Lam Research

Information Technology Semiconductor Materials & Equipment Fremont, California Last filing Aug 7, 2026 · FY2026

                    Revenue
                    FY2026
                
$23.2B
                    3y CAGR +10.1%
                    
                    P47
                    
                    n/a
                    
                    Net income
                    FY2026
                
$7.3B
                    Net margin +31.3%
                    
                    P73
                    
                    n/a
                    
                    Total assets
                    FY2026
                
$23.5B
                    ROA +30.9%
                    
                    P87
                    
                    n/a
                    
                    Operating cash flow
                    FY2026
                
$5.9B
                    FCF margin +21.1%
                    
                    P40
                    
                    n/a

18 yrs · FY2009–FY2026 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

25 accounts · 1 year

Total assets $23.5B

Total liabilities $11.1B

Shareholders equity $12.5B

Account	2026	Trend
Assets
Cash and Cash Equivalents	24.0%
Accounts Receivable	23.0%
Inventory	18.4%
Prepaid Expenses	1.8%
Total Current Assets	67.2%
Property,Plant and Equipment	12.7%
Intangible Assets	8.2%
Other Noncurrent Assets	13.2%
Total Assets	101.3%
Liabilities
Accounts Payable	5.6%
Accrued Liabilities	10.1%
Deferred Revenue	9.8%
Current Portion of Long Term Debt	0.0%
Total Current Liabilities	25.6%
Long Term Debt	16.1%
Other Noncurrent Liabilities	6.0%
Total Liabilities	47.6%
Equity
Preferred Stock	0.0%
Common Stock	0.0%
Additional Paid In Capital	39.8%
Retained Earnings	150.4%
Treasury Stock	136.0%
Accumulated Other Comprehensive Income	-0.5%
Total Stockholders Equity	53.7%
Total Liabilitiesand Equity	101.3%

Income Statement

Revenue, expense, and profitability

16 accounts · 1 year

Revenue $23.2B

Operating income $8.2B

Net income $7.3B

Account	2026	Trend
IncomeStatement
Revenues Total Revenue	100.0%
Expenses Cost of Revenue	49.5%
Other Income Expense Gross Profit	50.5%
Expenses Research and Development	10.2%
Expenses Selling,General and Administrative	4.9%
Expenses Other Operating Expenses	0.0%
Expenses Operating Expenses	15.2%
Other Income Expense Operating Income	35.3%
Other Income Expense Other Income/expense	0.3%
Other Income Expense Income Before Tax	35.6%
Income Tax Income Tax Expense	4.3%
net Income net Income	31.3%
net Income Comprehensive Income	31.0%
Earnings Per Share Basic Eps	0.0%
Earnings Per Share Diluted Eps	0.0%
Earnings Per Share Weighted Average Shares Diluted	5.4%

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 1 year

Operating cash flow $5.9B

Investing cash flow $-922.2M

Financing cash flow $-5.7B

Account	2026	Trend
CashFlow
Operating Activities net Income	31.3%
Operating Activities Depreciation and Amortization	1.9%
Operating Activities Stock Based Compensation	1.7%
Operating Activities Deferred Income Taxes	-1.2%
Operating Activities Changes In Operating Assets and Liabilities	-8.2%
Operating Activities Other Non Cash Items	-0.1%
Operating Activities net Cash From Operating Activities	25.2%
Investing Activities Capital Expenditures	-4.2%
Investing Activities Proceeds From Sale of Investments	0.0%
Investing Activities Other Investing Activities	0.2%
Investing Activities net Cash From Investing Activities	-4.0%
Financing Activities Repayment of Debt	-3.3%
Financing Activities Repurchase of Common Stock	-16.6%
Financing Activities Dividends Paid	-5.5%
Financing Activities Proceeds From Stock Issuance	0.7%
Financing Activities Other Financing Activities	-0.1%
Financing Activities net Cash From Financing Activities	-24.6%
Cash Reconciliation Effect of Exchange Rate On Cash	-0.1%
Cash Reconciliation net Change In Cash	-3.5%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 1 year

Ratio	2026
Profitability
Gross margin	+50.5%
Operating margin	+35.3%
Net margin	+31.3%
FCF margin	+21.1%
Growth
Revenue CAGR (3y)	+10.1%
Returns
ROE	+58.3%
ROA	+30.9%
ROIC	+67.9%
Liquidity
Current ratio	2.63x
Quick ratio	1.84x
Leverage
D/E	0.89x
Interest coverage	—
Efficiency
Asset turnover	0.99x
Cash conversion cycle	+178d

Valuation

Price against fundamentals

FY2026 fundamentals · no price

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Revenue, expense, and profitability

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Margins, returns, liquidity, leverage, efficiency

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