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

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	$5.6B
Accounts Receivable	$5.3B
Inventory	$4.3B
Prepaid Expenses	$415.7M
Total Current Assets	$15.6B
Property,Plant and Equipment	$3.0B
Intangible Assets	$1.9B
Other Noncurrent Assets	$3.1B
Total Assets	$23.5B
Liabilities
Accounts Payable	$1.3B
Accrued Liabilities	$2.4B
Deferred Revenue	$2.3B
Current Portion of Long Term Debt	$4.1M
Total Current Liabilities	$5.9B
Long Term Debt	$3.7B
Other Noncurrent Liabilities	$1.4B
Total Liabilities	$11.1B
Equity
Preferred Stock	$0
Common Stock	$1.3M
Additional Paid In Capital	$9.2B
Retained Earnings	$35.0B
Treasury Stock	$31.6B
Accumulated Other Comprehensive Income	$-127.1M
Total Stockholders Equity	$12.5B
Total Liabilitiesand Equity	$23.5B

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	$23.2B
Expenses Cost of Revenue	$11.5B
Other Income Expense Gross Profit	$11.7B
Expenses Research and Development	$2.4B
Expenses Selling,General and Administrative	$1.1B
Expenses Other Operating Expenses	$0
Expenses Operating Expenses	$3.5B
Other Income Expense Operating Income	$8.2B
Other Income Expense Other Income/expense	$62.7M
Other Income Expense Income Before Tax	$8.3B
Income Tax Income Tax Expense	$997.1M
net Income net Income	$7.3B
net Income Comprehensive Income	$7.2B
Earnings Per Share Basic Eps	$6
Earnings Per Share Diluted Eps	$6
Earnings Per Share Weighted Average Shares Diluted	$1.3B

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	$7.3B
Operating Activities Depreciation and Amortization	$441.5M
Operating Activities Stock Based Compensation	$386.4M
Operating Activities Deferred Income Taxes	$-289.1M
Operating Activities Changes In Operating Assets and Liabilities	$-1.9B
Operating Activities Other Non Cash Items	$-32.7M
Operating Activities net Cash From Operating Activities	$5.9B
Investing Activities Capital Expenditures	$-966.4M
Investing Activities Proceeds From Sale of Investments	$0
Investing Activities Other Investing Activities	$44.3M
Investing Activities net Cash From Investing Activities	$-922.2M
Financing Activities Repayment of Debt	$-755.4M
Financing Activities Repurchase of Common Stock	$-3.9B
Financing Activities Dividends Paid	$-1.3B
Financing Activities Proceeds From Stock Issuance	$173.4M
Financing Activities Other Financing Activities	$-13.8M
Financing Activities net Cash From Financing Activities	$-5.7B
Cash Reconciliation Effect of Exchange Rate On Cash	$-27.4M
Cash Reconciliation net Change In Cash	$-809.7M

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

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FY2026 fundamentals · no price

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