Lam Research Corp (LRCX) Financial Statements
Historical financial data — 44 statements covering FY2016–FY2026
Lam Research is one of the largest semiconductor wafer fabrication equipment manufacturers in the world. It specializes in deposition and etch, which entail the buildup of layers on a semiconductor...
Lam Research Corp's revenue increased 26.0% year over year, from $18.44B to $23.23B.
Net income increased 35.6% over the same period, from $5.36B to $7.27B.
Over the 10-year period from FY2016 to FY2026, revenue grew by 295% in total.
Total debt decreased by 8.1% to $4.12B.
The debt-to-equity ratio stands at 0.33, indicating a moderate leverage profile.
Operating cash flow declined 5.1% to $5.86B.
Lam Research Corp maintains a strong net profit margin of 31.3%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q1 FY2025 | $4.17B+7.7% | $1.12B | $2.00B | $1.26B | $1.57B | $19.53B | $4.98B | $8.47B |
| Q2 FY2025 | $4.38B+5.0% | $1.19B | $2.07B | $1.33B | $741.9M | $19.84B | $4.98B | $8.81B |
| Q3 FY2025 | $4.72B+7.9% | $1.33B | $2.31B | $1.56B | $1.31B | $19.97B | $4.48B | $9.51B |
| Q4 FY2025 | $5.17B+9.6% | $1.72B | $2.59B | $1.74B | $2.55B | $21.35B | $4.48B | $9.86B |
| Q1 FY2026 | $5.32B+3.0% | $1.57B | $2.68B | $1.83B | $1.78B | $21.90B | $4.48B | $10.19B |
| Q2 FY2026 | $5.34B+0.4% | $1.59B | $2.65B | $1.81B | $1.48B | $21.39B | $4.48B | $10.15B |
| Q3 FY2026 | $5.84B+9.3% | $1.83B | $2.91B | $2.05B | $1.14B | $20.79B | $3.73B | $10.58B |
| Q4 FY2026 | $6.72B+15.1% | $2.28B | $3.48B | $2.51B | $1.46B | $23.53B | $4.12B | $12.47B |
Balance Sheet Summary (FY2026)
Lam Research Corp (LRCX) Financial Statements & Revenue History
Lam Research Corp (LRCX) is a US-listed stock operating in the Industrials sector, specifically the Special Industry Machinery, Nec industry trading at $263.74 with a market capitalization of $330. This page provides 44 historical financial statements for Lam Research Corp, including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Lam Research Corp reported revenue of $23.2 billion, representing 26.0% year-over-year growth. The net profit margin of 31.3% reflects strong profitability. The debt-to-equity ratio of 0.33 shows conservative leverage.
LRCX Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Lam Research Corp's revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether LRCX is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track LRCX's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Lam Research Corp converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of LRCX's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use LRCX Financial Data
Investors use Lam Research Corp's financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare LRCX's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how LRCX's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View LRCX's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Lam Research Corp's SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.LRCX trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.