financial statements

The full income statement, balance sheet, and cash-flow statement for Lam Research Corporation (LRCX), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofJun 29 ’25	as ofJun 30 ’24	as ofJun 25 ’23	as ofJun 26 ’22	as ofJun 27 ’21
Revenue	18.4B YoY+23.7%	14.9B YoY-14.5%	17.4B YoY+1.2%	17.2B YoY+17.8%	14.6B YoY+45.6%
	8.98B YoY+27.3%	7.05B YoY-9.3%	7.78B YoY-1.2%	7.87B YoY+15.7%	6.81B YoY+47.7%
Cost of revenue	9.46B YoY+20.4%	7.85B YoY-18.6%	9.65B YoY+3.2%	9.36B YoY+19.6%	7.82B YoY+43.9%
	3.08B YoY+10.4%	2.79B YoY+7.2%	2.60B YoY+4.5%	2.49B YoY+7.2%	2.32B YoY+20.1%
Research & development	2.10B YoY+10.2%	1.90B YoY+10.1%	1.73B YoY+7.7%	1.60B YoY+7.4%	1.49B YoY+19.2%
Selling, general & administrative	982M YoY+13.1%	868M YoY+4.3%	833M YoY-6.0%	886M YoY+6.7%	830M YoY+21.6%
Restructuring	—	61.6M YoY-48.8%	120M	—	—
Amortization of intangibles	—	56.3M YoY+9.3%	51.5M YoY-34.0%	78.0M YoY+10.5%	70.6M YoY+6.6%
Operating income	5.90B YoY+38.4%	4.26B YoY-17.6%	5.17B YoY-3.8%	5.38B YoY+20.1%	4.48B YoY+67.6%
Interest expense	178M YoY-3.8%	185M YoY-0.7%	186M YoY+0.9%	185M YoY-11.4%	209M YoY+17.6%
Interest & investment income	231M YoY-8.2%	252M YoY+81.3%	139M YoY+813.8%	15.2M YoY-22.7%	19.7M YoY-77.0%
Other non-operating income	57.2M YoY-40.6%	96.3M YoY+246.7%	-65.7M YoY+65.2%	-189M YoY-69.7%	-111M YoY-12.5%
Pre-tax income	5.96B YoY+36.6%	4.36B YoY-14.7%	5.11B YoY-1.6%	5.19B YoY+18.8%	4.37B YoY+69.7%
Income tax	600M YoY+12.7%	532M YoY-11.0%	598M YoY+1.8%	588M YoY+27.1%	462M YoY+43.0%
Net income	5.36B YoY+40.0%	3.83B YoY-15.1%	4.51B YoY-2.0%	4.61B YoY+17.8%	3.91B YoY+73.6%
	$4.15 YoY+43.1%	$2.90 YoY-12.7%	$3.32 YoY-89.9%	$32.75 YoY+21.7%	$26.90 YoY+78.1%
EPS (basic)	$4.17 YoY+43.3%	$2.91 YoY-12.6%	$3.33 YoY-89.9%	$32.92 YoY+20.9%	$27.22 YoY+75.0%
Weighted-avg shares (basic)	1.29B YoY-2.1%	1.31B YoY-3.0%	1.35B YoY+868.4%	140M YoY-2.6%	144M YoY-0.8%
Weighted-avg shares (diluted)	1.29B YoY-2.3%	1.32B YoY-2.8%	1.36B YoY+865.9%	141M YoY-3.2%	145M YoY-2.5%
Dividends per share	$0.92 YoY+15.0%	$0.80 YoY+15.9%	$0.69 YoY-88.5%	$6.00 YoY+15.4%	$5.20 YoY+13.0%
Balance Sheet	as ofJun 29 ’25	as ofJun 30 ’24	as ofJun 25 ’23	as ofJun 26 ’22	as ofJun 27 ’21
	14.5B YoY+12.7%	12.9B YoY-2.6%	13.2B YoY+7.7%	12.3B YoY+5.4%	11.7B YoY+7.4%
Cash & equivalents	6.39B YoY+9.3%	5.85B YoY+9.6%	5.34B YoY+51.5%	3.52B YoY-20.3%	4.42B YoY-10.1%
Short-term investments	2.57B YoY+0.0%	2.57B YoY+0.0%	2.57B YoY+0.0%	2.57B YoY+0.0%	2.57B YoY+0.0%
Accounts receivable	3.38B YoY+34.1%	2.52B YoY-10.8%	2.82B YoY-34.6%	4.31B YoY+42.5%	3.03B YoY+44.3%
Inventory	4.31B YoY+2.1%	4.22B YoY-12.4%	4.82B YoY+21.4%	3.97B YoY+47.5%	2.69B YoY+41.5%
Prepaid expenses	440M YoY+47.6%	298M YoY+18.4%	252M YoY-27.5%	347M YoY+67.4%	208M YoY+42.0%
	21.3B YoY+13.9%	18.7B YoY-0.2%	18.8B YoY+9.2%	17.2B YoY+8.2%	15.9B YoY+9.2%
Property, plant & equipment	2.41B YoY+12.9%	2.13B YoY+18.1%	1.80B YoY+12.3%	1.61B YoY+27.5%	1.26B YoY+19.6%
Operating lease right-of-use	287M YoY-6.9%	308M YoY+27.1%	243M YoY+7.1%	227M YoY+30.4%	174M YoY-0.5%
Goodwill	1.60B YoY+0.0%	1.60B YoY-1.4%	1.62B YoY+7.1%	1.52B YoY+1.7%	1.49B YoY+0.4%
Intangible assets	182M YoY+31.6%	139M YoY-17.8%	168M YoY+65.4%	102M YoY-23.1%	132M YoY-21.5%
Deferred tax assets	344K YoY+0.0%	344K YoY+0.0%	344K YoY+0.0%	344K YoY+0.0%	344K YoY+0.0%
Other non-current assets	2.59B YoY+33.4%	1.94B YoY+1.9%	1.91B YoY+36.7%	1.39B YoY+31.4%	1.06B YoY+46.0%
	6.57B YoY+51.4%	4.34B YoY+3.7%	4.18B YoY-8.3%	4.56B YoY+29.4%	3.53B YoY+11.6%
Accounts payable	854M YoY+39.1%	614M YoY+30.4%	471M YoY-53.5%	1.01B YoY+21.9%	830M YoY+40.1%
Accrued liabilities	2.39B YoY+32.9%	1.80B YoY-10.4%	2.01B YoY+1.8%	1.97B YoY+14.8%	1.72B YoY+35.1%
Deferred revenue	2.57B YoY+81.0%	1.42B YoY-16.4%	1.70B YoY+7.8%	1.57B YoY+62.5%	967M YoY+111.4%
Short-term & current debt	750M YoY+49.5%	501M YoY+118977.4%	421K	0.00	0.00 YoY-100.0%
Current lease liability	78.7M YoY+22.1%	64.4M YoY-0.4%	64.7M YoY+19.5%	54.1M YoY+19.4%	45.3M YoY-8.4%
Other current liabilities	62.5M YoY+0.0%	62.5M YoY+0.0%	62.5M YoY+0.0%	62.5M YoY+0.0%	62.5M YoY+0.0%
	11.5B YoY+12.5%	10.2B YoY-3.5%	10.6B YoY-3.2%	10.9B YoY+10.7%	9.86B YoY+5.2%
Long-term debt	3.72B YoY-16.7%	4.47B YoY-10.0%	4.96B YoY+0.1%	4.96B YoY+0.0%	4.96B YoY+0.0%
Non-current lease liability	193M YoY-13.4%	223M YoY+29.1%	173M YoY+5.0%	165M YoY+39.0%	118M YoY-4.4%
Other non-current liabilities	582M YoY+1.1%	575M YoY+14.7%	501M YoY+18.5%	423M YoY+6.1%	399M YoY+19.9%
	9.86B YoY+15.5%	8.54B YoY+4.0%	8.21B YoY+30.8%	6.28B YoY+4.2%	6.03B YoY+16.5%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	1.27M YoY-2.8%	1.30M YoY+880.5%	133K YoY-2.9%	137K YoY-4.2%	143K YoY-1.4%
Additional paid-in capital	8.70B YoY+5.8%	8.22B YoY+5.3%	7.81B YoY+5.3%	7.41B YoY+5.1%	7.05B YoY+5.3%
Retained earnings	29.0B YoY+16.8%	24.8B YoY+12.6%	22.0B YoY+19.4%	18.5B YoY+25.7%	14.7B YoY+27.5%
Treasury stock	27.8B YoY+13.9%	24.4B YoY+13.2%	21.5B YoY+10.5%	19.5B YoY+24.5%	15.6B YoY+20.8%
Accumulated other comprehensive income	-62.4M YoY+52.1%	-130M YoY-29.5%	-101M YoY+8.4%	-110M YoY-71.5%	-64.1M YoY+31.9%
Total liabilities & equity	21.3B YoY+13.9%	18.7B YoY-0.2%	18.8B YoY+9.2%	17.2B YoY+8.2%	15.9B YoY+9.2%
Common shares issued	1.27B YoY-2.7%	1.30B YoY+878.1%	133M YoY-2.7%	137M YoY-3.9%	143M YoY-1.9%
Common shares outstanding	1.27B YoY-2.7%	1.30B YoY+878.1%	133M YoY-2.7%	137M YoY-3.9%	143M YoY-1.9%
Shares outstanding (cover)	1.28B YoY+878.4%	131M YoY-2.7%	134M YoY-3.2%	139M YoY-2.7%	143M YoY-1.8%
Cash Flow	as ofJun 29 ’25	as ofJun 30 ’24	as ofJun 25 ’23	as ofJun 26 ’22	as ofJun 27 ’21
	6.17B YoY+32.7%	4.65B YoY-10.2%	5.18B YoY+67.1%	3.10B YoY-13.6%	3.59B YoY+68.7%
Depreciation & amortization	386M YoY+7.4%	360M YoY+5.0%	342M YoY+2.6%	334M YoY+8.7%	307M YoY+14.4%
Share-based compensation	343M YoY+17.2%	293M YoY+2.3%	287M YoY+10.6%	259M YoY+17.7%	220M YoY+16.4%
Deferred income taxes	-363M YoY-82.6%	-199M YoY-15.6%	-172M YoY+33.2%	-257M YoY-70.0%	-151M YoY-752.1%
Change in receivables	859M YoY+383.0%	-303M YoY+79.1%	-1.45B YoY-212.8%	1.29B YoY+38.6%	929M YoY+44.7%
Change in inventory	181M YoY+134.2%	-529M YoY-155.0%	962M YoY-28.8%	1.35B YoY+70.5%	793M YoY+92.6%
	-708M YoY-91.1%	-371M YoY+30.7%	-535M YoY-187.3%	612M YoY+735.6%	73.3M YoY+130.0%
Capital expenditure	759M YoY+91.4%	397M YoY-20.9%	502M YoY-8.1%	546M YoY+56.4%	349M YoY+71.8%
Acquisitions	0.00	0.00 YoY-100.0%	120M	0.00	0.00
Sales/maturities of investments	0.00 YoY-100.0%	34.3M YoY-62.4%	91.3M YoY-52.0%	190M YoY-92.0%	2.38B YoY+44.6%
Other investing activities	-51.1M YoY-536.3%	11.7M YoY+4.8%	11.2M YoY+47.5%	7.58M YoY-82.0%	42.2M YoY+63.1%
	-4.94B YoY-23.5%	-4.00B YoY-41.2%	-2.83B YoY+38.2%	-4.58B YoY-9.9%	-4.17B YoY-567.9%
Long-term debt issued	—	—	—	0.00	0.00 YoY-100.0%
Common stock issued	2.45M YoY-84.2%	15.6M YoY+40.0%	11.1M YoY+95.5%	5.68M YoY-76.4%	24.1M YoY+198.4%
Common stock repurchased	3.42B YoY+20.4%	2.84B YoY+40.9%	2.02B YoY-47.8%	3.87B YoY+43.3%	2.70B YoY+97.0%
Dividends paid	1.15B YoY+12.8%	1.02B YoY+12.2%	908M YoY+11.4%	815M YoY+12.1%	727M YoY+10.7%
Other financing activities	143K YoY+101.1%	-13.5M YoY-281.3%	-3.55M YoY-7993.3%	45.0K YoY+102.1%	-2.11M YoY-210.1%
FX effect on cash	28.3M YoY+226.6%	-22.4M YoY-17579.7%	128K YoY+100.4%	-30.2M YoY-518.9%	7.21M YoY+362.4%
Net change in cash	557M YoY+111.4%	263M YoY-85.5%	1.81B YoY+302.2%	-897M YoY-80.0%	-498M YoY-139.7%
Interest paid	172M YoY-0.4%	173M YoY-0.9%	175M YoY-0.4%	176M YoY-13.9%	204M YoY+18.6%
Income taxes paid	973M YoY-1.9%	992M YoY+22.5%	810M YoY+0.3%	808M YoY+55.8%	519M YoY+132.6%
Valuation Ratios	as ofJun 29 ’25	as ofJun 30 ’24	as ofJun 25 ’23	as ofJun 26 ’22	as ofJun 27 ’21
Market cap	124B YoY+793.1%	13.9B YoY+70.2%	8.18B YoY+31.0%	6.24B YoY-30.5%	8.99B YoY+104.7%
P/E	26.8× YoY+592.6%	3.9× YoY+131.5%	1.7× YoY+20.8%	1.4× YoY-46.9%	2.6× YoY+24.0%
P/S	7.3× YoY+642.8%	1.0× YoY+125.0%	0.4× YoY+16.1%	0.4× YoY-44.7%	0.7× YoY+48.2%
P/B	13.1× YoY+653.8%	1.7× YoY+78.1%	1.0× YoY-6.2%	1.0× YoY-37.9%	1.7× YoY+72.8%
P/FCF	32.9× YoY+969.1%	3.1× YoY+48.0%	2.1× YoY+18.1%	1.8× YoY-47.8%	3.4× YoY+51.4%
Earnings yield	3.7% YoY-85.6%	25.9% YoY-56.8%	59.9% YoY-17.2%	72.3% YoY+88.3%	38.4% YoY-19.3%
FCF yield	3.0% YoY-90.6%	32.5% YoY-32.4%	48.1% YoY-15.3%	56.8% YoY+91.6%	29.6% YoY-33.9%
Dividend yield	0.9% YoY+26.0%	0.8% YoY-33.7%	1.1% YoY-91.5%	13.3% YoY+61.6%	8.2% YoY-45.8%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: LRCX's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all LRCX filings on SEC EDGAR → Not investment advice.

LRCX▼ financial statements

About this data

financial statements