LRCX 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.

Shares outstanding (point-in-time)

2024-06 1.30B2024-09 1.29B2024-12 1.28B2025-03 1.28B2025-06 1.27B2025-09 1.26B2025-12 1.25B2026-03 1.25B2026-06 1.25B-3.7% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2026	FY2025	FY2024	FY2023	FY2022
Income Statement	as ofJun 28 ’26	as ofJun 29 ’25	as ofJun 30 ’24	as ofJun 25 ’23	as ofJun 26 ’22
Revenue	23.2B YoY+26.0%	18.4B YoY+23.7%	14.9B YoY-14.5%	17.4B YoY+1.2%	17.2B YoY+17.8%
	11.7B YoY+30.6%	8.98B YoY+27.3%	7.05B YoY-9.3%	7.78B YoY-1.2%	7.87B YoY+15.7%
Cost of revenue	11.5B YoY+21.7%	9.46B YoY+20.4%	7.85B YoY-18.6%	9.65B YoY+3.2%	9.36B YoY+19.6%
	3.53B YoY+14.5%	3.08B YoY+10.4%	2.79B YoY+7.2%	2.60B YoY+4.5%	2.49B YoY+7.2%
Research & development	2.38B YoY+13.3%	2.10B YoY+10.2%	1.90B YoY+10.1%	1.73B YoY+7.7%	1.60B YoY+7.4%
Selling, general & administrative	1.15B YoY+17.1%	982M YoY+13.1%	868M YoY+4.3%	833M YoY-6.0%	886M YoY+6.7%
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%
Operating income	8.20B YoY+39.0%	5.90B YoY+38.4%	4.26B YoY-17.6%	5.17B YoY-3.8%	5.38B YoY+20.1%
Interest expense	157M YoY-12.0%	178M YoY-3.8%	185M YoY-0.7%	186M YoY+0.9%	185M YoY-11.4%
Interest & investment income	196M YoY-15.2%	231M YoY-8.2%	252M YoY+81.3%	139M YoY+813.8%	15.2M YoY-22.7%
Other non-operating income	62.7M YoY+9.7%	57.2M YoY-40.6%	96.3M YoY+246.7%	-65.7M YoY+65.2%	-189M YoY-69.7%
Pre-tax income	8.26B YoY+38.7%	5.96B YoY+36.6%	4.36B YoY-14.7%	5.11B YoY-1.6%	5.19B YoY+18.8%
Income tax	997M YoY+66.2%	600M YoY+12.7%	532M YoY-11.0%	598M YoY+1.8%	588M YoY+27.1%
Net income	7.27B YoY+35.6%	5.36B YoY+40.0%	3.83B YoY-15.1%	4.51B YoY-2.0%	4.61B YoY+17.8%
	$5.76 YoY+38.8%	$4.15 YoY+43.1%	$2.90 YoY-12.7%	$3.32 YoY+1.4%	$3.27 YoY+21.7%
EPS (basic)	$5.79 YoY+38.8%	$4.17 YoY+43.3%	$2.91 YoY-12.6%	$3.33 YoY+1.2%	$3.29 YoY+20.9%
	1.26B YoY-2.4%	1.29B YoY-2.1%	1.31B YoY-3.0%	1.35B YoY-3.2%	1.40B YoY-2.6%
	1.26B YoY-2.3%	1.29B YoY-2.3%	1.32B YoY-2.8%	1.36B YoY-3.4%	1.41B YoY-3.2%
Dividends per share	$1.04 YoY+13.0%	$0.92 YoY+15.0%	$0.80 YoY+15.9%	$0.69 YoY+15.0%	$0.60 YoY+15.4%
Balance Sheet	as ofJun 28 ’26	as ofJun 29 ’25	as ofJun 30 ’24	as ofJun 25 ’23	as ofJun 26 ’22
	15.6B YoY+7.5%	14.5B YoY+12.7%	12.9B YoY-2.6%	13.2B YoY+7.7%	12.3B YoY+5.4%
Cash & equivalents	5.58B YoY-12.7%	6.39B YoY+9.3%	5.85B YoY+9.6%	5.34B YoY+51.5%	3.52B YoY-20.3%
Accounts receivable	5.34B YoY+58.1%	3.38B YoY+34.1%	2.52B YoY-10.8%	2.82B YoY-34.6%	4.31B YoY+42.5%
Inventory	4.28B YoY-0.7%	4.31B YoY+2.1%	4.22B YoY-12.4%	4.82B YoY+21.4%	3.97B YoY+47.5%
Prepaid expenses	416M YoY-5.6%	440M YoY+47.6%	298M YoY+18.4%	252M YoY-27.5%	347M YoY+67.4%
	23.5B YoY+10.2%	21.3B YoY+13.9%	18.7B YoY-0.2%	18.8B YoY+9.2%	17.2B YoY+8.2%
Property, plant & equipment	2.94B YoY+22.1%	2.41B YoY+12.9%	2.13B YoY+18.1%	1.80B YoY+12.3%	1.61B YoY+27.5%
Operating lease right-of-use	397M YoY+38.5%	287M YoY-6.9%	308M YoY+27.1%	243M YoY+7.1%	227M YoY+30.4%
Goodwill	1.63B YoY+0.0%	1.63B YoY+1.9%	1.60B YoY-1.4%	1.62B YoY+7.1%	1.52B YoY+1.7%
Intangible assets	269M YoY+47.8%	182M YoY+31.6%	139M YoY-17.8%	168M YoY+65.4%	102M YoY-23.1%
Other non-current assets	3.07B YoY+18.4%	2.59B YoY+33.4%	1.94B YoY+1.9%	1.91B YoY+36.7%	1.39B YoY+31.4%
	5.94B YoY-9.6%	6.57B YoY+51.4%	4.34B YoY+3.7%	4.18B YoY-8.3%	4.56B YoY+29.4%
Accounts payable	1.30B YoY+52.5%	854M YoY+39.1%	614M YoY+30.4%	471M YoY-53.5%	1.01B YoY+21.9%
Accrued liabilities	2.35B YoY-1.8%	2.39B YoY+32.9%	1.80B YoY-10.4%	2.01B YoY+1.8%	1.97B YoY+14.8%
Deferred revenue	2.28B YoY-11.2%	2.57B YoY+81.0%	1.42B YoY-16.4%	1.70B YoY+7.8%	1.57B YoY+62.5%
Short-term & current debt	—	750M YoY+49.5%	501M YoY+118977.4%	421K	0.00
Current lease liability	90.4M YoY+14.9%	78.7M YoY+22.1%	64.4M YoY-0.4%	64.7M YoY+19.5%	54.1M YoY+19.4%
Finance lease liability (current)	—	—	3.50M YoY-55.9%	7.94M YoY+7.5%	7.38M YoY-35.0%
	11.1B YoY-3.7%	11.5B YoY+12.5%	10.2B YoY-3.5%	10.6B YoY-3.2%	10.9B YoY+10.7%
Long-term debt	3.72B YoY+0.1%	3.72B YoY-16.7%	4.47B YoY-10.0%	4.96B YoY+0.1%	4.96B YoY+0.0%
Non-current lease liability	297M YoY+53.4%	193M YoY-13.4%	223M YoY+29.1%	173M YoY+5.0%	165M YoY+39.0%
Operating lease liability (total)	387M YoY+42.3%	272M YoY-5.4%	288M YoY+21.1%	238M YoY+8.6%	219M YoY+33.6%
Finance lease liability (total)	—	—	16.0M YoY-65.4%	46.2M YoY+6.5%	43.4M YoY+6.4%
Finance lease liability	—	—	12.5M YoY-67.4%	38.2M YoY+6.2%	36.0M YoY+22.4%
Other non-current liabilities	710M YoY+22.1%	582M YoY+1.1%	575M YoY+14.7%	501M YoY+18.5%	423M YoY+6.1%
	12.5B YoY+26.5%	9.86B YoY+15.5%	8.54B YoY+4.0%	8.21B YoY+30.8%	6.28B YoY+4.2%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	1.25M YoY-1.3%	1.27M YoY-2.8%	1.30M YoY+880.5%	133K YoY-2.9%	137K YoY-4.2%
Additional paid-in capital	9.24B YoY+6.3%	8.70B YoY+5.8%	8.22B YoY+5.3%	7.81B YoY+5.3%	7.41B YoY+5.1%
Retained earnings	35.0B YoY+20.6%	29.0B YoY+16.8%	24.8B YoY+12.6%	22.0B YoY+19.4%	18.5B YoY+25.7%
Treasury stock	31.6B YoY+13.8%	27.8B YoY+13.9%	24.4B YoY+13.2%	21.5B YoY+10.5%	19.5B YoY+24.5%
Accumulated other comprehensive income	-127M YoY-103.6%	-62.4M YoY+52.1%	-130M YoY-29.5%	-101M YoY+8.4%	-110M YoY-71.5%
Total liabilities & equity	23.5B YoY+10.2%	21.3B YoY+13.9%	18.7B YoY-0.2%	18.8B YoY+9.2%	17.2B YoY+8.2%
	1.25B YoY-1.4%	1.27B YoY-2.7%	1.30B YoY-2.2%	1.33B YoY-2.7%	1.37B YoY-3.9%
	1.25B YoY-1.4%	1.27B YoY-2.7%	1.30B YoY-2.2%	1.33B YoY-2.7%	1.37B YoY-3.9%
	1.25B YoY-1.1%	1.27B YoY-2.6%	1.30B YoY-2.0%	1.33B YoY-3.3%	1.37B YoY-3.5%
Cash Flow	as ofJun 28 ’26	as ofJun 29 ’25	as ofJun 30 ’24	as ofJun 25 ’23	as ofJun 26 ’22
	5.86B YoY-5.1%	6.17B YoY+32.7%	4.65B YoY-10.2%	5.18B YoY+67.1%	3.10B YoY-13.6%
Depreciation & amortization	442M YoY+14.3%	386M YoY+7.4%	360M YoY+5.0%	342M YoY+2.6%	334M YoY+8.7%
Intangible amortization	—	—	56.3M YoY+9.3%	51.5M YoY-34.0%	78.0M YoY+10.5%
Share-based compensation	386M YoY+12.5%	343M YoY+17.2%	293M YoY+2.3%	287M YoY+10.6%	259M YoY+17.7%
Deferred income taxes	-289M YoY+20.4%	-363M YoY-82.6%	-199M YoY-15.6%	-172M YoY+33.2%	-257M YoY-70.0%
Change in receivables	1.96B YoY+128.5%	859M YoY+383.0%	-303M YoY+79.1%	-1.45B YoY-212.8%	1.29B YoY+38.6%
Change in inventory	93.9M YoY-48.1%	181M YoY+134.2%	-529M YoY-155.0%	962M YoY-28.8%	1.35B YoY+70.5%
	-922M YoY-30.2%	-708M YoY-91.1%	-371M YoY+30.7%	-535M YoY-187.3%	612M YoY+735.6%
Capital expenditure	966M YoY+27.3%	759M YoY+91.4%	397M YoY-20.9%	502M YoY-8.1%	546M YoY+56.4%
Free cash flow	4.89B YoY-9.7%	5.41B YoY+27.2%	4.26B YoY-9.0%	4.68B YoY+83.2%	2.55B YoY-21.2%
Acquisitions	0.00	0.00	0.00 YoY-100.0%	120M	0.00
Sales/maturities of investments	0.00	0.00 YoY-100.0%	34.3M YoY-62.4%	91.3M YoY-52.0%	190M YoY-92.0%
Other investing activities	-44.3M YoY+13.4%	-51.1M YoY-536.3%	11.7M YoY+4.8%	11.2M YoY+47.5%	7.58M YoY-82.0%
	-5.72B YoY-15.8%	-4.94B YoY-23.5%	-4.00B YoY-41.2%	-2.83B YoY+38.2%	-4.58B YoY-9.9%
Long-term debt issued	0.00	0.00	0.00	0.00	0.00
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	17.4M YoY+611.5%	2.45M YoY-84.2%	15.6M YoY+40.0%	11.1M YoY+95.5%	5.68M YoY-76.4%
Common stock repurchased	3.85B YoY+12.5%	3.42B YoY+20.4%	2.84B YoY+40.9%	2.02B YoY-47.8%	3.87B YoY+43.3%
Dividends paid	1.27B YoY+10.5%	1.15B YoY+12.8%	1.02B YoY+12.2%	908M YoY+11.4%	815M YoY+12.1%
Other financing activities	-13.8M YoY-9745.5%	143K YoY+101.1%	-13.5M YoY-281.3%	-3.55M YoY-7993.3%	45.0K YoY+102.1%
FX effect on cash	-27.4M YoY-196.8%	28.3M YoY+226.6%	-22.4M YoY-17579.7%	128K YoY+100.4%	-30.2M YoY-518.9%
Net change in cash	-810M YoY-245.4%	557M YoY+111.4%	263M YoY-85.5%	1.81B YoY+302.2%	-897M YoY-80.0%
Interest paid	150M YoY-12.9%	172M YoY-0.4%	173M YoY-0.9%	175M YoY-0.4%	176M YoY-13.9%
Income taxes paid	1.33B YoY+37.2%	973M YoY-1.9%	992M YoY+22.5%	810M YoY+0.3%	808M YoY+55.8%
Valuation Ratios	as ofJun 28 ’26	as ofJun 29 ’25	as ofJun 30 ’24	as ofJun 25 ’23	as ofJun 26 ’22
Market cap	474B YoY+281.3%	124B YoY-10.7%	139B YoY+70.2%	81.8B YoY+31.0%	62.4B YoY-30.5%
P/E	70.7× YoY+164.8%	26.7× YoY-30.8%	38.6× YoY+131.9%	16.6× YoY+20.9%	13.8× YoY-47.1%
P/S	21.9× YoY+201.4%	7.3× YoY-25.8%	9.8× YoY+125.4%	4.3× YoY+16.2%	3.7× YoY-44.9%
P/B	44.8× YoY+242.6%	13.1× YoY-24.7%	17.4× YoY+78.4%	9.7× YoY-6.1%	10.4× YoY-38.1%
P/FCF	78.9× YoY+140.9%	32.8× YoY+6.8%	30.7× YoY+48.2%	20.7× YoY+18.2%	17.5× YoY-48.0%
	1.4% YoY-62.2%	3.7% YoY+44.5%	2.6% YoY-56.9%	6.0% YoY-17.3%	7.3% YoY+88.9%
	1.3% YoY-58.5%	3.1% YoY-6.4%	3.3% YoY-32.5%	4.8% YoY-15.4%	5.7% YoY+92.3%
	0.27% YoY-71.0%	0.95% YoY+26.0%	0.75% YoY-33.7%	1.1% YoY-15.0%	1.3% YoY+61.6%
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.