$LRCX
LAM RESEARCH CORP
CIK:0000707549|SEC Filings
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands |
12 Months Ended | ||
|---|---|---|---|
Jun. 28, 2026 |
Jun. 29, 2025 |
Jun. 30, 2024 |
|
| Income Statement [Abstract] | |||
| Revenue | $ 23,232,690,000 | $ 18,435,591,000 | $ 14,905,386,000 |
| Cost of goods sold | 11,507,382,000 | 9,456,532,000 | 7,809,220,000 |
| Restructuring charges, net - cost of goods sold | 0 | 0 | 43,375,000 |
| Total cost of goods sold | 11,507,382,000 | 9,456,532,000 | 7,852,595,000 |
| Gross margin | 11,725,308,000 | 8,979,059,000 | 7,052,791,000 |
| Research and development | 2,375,873,000 | 2,096,387,000 | 1,902,444,000 |
| Selling, general, and administrative | 1,149,640,000 | 981,704,000 | 868,247,000 |
| Restructuring charges, net - operating expenses | 0 | 0 | 18,187,000 |
| Total operating expenses | 3,525,513,000 | 3,078,091,000 | 2,788,878,000 |
| Operating income | 8,199,795,000 | 5,900,968,000 | 4,263,913,000 |
| Other income (expense), net | 62,678,000 | 57,161,000 | 96,309,000 |
| Income before income taxes | 8,262,473,000 | 5,958,129,000 | 4,360,222,000 |
| Income tax expense | (997,077,000) | (599,912,000) | (532,450,000) |
| Net income | $ 7,265,396,000 | $ 5,358,217,000 | $ 3,827,772,000 |
| Net income per share: | |||
| Basic (in dollars per share) | $ 5.79 | $ 4.17 | $ 2.91 |
| Diluted (in dollars per share) | $ 5.76 | $ 4.15 | $ 2.90 |
| Number of shares used in per share calculations: | |||
| Basic (in shares) | 1,255,079 | 1,286,101 | 1,314,102 |
| Diluted (in shares) | 1,261,102 | 1,290,142 | 1,319,949 |
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands |
Jun. 28, 2026 |
Jun. 29, 2025 |
|---|---|---|
| ASSETS: | ||
| Cash and cash equivalents | $ 5,579,171 | $ 6,390,659 |
| Accounts receivable, less allowance of $8,071 as of June 28, 2026 and $6,496 as of June 29, 2025 | 5,339,682 | 3,378,071 |
| Inventories | 4,276,111 | 4,307,991 |
| Prepaid expenses and other current assets | 415,741 | 440,274 |
| Total current assets | 15,610,705 | 14,516,995 |
| Property and equipment, net | 2,956,472 | 2,428,744 |
| Goodwill and intangible assets, net | 1,895,859 | 1,808,685 |
| Other assets | 3,066,707 | 2,590,836 |
| Total assets | 23,529,743 | 21,345,260 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY: | ||
| Trade accounts payable | 1,302,467 | 854,208 |
| Accrued expenses and other current liabilities | 2,351,541 | 2,394,366 |
| Deferred profit | 2,279,168 | 2,565,540 |
| Current portion of long-term debt and finance lease obligations | 4,073 | 754,311 |
| Total current liabilities | 5,937,249 | 6,568,425 |
| Long-term debt and finance lease obligations | 3,730,490 | 3,730,194 |
| Income taxes payable | 681,197 | 603,412 |
| Other long-term liabilities | 709,886 | 581,610 |
| Total liabilities | 11,058,822 | 11,483,641 |
| Commitments and contingencies | ||
| Stockholders’ equity: | ||
| Preferred stock, at par value of $0.001 per share; authorized - 5,000 shares, none outstanding | 0 | 0 |
| Common stock, at par value of $0.001 per share; authorized 4,000,000 shares as of June 28, 2026 and June 29, 2025; issued and outstanding 1,251,278 shares as of June 28, 2026, and 1,268,740 shares as of June 29, 2025 | 1,251 | 1,268 |
| Additional paid-in capital | 9,244,449 | 8,697,290 |
| Treasury stock, at cost, 1,710,109 shares as of June 28, 2026, and 1,687,582 shares as of June 29, 2025 | (31,597,945) | (27,763,430) |
| Accumulated other comprehensive loss | (127,088) | (62,423) |
| Retained earnings | 34,950,254 | 28,988,914 |
| Total stockholders’ equity | 12,470,921 | 9,861,619 |
| Total liabilities and stockholders’ equity | $ 23,529,743 | $ 21,345,260 |