Lam ResearchLRCX

SemiconductorsNasdaqFinancial year ends in June

Makes the deposition and etching machines that build up and carve the layers of a chip during manufacturing.

By financial year

Lam Research’s figures by financial year
FigureFY2022FY2023FY2024FY2025FY2026
Income
Revenue$17.2bn$17.4bn$14.9bn$18.4bn$23.2bn
Gross profit$7.9bn$7.8bn$7.1bn$9.0bn$11.7bn
Operating income$5.4bn$5.2bn$4.3bn$5.9bn$8.2bn
Net income$4.6bn$4.5bn$3.8bn$5.4bn$7.3bn
Earnings per share (diluted)$3.27$3.32$2.90$4.15$5.76
Cash flow
Cash from operations$3.1bn$5.2bn$4.7bn$6.2bn$5.9bn
Capital spending$546m$502m$397m$759m$966m
Free cash flow$2.6bn$4.7bn$4.3bn$5.4bn$4.9bn
Share buybacks$3.9bn$2.0bn$2.8bn$3.4bn$3.9bn
Balance sheet (at the end of the period)
Cash and investments$3.5bn$5.3bn$5.8bn$6.4bn$5.6bn
Total debt$5.0bn$5.0bn$5.0bn$4.5bn$3.7bn
Net debt (debt less cash)$1.4bn−$372m−$880m−$1.9bn−$1.9bn
Shareholders’ equity$6.3bn$8.2bn$8.5bn$9.9bn$12.5bn
Shares (diluted average)1.41bn1.36bn1.32bn1.29bn1.26bn

By quarter

Lam Research’s figures by quarter
FigureQ2 FY2025Q3 FY2025Q4 FY2025Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026Q1 FY2027
Income
Revenue$4.4bn$4.7bn$5.2bn$5.3bn$5.3bn$5.8bn$6.7bn$8.2bn
Gross profit$2.1bn$2.3bn$2.6bn$2.7bn$2.7bn$2.9bn$3.5bn$4.3bn
Operating income$1.3bn$1.6bn$1.7bn$1.8bn$1.8bn$2.0bn$2.5bn$3.3bn
Net income$1.2bn$1.3bn$1.7bn$1.6bn$1.6bn$1.8bn$2.3bn$2.8bn
Earnings per share (diluted)$0.92$1.03—$1.24$1.26$1.45—$2.19
Cash flow
Cash from operations$742m$1.3bn$2.6bn$1.8bn$1.5bn$1.1bn$1.5bn$3.5bn
Capital spending$188m$288m$172m$185m$261m$332m$189m$258m
Free cash flow$554m$1.0bn$2.4bn$1.6bn$1.2bn$810m$1.3bn$3.2bn
Share buybacks$698m$435m$1.3bn$976m$1.5bn$1.2bn$247m$1.0bn
Balance sheet (at the end of the period)
Cash and investments$5.7bn$5.5bn$6.4bn$6.7bn$6.2bn$4.8bn$5.6bn$7.4bn
Total debt$5.0bn$4.5bn$4.5bn$4.5bn$4.5bn$3.7bn$3.7bn$3.7bn
Net debt (debt less cash)−$683m−$966m−$1.9bn−$2.2bn−$1.7bn−$1.0bn−$1.9bn−$3.7bn
Shareholders’ equity$8.8bn$9.5bn$9.9bn$10.2bn$10.1bn$10.6bn$12.5bn$13.9bn
Shares (diluted average)1.29bn1.29bn—1.27bn1.26bn1.26bn—1.26bn

From Lam Research’s annual (10-K) and quarterly (10-Q) reports to the SEC; each column heading links to its filing. Fourth quarters, and quarterly cash flows, are worked out from the year’s totals. Earnings per share for a fourth quarter can’t be, so it is left blank. Per-share figures before a share split are adjusted to today’s shares.

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