LRCX · XBRL financial data

Lam Research financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (LRCX's year ends in late June)

In millions of dollars	Q2 FY24Dec 24, 2023	Q3 FY24Mar 31, 2024	Q4 FY24Jun 30, 2024	Q1 FY25†Sep 29, 2024	Q2 FY25†Dec 29, 2024	Q3 FY25Mar 30, 2025	Q4 FY25Jun 29, 2025	Q1 FY26Sep 28, 2025	Q2 FY26Dec 28, 2025	Q3 FY26Mar 29, 2026	Q4 FY26Jun 28, 2026	Q1 FY27Sep 27, 2026
Revenue from contracts with customers	3,758	3,794	3,872*	4,168	4,376	4,720	5,171*	5,324	5,345	5,841	6,722*	8,219
Cost of goods and services sold	2,001	1,993	2,031*	2,165	2,303	2,406	2,582*	—	—	—	year only	—
Gross profit	1,757	1,801	1,840*	2,003	2,073	2,314	2,590*	2,685	2,651	2,911	—	4,299
Research and development	470	512	498*	495	495	526	580*	576	573	583	643*	666
Selling, general and administrative	229	216	216*	243	244	226	268*	279	268	280	322*	349
Total operating expenses	700	743	714*	738	739	752	849*	856	841	864	965*	1,015
Operating income (loss)	1,057	1,057	1,127*	1,264	1,334	1,562	1,741*	1,829	1,810	2,047	2,513*	3,284
Interest income	58	72	66*	68	58	51	55*	64	53	43	36*	50
Interest expense	46	47	46*	45	45	45	43*	42	41	39	34*	37
Other income (expense)	30	36	28*	30	14	(25)	38*	30	26	(35)	42*	28
Income tax expense (benefit)	133	127	134*	178	157	206	59*	291	243	186	278*	559
Net income (loss)	954	966	1,020*	1,116	1,191	1,331	1,720*	1,569	1,594	1,825	2,277*	2,753
Earnings per share, basic‡ USD per share	0.73	0.74	0.78*	0.09	0.93	1.04	—	1.24	1.27	1.46	1.82*	2.20
Earnings per share, diluted‡ USD per share	0.72	0.73	0.78*	0.09	0.92	1.03	—	1.24	1.26	1.45	1.81*	2.19
Weighted average shares, basic‡ millions of shares	1,316	1,308	1,306*	12,992	1,287	1,284	—	1,264	1,255	1,250	1,251*	1,251
Weighted average shares, diluted‡ millions of shares	1,322	1,315	1,311*	13,041	1,291	1,288	—	1,269	1,262	1,257	1,256*	1,256

‡ Per-share figures and share counts are adjusted for the 10-for-1 stock split (October 2024); filings made before it reported them unadjusted.
† Share count changed about 10x in the period ending 2024-09-29, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
† Share count changed about 1/10 in the period ending 2024-12-29, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Balance sheet

CSV

Fiscal quarters (LRCX's year ends in late June)

In millions of dollars	Q2 FY24Dec 24, 2023	Q3 FY24Mar 31, 2024	Q4 FY24Jun 30, 2024	Q1 FY25†Sep 29, 2024	Q2 FY25†Dec 29, 2024	Q3 FY25Mar 30, 2025	Q4 FY25Jun 29, 2025	Q1 FY26Sep 28, 2025	Q2 FY26Dec 28, 2025	Q3 FY26Mar 29, 2026	Q4 FY26Jun 28, 2026	Q1 FY27Sep 27, 2026
Cash and cash equivalents	5,623	5,672	5,848	6,067	5,665	5,451	6,391	6,693	6,180	4,751	5,579	7,437
Accounts receivable	2,707	2,204	2,519	2,937	3,305	3,228	3,378	3,633	3,492	4,133	5,340	5,658
Inventory	4,430	4,323	4,218	4,210	4,358	4,463	4,308	4,095	4,038	4,000	4,276	4,551
Prepaid and other current assets	279	290	298	278	284	318	440	386	308	413	416	478
Total current assets	13,055	12,488	12,883	13,492	13,613	13,460	14,517	14,807	14,018	13,297	15,611	18,124
Property and equipment, net	—	—	2,130	—	—	—	2,406	—	2,689	2,833	2,936	3,077
Right-of-use asset	—	—	308	—	—	—	287	—	—	—	397	—
Goodwill	1,627	1,627	1,627	1,600	—	—	1,600	—	—	—	1,630	—
Total assets	18,784	18,280	18,745	19,532	19,840	19,968	21,345	21,900	21,391	20,792	23,530	26,353
Accounts payable	500	532	614	704	822	853	854	863	1,027	1,072	1,302	1,592
Accrued liabilities	1,976	1,792	1,802	2,196	2,096	2,000	2,394	2,444	2,267	2,075	2,352	3,287
Current portion of long-term debt	—	—	501	—	—	—	750	—	—	—	0	—
Total current liabilities	4,272	4,430	4,338	5,343	5,350	5,490	6,568	6,708	6,213	5,242	5,937	7,312
Long-term debt	—	—	4,466	—	—	—	3,720	—	—	—	3,722	—
Lease liability, non-current	—	—	223	—	—	—	193	—	—	—	297	—
Total liabilities	10,561	10,258	10,205	11,061	11,032	10,457	11,484	11,707	11,246	10,207	11,059	12,445
Retained earnings	23,347	24,052	24,811	25,630	26,525	27,561	28,989	30,230	31,498	32,998	34,950	37,291
Total stockholders' equity	8,222	8,022	8,539	8,472	8,808	9,511	9,862	10,193	10,145	10,585	12,471	13,908
Total liabilities and equity	18,784	18,280	18,745	19,532	19,840	19,968	21,345	21,900	21,391	20,792	23,530	26,353
Common shares outstanding (cover page)‡ millions of shares	1,311	1,307	1,299	12,867	1,284	1,279	1,266	1,256	1,249	1,251	1,251	1,249

‡ Per-share figures and share counts are adjusted for the 10-for-1 stock split (October 2024); filings made before it reported them unadjusted.
† Share count changed about 10x in the period ending 2024-09-29, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
† Share count changed about 1/10 in the period ending 2024-12-29, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Cash flows

CSV

Fiscal quarters (LRCX's year ends in late June)

In millions of dollars	Q2 FY24Dec 24, 2023	Q3 FY24Mar 31, 2024	Q4 FY24Jun 30, 2024	Q1 FY25†Sep 29, 2024	Q2 FY25†Dec 29, 2024	Q3 FY25Mar 30, 2025	Q4 FY25Jun 29, 2025	Q1 FY26Sep 28, 2025	Q2 FY26Dec 28, 2025	Q3 FY26Mar 29, 2026	Q4 FY26Jun 28, 2026	Q1 FY27Sep 27, 2026
Net income (loss)	954	966	1,020*	1,116	1,191	1,331	1,720*	1,569	1,594	1,825	2,277*	2,753
Stock-based compensation	70	77	79*	80	82	87	94*	97	89	97	104*	115
Net cash from operating activities	1,454*	1,385*	862*	1,568	742*	1,309*	2,554*	1,779	1,480*	1,141*	1,457*	3,498
Net cash from investing activities	(102)*	(92)*	(102)*	(111)	(175)*	(293)*	(129)*	(186)	(258)*	(335)*	(144)*	(267)
Proceeds from issuing common stock	2*	8*	3*	(0)	(0)*	2*	1*	0	4*	9*	4*	4
Share repurchases	645*	981*	374*	997	698*	435*	1,292*	976	1,466*	1,163*	247*	1,025
Dividends paid	264*	263*	261*	261	298*	296*	295*	292	328*	326*	325*	325
Net cash from financing activities	(860)*	(1,236)*	(574)*	(1,259)	(935)*	(1,233)*	(1,510)*	(1,282)	(1,725)*	(2,231)*	(480)*	(1,382)
Net change in cash	499*	48*	177*	221	(395)*	(214)*	945*	304	(516)*	(1,429)*	831*	1,853

† Share count changed about 10x in the period ending 2024-09-29, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
† Share count changed about 1/10 in the period ending 2024-12-29, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Compare with peers

SIC 3559 and related industry codes, similar size; rows marked “added: same SIC” fill a short list. Each row is the latest quarter reported.

How peers are chosen

SIC 3559 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Fewer than three companies fall in that range, so the list adds same-SIC (3559) companies nearest in public float, each marked “added: same SIC”.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Lam Research	7,437	8,219	3,498	1.2B	—	Q1 FY27 10-QSep 27, 2026
Axcelis Technologiesadded: same SIC	191	238	40*	30.9M	—	Q3 FY26 10-QSep 30, 2026
ACM Researchadded: same SIC	885	368	(70)*	not reported	13.2 quarters	Q3 FY26 10-QSep 30, 2026
Veeco Instrumentsadded: same SIC	205	209	58*	61.1M	—	Q3 FY26 10-QSep 30, 2026
Azentaadded: same SIC	190	161	1.4*	43.8M	—	Q3 FY26 10-QJun 30, 2026
Energy Recoveryadded: same SIC	42	11	(9.2)*	50.8M	—	Q3 FY26 10-QSep 30, 2026
Cricutadded: same SIC	175	189	24*	not reported	—	Q3 FY26 10-QSep 30, 2026
Velo3Dadded: same SIC	91	21	(22)*	32.1M	4.2 quarters	Q2 FY26 10-QJun 30, 2026
Amtech Systemsadded: same SIC	83	not reported	1.1*	17.5M	—	Q3 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.

Data on this page was fetched Nov 6, 2026, 10:04 PM ET. The filing on SEC.gov is the record.