LAM RESEARCH CORP

10-K & 10-Q Filings

Lam Research Corporation is a Delaware corporation headquartered in Fremont, California. The company is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Lam Research's business strategy focuses on research and development, customer support, and collaboration with semi-ecosystem partners to meet the demands of the semiconductor industry. The company offers a range of products and services, including deposition, etch, clean, and process technologies, for various applications in the semiconductor industry. Its website is www.lamresearch.com, and its ticker symbol is LRCX. Lam Research's business is organized into several segments, including deposition, etch, and clean. The deposition segment includes products and services for depositing dielectric and metal films used in semiconductor devices. The etch segment includes products and services for selectively removing dielectric, metal, silicon, and poly silicon materials to create chip features. The clean segment includes processes and equipment for removing unwanted materials and preparing the wafer surface for subsequent processing. The company's customer base includes leading semiconductor memory, foundry, and integrated device manufacturers. Its products and services are designed to help customers build smaller and better performing devices used in various electronic products such as mobile phones, personal computers, servers, wearables, automotive vehicles, and data storage devices. Lam Research's business strategy includes a focus on research and development, with several ongoing programs relating to sustaining engineering, product and process development, and concept and feasibility. The company also leverages cycles of learning from its broad installed base, collaborates with semi-ecosystem partners, invests in the breadth of its product portfolio to meet technology inflections, and delivers multi-product solutions to enhance the value of Lam's solutions to customers. The company offers advanced packaging solutions for back-end wafer-level packaging, fan-out panel-level packaging, and 3D stacking of high bandwidth memory. Its products are also well-suited for related markets that rely on semiconductor processes and require production-proven manufacturing capability, such as complementary metal-oxide-semiconductor image sensors and micro-electromechanical systems. Lam Research's customer support business group provides products and services to maximize installed equipment performance, predictability, and operational efficiency. The company offers a broad range of services to deliver value throughout the lifecycle of its equipment, including customer service, spares, upgrades, and new and refurbished non-leading edge products. The company's website is www.lamresearch.com, and its ticker symbol is LRCX.

12 mos ending Jun 24, 201212 mos ending Jun 30, 201312 mos ending Jun 29, 201412 mos ending Jun 28, 201512 mos ending Jun 26, 201612 mos ending Jun 25, 201712 mos ending Jun 24, 201812 mos ending Jun 30, 201912 mos ending Jun 28, 202012 mos ending Jun 27, 202112 mos ending Jun 26, 202212 mos ending Jun 25, 20239 mos ending Mar 26, 20239 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$2665.19
3598.92
4607.31
5259.31
5885.89
8013.62
11077.00
9653.56
10044.74
14626.15
17227.04
17428.52
14221.26
11033.88
18.61%-22.41%Cost of Revenue (-)
$1581.98
2195.86
2599.83
2974.98
3266.97
4410.26
5911.97
5295.10
5436.04
7820.84
9355.23
9651.59
7902.46
5821.19
17.87%-26.34%Gross Profit (+)
$1084.07
1403.06
2007.48
2284.34
2618.92
3603.36
5165.03
4358.46
4608.69
6805.31
7871.81
7776.93
6318.80
5212.69
19.62%-17.50%Selling, General & Administrative (-)
$400.05
599.49
613.34
591.61
630.95
667.49
762.22
702.41
682.48
829.88
885.74
832.75
632.92
651.77
6.89%2.98%Research & Development (-)
$444.56
683.69
716.47
825.24
913.71
1033.74
1189.51
1191.32
1252.41
1493.41
1604.25
1727.16
1325.21
1404.62
13.13%5.99%Non-recurring Operating Expenses (-)
$
79.44
Operating Expenses (-)
$845.48
1284.99
1329.81
1496.30
1544.67
1701.23
1951.73
1893.73
1934.89
2323.28
2489.99
2602.07
1998.54
2075.34
10.76%3.84%Costs & Expenses (Total) (-)
$2427.46
3480.84
3929.64
4471.27
4811.64
6111.49
7863.70
7188.83
7370.93
10144.13
11845.22
12253.66
9901.00
7896.53
15.86%-20.25%Operating Income/Loss (+)
$237.73
118.07
677.67
788.04
1074.26
1902.13
3213.30
2464.73
2673.80
4482.02
5381.82
5174.86
4320.26
3137.35
32.32%-27.38%Non-operating Income/Expense (+)
$5.65
-51.41
-37.40
-47.19
-114.14
-90.46
-61.51
-18.16
-98.82
-111.22
-188.71
-65.65
-74.66
68.51
191.77%Interest Expense (-)
$38.96
Earnings before Tax (+)
$204.42
66.66
723.36
740.85
960.12
1811.67
3151.79
2446.57
2574.98
4370.80
5193.11
5109.21
4245.60
3205.87
33.99%-24.49%Tax Expense (-)
$35.70
-47.22
91.07
85.27
46.07
113.91
771.11
255.14
323.23
462.35
587.83
598.28
537.20
398.38
29.21%-25.84%Income/Loss (Continuing Operations) (+)
$168.72
113.88
632.29
655.58
914.05
1697.76
2380.68
2191.43
2251.75
3908.46
4605.29
4510.93
3708.39
2807.49
34.81%-24.29%Net Income/Loss (+)
$168.72
113.88
632.29
655.58
914.05
1697.76
2380.68
2191.43
2251.75
3908.46
4605.29
4510.93
3708.39
2807.49
34.81%-24.29%Net Income/Loss (Common) (+)
$168.72
113.88
632.29
655.58
914.05
1697.76
2380.68
2191.43
2251.75
3908.46
4605.29
4510.93
3708.39
2807.49
34.81%-24.29%EPS (Basic)
$1.36
0.67
3.84
4.11
5.75
10.47
14.73
14.37
15.55
27.22
32.92
33.30
27.28
21.32
33.74%-21.85%EPS (Diluted)
$1.35
0.66
3.62
3.70
5.22
9.24
13.17
13.70
15.10
26.90
32.75
33.21
27.20
21.22
33.80%-21.99%Weighted Avg Shares (Basic)
124.18
168.93
164.74
159.63
158.92
162.22
161.64
152.48
144.81
143.61
139.90
135.47
135.94
131.66
0.79%-3.15%Weighted Avg Shares (Diluted)
125.23
173.43
174.50
177.07
175.16
183.77
180.78
159.91
149.09
145.32
140.63
135.83
136.31
132.28
0.74%-2.96%Cash
$1564.75
1162.47
1452.68
1501.54
5039.32
2377.53
4512.26
3658.22
4915.17
4418.26
3522.00
5337.06
5305.65
5672.23
11.80%6.91%Short-term Investments
$1297.93
1334.74
1612.97
2574.95
Receivables
$765.82
602.62
800.62
1093.58
1262.14
1673.40
2176.94
1455.52
2097.10
3026.43
4313.82
2823.38
3262.14
2203.71
12.59%-32.45%Inventory
$632.85
559.32
740.50
943.35
971.91
1232.92
1876.16
1540.14
1900.02
2689.29
3966.29
4816.19
4881.94
4322.97
20.26%-11.45%Prepaid Expenses (Current)
$105.97
Other Assets (Current)
$47.78
134.67
176.90
157.43
1941.53
3858.65
584.56
1906.53
1941.24
1518.40
483.12
251.79
280.30
289.53
16.31%3.29%Assets (Current)
$4415.11
3793.83
4783.66
6270.85
9214.91
9142.50
9149.91
8560.41
10853.53
11652.39
12285.24
13228.41
13730.03
12488.44
10.49%-9.04%Securities & Long-term Investments
$166.34
166.54
146.49
170.97
250.42
256.20
256.30
255.18
253.91
252.49
251.53
250.32
250.69
3.79%Property, Plant & Equipment (Net)
$584.60
603.91
543.50
621.42
639.61
685.60
902.55
1059.08
1303.48
1647.59
1856.67
1855.12
2181.74
11.08%17.61%Goodwill & Intangibles
$2686.73
2526.54
2360.30
2115.65
1951.20
1796.67
1802.74
1701.55
1652.97
1622.50
1616.96
1790.94
1801.82
1769.00
-3.62%-1.82%Other Assets
$151.88
159.50
159.35
185.76
215.39
241.80
367.98
425.12
1798.63
1061.30
1394.31
1655.30
1605.71
1840.47
24.25%14.62%Assets (Non-current)
$3589.54
3456.49
3209.64
3093.80
3056.62
2980.27
3329.57
3440.92
3705.51
4239.77
4910.40
5553.23
5513.33
5791.21
4.05%5.04%Assets (Total)
$8004.65
7250.31
7993.31
9364.65
12271.53
12122.76
12479.48
12001.33
14559.05
15892.15
17195.63
18781.64
19243.36
18279.65
8.06%-5.01%Accounts Payable
$750.96
664.78
827.81
949.64
1121.11
1434.00
1820.19
1323.20
1865.04
2549.19
2985.48
2481.34
2592.08
2323.29
11.48%-10.37%Debt (Current)
$511.14
514.65
518.27
1359.65
949.49
908.44
610.03
667.13
839.88
11.35
7.38
8.36
8.46
505.07
-31.20%5872.17%Other Liabilities (Current)
$164.83
225.04
235.92
322.07
349.20
607.67
720.09
381.32
457.52
967.33
1571.90
1695.22
1840.80
1601.73
23.60%-12.99%Liabilities (Current)
$1426.93
1404.47
1582.00
2631.36
2419.80
2950.11
3150.31
2371.65
3162.44
3527.87
4564.76
4184.92
4441.33
4430.09
10.28%-0.25%Debt (Non-current)
$761.78
789.26
817.20
1001.38
3383.58
1784.97
1806.56
3822.77
4970.85
4990.33
4998.45
5003.18
4996.92
4478.39
18.66%-10.38%Other Liabilities
$684.16
567.71
564.37
628.76
573.63
570.22
942.57
1083.61
1242.27
1346.76
1354.06
1383.37
1397.72
1349.08
6.61%-3.48%Liabilities (Non-current)
$1445.94
1356.97
1381.57
1630.14
3957.21
2355.20
2749.13
4906.38
6213.12
6337.10
6352.51
6386.55
6394.64
5827.46
14.46%-8.87%Liabilities (Total)
$2872.87
2761.44
2963.57
4261.50
6377.01
5305.31
5899.44
7278.03
9375.56
9864.96
10917.27
10571.47
10835.97
10257.55
12.57%-5.34%Treasury Stock
$2636.94
3539.83
3757.08
4302.85
4429.32
5216.19
7846.48
11602.57
12949.89
15646.70
19481.43
21530.35
20627.83
23984.52
21.03%16.27%Retained Earnings
$2858.81
2972.69
3575.74
4096.85
4820.11
6249.69
8261.19
9930.92
11520.59
14684.91
18454.72
22032.10
21460.12
24051.94
20.40%12.08%AOCI
$-33.82
-28.69
-28.66
-57.80
-69.33
-61.70
-57.45
-64.03
-94.21
-64.13
-109.98
-100.71
-105.09
-127.79
-21.59%Shareholder's Equity
$5131.78
4488.87
5029.73
5103.14
5894.52
6817.45
6501.85
4673.86
5172.49
6027.19
6278.37
8210.17
8407.39
8022.10
4.36%-4.58%Liabilities & Equity
$8004.65
7250.31
7993.31
9364.65
12271.53
12122.76
12479.48
12001.33
14559.05
15892.15
17195.63
18781.64
19243.36
18279.65
8.06%-5.01%Net Income/Loss
$168.72
113.88
632.29
655.58
914.05
1697.76
2380.68
2191.43
2251.75
3908.46
4605.29
4510.93
3708.39
2807.49
34.81%-24.29%Depreciation & Amortization
$127.85
335.67
325.32
315.47
361.55
332.19
340.82
316.62
274.46
307.15
333.74
342.43
252.83
271.34
9.37%7.32%Increase/Decrease in Working Capital
$-66.16
-200.24
292.91
420.86
52.23
310.83
317.19
-491.52
571.88
678.74
1796.23
-158.74
1.55
-620.40
-40126.13%Share-based Compensation
$81.56
99.33
103.70
135.35
142.35
149.97
172.22
187.23
189.20
220.16
259.06
286.60
218.10
213.97
12.10%-1.90%Adjustments to Reconcile Net Income
$330.31
606.05
84.76
129.93
436.23
331.52
275.07
984.58
-125.30
-320.30
-1505.61
668.01
347.82
982.35
6.61%182.43%Net Cash (Operating)
$499.03
719.93
717.05
785.50
1350.28
2029.28
2655.75
3176.01
2126.45
3588.16
3099.67
5178.94
4056.21
3789.84
23.70%-6.57%Capital Expenditure
$-303.35
170.05
19.33
158.19
95.60
156.13
389.17
303.49
203.24
349.10
546.03
621.52
542.85
295.92
-45.49%Net Cash (Investing)
$269.73
-238.64
-265.21
-1106.10
592.48
-2058.61
2748.44
-1637.05
-244.08
73.27
612.27
-534.56
-479.38
-269.00
43.89%Increase/Decrease in Debt
$-5.26
-2.23
-1.66
990.71
1886.65
-1688.31
-396.09
1997.31
1307.11
-862.06
-11.89
-23.21
-21.14
-255.16
-1106.69%Increase/Decrease in Equity
$-745.36
-885.02
-167.14
-506.92
-98.99
-739.10
-2568.37
-3695.84
-1276.13
-2575.82
-3751.80
-1896.00
-1095.33
-2403.42
-119.42%Interest Expenses
$8.25
26.64
26.49
26.39
58.81
104.62
84.40
76.93
171.89
203.93
175.53
174.75
32.00%Dividends Paid
$
116.06
190.40
243.50
307.61
678.35
656.84
726.99
815.29
907.91
675.57
757.45
12.12%Net Cash (Financing)
$-692.75
-887.79
-162.74
378.47
1595.74
-2632.39
-3272.06
-2390.08
-623.93
-4166.98
-4578.94
-2830.67
-1792.68
-3421.70
-90.87%Cash Taxes Paid
$29.11
7.70
18.16
114.51
39.74
28.10
142.80
300.27
222.91
518.57
807.67
809.75
35.30%Effect of Exchange Rate
$-3.39
4.21
1.10
-9.02
-0.72
-0.06
2.59
-4.04
-2.75
7.21
-30.23
0.13
-1.35
-12.76
-845.74%Increase/Decrease in Cash
$72.62
-402.28
290.20
48.86
3537.78
-2661.79
2134.72
-855.16
1255.69
-498.33
-897.22
1813.84
1782.80
86.38
33.98%-95.15%Cash (Beginning)
$1492.13
1564.75
1162.47
1452.68
1501.54
5039.32
2377.53
4768.56
3913.40
5169.08
4670.75
3773.53
3773.53
5587.37
8.80%48.07%Cash (Ending)
$1564.75
1162.47
1452.68
1501.54
5039.32
2377.53
4512.26
3913.40
5169.08
4670.75
3773.53
5587.37
5556.34
5673.75
12.27%2.11%NOPAT
$203.88
201.71
660.66
666.23
1029.79
1872.62
3067.71
2162.24
2442.34
3950.26
4544.80
4354.71
3773.61
2747.49
32.09%-27.19%Gross Margin %
40.68%
38.99%
43.57%
43.43%
44.49%
44.97%
46.63%
45.15%
45.88%
46.53%
45.69%
44.62%
44.43%
47.24%
Operating Margin %
8.92%
3.28%
14.71%
14.98%
18.25%
23.74%
29.01%
25.53%
26.62%
30.64%
31.24%
29.69%
30.38%
28.43%
NOPAT Margin %
7.65%
5.60%
14.34%
12.67%
17.50%
23.37%
27.69%
22.40%
24.31%
27.01%
26.38%
24.99%
26.53%
24.90%
Net Margin %
6.33%
3.16%
13.72%
12.47%
15.53%
21.19%
21.49%
22.70%
22.42%
26.72%
26.73%
25.88%
26.08%
25.44%
Tax Rate %
14.24%
-70.84%
2.51%
15.46%
4.14%
1.55%
4.53%
12.27%
8.66%
11.86%
15.55%
15.85%
12.65%
12.43%
ROA
2.55%
2.78%
8.27%
7.11%
8.39%
15.45%
24.58%
18.02%
16.78%
24.86%
26.43%
23.19%
19.61%
15.03%
ROE
3.97%
4.49%
13.14%
13.06%
17.47%
27.47%
47.18%
46.26%
47.22%
65.54%
72.39%
53.04%
44.88%
34.25%
ROIC
4.84%
5.21%
16.68%
15.90%
25.01%
42.06%
53.95%
41.52%
53.55%
55.86%
47.86%
44.89%
38.86%
32.49%
Asset Turnover
0.33
0.50
0.58
0.56
0.48
0.66
0.89
0.80
0.69
0.92
1.00
0.93
0.74
0.60
Inventory Turnover
2.50
3.93
3.51
3.15
3.36
3.58
3.15
3.44
2.86
2.91
2.36
2.00
1.62
1.35
Equity Multiplier
1.56
1.62
1.59
1.84
2.08
1.78
1.92
2.57
2.81
2.64
2.74
2.29
2.29
2.28
Current Ratio
3.09
2.70
3.02
2.38
3.81
3.10
2.90
3.61
3.43
3.30
2.69
3.16
3.09
2.82
Quick Ratio
2.54
2.21
2.44
1.96
2.60
1.37
2.12
2.16
2.22
2.11
1.72
1.95
1.93
1.78
Debt/Equity Ratio
0.25
0.29
0.27
0.46
0.74
0.40
0.37
0.96
1.12
0.83
0.80
0.61
0.60
0.62
Interest Coverage Ratio
28.83
4.43
25.58
29.86
18.27
18.18
38.07
32.04
15.56
21.98
30.66
29.61
Working Capital/Sales
0.35
0.21
0.23
0.28
0.26
0.25
0.27
0.25
0.29
0.28
0.36
0.35
0.43
0.41
R&D/Sales
0.17
0.19
0.16
0.16
0.16
0.13
0.11
0.12
0.12
0.10
0.09
0.10
0.09
0.13
Dividend Payout Ratio %
17.42%
18.49%
13.00%
10.03%
31.37%
26.89%
18.40%
17.94%
20.85%
17.90%
27.57%
Total Payout
$758.87
913.89
195.29
-341.34
-1538.44
2775.52
3356.47
2453.81
797.74
4368.80
4754.51
3001.86
1792.05
3416.03
13.32%90.62%Payout Ratio %
372.22%
453.06%
29.56%
-51.23%
-149.39%
148.22%
109.41%
113.48%
32.66%
110.60%
104.61%
68.93%
47.49%
124.33%