LAM RESEARCH CORPORATION

LRCX · CIK 0000707549

17 fiscal years · 63 SEC filings · every number carries its receipt

Revenue (FY)

$18.44B23.7%

FY2025

Net income (FY)

$5.36B40.0%

FY2025

Free cash flow (FY)

$5.41B27.2%

FY2025

Diluted EPS (FY)

$4.1543.1%

FY2025

The story, charted

The shape of the business

FY2009–FY2025 · hover any year for its receipt

Revenue & net incomeRevenueNet income

revenue 16.5× since FY2009 · net margin -27.1% → 29.1%

MarginsNet marginFCF margin

FY2025: net 29.1% · free cash flow 29.4% of revenue

Cash engineOperating cash flowFree cash flow

FY2025: $6.17B operating cash − $759.2M capex = $5.41B free cash flow

Returns on capitalReturn on equityReturn on assets

return on equity 20% (FY2010) → 54% (FY2025) · on assets 25.1%

Balance sheetLiabilitiesEquity

FY2025: $21.35B assets · $11.48B liabilities · $9.86B equity

The receipts

Financial statements

Annual Quarterly (as reported)

USD in millions except per-share and share counts. Every value links to the filing it came from — hover for the us-gaap tag, click for the 10-K/10-Q on sec.gov.

USD millions	Q3 2026	Q2 2026	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023
Revenue	5,841	5,345	5,324	4,720	4,376	4,168	3,794	3,758	3,482	3,870	5,278	5,074
Net income	1,825	1,594	1,569	1,331	1,191	1,116	966	954	887	814	1,469	1,426
Diluted EPS	1.45	1.26	1.24	1.03	0.92	0.86	0.73	0.72	0.67	6.01	10.77	10.39
Diluted shares	1,257	1,262	1,269	1,288	1,291	1,304	1,315	1,322	1,332	135	136	137
Operating cash flow	—	—	1,779	—	—	1,568	—	—	951	—	—	1,190
Capital expenditures	—	—	185	—	—	111	—	—	77	—	—	140
Free cash flow	—	—	1,594	—	—	1,458	—	—	874	—	—	1,050
Cash & equivalents	4,751	6,180	6,693	5,451	5,665	6,067	5,672	5,623	5,126	5,306	4,485	4,256
Total assets	20,792	21,391	21,900	19,968	19,840	19,532	18,280	18,784	18,538	19,243	19,206	18,721
Total liabilities	10,207	11,246	11,707	10,457	11,032	11,061	10,258	10,561	10,491	10,836	10,902	11,309
Shareholders' equity	10,585	10,145	10,193	9,511	8,808	8,472	8,022	8,222	8,047	8,407	8,305	7,413

Figures as reported in SEC filings, normalized by stonks with the tag mapping shown on hover; missing tags render as “—”, never as zero. Free cash flow is derived (operating cash flow − capex) with both parents recorded in its lineage. Quarterly view shows as-reported 10-Q periods; Q4 synthesis ships in Phase 1. See methodology.