Lam Research › Financials
Lam Research financials
LRCXTen years from Lam Research’s own SEC filings. Fiscal years end in June.
Income statement
| Jun 2017fiscal year | Jun 2018fiscal year | Jun 2019fiscal year | Jun 2020fiscal year | Jun 2021fiscal year | Jun 2022fiscal year | Jun 2023fiscal year | Jun 2024fiscal year | Jun 2025fiscal year | Jun 2026fiscal year | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.01B | $11.08B | $9.65B | $10.04B | $14.63B | $17.23B | $17.43B | $14.91B | $18.44B | $23.23B |
| Gross profit | $3.60B | $5.17B | $4.36B | $4.61B | $6.81B | $7.87B | $7.78B | $7.05B | $8.98B | $11.73B |
| Operating income | $1.90B | $3.21B | $2.46B | $2.67B | $4.48B | $5.38B | $5.17B | $4.26B | $5.90B | $8.20B |
| Net income | $1.70B | $2.38B | $2.19B | $2.25B | $3.91B | $4.61B | $4.51B | $3.83B | $5.36B | $7.27B |
| Earnings per share, diluted | $0.92 | $1.32 | $1.37 | $1.51 | $2.69 | $3.27 | $3.32 | $2.90 | $4.15 | $5.76 |
Balance sheet
| Jun 2017fiscal year | Jun 2018fiscal year | Jun 2019fiscal year | Jun 2020fiscal year | Jun 2021fiscal year | Jun 2022fiscal year | Jun 2023fiscal year | Jun 2024fiscal year | Jun 2025fiscal year | Jun 2026fiscal year | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.38B | $4.51B | $3.66B | $4.92B | $4.42B | $3.52B | $5.34B | $5.85B | $6.39B | $5.58B |
| Total assets | $12.12B | $12.48B | $12.00B | $14.56B | $15.89B | $17.20B | $18.78B | $18.74B | $21.35B | $23.53B |
| Debt | $2.69B | $2.37B | $4.43B | $5.80B | $4.96B | $4.96B | $4.97B | $4.97B | $4.47B | $3.72B |
| Total liabilities | $5.14B | $5.90B | $7.28B | $9.38B | $9.86B | $10.92B | $10.57B | $10.21B | $11.48B | $11.06B |
| Shareholders' equity | $6.82B | $6.50B | $4.67B | $5.17B | $6.03B | $6.28B | $8.21B | $8.54B | $9.86B | $12.47B |
Cash flow
| Jun 2017fiscal year | Jun 2018fiscal year | Jun 2019fiscal year | Jun 2020fiscal year | Jun 2021fiscal year | Jun 2022fiscal year | Jun 2023fiscal year | Jun 2024fiscal year | Jun 2025fiscal year | Jun 2026fiscal year | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.03B | $2.66B | $3.18B | $2.13B | $3.59B | $3.10B | $5.18B | $4.65B | $6.17B | $5.86B |
| Capital spending | $157.4M | $273.5M | $303.5M | $203.2M | $349.1M | $546.0M | $501.6M | $396.7M | $759.2M | $966.4M |
| Free cash flow | $1.87B | $2.38B | $2.87B | $1.92B | $3.24B | $2.55B | $4.68B | $4.26B | $5.41B | $4.89B |
| Buybacks | $811.7M | $2.65B | $3.78B | $1.37B | $2.70B | $3.87B | $2.02B | $2.84B | $3.42B | $3.85B |
| Dividends | $243.5M | $307.6M | $678.3M | $656.8M | $727.0M | $815.3M | $907.9M | $1.02B | $1.15B | $1.27B |
| Returned to shareholders | $1.06B | $2.96B | $4.46B | $2.03B | $3.42B | $4.68B | $2.92B | $3.86B | $4.57B | $5.12B |
| Stock-based pay | $150.0M | $172.2M | $187.2M | $189.2M | $220.2M | $259.1M | $286.6M | $293.1M | $343.4M | $386.4M |
Where these numbers come from
Every column links to the filing it comes from on EDGAR. Last 12 months adds the latest year to date to the last 10-K and takes away the same months a year earlier. Debt is long-term debt including the part due within a year. A dash means the company did not report that line in a form we can read, never a zero. Market cap uses the latest closing price and the share count from the cover of the latest filing. How we count
Lam Research financials, answered
What is Lam Research's market cap?
$330.27B at $263.94 a share, with 1,251,321,000 shares outstanding as of Aug 4, 2026, from the cover of its latest SEC filing.
How much does Lam Research earn?
Revenue of $23.23B and net income of $7.27B in the fiscal 2026.
How much debt does Lam Research have?
Lam Research reported $3.72B of debt and $5.58B of cash and equivalents on its balance sheet in Jun 2026.
Does Lam Research make free cash flow?
Yes. Operating cash flow minus capital spending was $4.89B in the fiscal 2026.
How much cash does Lam Research return to shareholders?
$5.12B in buybacks and dividends in fiscal 2026, from the cash flow statement.