Lam Research Corporation (LRCX)

Nasdaq: LRCX · Special Industry Machinery, NEC · Fremont, CA · filing with the SEC since 1994

Grade6.9

◀ Past 6.1● Present 7.5▶ Future 6.8

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in June.

Income statement, by fiscal year, newest first
Fiscal year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Jun 28, 2026	Jun 29, 2025	Jun 30, 2024	Jun 25, 2023	Jun 26, 2022	Jun 27, 2021	Jun 28, 2020	Jun 30, 2019	Jun 24, 2018	Jun 25, 2017
Report filed	Aug 7, 2026	Aug 11, 2025	Aug 29, 2024	Aug 15, 2023	Aug 24, 2022	Aug 17, 2021	Aug 18, 2020	Aug 20, 2019	Aug 14, 2018	Aug 15, 2017
Revenue	23,232,690	18,435,591	14,905,386	17,428,516	17,227,039	14,626,150	10,044,736	9,653,559	11,076,998	8,013,620
Cost of revenue	11,507,382	9,456,532	7,852,595	9,651,591	9,355,232	7,820,844	5,436,043	5,295,100	5,911,966	4,410,261
Gross profit	11,725,308	8,979,059	7,052,791	7,776,925	7,871,807	6,805,306	4,608,693	4,358,459	5,165,032	3,603,359
Research and development	2,375,873	2,096,387	1,902,444	1,727,162	1,604,248	1,493,408	1,252,412	1,191,320	1,189,514	1,033,742
Selling, general and administrative	1,149,640	981,704	868,247	832,753	885,737	829,875	682,479	702,407	762,219	667,485
Total operating expenses	3,525,513	3,078,091	2,788,878	2,602,065	2,489,985	2,323,283	1,934,891	1,893,727	1,951,733	1,701,227
Operating income	8,199,795	5,900,968	4,263,913	5,174,860	5,381,822	4,482,023	2,673,802	2,464,732	3,213,299	1,902,132
Interest expense	155,903	177,219	183,035	181,911	181,701	205,010	176,432	110,161	91,353	115,726
Interest and investment income	196,189	231,331	251,938	138,984	15,209	19,687	85,433	98,771	85,813	57,858
Other income (expense), net	62,678	57,161	96,309	-65,650	-188,708	-111,219	-98,824	-18,161	-61,510	-90,459
Income before income taxes	8,262,473	5,958,129	4,360,222	5,109,210	5,193,114	4,370,804	2,574,978	2,446,571	3,151,789	1,811,673
Income tax expense	997,077	599,912	532,450	598,279	587,828	462,346	323,225	255,141	771,108	113,910
Net income	7,265,396	5,358,217	3,827,772	4,510,931	4,605,286	3,908,458	2,251,753	2,191,430	2,380,681	1,697,763
Earnings per share, basic	5.79	4.17	2.91^r	3.33^r	3.292^b	2.722^b	1.555^b	1.437^b	1.473^b	1.047^b
Earnings per share, diluted	5.76	4.15	2.90^r	3.32^r	3.275^b	2.69^b	1.51^b	1.37^b	1.317^b	0.924^b
Weighted average shares, basic	1,255,079	1,286,101	1,314,102^r	1,354,715^r	1,398,990^b	1,436,090^b	1,448,140^b	1,524,780^b	1,616,430^b	1,622,220^b
Weighted average shares, diluted	1,261,102	1,290,142	1,319,949^r	1,358,336^r	1,406,280^b	1,453,200^b	1,490,900^b	1,599,150^b	1,807,820^b	1,837,700^b

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 10-for-1 split of Oct 2024.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it sold

us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
us-gaap:SalesRevenueNet

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfGoodsAndServicesSold

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense

Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing costus-gaap:InterestExpenseDebt

Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeInterest

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Income before income taxes profit before tax

us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton LRCX · research, not advice