Lam Research Corporation (LRCX)

From the record

Lam Research Corporation's filings since 2017 show 1 warning event: an auditor change (8-K item 4.01, the latest 2025-09-11) (its current reports).

From the record

Lam Research Corporation's 10 filed years say what it did: revenue went from $8.0 billion in fiscal 2017 to $23 billion in fiscal 2026, up 12.5% a year; it rose in 7 of 9 years; the deepest fall was 14% from fiscal 2023 to fiscal 2024; net income was positive in 10 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2026-06-28, Lam Research Corporation's diluted share count shrank about 2.4% a year, and dividends and buybacks returned about 81% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 67 sales (58 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-11-12 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2026-06-28, Lam Research Corporation earned about 58 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 50 cents per dollar of everything the company owns. Leverage: it owed about 47 cents per dollar of assets, and net share issuance: its share count shrank 2.3% over the year (the filed statements).

From the record

Lam Research Corporation's standing among 13 graded names in its industry family: revenue of $23 billion in fiscal 2026 ranks in the top 4% by size; a net margin of 31.3% ranks in the top 4%; revenue growth of 10% a year over the last 3 filed years ranks in the top 35% (its annual reports).

From the record

Lam Research Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Archer, Timothy (President and CEO, as filed), filing under that title since 2018-12-10, 7.9 years (top 29% of its family); the 20 officers and directors filing in the last fifteen months have been on the record a median of 6.2 years (top 37%); 6 officer or director changes were reported on Form 8-K since 2023-11-13, against the 20 people in charge now (top 21%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Lam Research Corporation's room to grow, from the newest filed statements (fiscal 2026): cash of $5.6 billion against debt of $3.7 billion leaves 7.9% of its assets as net cash, bottom 19% of its family; cash from operations less capital spending is 21.1% of revenue (top 19%); a gross margin of 50.5% (top 35%); research spending of 10.2% of revenue (bottom 38%) (its annual report).

From the record

Lam Research Corporation's growth drivers, from the filed years to fiscal 2026: revenue grew 10% a year over the last three filed years against 12.5% over all 10, slowing (top 35% of its family); the newest year grew 26.1% (top 12%); research spending grew 11.2% a year (top 42%); capital spending grew 24.4% a year (top 4%) (its annual reports). Lam Research Corporation reported 2 product lines in fiscal 2026: System at $15 billion (64%), Customer Support and Other at $8.3 billion (36%); 2 of 2 grew against the year before (its annual report).

From the record

Lam Research Corporation's newest year against its own record: revenue of $23 billion in fiscal 2026 came in 22.6% above the $19 billion its prior three years' pace pointed to (top 19% of its family); net income of $7.3 billion against a prior three-year average of $4.6 billion (top 12%); a net margin of 31.3% against 26.9% before (top 4%) (its annual reports).