Lam Research Corporation (LRCX) Financial Statements

Lam Research Corporation

LRCX · Nasdaq

	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Total Revenue	$23.23B	$18.44B	$14.91B	$17.43B	$17.23B	$14.63B	$10.04B	$9.65B
Cost of Revenue	$11.51B	$9.46B	$7.85B	$9.65B	$9.36B	$7.82B	$5.44B	$5.30B
Gross Profit	$11.73B	$8.98B	$7.05B	$7.78B	$7.87B	$6.81B	$4.61B	$4.36B
Research & Development	$2.38B	$2.10B	$1.90B	$1.73B	$1.60B	$1.49B	$1.25B	$1.19B
Selling, General & Administrative	$1.15B	$981.70M	$868.25M	$832.75M	$885.74M	$829.88M	$682.48M	$702.41M
Operating Expenses	$3.53B	$3.08B	$2.79B	$2.60B	$2.49B	$2.32B	$1.93B	$1.89B
Operating Income	$8.20B	$5.90B	$4.26B	$5.17B	$5.38B	$4.48B	$2.67B	$2.46B
Interest Expense	$155.90M	$177.22M	$183.03M	$186.46M	$184.76M	$208.60M	$177.44M	$117.26M
Other Income / (Expense)	$62.68M	$57.16M	$96.31M	-$65.65M	-$188.71M	-$111.22M	-$98.82M	-$18.16M
Income Before Taxes	$8.26B	$5.96B	$4.36B	$5.11B	$5.19B	$4.37B	$2.57B	$2.45B
Provision for Income Taxes	$997.08M	$599.91M	$532.45M	$598.28M	$587.83M	$462.35M	$323.23M	$255.14M
Net Income	$7.27B	$5.36B	$3.83B	$4.51B	$4.61B	$3.91B	$2.25B	$2.19B
Basic EPS	$5.79	$4.17	$2.91	$3.33	$32.92	$27.22	$15.55	$14.37
Diluted EPS	$5.76	$4.15	$2.90	$3.32	$32.75	$26.90	$15.10	$13.70
Basic Shares Outstanding	1.26B	1.29B	1.31B	1.35B	139.90M	143.61M	144.81M	152.48M
Diluted Shares Outstanding	1.26B	1.29B	1.32B	1.36B	140.63M	145.32M	149.09M	159.91M

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Jun 2027	$9.33	$8.44	$10.00	14	↑1 ↓0
Jun 2028	$11.35	$9.74	$12.39	9	↑0 ↓0
Jun 2029	$13.52	$11.49	$14.70	4	↑0 ↓0
Jun 2030	$15.45	$14.10	$16.80	2	↑0 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: LRCX
Type: Stock
Sector: Technology
Industry: Special Industry Machinery, NEC
Exchange: Nasdaq

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Lam's equipment and services allow customers to build smaller and better performing devices. In fact, today, nearly every advanced chip is built with Lam technology. We combine superior systems engineering, technology leadership, and a strong values-based culture, with an unwavering commitment to our customers. Lam Research is a FORTUNE 500 company headquartered in Fremont, California, with operations around the globe.

Key Issues

Bullish view

Lam's FY2026 revenue rose to $23.2 billion from $18.4 billion, while net income increased to $7.3 billion from $5.4 billion. Supporters argue that this growth and the company's profitability can justify the positive analyst consensus and targets above the current price.

Bearish view

GuruFocus describes LRCX as 87.1% overvalued on its GF Value measure, and the sharp September 14 decline highlights valuation sensitivity. Skeptics argue that strong historical growth is already reflected in the share price.

Analyst Consensus

See all

Buy

26 analysts

$273

Current

—

Low

$378

Average

—

High

Average target implies +38.03% versus the current price.

Earnings History

BeatMissNo estimate

Lam Research Corporation

Analyst Estimates

Peers