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STRONG
BUY
0
BUY 23
HOLD 11
SELL 0
STRONG
SELL
0
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue
Revenue 18,435.6 14,905.4 17,428.5 17,227.0 14,626.1 10,044.7 9,653.6 11,077.0 8,013.6 5,885.9
Cost of Revenue 9,456.5 7,765.8 9,651.6 9,355.2 7,820.8 5,436.0 5,295.1 5,912.0 4,410.3 3,267.0
Gross Profit 8,979.1 7,139.5 7,776.9 7,871.8 6,805.3 4,608.7 4,358.5 5,165.0 3,603.4 2,618.9
Operating Expenses
R&D Expenses 2,096.4 1,902.4 1,727.2 1,604.2 1,493.4 1,252.4 1,191.3 1,189.5 1,033.7 913.7
SG&A Expenses 981.7 868.2 832.8 885.7 829.9 682.5 702.4 762.2 667.5 631.0
Other Expenses 0.0 0.0 0.0 0.0 0.0 0.0 (18.2) 0.0 0.0 0.0
Operating Expenses 3,078.1 2,770.7 2,559.9 2,490.0 2,323.3 1,934.9 1,893.7 1,951.7 1,701.2 1,544.7
Operating Income
Operating Income 5,901.0 4,368.9 5,174.9 5,381.8 4,482.0 2,673.8 2,464.7 3,213.3 1,902.1 1,074.3
Interest Expense 178.2 185.2 186.5 184.8 208.6 177.4 117.3 97.4 117.7 134.8
Interest Income 231.3 251.9 139.0 15.2 19.7 85.4 98.8 85.8 57.9 29.5
Profitability
EBITDA 6,522.6 4,905.2 4,685.2 5,637.6 4,789.2 2,942.3 2,942.3 2,774.0 3,539.7 2,218.8
EBIT 6,136.3 4,545.5 4,545.5 5,295.7 5,377.9 4,579.4 2,752.4 2,563.8 3,249.2 1,929.4
Income Before Tax 5,958.1 4,360.2 5,109.2 5,193.1 4,370.8 2,575.0 2,446.6 3,151.8 1,811.7 960.1
Income Tax Expense 599.9 532.5 598.3 587.8 462.3 323.2 255.1 771.1 113.9 46.1
Net Income 5,358.2 3,827.8 4,510.9 4,605.3 3,908.5 2,251.8 2,191.4 2,380.7 1,697.8 914.0
Per Share Data
EPS (Basic) 0.07 0.05 0.06 0.06 0.05 0.03 0.03 0.02 0.02 0.01
EPS (Diluted) 0.07 0.05 0.06 0.06 0.05 0.03 0.02 0.02 0.02 0.01
Shares Outstanding 72,021.7 72,932.6 75,187.0 76,775.1 79,703.0 80,371.8 84,625.3 100,324.8 90,033.2 88,200.0
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Current Assets
Cash & Cash Equivalents 6,390.7 5,847.9 5,337.1 3,522.0 4,418.3 4,915.2 3,658.2 4,512.3 2,377.5 5,039.3
Short-Term Investments 0.0 0.0 37.6 135.7 1,310.9 1,795.1 1,773.0 437.3 3,663.6 1,788.6
Net Receivables 3,378.1 2,519.2 2,823.4 4,313.8 4,313.8 3,026.4 2,097.1 1,455.5 2,176.9 1,673.4
Inventory 4,308.0 4,217.9 4,816.2 3,966.3 2,689.3 1,900.0 1,540.1 1,876.2 1,232.9 971.9
Other Current Assets 440.3 0.0 (84.0) (1,583.7) (632.8) 0.0 0.0 0.0 188.7 0.0
Total Current Assets 14,517.0 12,883.2 13,228.4 12,285.2 11,652.4 10,853.5 8,560.4 9,149.9 9,142.5 9,214.9
Non-Current Assets
Property, Plant & Equipment 2,428.7 2,154.5 1,856.7 1,647.6 1,303.5 1,071.5 1,059.1 902.5 685.6 639.6
Goodwill 1,626.5 1,626.5 1,622.5 1,515.1 1,490.1 1,484.4 1,484.6 1,484.9 1,385.7 1,386.3
Intangible Assets 182.2 138.5 168.5 101.8 132.4 168.5 216.9 317.8 411.0 564.9
Long-Term Investments 0.0 0.0 26.2 472.0 348.7 326.3 256.7 256.3 256.2 250.4
Other Non-Current Assets 2,590.8 1,941.9 1,905.6 1,645.8 1,313.8 981.0 680.3 624.3 498.0 465.8
Total Non-Current Assets 6,828.3 5,861.5 5,553.2 4,910.4 4,239.8 3,705.5 3,440.9 3,329.6 2,980.3 3,056.6
Total Assets 21,345.3 18,744.7 18,781.6 17,195.6 15,892.2 14,559.0 12,001.3 12,479.5 12,122.8 12,271.5
Current Liabilities
Account Payables 854.2 614.0 614.0 470.7 1,011.2 829.7 592.4 376.6 511.0 464.6
Short-Term Debt 749.7 501.3 501.3 0.4 0.0 0.0 836.1 610.0 908.4 949.5
Deferred Revenue 2,565.5 1,417.8 (1,011.2) 1,571.9 967.3 457.5 381.3 720.1 607.7 349.2
Other Current Liabilities 1,561.0 837.6 2,549.4 1,698.6 1,974.1 2,088.6 1,278.3 1,049.0 1,224.4 1,088.6
Total Current Liabilities 6,568.4 4,338.4 4,184.9 4,564.8 3,527.9 3,162.4 2,371.7 3,150.3 2,950.1 2,419.8
Non-Current Liabilities
Long-Term Debt 3,719.7 4,466.0 4,466.0 4,964.9 4,962.5 4,960.9 4,959.4 1,806.6 1,806.6 3,383.6
Deferred Tax Liabilities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Other Non-Current Liabilities 1,185.0 1,388.3 1,908.0 1,349.3 1,174.0 1,228.4 1,242.3 887.5 378.8 366.1
Total Non-Current Liabilities 4,915.2 5,866.8 6,386.6 6,352.5 6,337.1 6,213.1 4,906.4 2,749.1 2,185.3 3,749.7
Total Liabilities 11,483.6 10,205.3 10,571.5 10,917.3 9,865.0 9,375.6 7,278.0 5,899.4 5,135.5 6,169.5
Stockholders' Equity
Common Stock 1.3 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2
Retained Earnings 28,988.9 24,811.3 22,032.1 18,454.7 14,684.9 11,520.6 9,930.9 8,261.2 6,249.7 4,820.1
Accumulated Other Comprehensive Income (62.4) (130.4) (100.7) (110.0) (64.1) (94.2) (64.0) (57.4) (61.7) (69.3)
Total Stockholders' Equity 9,861.6 8,539.5 8,210.2 6,278.4 6,027.2 5,183.5 4,723.3 6,580.0 6,987.3 6,102.1
Total Liabilities & Equity 21,345.3 18,744.7 18,781.6 17,195.6 15,892.2 14,559.0 12,001.3 12,479.5 12,122.8 12,271.5
Debt Metrics
Total Debt 4,484.5 4,983.3 5,011.5 5,005.8 5,001.7 5,810.7 4,489.9 2,416.6 2,693.4 4,333.1
Net Debt (1,906.2) (864.5) (325.5) 1,483.8 583.4 895.6 831.7 (2,095.7) 315.9 (706.2)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Operating Activities
Net Income 5,358.2 3,827.8 4,510.9 4,605.3 3,908.5 2,251.8 2,191.4 2,380.7 1,697.8 914.0
Depreciation & Amortization 386.3 359.7 342.4 333.7 307.2 268.5 309.3 326.4 306.9 291.0
Stock-Based Compensation 343.4 293.1 286.6 259.1 220.2 189.2 187.2 172.2 150.0 142.3
Change in Working Capital 441.8 360.5 158.7 (1,796.2) (678.7) (571.9) 491.5 (317.2) (310.8) (52.2)
Other Non-Cash Items 6.8 10.2 52.3 (44.8) (17.4) 6.6 1.5 90.6 80.5 104.1
Operating Cash Flow 6,173.3 4,652.3 5,178.9 3,099.7 3,588.2 2,126.5 3,176.0 2,655.7 2,029.3 1,350.3
Investing Activities
Capital Expenditure (759.2) (396.7) (501.6) (546.0) (349.1) (203.2) (303.5) (273.5) (157.4) (175.3)
Acquisitions 0.0 0.0 (120.0) 0.0 349.1 203.2 303.5 (115.7) 157.4 175.3
Purchases of Investments 0.0 0.0 (98.1) (567.8) (3,389.4) (2,897.6) (1,326.2) (2,532.8) (1,883.9) (875.0)
Sales/Maturities of Investments 0.0 37.8 98.1 1,733.7 3,853.9 2,882.6 1,603.8 3,152.9 2,698.0 798.8
Other Investing Activities 51.1 (11.7) 87.0 (7.6) (391.3) (229.1) (1,914.7) 2,517.5 (2,872.7) 668.7
Investing Cash Flow (708.1) (370.6) (534.6) 612.3 73.3 (244.1) (1,637.1) 2,748.4 (2,058.6) 592.5
Financing Activities
Net Debt Issuance (507.5) (256.1) (256.1) (23.2) (11.9) (862.1) 1,307.1 1,997.3 (396.1) (1,688.3)
Stock Repurchased (3,422.3) (2,842.8) (2,842.8) (2,017.0) (3,865.7) (2,697.7) (1,369.6) (3,780.6) (2,653.2) (811.7)
Dividends Paid (1,149.5) (1,018.9) (907.9) (815.3) (727.0) (656.8) (678.3) (307.6) (243.5) (190.4)
Other Financing Activities 140.3 106.4 (912.5) 106.3 108.2 95.7 87.4 64.8 (232.0) 98.2
Financing Cash Flow (4,936.6) (3,995.8) (2,830.7) (4,578.9) (4,167.0) (623.9) (2,390.1) (3,272.1) (2,632.4) 1,595.7
Cash Position
Net Change in Cash 556.9 263.4 1,813.8 (897.2) (498.3) 1,255.7 (855.2) 2,134.7 (2,661.8) 3,537.8
Cash at Beginning 5,850.8 5,587.4 3,773.5 4,670.8 5,169.1 3,913.4 4,768.6 2,377.5 5,039.3 1,501.5
Cash at End 6,407.7 5,850.8 5,587.4 3,773.5 4,670.8 5,169.1 3,913.4 4,512.3 2,377.5 5,039.3
Free Cash Flow 5,414.1 4,255.6 4,677.4 2,553.6 3,239.1 1,923.2 2,872.5 2,382.3 1,871.9 1,174.9
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Income Statement
Revenue 18,435.6 14,905.4 17,428.5 17,227.0 14,626.1 10,044.7 9,653.6 11,077.0 8,013.6 5,885.9
Gross Profit 8,979.1 7,139.5 7,776.9 7,871.8 6,805.3 4,608.7 4,358.5 5,165.0 3,603.4 2,618.9
Operating Income 5,901.0 4,368.9 5,174.9 5,381.8 4,482.0 2,673.8 2,464.7 3,213.3 1,902.1 1,074.3
Net Income 5,358.2 3,827.8 4,510.9 4,605.3 3,908.5 2,251.8 2,191.4 2,380.7 1,697.8 914.0
EPS (Diluted) 0.07 0.05 0.06 0.06 0.05 0.03 0.02 0.02 0.02 0.01
Balance Sheet
Cash & Equivalents 6,390.7 5,847.9 5,337.1 3,522.0 4,418.3 4,915.2 3,658.2 4,512.3 2,377.5 5,039.3
Total Assets 21,345.3 18,744.7 18,781.6 17,195.6 15,892.2 14,559.0 12,001.3 12,479.5 12,122.8 12,271.5
Total Debt 4,484.5 4,983.3 5,011.5 5,005.8 5,001.7 5,810.7 4,489.9 2,416.6 2,693.4 4,333.1
Stockholders' Equity 9,861.6 8,539.5 8,210.2 6,278.4 6,027.2 5,183.5 4,723.3 6,580.0 6,987.3 6,102.1
Cash Flow
Operating Cash Flow 6,173.3 4,652.3 5,178.9 3,099.7 3,588.2 2,126.5 3,176.0 2,655.7 2,029.3 1,350.3
Capital Expenditure (759.2) (396.7) (501.6) (546.0) (349.1) (203.2) (303.5) (273.5) (157.4) (175.3)
Free Cash Flow 5,414.1 4,255.6 4,677.4 2,553.6 3,239.1 1,923.2 2,872.5 2,382.3 1,871.9 1,174.9