Lam Research Corporation
LRCXNASDAQ
$226.29
Last price · USD
- Market cap
- $285.4B
- P/E
- 39.3x
- EV / EBITDA
- 32.6x
- P/S
- 12.3x
- FCF yield
- 1.7%
- Div. yield
- 0.45%
Multiples use last price and FY2026 annual figures. Market cap estimated from diluted shares.
Lam Research Corporation balance sheet
Annual · USD millions except per-share data · 44 lines
| Fiscal year | 2026 | 2025 | 2024 | 2023 | 2022 | CAGR | |
|---|---|---|---|---|---|---|---|
| Current assets | |||||||
| Cash & cash equivalents | 5,579 | 6,391 | 5,848 | 5,337 | 3,522 | +12.2% | |
| Short-term investments | 0 | 0 | 0 | 38 | 136 | — | |
| Cash & short-term investments | 5,579 | 6,391 | 5,848 | 5,375 | 3,658 | +11.1% | |
| Net receivables | 5,340 | 3,378 | 2,519 | 2,823 | 4,314 | +5.5% | |
| Accounts receivable | 5,340 | 3,378 | 2,519 | 2,823 | 4,314 | +5.5% | |
| Inventory | 4,276 | 4,308 | 4,218 | 4,816 | 3,966 | +1.9% | |
| Prepaids | 416 | 0 | 0 | 252 | 347 | +4.6% | |
| Other current assets | 0 | 440 | 298 | (38) | 0 | — | |
| Total current assets | 15,611 | 14,517 | 12,883 | 13,228 | 12,285 | +6.2% | |
| Non-current assets | |||||||
| Property, plant & equipment (net) | 2,956 | 2,429 | 2,155 | 1,857 | 1,648 | +15.7% | |
| Goodwill | 1,627 | 1,626 | 1,627 | 1,622 | 1,515 | +1.8% | |
| Intangible assets | 269 | 182 | 139 | 168 | 102 | +27.5% | |
| Goodwill & intangible assets | 1,896 | 1,809 | 1,765 | 1,791 | 1,617 | +4.1% | |
| Long-term investments | 19 | 17 | 3 | 0 | 0 | — | |
| Other non-current assets | 3,048 | 2,574 | 1,939 | 1,906 | 1,646 | +16.7% | |
| Total non-current assets | 7,919 | 6,828 | 5,862 | 5,553 | 4,910 | +12.7% | |
| Total assets | 23,530 | 21,345 | 18,745 | 18,782 | 17,196 | +8.2% | |
| Current liabilities | |||||||
| Accounts payable | 1,302 | 854 | 614 | 471 | 1,011 | +6.5% | |
| Other payables | 589 | 833 | 448 | 692 | 671 | -3.2% | |
| Total payables | 1,891 | 1,688 | 1,062 | 1,163 | 1,682 | +3.0% | |
| Short-term debt | 94 | 750 | 501 | 0 | 0 | — | |
| Capital lease obligations (current) | 0 | 83 | 3 | 8 | 7 | — | |
| Tax payables | 0 | 0 | 187 | 885 | 466 | — | |
| Deferred revenue | 2,279 | 2,566 | 1,418 | 1,695 | 1,572 | +9.7% | |
| Other current liabilities | 977 | 1,482 | 1,354 | 1,319 | 1,303 | -6.9% | |
| Total current liabilities | 5,937 | 6,568 | 4,338 | 4,185 | 4,565 | +6.8% | |
| Non-current liabilities | |||||||
| Long-term debt | 3,722 | 3,720 | 4,466 | 4,965 | 4,962 | -6.9% | |
| Capital lease obligations (non-current) | 305 | 204 | 12 | 38 | 36 | +70.6% | |
| Other non-current liabilities | 1,094 | 992 | 1,388 | 1,383 | 1,354 | -5.2% | |
| Total non-current liabilities | 5,122 | 4,915 | 5,867 | 6,387 | 6,353 | -5.2% | |
| Capital lease obligations | 305 | 287 | 16 | 46 | 43 | +62.9% | |
| Total debt | 4,122 | 4,757 | 4,983 | 5,012 | 5,006 | -4.7% | |
| Total liabilities | 11,059 | 11,484 | 10,205 | 10,571 | 10,917 | +0.3% | |
| Stockholders' equity | |||||||
| Common stock | 1 | 1 | 0 | 0 | 0 | +73.8% | |
| Retained earnings | 34,950 | 28,989 | 24,811 | 22,032 | 18,455 | +17.3% | |
| Additional paid-in capital | 9,244 | 8,697 | 8,225 | 7,809 | 7,415 | +5.7% | |
| Treasury stock | (31,598) | (27,763) | (24,367) | (21,530) | (19,481) | — | |
| Accumulated other comprehensive income (loss) | (127) | (62) | (130) | (101) | (110) | — | |
| Total stockholders' equity | 12,471 | 9,862 | 8,539 | 8,210 | 6,278 | +18.7% | |
| Total equity | 12,471 | 9,862 | 8,539 | 8,210 | 6,278 | +18.7% | |
| Total liabilities & equity | 23,530 | 21,345 | 18,745 | 18,782 | 17,196 | +8.2% | |
| Additional fields | |||||||
| Accrued Expenses | 695 | 0 | 0 | 0 | 0 | — | |
| Net Debt | (1,458) | (1,634) | (865) | (326) | 1,484 | — | |
| Total Investments | 19 | 17 | 3 | 38 | 136 | -39.0% | |