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Lam Research Corp (LRCX) operating KPIs

LRCXNasdaqSpecial Industry Machinery, NECFiscal year ends June 27
Financials through Q4 FY2026, quarter ended Jun 28, 2026Last filing: 10-Q on Oct 22, 2026Score 21/3065% above fair value
$239.11−15.28 (-6.01%)

Close on Oct 30, 2026Market cap $299.20BP/E 41.5Yield 0.43%

KPIs

Operating metrics that drive Lam Research's business · fiscal year ends Last Sunday of June (52- or 53-week fiscal year)

The chart is empty. Tick the box next to any metric in the table below to plot it — tick several to compare them on one chart.

Lam Research's fiscal year ends Last Sunday of June (52- or 53-week fiscal year) — Q2 FY27 = Oct–Dec 2026.

Column labels
Add to chartMetric
Q2 FY27
2026-12-27
Q1 FY27
2026-09-27
Q4 FY26
2026-06-28
Q3 FY26
2026-03-29
Q2 FY26
2025-12-27
Q1 FY26
2025-09-27
Q4 FY25
2025-06-28
Q3 FY25
2025-03-29
Q2 FY25
2024-12-27
Q1 FY25
2024-09-27
Q4 FY24
2024-06-28
Q3 FY24
2024-03-29
Next-quarter revenue guidance (midpoint)($M)9
8,6008,1006,6005,7005,2005,2005,0004,6504,3004,0503,8003,700
Next-quarter revenue guidance range (+/-)($M)
400400400300300300300300300300300300
Next-quarter Non-GAAP gross margin guidance (midpoint)(%)
52.5%52.0%50.5%49.0%48.5%50.0%49.5%48.0%47.0%47.0%47.5%48.0%
Next-quarter GAAP gross margin guidance (midpoint)(%)
52.5%52.0%50.5%49.0%48.4%49.9%49.4%47.9%46.9%46.9%46.7%47.2%
Next-quarter Non-GAAP operating income % of revenue guidance (midpoint)(%)
40.5%39.5%36.5%34.0%33.0%34.0%33.5%32.0%30.0%29.5%29.5%29.5%
Next-quarter GAAP operating income % of revenue guidance (midpoint)(%)
40.5%39.5%36.5%33.9%32.9%33.9%33.4%31.9%29.9%29.4%28.3%28.1%
Next-quarter Non-GAAP diluted EPS guidance (midpoint)($)
2.332.151.651.351.151.201.2010.8787.507.25
Next-quarter GAAP diluted EPS guidance (midpoint)($)
2.332.151.651.351.151.201.2010.877.977.206.90
Next-quarter diluted EPS guidance range (+/-)($)
0.150.150.150.100.100.100.100.100.100.750.750.75
Next-quarter diluted share count guidance
1,253.001,255.001,255.001,260.001,260.001,270.001,280.001,290.001,290.00131.00131.00132.00
Remaining performance obligations (RPO) — total contracted backlog (>1 yr original duration)($M)3
2,6612,4342,2212,2502,7692,6812,0112,0322,0471,5521,746
RPO expected to be recognized within 1 year($M)
2,0271,7981,5091,5472,1872,1501,5461,6221,5761,1521,371
RPO expected to be recognized in 1 to 3 years($M)
540461603598516449385330410354333
RPO expected to be recognized beyond 3 years($M)
94.417510910566.481.780.579.761.245.841.1
Deferred revenue & profit — current balance sheet liability($M)4
2,4292,2792,0912,1652,6462,5661,8821,9281,9371,4181,602
Deferred revenue at quarter-end (per earnings release balance sheet commentary, excl. Japan shipments)($M)
2,6602,4302,2202,2502,7702,6812,0112,0322,0471,5521,746
Unaccepted shipments to customers in Japan (inventory at customer fabs awaiting acceptance, valued at future revenue)($M)
46849043422613134258745318498107
Revenue recognized from beginning contract liability balance($M)
901420498997180312371303
Share of beginning contract liability expected to be recognized within 12 months(%)
37.0%16.0%19.0%37.0%12.0%20.0%24.0%16.0%
Operating lease liabilities — total balance sheet obligation($M)6
387272288
Operating lease right-of-use (ROU) assets($M)
397287308
Operating lease liabilities — current portion($M)
90.478.764.4
Operating lease liabilities — non-current portion($M)
297193223
Total undiscounted operating lease payments($M)6
442301318
Weighted-average operating lease discount rate(%)
4.2%3.8%3.5%
Standby letters of credit & bank guarantees outstanding($M)
290275242239230219206204211208171
Total revenue (Systems + Customer Support Business Group)($M)2
8,2196,7225,8425,3455,3245,1714,7204,3764,1683,8723,794
Systems revenue (leading-edge Etch, Deposition & Clean wafer fabrication systems)($M)
5,7334,2503,7313,3583,5483,4383,0352,6262,3932,1702,396
Customer support-related revenue and other (CSBG: spares, service, upgrades & Reliant® specialty systems)($M)
2,4872,4722,1111,9871,7771,7341,6851,7501,7751,7021,398
Systems revenue share — Memory (Total DRAM + Non-Volatile Memory / NAND)(%)2
46.0%46.0%39.0%34.0%34.0%43.0%50.0%35.0%36.0%44.0%
Systems revenue share — Non-Volatile Memory (NVM / 3D NAND)(%)
26.0%23.0%12.0%11.0%18.0%24.0%11.0%17.0%21.0%
Systems revenue share — DRAM (including High-Bandwidth Memory / HBM & TSV)(%)
20.0%23.0%27.0%23.0%16.0%26.0%24.0%19.0%23.0%
Systems revenue share — Foundry(%)
46.0%44.0%54.0%59.0%60.0%48.0%35.0%41.0%43.0%44.0%
Systems revenue share — Logic and other integrated device manufacturers (IDM)(%)
8.0%10.0%7.0%7.0%6.0%9.0%15.0%24.0%21.0%12.0%
Reportable segment cost of goods sold — total($M)4
3,7673,1242,8362,6002,5532,5272,3592,2402,094
Segment cost of goods sold — installation and warranty expense($M)
234200164140142160135124125
Segment cost of goods sold — other direct manufacturing, materials & service costs($M)
3,5332,9252,6722,4602,4112,3672,2242,1161,969
Unallocated cost of goods sold (deferred compensation, restructuring & reconciling items)($M)
1541209593.486.85547.26371.7
Reportable segment gross profit($M)
4,4533,5983,0062,7452,7722,6452,3612,1362,074
Product warranty reserve — ending balance (total)($M)5
342290255248258266266255250250255
Product warranty reserve — current portion (in accrued expenses)($M)
321270242235244249246232227228231
Product warranty reserve — non-current portion (in other long-term liabilities)($M)
21.519.713.4
Warranties issued during period (provision for new system shipments)($M)
12510077.367.765.664.47069.162.754.143.5
Warranty settlements and utilizations during period($M)
57.158.86463.564.551.750.946.34541.645.9
Net adjustments related to pre-existing warranties($M)
-15-6.40-6.10-14.3-8.70-13.1-8.10-18.4-17.8-16.8-3.80
Total inventories($M)4
4,5514,2764,0004,0384,0954,3084,4634,3584,2104,2184,323
Inventories — Raw materials and purchased subassemblies($M)
2,8372,5512,5062,5702,5822,6622,7592,8222,8382,9213,020
Inventories — Work-in-process (WIP)($M)
432450388352316283308357338284291
Inventories — Finished goods (including unaccepted systems at Japanese customer fabs)($M)
1,2811,2751,1061,1151,1971,3631,3971,1791,0341,0131,012
Non-cash transfers of inventory to property, plant and equipment (evaluation/R&D tools)($M)
37.141.925.535.422.916.315.825.8331617.4
Inventory turns (annualized)
3.403.002.902.702.602.102.101.901.80
Days sales outstanding (DSO, in days)(days)1
6372645969645957
Allowance for credit losses on accounts receivable($M)
8.408.108.307.706.506.505.905.705.605.305.30
Gross property, plant and equipment($M)8
5,6605,4215,2295,0174,5753,991
Gross PP&E — Manufacturing, engineering and lab machinery, equipment & tooling($M)
2,6492,5602,4692,4032,2191,957
Gross PP&E — Buildings and leasehold improvements($M)
2,4192,2892,2092,1441,9151,606
Gross PP&E — Land($M)
269265262184166164
Gross PP&E — Computer equipment and software($M)
202192188186182179
Gross PP&E — Furniture and fixtures($M)
12311510110092.785.6
Less: Accumulated depreciation and amortization($M)
2,5832,4852,3962,3282,1701,861
Property, plant and equipment, net($M)
3,1262,9572,8542,7112,5112,4292,3722,3142,2142,1552,182
Accrued capital expenditures (unpaid PP&E additions in accounts payable/accrued liabilities)($M)
14212084.714395.780.887.382.252.260.845.1
Long-lived assets by region — United States (Fremont, Livermore, Tualatin, Sherwood)($M)6
2,0031,7171,582
Long-lived assets — Southeast Asia (Batu Kawan, Malaysia manufacturing hub & Singapore)($M)
652451391
Long-lived assets — Korea (Osan manufacturing & Yongin Korea Technology Center)($M)
346300262
Long-lived assets — Europe (Villach, Austria wet clean manufacturing & R&D)($M)
153135115
Long-lived assets — Taiwan (Hsinchu refurbishment & training center)($M)
17796.598.3
Long-lived assets — Japan($M)
16.58.607.90
Long-lived assets — China($M)
6.508.606.40
Total revenue by geographic region ($M)($M)7
8,2196,7225,8425,3455,3245,1714,7204,3764,1683,8723,794
Revenue — China ($M)($M)
2,8861,7221,9971,8592,2831,8371,4671,3431,5581,5071,607
Revenue — Korea ($M)($M)
1,6341,3161,3531,0617761,1251,1511,090762697917
Revenue — Taiwan ($M)($M)
1,4821,8091,3171,0691,0279661,126738615595335
Revenue — Japan ($M)($M)
722623471548529741475363301283340
Revenue — United States ($M)($M)
663614355255305286190413488376227
Revenue — Southeast Asia ($M)($M)
532322208414302127178287245299190
Revenue — Europe ($M)($M)
30131614114010289.9134141198115177
Regional revenue share — China (%)(%)6
35.0%26.0%34.0%35.0%43.0%35.0%31.0%31.0%37.0%39.0%42.0%
Regional revenue share — Korea (%)(%)
20.0%20.0%23.0%20.0%15.0%22.0%24.0%25.0%18.0%18.0%24.0%
Regional revenue share — Taiwan (%)(%)
18.0%27.0%23.0%20.0%19.0%19.0%24.0%17.0%15.0%15.0%9.0%
Regional revenue share — Japan (%)(%)
9.0%9.0%8.0%10.0%10.0%14.0%10.0%8.0%7.0%7.0%9.0%
Regional revenue share — United States (%)(%)
8.0%9.0%6.0%5.0%6.0%6.0%4.0%9.0%12.0%10.0%6.0%
Regional revenue share — Southeast Asia (%)(%)
6.0%5.0%4.0%8.0%5.0%2.0%4.0%7.0%6.0%8.0%5.0%
Regional revenue share — Europe (%)(%)
4.0%4.0%2.0%2.0%2.0%2.0%3.0%3.0%5.0%3.0%5.0%
Share repurchase program — remaining board authorization($M)5
3,0324,0434,2895,0856,5277,5178,8249,1719,82110,8251,207
Share repurchases under board authorization (cost)($M)
1,0112467961,4429901,3073476501,004382860
Shares repurchased under board authorization
2.340.813.529.399.6915.764.458.3411.950.530.83
Average repurchase price per share (excluding ASR settlements)($)
329325211154106
Treasury stock shares held
1,712.501,710.101,710.701,705.701,697.301,687.601,673.001,667.501,660.201,648.20164.40
Treasury stock carrying value (at cost)($M)
32,62031,59831,34830,20428,76027,76326,45626,02425,37524,36623,985
Unrecognized stock-based compensation cost — RSUs / market-based PRSU awards4
Unvested RSUs and PRSUs outstanding
5.938.969.23
Unvested RSUs weighted-average grant-date fair value per share($)
12574.0965.59
Stock options outstanding
0.921.280.14
Stock options outstanding weighted-average exercise price($)
60.4857.53541
Malaysia tax holiday incentive — annual tax savings ($M)1
GAAP effective income tax rate(%)
16.9%9.3%13.2%15.6%13.4%11.7%13.7%11.7%
Cash equivalents — Money market funds (Level 1 fair value)($M)3
3,2702,0152,1611,9822,5783,1512,4421,9902,5272,5442,278
Cash equivalents — Time deposits (Level 2 fair value)($M)
2,1291,4939142,0482,0341,5771,6291,7051,7611,7361,701
Cash — Demand deposit bank balances($M)
2,0382,0711,6762,1502,0811,6621,3801,9701,7801,5681,694
Restricted cash and investments($M)
13.518.815.915.218.81712.3124.602.901.50
FX forward contracts notional — Balance sheet hedges (Receive USD / Sell foreign currency)($M)3
576122238
FX forward contracts notional — Balance sheet hedges (Buy foreign currency)($M)
360281367
FX forward contracts notional — Cash flow hedges (Buy foreign currency)($M)
615447307
FX forward contracts notional — Cash flow hedges (Sell foreign currency)($M)
439324137
Applied Materials (AMAT) — Total revenue (U.S. WFE peer benchmark)($M)3
9,1157,9107,0126,8007,3027,1007,1667,0456,7786,646
Applied Materials (AMAT) — Operating income($M)
3,0752,5231,8311,7122,2332,1692,1752,0461,9421,912
Applied Materials (AMAT) — R&D expense($M)
1,1001,027928917901893859858836785
Applied Materials (AMAT) — Capital expenditures($M)
707635646785584510381407297257
KLA Corporation (KLAC) — Total revenue (U.S. WFE peer benchmark, identical June fiscal year)($M)3
3,6583,4153,2973,2103,1753,0633,0772,8422,5692,360
KLA Corporation (KLAC) — R&D expense($M)
399389384361353338346323326322
KLA Corporation (KLAC) — Capital expenditures($M)
89.385.210695.910082.192.360.460.771.8
KLA Corporation (KLAC) — Remaining performance obligations (RPO)($M)
7,8608,9109,14010,0409,8309,900
Micron Technology (MU) — Capital expenditures (major DRAM / HBM / NAND customer)($M)3
11,1107,8266,3875,3895,6582,9384,0553,2063,1202,0861,384
Micron Technology (MU) — Total revenue($M)
54,22941,45623,86013,64311,3159,3018,0538,7097,7506,8115,824
Micron Technology (MU) — Operating income($M)
43,75133,31816,1356,1363,6542,1691,7732,1741,522719191
Micron Technology (MU) — R&D expense($M)
1,9131,3161,2501,1711,047965898888903850832
Intel Corporation (INTC) — Capital expenditures (major logic / foundry customer)($M)3
2,5563,6363,4882,4253,5505,1835,8346,4585,6825,970
Intel Corporation (INTC) — Total revenue($M)
16,12813,57713,67413,65312,85912,66714,26013,28412,83312,724
Intel Corporation (INTC) — Operating income($M)
1,796-3,136580683-3,176-301412-9,057-1,964-1,069
Intel Corporation (INTC) — R&D expense($M)
3,3683,3753,2193,2313,6843,6403,8764,0494,2394,382
Global regular employee headcount
24,30022,40020,60019,70019,40019,00018,60018,30017,70017,20017,200
Revenue (GAAP)($M)5
8,2196,7225,8425,3455,3245,1714,7204,3764,1683,8723,794
Cost of goods sold (GAAP)($M)
3,9213,2442,9312,6942,6392,5822,4072,3032,1652,0311,993
Gross margin / profit (GAAP)($M)2
4,2993,4792,9112,6512,6852,5902,3142,0732,0031,8401,801
Non-GAAP gross margin ($M)($M)
4,3053,4972,9132,6582,6942,6012,3122,0772,0091,8761,848
Non-GAAP gross margin (% of revenue)(%)
52.4%52.0%49.9%49.7%50.6%50.3%49.0%47.5%48.2%48.5%48.7%
Total operating expenses (GAAP)($M)3
1,015965864841856849752739739714743
Research and development (R&D) expense (GAAP)($M)
666643583573576580526495495498512
Selling, general and administrative (SG&A) expense (GAAP)($M)
349322280268279268226244243217216
Non-GAAP operating expenses ($M)($M)
1,004916866828832822763735722689698
Operating income (GAAP)($M)2
3,2842,5142,0471,8101,8291,7411,5621,3341,2641,1271,057
Non-GAAP operating income ($M)($M)
3,3012,5812,0471,8311,8621,7791,5491,3431,2871,1871,150
Non-GAAP operating margin (% of revenue)(%)
40.2%38.4%35.0%34.3%35.0%34.4%32.8%30.7%30.9%30.7%30.3%
Net income (GAAP)($M)8
2,7532,2771,8261,5941,5691,7201,3311,1911,1161,020966
Non-GAAP net income ($M)($M)
2,7682,2801,8511,5981,6051,6981,3361,1751,1221,0671,024
Diluted EPS (GAAP, split-adjusted)($)
2.191.451.261.241.030.920.860.73
Non-GAAP diluted EPS ($/share)($)
2.201.821.471.271.261.331.040.918.608.147.79
Basic EPS (GAAP, split-adjusted)($)
2.201.461.271.241.040.930.860.74
Weighted-average diluted shares (GAAP)
1,255.801,257.301,261.701,269.301,288.101,291.501,304.101,315.20
Non-GAAP diluted shares
1,255.801,256.001,257.301,261.701,269.301,276.901,288.101,291.50130.40131.10131.50
Weighted-average basic shares (GAAP)
1,250.901,249.701,254.901,264.501,283.801,287.101,299.201,308.40
Dividends declared per common share($)
0.330.260.260.260.260.230.230.230.230.200.20
Operating cash flow (net cash provided by operating activities)($M)5
3,4981,4571,1411,4801,7792,5541,3097421,5698621,385
Capital expenditures (payments to acquire PP&E)($M)
258189332261185172288188111101104
Depreciation and amortization (total)($M)
12212011610410298.497.396.294.388.489.9
Stock-based compensation expense($M)1
11510496.688.597.294.387.1828079.176.9
Tax benefit from stock-based compensation($M)
-13.714.810.610.6-5.4024.6
Cash paid for share repurchases (including net share settlement)($M)
1,0252471,1631,4669761,292435698997374981
Cash dividends paid to stockholders($M)
325325326328292295296298261262263
Total assets($M)8
26,35323,53020,79221,39121,90021,34519,96819,84019,53318,74518,280
Cash and cash equivalents($M)
7,4375,5794,7516,1806,6936,3915,4515,6656,0685,8485,672
Cash, cash equivalents and restricted cash (total)($M)
7,4515,5984,7676,1966,7126,4085,4635,6776,0725,8515,674
Accounts receivable, net($M)
5,6585,3404,1333,4923,6333,3783,2283,3052,9372,5192,204
Accounts payable($M)
1,5921,3031,0721,027863854853822704614532
Long-term debt, less current maturities($M)
3,7323,7313,7303,7303,7303,7303,7304,4784,4794,4794,478
Current portion of long-term debt and finance leases($M)
3.504.104.10754754754754504505505505
Total stockholders' equity($M)
13,90912,47110,58510,14510,1939,8629,5118,8088,4728,5408,022
Common shares outstanding (period-end)
1,249.101,251.301,250.501,251.201,259.201,268.701,283.001,285.001,292.001,303.80130.70

13 metrics have no data in the last 12 quarters — .

Italic numbers are calculated by StockData from reported figures (hover for the formula). Numbers with a dotted underline are read from the text of earnings releases and presentations; hover to see the exact sentence. Tick a row to add it to the chart above (up to 8 lines).

Methodology and excluded metrics
  • Fiscal calendar: Lam Research operates on a 52- or 53-week fiscal year ending on the last Sunday of June (Q1 ≈ Jul–Sep, Q2 ≈ Oct–Dec, Q3 ≈ Jan–Mar, Q4 ≈ Apr–Jun). Latest reported company period: Q1 FY2027 (ended September 27, 2026, filed on Form 10-Q on October 22, 2026) and Full-Year FY2026 (ended June 28, 2026, filed on Form 10-K on August 25, 2026).
  • Forward column (Q2 FY27): Column Q2 FY27 holds Lam Research's next-quarter Business Outlook issued in the Q1 FY27 Form 8-K on October 21, 2026 ($8,600M ± $400M revenue, 52.5% ± 1.0% GAAP & Non-GAAP gross margin, 40.5% ± 1.0% GAAP & Non-GAAP operating margin, $2.33 ± $0.15 GAAP & Non-GAAP diluted EPS on 1,253M diluted shares).
  • Systems End-Market Mix & Installed Base: Systems revenue is disaggregated every quarter into Memory (further split into 3D NAND / Non-Volatile Memory and DRAM on earnings calls), Foundry, and Logic/Other, while Customer Support Business Group (CSBG) monetizes an active installed base that reached 102,600 process chambers in FY2025.
  • 10-for-1 Stock Split (October 2, 2024): Historical share counts, RSU/option activity, and per-share figures in SEC XBRL and DB reflect retrospective adjustment for the 10-for-1 stock split effective October 2, 2024.
  • Bound & qualitative disclosures excluded from numeric cells per Step 4 rules and recorded here: Active patents count ('more than 10,700 active patents worldwide' as of FY2026 10-K; 'more than 9,700' in FY2025; 'more than 8,200' in FY2024) and long-term CSBG chamber target ('exceeding 100,000 chambers' prior to the exact 102,600 chamber disclosure in the 2025 Impact Frameworks Report).
  • Parent-only financial statement evaluation: Lam Research reports under U.S. GAAP with no standalone parent-company financial statements (Schedule I is not required), so consolidated − parent subtraction does not apply.
  • Strict Step 4 compliance: Every cell displays a figure directly published by Lam Research or an authoritative external source (MOPS Taiwan, SEC XBRL peer filings), plus the two permitted period splits (Q4 = FY − 9M and quarterly cash flow = YTD − prior YTD, shown in italics with formula).

Data updated 2026-10-25.

Every KPI on its own page

Full history, chart, sources and a citation for each metric

Forward Guidance, RPO Backlog, Deferred Revenue & Purchase Commitments

Systems vs. CSBG Revenue, Wafer Fab End-Market Mix, Installed Base & Warranty

Inventories by Stage, Working Capital Velocity, PP&E Breakdown & Long-Lived Assets

Geographic Revenue Breakdown ($M & %), Historical Shipments & Customer Concentration

Capital Return, Equity Compensation, Malaysia Tax Holiday & FX Hedges

External Industry Benchmarks — Taiwan MOPS Monthly Revenue & U.S. WFE Peers / Fab Customers

Workforce, Responsible Supply Chain (Form SD 3TG) & Environmental Sustainability (ESG)

Consolidated Financial Context (GAAP & Non-GAAP)