Lam Research Corporation (LRCX) — Financial statements
Income statement, balance sheet, and cash flow for Lam Research Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 18,436↑23.7% | 14,905↓14.5% | 17,427↑1.2% | 17,227↑17.8% | 14,626 | |
| Cost of Revenue | 9,457↑20.4% | 7,853↓18.6% | 9,652↑3.2% | 9,355↑19.6% | 7,821 | |
| Gross Profit | 8,979↑27.3% | 7,053↓9.3% | 7,777↓1.2% | 7,872↑15.7% | 6,805 | |
| Operating Expenses | ||||||
| R&D Expenses | 2,096↑10.2% | 1,902↑10.1% | 1,727↑7.7% | 1,604↑7.4% | 1,493 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 982↑13.1% | 868↑4.3% | 833↓6.0% | 886↑6.7% | 830 | |
| Other Expenses | 0.00↓100.0% | 18↓56.9% | 42 | 0.00 | 0.00 | |
| Operating Expenses | 3,078↑10.4% | 2,789↑7.2% | 2,602↑4.5% | 2,490↑7.2% | 2,323 | |
| Total Costs & Expenses | 12,535↑17.8% | 10,641↓13.2% | 12,254↑3.4% | 11,845↑16.8% | 10,144 | |
| Operating Results | ||||||
| Operating Income | 5,901↑38.4% | 4,264↓17.6% | 5,175↓3.8% | 5,382↑20.1% | 4,482 | |
| Depreciation & Amortization | 386↑7.4% | 360↑5.0% | 342↑2.6% | 334↑8.7% | 307 | |
| EBITDA | 6,344↑29.3% | 4,905↓13.0% | 5,638↓1.3% | 5,712↑16.9% | 4,887 | |
| EBIT | 5,958↑31.1% | 4,545↓14.2% | 5,296↓1.5% | 5,378↑17.4% | 4,579 | |
| Interest & Other Income | ||||||
| Net Interest Income | 53↓20.4% | 67↑240.5% | -47↑72.0% | -170↑10.2% | -189 | |
| Interest Income | 231↓8.2% | 252↑81.3% | 139↑813.8% | 15↓22.7% | 20 | |
| Interest Expense | 178↓3.8% | 185↓0.7% | 186↑0.9% | 185↓11.4% | 209 | |
| Non-Operating Income | -57↑79.7% | -282↓133.0% | -121↓3159.3% | 4↑104.1% | -97 | |
| Other Income / Expenses | 57↓40.6% | 96↑246.7% | -66↑65.2% | -189↓69.7% | -111 | |
| Income Before Tax | 5,958↑36.6% | 4,360↓14.7% | 5,109↓1.6% | 5,193↑18.8% | 4,371 | |
| Income Tax Expense | 600↑12.7% | 532↓11.0% | 598↑1.8% | 588↑27.1% | 462 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 5,358↑40.0% | 3,828↓15.1% | 4,511↓2.0% | 4,605↑17.8% | 3,908 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 5,358↑40.0% | 3,828↓15.1% | 4,511↓2.0% | 4,605↑17.8% | 3,908 | |
| Bottom-Line Net Income | 5,358↑40.0% | 3,828↓15.1% | 4,511↓2.0% | 4,605↑17.8% | 3,908 | |
| EPS (Basic) | 4.17↑43.3% | 2.91↓12.6% | 3.33↑1.2% | 3.29↑21.0% | 2.72 | |
| EPS (Diluted) | 4.15↑43.1% | 2.90↓12.7% | 3.32↑1.5% | 3.27↑21.6% | 2.69 | |
| Weighted Average Shares | 1,286↓2.1% | 1,314↓3.0% | 1,355↓3.2% | 1,399↓2.6% | 1,436 | |
| Weighted Average Diluted Shares | 1,290↓2.3% | 1,320↓2.8% | 1,358↓3.4% | 1,406↓3.2% | 1,453 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.