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Companies / Information Technology
LRCX

Lam Research

Semiconductor Materials & Equipment

Semiconductor Materials & EquipmentAnalysis in progress
In progress

We are decoding this company's strategy and relationships

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Business at a glance

Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work

Operating health87
Growth84
Profitability93
Cash generation69
Balance sheet97
Dilution control92
Key ratios and five-year financials
Latest quarter revenue YoY (2026-09-27)54.4%Revenue growth (FY)26.0%Revenue CAGR (3y)10.1%Gross margin50.5%Operating margin35.3%Net margin31.3%Free cash flow margin21.1%R&D / revenue10.2%Stock comp / revenue1.7%Net debt / operating cash flow-0.32xCurrent ratio2.63Diluted share count change-2.3%
Fiscal year endingFY 2022-06FY 2023-06FY 2024-06FY 2025-06FY 2026-06
Revenue$17.2B$17.4B$14.9B$18.4B$23.2B
Gross profit$7.9B$7.8B$7.1B$9.0B$11.7B
Operating income$5.4B$5.2B$4.3B$5.9B$8.2B
Net income$4.6B$4.5B$3.8B$5.4B$7.3B
Operating cash flow$3.1B$5.2B$4.7B$6.2B$5.9B
Capital expenditure$546M$502M$397M$759M$966M
Free cash flow$2.6B$4.7B$4.3B$5.4B$4.9B
R&D$1.6B$1.7B$1.9B$2.1B$2.4B
Stock-based comp$259M$287M$293M$343M$386M
Buybacks$3.9B$2.0B$2.8B$3.4B$3.9B
Dividends$815M$908M$1.0B$1.1B$1.3B
Cash$3.5B$5.3B$5.8B$6.4B$5.6B
Total debt$5.0B$5.0B$5.5B$5.2B$3.7B
Equity$6.3B$8.2B$8.5B$9.9B$12.5B

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