Read from its own SEC filings · nothing written, nothing inferred

Lam Research $LRCX

🫧 Edgar looked up LAM RESEARCH CORPORATION ($LRCX). Last filing: DEF 14A, 2026-09-24. 7 event filings (8-K) in the past twelve months. Auditor change (8-K Item 4.01) filed 2025-09-11.

🔖 Exposure: revenue $23.2B (FY2026), total debt $3.7B. Experience: revenue up 26.0% on the year, up 7.8% a year over 4 years; operating margin 35.3%, up from 32.0%. Soundness: equity 53.0% of assets, return on equity 58.3%, payout 17.5% of profit, dividend per share up 3 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $22.1B and $31.6B next year (method v4.1: its own 5-year record of growth weighed at 57% against $10B+ filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $18.9B to $36.4B. A range, not a forecast. Against peers (11 filers, $50M+ revenue, its industry group): operating margin 35.3% against a 14.2% median; growth 26.0% against 2.3%.

LAM RESEARCH CORPORATION against its own record and its peers
Operating marginPeer median 14.2%35.3%Revenue, on the yearPeer median 2.3%26.0%Equity of assetsPeer median 57.5%53.0%Return on equityPeer median 10.4%58.3%Payout of profit17.5%Gold tick: the median of 9–9 peers with $50M+ revenue in special industry machinery, nec
Handed back now, or kept to compound
Of each dollar of profit17.5% paid out82.5% keptHanded back per share$1.04up 3 years runningGrowth its own profit can fund48.1%retained x return on equityRevenue growth it managed26.0%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

The figures, as filed

Fiscal year end2026-06-28
Revenue$23.2B
Revenue, on the year26.0%
Revenue, a year over the record7.8%
Operating margin35.3%
Operating margin, prior year32.0%
Net margin31.3%
Research and development$2.4B · 10.2% of revenue
Free cash flow—
Cash$5.6B
Total debt$3.7B
Equity of assets53.0%
Return on equity58.3%
Payout of profit17.5%
Dividend per share$1.04 · up 3 years running
Earnings per share$5.79
Book value per share$9.89
Revenue per share$18.42
Shares outstanding1,261,102,000
Audited years read5

Peers: the median of 11 filers with $50M+ revenue in special industry machinery, nec.

Recent filings

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company

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