LRCX · 10-K · 2026A · Full report

OECD Global Minimum Tax

LAM RESEARCH CORP · 2026-08-07 · Importance 84 · Surprise 100

The OECD’s Base Erosion and Profit Shifting 2.0 Global Minimum Tax was fully effective for Lam Research in fiscal 2026. The Company determined that it met transitional safe-harbor requirements in most jurisdictions, with limited jurisdictions subject to GMT. The effective tax rate increased to 12.1% from 10.1%, and income-tax expense increased 66.2% to $997.1 million; management concluded that the incremental GMT impact itself was not material.

Key facts

• The OECD Global Minimum Tax (GMT / BEPS 2.0) was fully effective for the company in fiscal year 2026 and the company assessed GMT and concluded the impact was not material; met transitional safe harbor requirements in most jurisdictions with limited jurisdictions subject to GMT source