LRCX · 10-K · 2026A · Full report

Outstanding Indebtedness

LAM RESEARCH CORP · 2026-08-07 · Importance 61 · Surprise 58

Lam Research paid $755.4 million of debt principal and debt issuance costs in fiscal 2026. The company used available cash to settle $750.0 million principal value of 2026 Senior Notes at maturity in March 2026. Interest expense declined $21.3 million, or 12.0%, to $156.9 million, primarily because those Senior Notes matured. In March 2026, the company increased commercial paper capacity from $1.50 billion to $2.00 billion and had no commercial paper borrowings outstanding at June 28, 2026.

Key facts

• As of June 28, 2026, the company had no outstanding borrowings under the commercial paper program (CP Program) after increasing capacity from $1.50 billion to $2.00 billion in March 2026 source
• In March 2026, $750.0 million principal value of our 2026 Senior Notes were settled upon maturity using available cash on hand source