LRCX · 10-K · 2026A · Full report

FX / Currency Headwinds

LAM RESEARCH CORP · 2026-08-07 · Importance 23 · Surprise 22

Foreign exchange losses increased 13.9% year over year to $30.1 million in fiscal 2026 from $26.4 million. The losses primarily reflected currency movements against portions of Lam Research’s unhedged balance-sheet exposures. Although the dollar amount was below the stated materiality threshold, the year-over-year change exceeded 10%.

Key facts

• Foreign exchange losses, net were $(30,082) (in thousands) in fiscal year 2026 versus $(26,412) (in thousands) in fiscal year 2025, change of $(3,670) (13.9%) source
• Foreign exchange fluctuations were primarily due to currency movements against portions of our unhedged balance sheet exposures source