LRCX · 10-K · 2026A

LAM RESEARCH CORP

Filed 2026-08-07 · Industrials · View original filing on EDGAR

Ranked Events

• OECD Global Minimum TaxImportance 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,…
• Income Tax Rate ChangesImportance 84 · Surprise 100
  Income tax expense increased $397.2 million, or 66.2%, to $997.1 million in fiscal 2026 from $599.9 million in fiscal 2025. The effective tax rate increased 200 basis points to 12.1% from 10.1%. The increase primarily…
• Manufacturing CapacityImportance 72 · Surprise 74
  Lam increased capital spending to support laboratory investments in the United States and manufacturing-facility growth globally. The capacity investments are intended to sustain the company’s ability to supply…
• Capital Expenditure OutlookImportance 66 · Surprise 74
  Lam Research used $966.4 million for capital expenditures in fiscal 2026. Net cash used in investing activities increased $214.1 million year over year to $922.2 million, primarily due to higher capital expenditures…
• Capital ExpendituresImportance 66 · Surprise 74
  Capital expenditures increased to $966.4 million in fiscal 2026 from approximately $708.1 million of investing cash use in fiscal 2025. Net cash used in investing activities increased $214.1 million to $922.2 million…
• Gross Margin DriversImportance 64 · Surprise 56
  Fiscal 2026 gross margin increased $2.746 billion, or 30.6%, to $11.725 billion from $8.979 billion in fiscal 2025. Gross margin as a percentage of revenue increased 180 basis points to 50.5% from 48.7%. The margin…
• Outstanding IndebtednessImportance 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.…
• R&D Investment in AIImportance 60 · Surprise 40
  Lam Research stated that artificial-intelligence-related electronic-system demand is driving semiconductor manufacturers toward 3D architectures, advanced patterning, new materials, and advanced integration. The…
• Revenue Performance and MixImportance 59 · Surprise 48
  Fiscal 2026 revenue increased 26.0% to $23.233 billion from $18.436 billion in fiscal 2025, driven by strong semiconductor equipment demand, particularly from foundry customers, and higher customer support-related…
• Operating Expense TrendsImportance 49 · Surprise 22
  Total operating expenses increased $447.4 million, or 14.5%, to $3.526 billion in fiscal 2026 from $3.078 billion in fiscal 2025. Research and development expense increased $279.5 million, or 13.3%, to $2.376 billion,…
• Capital Return ProgramImportance 47 · Surprise 22
  Lam Research repurchased $3.85 billion of common stock in fiscal 2026, including net share settlement of employee stock-based compensation, compared with $3.42 billion in fiscal 2025. Dividends paid increased to $1.27…
• Liquidity and Cash PositionImportance 47 · Surprise 22
  Cash, cash equivalents, and restricted cash declined to approximately $5.60 billion at June 28, 2026, from $6.41 billion at June 29, 2025. Fiscal 2026 operating cash flow was $5.858 billion, compared with $6.173…
• Trade Policy and TariffsImportance 37 · Surprise 42
  Lam Research reported that semiconductor-industry volatility from trade restrictions and tariffs negatively affected, and may continue to negatively affect, revenue and operating margin. Aluminum and steel…
• FX / Currency HeadwindsImportance 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…
• Interest Rate EnvironmentImportance 23 · Surprise 22
  Interest income declined 15.2% to $196.2 million in fiscal 2026 from $231.3 million in fiscal 2025. Management attributed the decline primarily to lower interest rates and slightly lower average invested cash balances.…
• Products and TechnologyImportance 23 · Surprise 24
  Lam supplies wafer fabrication equipment and services spanning deposition, etch, clean, and related process-control technologies for semiconductor manufacturers producing NVM, DRAM, and logic devices. Customers are…
• Market Demand TrendsImportance 23 · Surprise 24
  Demand for electronic systems supporting artificial intelligence, cloud infrastructure, communications, automotive, industrial, and other intelligent systems is increasing semiconductor manufacturers’ need for…

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