10-KIndustrial Machinery

LAM RESEARCH CORPORATION

LRCX · Period ending 2026-06-28 · Filed 2026-08-07

Valuation

Industrial Machinery
Live · Yahoo Finance

Price

$298.22

52-Week Range

$117.03$298.22 now$438.50

Decision Context

Beneish M-Score flags possible earnings quality concerns. The financial metrics above warrant additional scrutiny of reported figures.

Based on filing period ending Jun 2026

FisclearScore is a quantitative model using public financial data and sector median benchmarks (refreshed monthly). Not financial advice. Always conduct independent due diligence.

LRCX vs

Macro Context

Fed Funds Rate

3.63%

Accommodative

10-Year Treasury

4.60%

2026-07-01

Unemployment

4.1%

Near full employment

CPI Index

332.8

2026-07-01

M2 Money Supply

$23.2T

2026-06-01

The Federal Funds rate stands at 3.63% — a moderately elevated rate environment that raises borrowing costs across the economy; 10-year Treasury yields are at 4.60%, setting the benchmark for long-term corporate borrowing; Unemployment stands at 4.1%; Industrial production index is at 102.6; M2 money supply is $23.2T; CPI index stands at 332.8.

SWOT Analysis — LRCX

Inflationary Boom
Macro lens (Inflationary Boom): Rising costs and tighter margins amplify financial risks in this regime.

Strengths

  • Revenue: $3.2B (+51.7% YoY) — Revenue grew 52% — the company sold more goods or services than the prior year.

  • EPS (Diluted): $5.76 (+38.8% YoY) — Earnings per share rose 39% — each share earned more.

  • Net Income: $7.3B (+35.6% YoY) — Profit grew 36% — the company kept more of each dollar earned.

  • Gross Profit: $11.7B (+30.6% YoY) — Gross profit rose 31% — the spread between revenue and direct costs improved.

  • Total Assets: $23.5B (+10.2% YoY) — Total assets grew 10% — the company's resource base expanded.

Weaknesses

  • R&D spending is 73% of revenue — heavy investment in future growth, but also a drag on current profitability.

Opportunities

No clear opportunities identified at this time.

Threats

  • Gross margin compressed by 58.7pp — input costs or pricing pressure is eroding profitability on each dollar of revenue.

Financial Charts

Revenue vs Net Income

Gross Profit vs Operating Income

Margin Trend

Quarter-over-Quarter Comparison

2026-03-292026-06-28
Metric2026-03-292026-06-28Change
Revenue$3.2B$3.2B
0.0%
Gross Profit$9.0B$11.7B
30.6%
Operating Income$5.9B$8.2B
39.0%
Net Income$5.4B$7.3B
35.6%
EPS (diluted)$4.15$5.76
38.8%
Operating CF$6.2B$5.9B
5.1%

Risk factor changes vs prior filing

NEW

Gross margin compressed by 58.7pp — input costs or pricing pressure is eroding profitability on each dollar of revenue.

NEW

R&D spending is 73% of revenue — heavy investment in future growth, but also a drag on current profitability.

REMOVED

Gross margin compressed by 53.2pp — input costs or pricing pressure is eroding profitability on each dollar of revenue.

REMOVED

R&D spending is 65% of revenue — heavy investment in future growth, but also a drag on current profitability.

Year-over-Year Changes

Revenue

$3.2B

was $2.1B

+51.7%

Revenue grew 52% — the company sold more goods or services than the prior year.

EPS (Diluted)

$5.76

was $4.15

+38.8%

Earnings per share rose 39% — each share earned more.

Net Income

$7.3B

was $5.4B

+35.6%

Profit grew 36% — the company kept more of each dollar earned.

Gross Profit

$11.7B

was $9.0B

+30.6%

Gross profit rose 31% — the spread between revenue and direct costs improved.

Total Assets

$23.5B

was $21.3B

+10.2%

Total assets grew 10% — the company's resource base expanded.

Risk Flags

0 high · 1 medium · 1 low
  • Medium

    Gross margin compressed by 58.7pp — input costs or pricing pressure is eroding profitability on each dollar of revenue.

  • Low

    R&D spending is 73% of revenue — heavy investment in future growth, but also a drag on current profitability.

Price History

Technical Signals

Daily closes · 1-year data

Latest News

via Finnhub

Filing History — LRCX

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Research LAM RESEARCH CORPORATION

Data sourced from SEC EDGAR, FRED (Federal Reserve Economic Data), and Yahoo Finance. For informational purposes only. Not financial advice.