LAM RESEARCH CORP(LRCX)— Stock Profile, AI Score & Financials
Industrials · Nasdaq · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
LAM RESEARCH CORP (LRCX) stock profile, AI quality score, and SEC EDGAR financial data, a Industrials sector company. 13F Pro's AI-powered ranking engine scores LRCX at 79.4/100 on a 32-signal composite quality model, placing it at rank #38 of 2,961 stocks — the top 5% of the AI-ranked universe. LRCX scores in the top quartile across balance sheet strength (98.8), revenue scale (93.5), profitability (91.5). Areas of concern include earnings quality (31.6), which score below median versus the broader universe. Shareholder dilution risk is elevated at 43.6/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), LAM RESEARCH CORP reports quarterly revenue of $6.7B, net income of $2.3B, an operating margin of 37.4%. Top institutional holders of LRCX by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. LRCX trades on the Nasdaq exchange and files with the SEC under CIK 707549. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate LRCX daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for LAM RESEARCH CORP directly from SEC EDGAR.
AI Quality Score
79.4/100
AI Rank
#38
Revenue
$6.7B
Net Income
$2.3B
Free Cash Flow
$1.3B
Operating Margin
37.4%
LRCX key financials by period
LAM RESEARCH CORP reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2026
10-K
$23.2B
$7.3B
35.3%
FY 2025
10-K
$18.4B
$5.4B
32.0%
FY 2024
10-K
$14.9B
$3.8B
28.6%
FY 2023
10-K
$17.4B
$4.5B
29.7%
FY 2022
10-K
$17.2B
$4.6B
31.2%
FY 2021
10-K
$14.6B
$3.9B
30.6%
Institutions holding LRCX
Institutional investors reporting a position in LAM RESEARCH CORP on SEC Form 13F.
AI-extracted from the 10-K filed 2026-08-07 — FY2026 (fiscal year ended June 28, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Revenue rose 26.0% to $23.2B on foundry equipment spending, with gross margin up 180 bps to 50.5% and net income up 35.6% to $7.27B.
Biggest Revenue Drivers
Systems revenue$14.9B+29.5% YoY
Increased $3.39 billion primarily due to foundry equipment customer spending
Customer support-related revenue and other$8.3B+20.2% YoY
Increased $1.40 billion mainly due to revenue from spares and non-leading-edge equipment
Biggest Revenue Drivers
Total revenue: $23.2B+26.0% YoY
Systems revenue$14.9B+29.5% YoY
Increased $3.39 billion primarily due to foundry equipment customer spending
Customer support-related revenue and other$8.3B+20.2% YoY
Increased $1.40 billion mainly due to revenue from spares and non-leading-edge equipment
Largest Expense Items
Total cost of goods sold$11.5Bvs $9.46B in FY2025
Gross margin percentage improved on favorable customer mix, partly offset by aluminum and steel tariff-related spend
Research and development$2.4B+13.3% YoY
$131.4M in employee-related costs from increased headcount and $69.8M higher engineering supplies expense
Selling, general, and administrative$1.1B+17.1% YoY
Mainly driven by a $180.0 million increase in employee-related costs from additional headcount
Income tax expense$997.1M+66.2% YoY
Effective tax rate rose to 12.1% from 10.1% on prior-year unrecognized tax benefit releases and Global Minimum Tax
Margins: Gross margin reached 50.5% of revenue, up 180 basis points from 48.7%, largely due to favorable customer mix, partially offset by aluminum and steel tariff-related spend.
Watch Items from the Filing
China represented approximately 34% of total revenue in FY2026 and FY2025 (42% in FY2024) and remains exposed to U.S. export license requirements.
Foundry rose to 54% of equipment/upgrade revenue while Memory fell 300 bps to 39% and Logic/IDM dropped to 7% from 13%.
A 15-year Malaysia tax incentive cut worldwide taxes by $967.9M ($0.77 per diluted share); the effective tax rate was only 12.1%.
Accounts receivable rose $1.96B, pushing operating cash flow down to $5.86B from $6.17B despite net income rising to $7.27B.
Non-U.S. sales were approximately 93% of total revenue in each of fiscal 2026, 2025 and 2024; China controls key rare earth inputs.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
