2022 Q3 Form 10-K Financial Statement

#000070754922000107 Filed on August 24, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022
Revenue $5.074B $4.636B $17.23B
YoY Change 17.88% 11.83% 17.78%
Cost Of Revenue $2.737B $2.535B $9.355B
YoY Change 17.6% 13.68% 19.62%
Gross Profit $2.337B $2.101B $7.872B
YoY Change 18.22% 9.68% 15.67%
Gross Profit Margin 46.05% 45.31% 45.69%
Selling, General & Admin $204.5M $210.0M $885.7M
YoY Change -7.96% -3.46% 6.73%
% of Gross Profit 8.75% 10.0% 11.25%
Research & Development $433.4M $411.2M $1.604B
YoY Change 13.35% 7.7% 7.42%
% of Gross Profit 18.55% 19.57% 20.38%
Depreciation & Amortization $75.75M $87.93M $248.2M
YoY Change -5.16% 12.23% 8.01%
% of Gross Profit 3.24% 4.19% 3.15%
Operating Expenses $639.0M $621.2M $2.490B
YoY Change 5.7% 3.65% 7.18%
Operating Profit $1.698B $1.479B $5.382B
YoY Change 23.73% 12.42% 20.08%
Interest Expense $46.05M -$42.39M $184.8M
YoY Change 2.21% -15.79% -11.43%
% of Operating Profit 2.71% -2.87% 3.43%
Other Income/Expense, Net -$43.10M -$120.4M -$188.7M
YoY Change 49.34% -379.0% 69.67%
Pretax Income $1.655B $1.359B $5.193B
YoY Change 23.18% 3.83% 18.81%
Income Tax $228.9M $150.0M $587.8M
% Of Pretax Income 13.83% 11.04% 11.32%
Net Earnings $1.426B $1.209B $4.605B
YoY Change 20.86% 5.62% 17.83%
Net Earnings / Revenue 28.1% 26.08% 26.73%
Basic Earnings Per Share $10.42 $32.92
Diluted Earnings Per Share $10.39M $8.741M $32.75
COMMON SHARES
Basic Shares Outstanding 137.0M shares 138.7M shares 139.9M shares
Diluted Shares Outstanding 137.2M shares 140.6M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.377B $3.658B $3.658B
YoY Change -5.09% -36.16% -36.16%
Cash & Equivalents $4.256B $3.522B $3.522B
Short-Term Investments $120.6M $135.7M $135.7M
Other Short-Term Assets $305.6M $347.4M $347.4M
YoY Change 15.86% 67.39% 67.39%
Inventory $4.360B $3.966B $3.966B
Prepaid Expenses
Receivables $4.570B $4.314B $4.314B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $13.61B $12.29B $12.29B
YoY Change 22.14% 5.43% 5.43%
LONG-TERM ASSETS
Property, Plant & Equipment $1.719B $1.605B $1.648B
YoY Change 25.23% 27.47% 11.53%
Goodwill $1.500B $1.500B
YoY Change 0.0% 0.0%
Intangibles $110.4M $101.9M
YoY Change -11.7% -23.05%
Long-Term Investments $126.0M
YoY Change
Other Assets $1.765B $1.394B $1.646B
YoY Change 49.32% 31.38% 44.37%
Total Long-Term Assets $5.109B $4.910B $4.910B
YoY Change 15.56% 15.82% 15.82%
TOTAL ASSETS
Total Short-Term Assets $13.61B $12.29B $12.29B
Total Long-Term Assets $5.109B $4.910B $4.910B
Total Assets $18.72B $17.20B $17.20B
YoY Change 20.27% 8.2% 8.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.146B $1.011B $1.011B
YoY Change 36.84% 21.87% 21.87%
Accrued Expenses $1.949B $1.974B $767.4M
YoY Change 19.28% 14.82% -0.88%
Deferred Revenue $1.951B $1.572B
YoY Change 109.49% 62.5%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $7.110M $7.381M $7.381M
YoY Change 11.65% -34.96%
Total Short-Term Liabilities $5.053B $4.565B $4.565B
YoY Change 48.23% 29.39% 29.39%
LONG-TERM LIABILITIES
Long-Term Debt $4.996B $4.998B $4.998B
YoY Change 0.15% 0.76% 0.16%
Other Long-Term Liabilities $1.259B $422.9M $1.354B
YoY Change 170.17% 6.07% 0.54%
Total Long-Term Liabilities $6.255B $422.9M $6.353B
YoY Change 1242.35% -92.11% 0.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.053B $4.565B $4.565B
Total Long-Term Liabilities $6.255B $422.9M $6.353B
Total Liabilities $11.31B $10.92B $10.92B
YoY Change 16.04% 10.67% 10.67%
SHAREHOLDERS EQUITY
Retained Earnings $19.64B $18.45B
YoY Change 25.5% 25.67%
Common Stock $136.0K $137.0K
YoY Change -3.55% -4.2%
Preferred Stock
YoY Change
Treasury Stock (at cost) $19.48B
YoY Change 24.51%
Treasury Stock Shares 157.1M shares
Shareholders Equity $7.413B $6.278B $6.278B
YoY Change
Total Liabilities & Shareholders Equity $18.72B $17.20B $17.20B
YoY Change 20.27% 8.2% 8.2%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022
OPERATING ACTIVITIES
Net Income $1.426B $1.209B $4.605B
YoY Change 20.86% 5.62% 17.83%
Depreciation, Depletion And Amortization $75.75M $87.93M $248.2M
YoY Change -5.16% 12.23% 8.01%
Cash From Operating Activities $1.190B $443.9M $3.100B
YoY Change 160.01% -69.08% -13.61%
INVESTING ACTIVITIES
Capital Expenditures -$140.1M -$125.7M -$546.0M
YoY Change 2.67% 20.22% 56.41%
Acquisitions $0.00
YoY Change
Other Investing Activities $12.26M $49.81M $7.575M
YoY Change 149.04% -93.72% -82.03%
Cash From Investing Activities -$127.8M -$75.94M $612.3M
YoY Change -121.42% -111.02% 735.63%
FINANCING ACTIVITIES
Cash Dividend Paid $205.6M $815.3M
YoY Change 10.88% 12.15%
Common Stock Issuance & Retirement, Net $3.860B
YoY Change 44.37%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -310.9M -1.024B -$4.579B
YoY Change -78.22% -25.93% 9.89%
NET CHANGE
Cash From Operating Activities 1.190B 443.9M $3.100B
Cash From Investing Activities -127.8M -75.94M $612.3M
Cash From Financing Activities -310.9M -1.024B -$4.579B
Net Change In Cash 750.8M -655.5M -$897.2M
YoY Change -299.08% -188.2% 80.04%
FREE CASH FLOW
Cash From Operating Activities $1.190B $443.9M $3.100B
Capital Expenditures -$140.1M -$125.7M -$546.0M
Free Cash Flow $1.330B $569.7M $3.646B
YoY Change 123.87% -63.02% -7.4%

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CY2022 us-gaap Nature Of Operations
NatureOfOperations
Company and Industry Information<div style="margin-top:4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The Company designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. Semiconductor manufacturing, our customers’ business, involves the complete fabrication of multiple dies or integrated circuits on a wafer. This involves the repetition of a set of core processes and can require hundreds of individual steps. Fabricating these devices requires highly sophisticated process technologies to integrate an increasing array of new materials with precise control at the atomic scale. Along with meeting technical requirements, wafer processing equipment must deliver high productivity and be cost-effective.</span></div><div style="margin-top:10pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The Company sells its products and services primarily to companies involved in the production of semiconductors in the United States, China, Europe, Japan, Korea, Southeast Asia, and Taiwan.</span></div><div style="margin-top:10pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The semiconductor industry is cyclical in nature and has historically experienced periodic downturns and upturns. Today’s leading indicators of changes in customer investment patterns, such as electronics demand, memory pricing, and foundry utilization rates, may not be any more reliable than in prior years. Demand for the Company’s equipment can vary significantly from period to period as a result of various factors including, but not limited to economic conditions; supply, demand, and prices for semiconductors; customer capacity requirements; and the Company’s ability to develop and market competitive products. For these and other reasons, the Company’s results of operations for fiscal years 2022, 2021, and 2020 may not necessarily be indicative of future operating results.</span></div><div style="margin-top:10pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Reclassification: Certain amounts for the fiscal year 2021 footnotes have been reclassified to conform to the fiscal year 2022 presentation.</span></div>
CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
Reclassification: Certain amounts for the fiscal year 2021 footnotes have been reclassified to conform to the fiscal year 2022 presentation.
CY2022 us-gaap Contract With Customer Timing Of Satisfaction Of Performance Obligation And Payment
ContractWithCustomerTimingOfSatisfactionOfPerformanceObligationAndPayment
Customer invoices are generally due within 30 to 90 days after issuance. The Company’s contracts with customers typically do not include significant financing components as the period between the transfer of performance obligations and timing of payment are generally within one year.
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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CY2020 us-gaap Goodwill Impairment Loss
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CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
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0 usd
CY2020 us-gaap Impairment Of Long Lived Assets Held For Use
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CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
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CY2022 us-gaap Fiscal Period
FiscalPeriod
<span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Fiscal Year:</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> The Company follows a 52/53-week fiscal reporting calendar, and its fiscal year ends on the last Sunday of June each year. The Company’s most recent fiscal years ended June 26, 2022, June 27, 2021, and June 28, 2020, and each included 52 weeks.</span>
CY2022 us-gaap Other Than Temporary Impairment Loss Debt Securities Portion Recognized In Earnings
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CY2021 us-gaap Other Than Temporary Impairment Loss Debt Securities Portion Recognized In Earnings
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0 usd
CY2020 us-gaap Other Than Temporary Impairment Loss Debt Securities Portion Recognized In Earnings
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0 usd
CY2021 us-gaap Interest Expense
InterestExpense
208597000 usd
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0.21
CY2021 lrcx Gain Losson Assets Relatedto Deferred Compensation Plan
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CY2022 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<span style="color:#7b7e87;font-family:'Georgia',serif;font-size:9pt;font-style:italic;font-weight:700;line-height:120%">Guarantees:</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> The Company has certain finance leases that contain provisions whereby the properties subject to the finance leases may be remarketed at lease expiration. The Company has guaranteed to the lessor an amount approximating the lessor’s investment in the property. Also, the Company’s guarantees generally include certain indemnifications to its lessors for environmental matters, potential overdraft protection obligations to financial institutions related to one of the Company’s subsidiaries, indemnifications to the Company’s customers for certain infringement of third-party intellectual property rights by its products and services, indemnifications for its officers and directors, and the Company’s warranty obligations under sales of its products.</span>
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
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CY2020 us-gaap Interest Expense
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CY2022Q2 us-gaap Revenue Remaining Performance Obligation
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CY2022Q2 us-gaap Revenue Remaining Performance Obligation
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CY2022Q2 us-gaap Revenue Remaining Performance Obligation
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CY2022Q2 us-gaap Revenue Remaining Performance Obligation
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CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2022Q2 lrcx Number Of Primary Markets
NumberOfPrimaryMarkets
3 primary_market
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CY2022 us-gaap Share Based Compensation
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CY2021 us-gaap Share Based Compensation
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CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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CY2022 lrcx Other Non Operating Income Expense Other Net
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CY2021 lrcx Other Non Operating Income Expense Other Net
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022 us-gaap Current Federal Tax Expense Benefit
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CY2022 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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3989000 usd
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
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CY2020Q2 us-gaap Unrecognized Tax Benefits
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CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
1443000 usd
CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
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CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
2746000 usd
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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86735000 usd
CY2021Q2 us-gaap Unrecognized Tax Benefits
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566771000 usd
CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
14440000 usd
CY2022 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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8021000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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6468000 usd
CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
28376000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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94971000 usd
CY2022Q2 us-gaap Unrecognized Tax Benefits
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617373000 usd
CY2022 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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61200000 usd
CY2021 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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54600000 usd
CY2020 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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40200000 usd
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CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
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144814000 shares
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IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
729000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1168000 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1236000 shares
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173500000 usd
CY2022Q2 lrcx Available For Sale And Trading Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
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3575000 usd
CY2022Q2 lrcx Available For Sale And Trading Securities Continuous Unrealized Loss Position12 Months Or Longer
AvailableForSaleAndTradingSecuritiesContinuousUnrealizedLossPosition12MonthsOrLonger
1701000 usd
CY2022Q2 lrcx Available For Sale And Trading Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleAndTradingSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
212000 usd
CY2022Q2 lrcx Available For Sale And Trading Securities Continuous Unrealized Loss Position Fair Value
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3787000 usd
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2401490000 usd
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2829420000 usd
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2828556000 usd
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
64721000 usd
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
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CY2022Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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2894141000 usd
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
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CY2021Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
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CY2022Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
471348000 usd
CY2021Q2 us-gaap Inventory Work In Process Net Of Reserves
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391686000 usd
CY2022Q2 us-gaap Inventory Finished Goods Net Of Reserves
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1093456000 usd
CY2021Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
778152000 usd
CY2022Q2 us-gaap Inventory Net
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3966294000 usd
CY2021Q2 us-gaap Inventory Net
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CY2022Q2 us-gaap Property Plant And Equipment Gross
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3045759000 usd
CY2021Q2 us-gaap Property Plant And Equipment Gross
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2530781000 usd
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1440325000 usd
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1271356000 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
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1605434000 usd
CY2021Q2 us-gaap Property Plant And Equipment Net
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42200000 usd
CY2021Q2 us-gaap Finance Lease Right Of Use Asset
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CY2021 us-gaap Depreciation
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CY2021Q2 us-gaap Goodwill
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CY2021Q2 us-gaap Business Acquisition Purchase Price Allocation Goodwill Expected Tax Deductible Amount
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61100000 usd
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CY2021 us-gaap Goodwill Impairment Loss
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CY2020 us-gaap Goodwill Impairment Loss
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36726000 usd
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1376147000 usd
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CY2020 us-gaap Impairment Of Intangible Assets Finitelived
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CY2022Q2 lrcx Finitelived Intangible Assets Gross Not Yet Placed In Service
FinitelivedIntangibleAssetsGrossNotYetPlacedInService
17800000 usd
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22983000 usd
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FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
12882000 usd
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FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
5707000 usd
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FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
3343000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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2402000 usd
CY2022Q2 lrcx Finite Lived Intangible Assets Excluding Assets Not Yetin Service Net
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84043000 usd
CY2022Q2 us-gaap Deferred Compensation Liability Current
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CY2021Q2 us-gaap Deferred Compensation Liability Current
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552925000 usd
CY2022Q2 us-gaap Product Warranty Accrual Classified Current
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232248000 usd
CY2021Q2 us-gaap Product Warranty Accrual Classified Current
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176030000 usd
CY2022Q2 us-gaap Taxes Payable Current
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465601000 usd
CY2021Q2 us-gaap Taxes Payable Current
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348206000 usd
CY2022Q2 us-gaap Dividends Payable Current
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205615000 usd
CY2021Q2 us-gaap Dividends Payable Current
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185431000 usd
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456891000 usd
CY2022Q2 us-gaap Accrued Liabilities Current
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CY2021Q2 us-gaap Accrued Liabilities Current
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1719483000 usd
CY2022Q2 lrcx Debt Longterm Gross And Shortterm Combined Amount
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CY2021Q2 us-gaap Debt Instrument Unamortized Discount
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38243000 usd
CY2022Q2 lrcx Debt Instrument Fair Value Increase Decrease Adjustment
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4835000 usd
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6621000 usd
CY2022Q2 us-gaap Unamortized Debt Issuance Expense
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6827000 usd
CY2021Q2 us-gaap Unamortized Debt Issuance Expense
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7443000 usd
CY2022Q2 us-gaap Long Term Debt
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CY2021Q2 us-gaap Long Term Debt
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CY2022Q2 us-gaap Long Term Debt
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CY2021Q2 us-gaap Long Term Debt
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CY2022Q2 us-gaap Debt Instrument Carrying Amount
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CY2022Q2 lrcx Long Term Debt Interest Year One
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175125000 usd
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500000000 usd
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175125000 usd
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750000000 usd
CY2022Q2 lrcx Long Term Debt Interest Year Four
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161222000 usd
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3750000000 usd
CY2022Q2 lrcx Long Term Debt Interest After Year Five
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1914214000 usd
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CY2022Q2 lrcx Long Term Debt Interest
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CY2022 lrcx Contractual Interest Coupon
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CY2021 lrcx Contractual Interest Coupon
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CY2020 lrcx Contractual Interest Coupon
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169483000 usd
CY2022 us-gaap Amortization Of Debt Discount Premium
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CY2022 us-gaap Amortization Of Financing Costs
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CY2021 us-gaap Amortization Of Financing Costs
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CY2022 lrcx Amortization Of Fair Value Of Interest Rate Cash Flow Hedge During Period
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2455000 usd
CY2021 lrcx Amortization Of Fair Value Of Interest Rate Cash Flow Hedge During Period
AmortizationOfFairValueOfInterestRateCashFlowHedgeDuringPeriod
2070000 usd
CY2020 lrcx Amortization Of Fair Value Of Interest Rate Cash Flow Hedge During Period
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1037000 usd
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181701000 usd
CY2021 us-gaap Interest Expense Debt
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205010000 usd
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7439000 usd
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CY2022 us-gaap Finance Lease Interest Expense
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FinanceLeaseInterestExpense
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CY2022 lrcx Finance Lease Cost
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51519000 usd
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CY2022 us-gaap Variable Lease Cost
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CY2020 us-gaap Operating Lease Payments
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CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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CY2022Q2 us-gaap Operating Lease Right Of Use Asset
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CY2021Q2 us-gaap Operating Lease Right Of Use Asset
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54110000 usd
CY2021Q2 us-gaap Operating Lease Liability Current
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45310000 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
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164613000 usd
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
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118385000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
218723000 usd
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
163695000 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
42153000 usd
CY2021Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
44054000 usd
CY2022Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
7381000 usd
CY2021Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
11349000 usd
CY2022Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
35990000 usd
CY2021Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
29398000 usd
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
43371000 usd
CY2021Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
40747000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P5Y4M24D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0305
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y6M
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0230
CY2022Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P6Y4M24D
CY2022Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0201
CY2021Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P5Y3M18D
CY2021Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0169
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
58785000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
8094000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
46383000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
7861000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
34910000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
28305000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
7165000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
21643000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
6790000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
50754000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
9657000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
240780000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
46691000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
22057000 usd
CY2022Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
3320000 usd
CY2022Q2 us-gaap Operating Lease Liability
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CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
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0.01
CY2022 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
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CY2022 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.50
CY2022 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.06
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
32600000 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
26900000 usd
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
23600000 usd
CY2022 lrcx Deferred Compensation Payment Waiting Period
DeferredCompensationPaymentWaitingPeriod
P3Y
CY2022 lrcx Deferred Compensation Arrangement Maximum Distribution Period
DeferredCompensationArrangementMaximumDistributionPeriod
P20Y
CY2022Q2 us-gaap Deferred Compensation Arrangement With Individual Recorded Liability
DeferredCompensationArrangementWithIndividualRecordedLiability
280000000 usd
CY2021Q2 us-gaap Deferred Compensation Arrangement With Individual Recorded Liability
DeferredCompensationArrangementWithIndividualRecordedLiability
297300000 usd
CY2022Q2 lrcx Assets Correlated To Deferred Compensation Obligation
AssetsCorrelatedToDeferredCompensationObligation
291300000 usd
CY2021Q2 lrcx Assets Correlated To Deferred Compensation Obligation
AssetsCorrelatedToDeferredCompensationObligation
313900000 usd
CY2022Q2 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
31200000 usd
CY2021Q2 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
40100000 usd
CY2022Q2 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
561200000 usd
CY2022Q2 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
1121362000 usd
CY2022Q2 us-gaap Purchase Obligation Due In Second Year
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43330000 usd
CY2022Q2 us-gaap Purchase Obligation Due In Third Year
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43330000 usd
CY2022Q2 us-gaap Purchase Obligation Due In Fourth Year
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4319000 usd
CY2022Q2 us-gaap Purchase Obligation Due In Fifth Year
PurchaseObligationDueInFifthYear
4319000 usd
CY2022Q2 us-gaap Purchase Obligation Due After Fifth Year
PurchaseObligationDueAfterFifthYear
1293000 usd
CY2022Q2 us-gaap Purchase Obligation
PurchaseObligation
1217953000 usd
CY2019Q2 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability
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868400000 usd
CY2022Q2 lrcx Tax Cuts And Jobs Act Transition Tax For Accumulated Foreign Earnings Payable In Year One
TaxCutsAndJobsActTransitionTaxForAccumulatedForeignEarningsPayableInYearOne
69469000 usd
CY2022Q2 lrcx Tax Cuts And Jobs Act Transition Tax For Accumulated Foreign Earnings Payable In Year Two
TaxCutsAndJobsActTransitionTaxForAccumulatedForeignEarningsPayableInYearTwo
130254000 usd
CY2022Q2 lrcx Tax Cuts And Jobs Act Transition Tax For Accumulated Foreign Earnings Payable In Year Three
TaxCutsAndJobsActTransitionTaxForAccumulatedForeignEarningsPayableInYearThree
173672000 usd
CY2022Q2 lrcx Tax Cuts And Jobs Act Transition Tax For Accumulated Foreign Earnings Payable In Year Four
TaxCutsAndJobsActTransitionTaxForAccumulatedForeignEarningsPayableInYearFour
217090000 usd
CY2022Q2 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsLiability
590485000 usd
CY2021Q2 us-gaap Standard Product Warranty Accrual
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191758000 usd
CY2020Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
129197000 usd
CY2022 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
295167000 usd
CY2021 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
229026000 usd
CY2022 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
272954000 usd
CY2021 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
172759000 usd
CY2022 lrcx Standard Product Warranty Accrual Increase Decrease For Warranties Issued
StandardProductWarrantyAccrualIncreaseDecreaseForWarrantiesIssued
14951000 usd
CY2021 lrcx Standard Product Warranty Accrual Increase Decrease For Warranties Issued
StandardProductWarrantyAccrualIncreaseDecreaseForWarrantiesIssued
0 usd
CY2022 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
27336000 usd
CY2021 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
6294000 usd
CY2022Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
256258000 usd
CY2021Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
191758000 usd
CY2022 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
253000 shares
CY2022 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
138100000 usd
CY2022 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-18190000 usd
CY2022 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
27664000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-45854000 usd
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2022Q2 lrcx Number Of Operating Locations
NumberOfOperatingLocations
7 location
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
17227039000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
14626150000 usd
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10044736000 usd
CY2022Q2 us-gaap Noncurrent Assets
NoncurrentAssets
1874235000 usd
CY2021Q2 us-gaap Noncurrent Assets
NoncurrentAssets
1477263000 usd
CY2020Q2 us-gaap Noncurrent Assets
NoncurrentAssets
1246082000 usd
CY2022 dei Auditor Name
AuditorName
Ernst & Young LLP
CY2022 dei Auditor Location
AuditorLocation
San Jose, California

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