$LRCX
LAM RESEARCH CORP

2024 Q2 Form 10-Q Financial Statement

#000070754924000067 Filed on April 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $3.872B $3.794B
YoY Change 20.71% -1.96%
Cost Of Revenue $2.026B $1.965B
YoY Change 15.82% -10.59%
Gross Profit $1.845B $1.829B
YoY Change 26.58% 9.37%
Gross Profit Margin 47.67% 48.21%
Selling, General & Admin $216.5M $206.8M
YoY Change 9.87% 7.64%
% of Gross Profit 11.73% 11.31%
Research & Development $497.8M $512.3M
YoY Change 23.85% 19.29%
% of Gross Profit 26.98% 28.01%
Depreciation & Amortization $88.36M $89.92M
YoY Change -1.39% -1.9%
% of Gross Profit 4.79% 4.92%
Operating Expenses $714.3M $719.8M
YoY Change 18.98% 15.55%
Operating Profit $1.131B $1.109B
YoY Change 31.91% 5.7%
Interest Expense $18.39M $20.26M
YoY Change 66.75% -57.1%
% of Operating Profit 1.63% 1.83%
Other Income/Expense, Net $9.402M $36.07M
YoY Change 4.35% -1182.95%
Pretax Income $1.154B $1.093B
YoY Change 33.67% 16.43%
Income Tax $134.1M $127.4M
% Of Pretax Income 11.61% 11.65%
Net Earnings $1.020B $965.8M
YoY Change 27.13% 18.65%
Net Earnings / Revenue 26.35% 25.46%
Basic Earnings Per Share
Diluted Earnings Per Share $7.78 $7.34
COMMON SHARES
Basic Shares Outstanding 130.7M shares 131.1M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.848B $5.672B
YoY Change 8.8% 5.64%
Cash & Equivalents $5.848B $5.672B
Short-Term Investments $0.00
Other Short-Term Assets $298.2M $289.5M
YoY Change 39.24% 33.76%
Inventory $4.218B $4.323B
Prepaid Expenses
Receivables $2.519B $2.204B
Other Receivables $0.00 $0.00
Total Short-Term Assets $12.88B $12.49B
YoY Change -2.61% -9.04%
LONG-TERM ASSETS
Property, Plant & Equipment $2.130B $2.182B
YoY Change 14.72% 17.61%
Goodwill $1.600B $1.600B
YoY Change 0.0% 0.0%
Intangibles $138.5M $142.5M
YoY Change -17.75% -20.69%
Long-Term Investments
YoY Change
Other Assets $1.942B $1.840B
YoY Change 1.9% -0.86%
Total Long-Term Assets $5.862B $5.791B
YoY Change 5.55% 5.04%
TOTAL ASSETS
Total Short-Term Assets $12.88B $12.49B
Total Long-Term Assets $5.862B $5.791B
Total Assets $18.74B $18.28B
YoY Change -0.2% -5.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $614.0M $531.6M
YoY Change 30.44% -11.68%
Accrued Expenses $1.802B $1.792B
YoY Change -10.38% -9.97%
Deferred Revenue $1.418B $1.602B
YoY Change -16.37%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $501.3M $505.1M
YoY Change 5898.04% 5872.17%
Total Short-Term Liabilities $4.338B $4.430B
YoY Change 3.67% -0.25%
LONG-TERM LIABILITIES
Long-Term Debt $4.466B $4.478B
YoY Change -10.74% -10.38%
Other Long-Term Liabilities $575.0M $1.349B
YoY Change -58.43% -3.48%
Total Long-Term Liabilities $5.041B $5.827B
YoY Change -21.07% -8.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.338B $4.430B
Total Long-Term Liabilities $5.041B $5.827B
Total Liabilities $10.21B $10.26B
YoY Change -3.46% -5.34%
SHAREHOLDERS EQUITY
Retained Earnings $24.81B $24.05B
YoY Change 12.61% 12.08%
Common Stock $130.0K $131.0K
YoY Change -2.26% -2.96%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.539B $8.022B
YoY Change
Total Liabilities & Shareholders Equity $18.74B $18.28B
YoY Change -0.2% -5.01%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $1.020B $965.8M
YoY Change 27.13% 18.65%
Depreciation, Depletion And Amortization $88.36M $89.92M
YoY Change -1.39% -1.9%
Cash From Operating Activities $862.4M $1.385B
YoY Change -23.18% -19.79%
INVESTING ACTIVITIES
Capital Expenditures $100.7M $103.7M
YoY Change 28.06% -13.23%
Acquisitions
YoY Change
Other Investing Activities -$865.0K $11.29M
YoY Change -103.68% -67.85%
Cash From Investing Activities -$101.6M -$92.36M
YoY Change 84.15% 9.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -574.2M -1.236B
YoY Change -44.69% 50.79%
NET CHANGE
Cash From Operating Activities 862.4M 1.385B
Cash From Investing Activities -101.6M -92.36M
Cash From Financing Activities -574.2M -1.236B
Net Change In Cash 186.7M 56.68M
YoY Change 531.5% -93.11%
FREE CASH FLOW
Cash From Operating Activities $862.4M $1.385B
Capital Expenditures $100.7M $103.7M
Free Cash Flow $761.7M $1.281B
YoY Change -27.05% -20.27%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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RetainedEarningsAccumulatedDeficit
24051937000 usd
CY2023Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
22032096000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
8022101000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2024Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
18279650000 usd
CY2023Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
18781643000 usd
us-gaap Net Income Loss
NetIncomeLoss
2807490000 usd
us-gaap Net Income Loss
NetIncomeLoss
3708394000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
271342000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
252828000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-137606000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Share Based Compensation
ShareBasedCompensation
213966000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
218105000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-14242000 usd
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-620405000 usd
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
1550000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3789839000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4056213000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
422898000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
34336000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
65015000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5587372000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3773535000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
8304635000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1745845000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
14221259000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11033879000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
14221259000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
41051000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
218105000 usd
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
43544000 usd
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
32249000 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
185911000 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
83155000 usd
us-gaap Interest Expense
InterestExpense
139930000 usd
lrcx Gain Losson Assets Relatedto Deferred Compensation Plan
GainLossonAssetsRelatedtoDeferredCompensationPlan
49124000 usd
lrcx Gain Losson Assets Relatedto Deferred Compensation Plan
GainLossonAssetsRelatedtoDeferredCompensationPlan
3588000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-3643000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-8812000 usd
lrcx Other Non Operating Income Expense Other Net
OtherNonOperatingIncomeExpenseOtherNet
-24082000 usd
lrcx Other Non Operating Income Expense Other Net
OtherNonOperatingIncomeExpenseOtherNet
-12661000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
68513000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-74660000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
398376000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
537201000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.124
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.127
us-gaap Net Income Loss
NetIncomeLoss
2807490000 usd
us-gaap Net Income Loss
NetIncomeLoss
3708394000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
135945000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
619000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
369000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
132282000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
136314000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
21.32
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
27.28
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
21.22
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
27.20
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
37400000 usd
CY2022Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
256258000 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
139713000 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
225735000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
187174000 usd
lrcx Standard Product Warranty Accrual Increase Decrease For Warranties Issued
StandardProductWarrantyAccrualIncreaseDecreaseForWarrantiesIssued
999000 usd
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-24061000 usd
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
17014000 usd
CY2024Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
254572000 usd
CY2023Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
312832000 usd
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
123000 shares
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
120100000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P2Y
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
36073000 usd
us-gaap Net Income Loss
NetIncomeLoss
965826000 usd
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 usd
CY2023Q2 us-gaap Assets
Assets
18781643000 usd
CY2024Q1 us-gaap Liabilities Current
LiabilitiesCurrent
4430089000 usd
CY2024Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
130736000 shares
CY2024Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
130736000 shares
CY2024Q1 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
164423000 shares
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-11537000 usd
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
3430000 usd
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
6837000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
10845000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
8381000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-269001000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-479382000 usd
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
255155000 usd
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
21145000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2469257000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1147998000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
757453000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
675572000 usd
us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
53081000 usd
us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
44996000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
12757000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
7673000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-5672000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-635000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3421699000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1792681000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-12758000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1349000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
86381000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1782801000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5673753000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5556336000 usd
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
36863000 usd
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
4081000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
45122000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
38225000 usd
CY2024Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
261463000 usd
CY2023Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
233043000 usd
lrcx Transfer Of Inventory To Property And Equipment
TransferOfInventoryToPropertyAndEquipment
55290000 usd
lrcx Transfer Of Inventory To Property And Equipment
TransferOfInventoryToPropertyAndEquipment
64932000 usd
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5672232000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5305648000 usd
CY2024Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1521000 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
250688000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
8222478000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
8235000 usd
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
980161000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
76854000 usd
us-gaap Net Income Loss
NetIncomeLoss
965826000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-10094000 usd
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.00
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
261037000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
8022101000 usd
CY2023Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
0 usd
CY2023Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
555899000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
73911000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
814008000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3776000 usd
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.725
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
233043000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
8407388000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
6278366000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
7673000 usd
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1152033000 usd
us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
44996000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
218105000 usd
us-gaap Net Income Loss
NetIncomeLoss
3708394000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
4887000 usd
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
5.175
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
703000000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
8407388000 usd
us-gaap Fiscal Period
FiscalPeriod
The Company’s reporting period is a 52/53-week fiscal year. The Company’s current fiscal year will end June 30, 2024 and includes 53 weeks.
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<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 June 25, 2023 Condensed Consolidated Balance Sheet and notes to the financial statements have been reclassified to conform to the current period presentation.</span></div>
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
lrcx Number Of Operating Geographic Regions
NumberOfOperatingGeographicRegions
7 region
lrcx Numberof Primary Markets
NumberofPrimaryMarkets
3 primary_market
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3793558000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3869569000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11033879000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3793558000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3869569000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
302500000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1228400000 usd
lrcx Contract With Customer Liability Revenue Recognized Percent
ContractWithCustomerLiabilityRevenueRecognizedPercent
0.16
lrcx Contract With Customer Liability Revenue Recognized Percent
ContractWithCustomerLiabilityRevenueRecognizedPercent
0.67
CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1837900000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1371378000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
333416000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P3Y
us-gaap Share Based Compensation
ShareBasedCompensation
76854000 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
73911000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
213966000 usd
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
24626000 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
12045000 usd
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
471000 shares
us-gaap Investment Income Interest
InvestmentIncomeInterest
71752000 usd
CY2023Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
41974000 usd
us-gaap Interest Expense
InterestExpense
47153000 usd
CY2023Q1 us-gaap Interest Expense
InterestExpense
47217000 usd
us-gaap Interest Expense
InterestExpense
138797000 usd
lrcx Gain Losson Assets Relatedto Deferred Compensation Plan
GainLossonAssetsRelatedtoDeferredCompensationPlan
26495000 usd
CY2023Q1 lrcx Gain Losson Assets Relatedto Deferred Compensation Plan
GainLossonAssetsRelatedtoDeferredCompensationPlan
5443000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-4344000 usd
CY2023Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-5519000 usd
lrcx Other Non Operating Income Expense Other Net
OtherNonOperatingIncomeExpenseOtherNet
-10677000 usd
CY2023Q1 lrcx Other Non Operating Income Expense Other Net
OtherNonOperatingIncomeExpenseOtherNet
1988000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
36073000 usd
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-3331000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
127359000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
124914000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.117
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.133
us-gaap Net Income Loss
NetIncomeLoss
965826000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
814008000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
130838000 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
134924000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
131663000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
680000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
131518000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
135395000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.38
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.03
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.34
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.01
CY2024Q1 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
5672232000 usd
CY2023Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
5337056000 usd
CY2024Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
3020147000 usd
CY2023Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
3196988000 usd
CY2024Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
290736000 usd
CY2023Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
325611000 usd
CY2024Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1012084000 usd
CY2023Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1293591000 usd
CY2024Q1 us-gaap Inventory Net
InventoryNet
4322967000 usd
CY2023Q2 us-gaap Inventory Net
InventoryNet
4816190000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
1600000000 usd
CY2023Q2 us-gaap Goodwill
Goodwill
1600000000 usd
CY2024Q1 us-gaap Business Acquisition Purchase Price Allocation Goodwill Expected Tax Deductible Amount
BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount
65400000 usd
CY2023Q2 us-gaap Business Acquisition Purchase Price Allocation Goodwill Expected Tax Deductible Amount
BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount
65400000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1593968000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1451489000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
142479000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1561001000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1422628000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
138373000 usd
CY2024Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1593968000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1451489000 usd
CY2024Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
142479000 usd
CY2023Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1591082000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1422628000 usd
CY2023Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
168454000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
15200000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13800000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
42000000 usd
CY2024Q1 lrcx Finite Lived Intangible Assets Gross Not Yet Placed In Service
FiniteLivedIntangibleAssetsGrossNotYetPlacedInService
8200000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
13945000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
40461000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
25770000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
18454000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
14695000 usd
CY2024Q1 lrcx Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
20955000 usd
CY2024Q1 lrcx Finite Lived Intangible Assets Excluding Assets Not Yetin Service Net
FiniteLivedIntangibleAssetsExcludingAssetsNotYetinServiceNet
134280000 usd
CY2024Q1 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
478636000 usd
CY2023Q2 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
481354000 usd
CY2024Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
231391000 usd
CY2023Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
256781000 usd
CY2024Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
244828000 usd
CY2023Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
460630000 usd
CY2024Q1 us-gaap Dividends Payable Current
DividendsPayableCurrent
261463000 usd
CY2023Q2 us-gaap Dividends Payable Current
DividendsPayableCurrent
231267000 usd
CY2024Q1 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
21482000 usd
CY2023Q2 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
8014000 usd
CY2024Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
553842000 usd
CY2023Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
572591000 usd
CY2024Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1791642000 usd
CY2023Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
2010637000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
260840000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
318969000 usd
CY2023Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
286663000 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
43479000 usd
CY2023Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
54158000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
45916000 usd
CY2023Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
60440000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
147595000 usd
lrcx Standard Product Warranty Accrual Increase Decrease For Warranties Issued
StandardProductWarrantyAccrualIncreaseDecreaseForWarrantiesIssued
-74000 usd
CY2023Q1 lrcx Standard Product Warranty Accrual Increase Decrease For Warranties Issued
StandardProductWarrantyAccrualIncreaseDecreaseForWarrantiesIssued
-942000 usd
lrcx Standard Product Warranty Accrual Increase Decrease For Warranties Issued
StandardProductWarrantyAccrualIncreaseDecreaseForWarrantiesIssued
-148000 usd
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-3757000 usd
CY2023Q1 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
1087000 usd
CY2024Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
254572000 usd
CY2023Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
312832000 usd
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
138000 shares
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
130000000 usd
us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
1760 employee
lrcx Restructuring Charges Cost Of Goods Net
RestructuringChargesCostOfGoodsNet
15200000 usd
lrcx Restructuring Charges Operating Expense Net
RestructuringChargesOperatingExpenseNet
15200000 usd
lrcx Restructuring Charges Cost Of Goods Net
RestructuringChargesCostOfGoodsNet
38100000 usd
lrcx Restructuring Charges Operating Expense Net
RestructuringChargesOperatingExpenseNet
19000000 usd
lrcx Restructuring Charges Cost Of Goods Net
RestructuringChargesCostOfGoodsNet
66700000 usd
CY2023Q1 lrcx Restructuring Charges Cost Of Goods Net
RestructuringChargesCostOfGoodsNet
66700000 usd
CY2023Q1 lrcx Restructuring Charges Operating Expense Net
RestructuringChargesOperatingExpenseNet
40400000 usd
lrcx Restructuring Charges Operating Expense Net
RestructuringChargesOperatingExpenseNet
40400000 usd
CY2024Q1 us-gaap Restructuring And Related Cost Cost Incurred To Date1
RestructuringAndRelatedCostCostIncurredToDate1
177400000 usd
CY2023Q2 us-gaap Restructuring Reserve
RestructuringReserve
8235000 usd
us-gaap Restructuring Charges
RestructuringCharges
57054000 usd
us-gaap Payments For Restructuring
PaymentsForRestructuring
34473000 usd
lrcx Restructuring Reserve Non Cash Activities
RestructuringReserveNonCashActivities
-7094000 usd
CY2024Q1 us-gaap Restructuring Reserve
RestructuringReserve
23722000 usd
ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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0000707549-24-000067-index-headers.html Edgar Link pending
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0000707549-24-000067.txt Edgar Link pending
0000707549-24-000067-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
lrcx-20240331.htm Edgar Link pending
lrcx-20240331.xsd Edgar Link pending
lrcx_3qx2024xexhibitx311.htm Edgar Link pending
lrcx_3qx2024xexhibitx312.htm Edgar Link pending
lrcx_3qx2024xexhibitx321.htm Edgar Link pending
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lrcx_3qx2024xexx101xformxr.htm Edgar Link pending
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lrcx-20240331_def.xml Edgar Link unprocessable
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lrcx-20240331_htm.xml Edgar Link completed
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lrcx-20240331_cal.xml Edgar Link unprocessable
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