Lam Research Corporation Financial Statements FY2022-FY2026

Lam Research Corporation (LRCX) Financial Statements in Beancount — Open Ledger

Lam Research's income statement and balance sheet, FY2022 through FY2026, as a public, auditable plain-text Beancount ledger — reconstructed line by line from the company's own Form 10-K filings and version-controlled in git. Part of the Open Ledger project on beancount.io.

Browse it live: beancount.io/ledger/open_ledger/lam-research

Latest analysis: Lam Research FY2026: The $23.2B Machine That Etches Every AI Chip

Key Figures

Amounts in MUSD (millions of US dollars), exactly as the ledger records them.

What's Inside

Fiscal years end the last Sunday in June (52/53-week calendar; FY2024 had 53 weeks). All figures sourced from Lam Research Corporation Form 10-K filings (SEC CIK 0000707549). Structurally, "Deferred profit" is the deferred-revenue line, FY2023–FY2024 carry labeled restructuring postings from a plan completed in FY2024, and a ten-for-one split in October 2024 restated all share counts.

Quick Start

uvx --from beancount bean-check main.bean
uvx --from beanquery bean-query main.bean \
  "SELECT year, sum(position) WHERE account ~ '^Income:Revenue' GROUP BY year ORDER BY year"

Zero output from bean-check means the ledger is internally consistent: every
income statement sums to zero and every balance-sheet snapshot reconciles to
the filed totals. The query prints revenue by calendar year; income is a
credit, so it shows as a negative number. Open main.bean in Fava
or import it into beancount.io to explore it visually.

Methodology

• Balance sheet — pad / balance directives assert each period-end
  figure against the filing named in that period file's source banner.
• Income statement — one zero-sum transaction per period: Income
  negative (credit), Expenses positive (debit), with the arithmetic check in
  a comment directly above it.
• Unit — MUSD; 23,232.69 MUSD means 23,232.69 million US dollars.
• Additional accounts — Assets:Current:Inventories,
  Assets:NonCurrent:RestrictedCash, opened beyond the standard chart (see each
  account's open line in main.bean).
• Deferred profit — the filing's deferred-revenue caption sits on
  Liabilities:Current:DeferredRevenue.
• Restructuring — FY2023 and FY2024 post the filing's restructuring lines as
  labeled second postings (Expenses:CostOfRevenue for the cost-of-goods-sold
  share, Expenses:OtherNet for the operating-expense share), never folded
  unlabeled into another line.
• Goodwill and intangibles — separate face lines through FY2024; from FY2025
  one combined line, split per Note 12 with intangibles at the note figure and
  goodwill as the face residual.
• Reclassification — the FY2024 10-K folded "Investments" into prepaid/other
  current and "Restricted cash and investments" into other assets; FY2024+
  assert those accounts at zero with the face totals on the aggregate lines.
• Treasury-heavy equity — buybacks exceed paid-in capital, so
  Equity:CommonStockAndAPIC carries a net debit (positive) balance every
  year; the balance sheet still ties to the filed totals.

Analysis

• Lam Research FY2026: The $23.2B Machine That Etches Every AI Chip — FY2026

Corrections

Found a figure that does not match the filing? Email
[email protected] with the period, the account
and the filing page. Corrections are committed with the source cited.

About Open Ledger

Open Ledger is a growing library of public-company financial statements
published as plain-text accounting at
beancount.io/ledger — git-versioned, diffable
across companies, and auditable against primary filings. Read the analysis
behind the numbers on the beancount.io blog.

Disclaimer

This ledger is an independent reconstruction of Lam Research Corporation's publicly filed
financial statements, provided for educational and informational purposes
only. It is not investment, financial, legal, tax, or accounting advice, and
is not an offer or recommendation to buy or sell any security. Beancount.io is
not affiliated with, endorsed by, or sponsored by Lam Research Corporation; all trademarks
belong to their respective owners. Figures may contain errors, omissions, or
simplifications and may lag the latest filings — the company's own regulatory
filings are the authoritative source. Provided "as is" without warranty of any
kind; use at your own risk.