Lam Research Corporation (LRCX) Balance Sheet
LRCX balance sheet, FY2026
June 30, 2026 · U.S. dollars$23.53B assets = $11.06B liabilities + $12.47B equity
Both columns are drawn to the same scale: what LRCX owns equals what it owes plus shareholders’ equity. Hover a block for its value.
LRCX financial health
Current ratio2.63
Comfortable · current assets cover current liabilities 2.63×
Debt / equity0.33
Low leverage · $0.33 of debt for each $1 of equity
Equity / assets53.0%
Equity-funded · of assets funded by shareholders
Cash / debt135.4%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles15.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
LRCX balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $12.12BFY2017 | $23.53BFY2026 | +7.6%/yr | |
| Total liabilities | $5.14BFY2017 | $11.06BFY2026 | +8.9%/yr | |
| Shareholders’ equity | $6.99BFY2017 | $12.47BFY2026 | +6.6%/yr | |
| Cash & short-term investments | $6.04BFY2017 | $5.58BFY2026 | −0.9%/yr | |
| Total debt | $2.69BFY2017 | $4.12BFY2026 | +4.8%/yr | |
| Net cash (debt) | $3.35BFY2017 | $1.46BFY2026 | −$1.9B | |
| Working capital | $6.19BFY2017 | $9.67BFY2026 | +$3.5B | |
| Book value per share | $3.80FY2017 | $9.89FY2026 | +11.2%/yr | |
| Current ratio | 3.10FY2017 | 2.63FY2026 | −0.47 | |
| Debt / equity | 0.39FY2017 | 0.33FY2026 | −0.05 | |
| Shares outstanding | 1.84BFY2017 | 1.26BFY2026 | −4.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LRCX assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
LRCX liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
LRCX debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
LRCX balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $5.58B | $6.39B | $5.85B | $5.37B | $3.66B | $5.73B | $6.71B | $5.43B | $4.95B | $6.04B |
| Cash & equivalents | $5.58B | $6.39B | $5.85B | $5.34B | $3.52B | $4.42B | $4.92B | $3.66B | $4.51B | $2.38B |
| Short-term investments | — | — | — | $37.6M | $135.7M | $1.31B | $1.80B | $1.77B | $437.3M | $3.66B |
| Receivables | $5.34B | $3.38B | $2.52B | $2.82B | $4.31B | $3.03B | $2.10B | $1.46B | $2.18B | $1.67B |
| Inventory | $4.28B | $4.31B | $4.22B | $4.82B | $3.97B | $2.69B | $1.90B | $1.54B | $1.88B | $1.23B |
| Other current assets | $415.7M | $440.3M | $298.2M | $214.1M | $347.4M | $207.5M | $146.2M | $133.5M | $147.2M | $195.0M |
| Total current assets | $15.61B | $14.52B | $12.88B | $13.23B | $12.29B | $11.65B | $10.85B | $8.56B | $9.15B | $9.14B |
| Property, plant & equipment (net) | $2.96B | $2.43B | $2.15B | $1.86B | $1.65B | $1.30B | $1.07B | $1.06B | $902.5M | $685.6M |
| Goodwill & intangible assets | $3.52B | $1.81B | $1.77B | $1.79B | $1.62B | $1.75B | $1.82B | $1.92B | $2.12B | $2.21B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.5M | $0 | $0 |
| Other non-current assets | $1.44B | $2.59B | $1.94B | $1.91B | $1.65B | $1.18B | $812.5M | $461.8M | $306.4M | $87.0M |
| Total assets | $23.53B | $21.35B | $18.74B | $18.78B | $17.20B | $15.89B | $14.56B | $12.00B | $12.48B | $12.12B |
| Liabilities | ||||||||||
| Accounts payable | $1.30B | $854.2M | $614.0M | $1.01B | $1.01B | $829.7M | $592.4M | $376.6M | $511.0M | $464.6M |
| Short-term debt | $94.5M | $833.0M | $504.8M | $8.4M | $7.4M | $11.3M | $839.9M | $667.1M | $610.0M | $908.4M |
| Deferred revenue | $2.28B | $2.57B | $1.42B | −$1.01B | $1.57B | $967.3M | $457.5M | $381.3M | $720.1M | $607.7M |
| Total current liabilities | $5.94B | $6.57B | $4.34B | $4.18B | $4.56B | $3.53B | $3.16B | $2.37B | $3.15B | $2.95B |
| Long-term debt | $3.72B | $3.72B | $4.47B | $5.00B | $5.00B | $4.99B | $4.97B | $3.82B | $1.81B | $1.78B |
| Lease obligations | $12.5M | $15.1M | $16.0M | $46.6M | $43.4M | $40.7M | $15.2M | — | — | — |
| Other long-term liabilities | $1.40B | $1.20B | $1.40B | $1.38B | $1.35B | $1.35B | $1.24B | $1.08B | $942.6M | $400.4M |
| Total liabilities | $11.06B | $11.48B | $10.21B | $10.57B | $10.92B | $9.86B | $9.38B | $7.28B | $5.90B | $5.14B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.3M | $1.3M | $130,000 | $133,000 | $137,000 | $143,000 | $145,000 | $144,000 | $157,000 | $162,000 |
| Retained earnings (deficit) | $34.95B | $28.99B | $24.81B | $22.03B | $18.45B | $14.68B | $11.52B | $9.93B | $8.26B | $6.25B |
| Treasury stock | — | — | — | — | −$19.48B | −$15.65B | −$12.95B | −$11.60B | −$7.85B | −$5.22B |
| Accumulated other comprehensive income | −$127.1M | −$62.4M | −$130.4M | −$100.7M | −$110.0M | −$64.1M | −$94.2M | −$64.0M | −$57.4M | −$61.7M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $12.47B | $9.86B | $8.54B | $8.21B | $6.28B | $6.03B | $5.18B | $4.72B | $6.58B | $6.99B |
| Key figures | ||||||||||
| Total debt | $4.12B | $4.76B | $4.98B | $5.01B | $5.01B | $5.00B | $5.81B | $4.49B | $2.42B | $2.69B |
| Net cash (debt) | $1.46B | $1.63B | $864.5M | $363.2M | −$1.35B | $727.5M | $899.5M | $941.3M | $2.53B | $3.35B |
| Working capital | $9.67B | $7.95B | $8.54B | $9.04B | $7.72B | $8.12B | $7.69B | $6.19B | $6.00B | $6.19B |
| Tangible book value | $8.95B | $8.05B | $6.77B | $6.42B | $4.66B | $4.27B | $3.36B | $2.80B | $4.46B | $4.78B |
| Book value per share | $9.89 | $7.64 | $6.47 | $6.04 | $4.46 | $4.15 | $3.48 | $2.95 | $3.64 | $3.80 |
| Shares outstanding | 1.26B | 1.29B | 1.32B | 1.36B | 1.41B | 1.45B | 1.49B | 1.60B | 1.81B | 1.84B |
| Current ratio | 2.63 | 2.21 | 2.97 | 3.16 | 2.69 | 3.30 | 3.43 | 3.61 | 2.90 | 3.10 |
| Quick ratio | 1.84 | 1.49 | 1.93 | 1.96 | 1.75 | 2.48 | 2.78 | 2.90 | 2.26 | 2.62 |
| Debt / equity | 0.33 | 0.48 | 0.58 | 0.61 | 0.80 | 0.83 | 1.12 | 0.95 | 0.37 | 0.39 |
| Equity / assets | 53.0% | 46.2% | 45.6% | 43.7% | 36.5% | 37.9% | 35.6% | 39.4% | 52.7% | 57.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $5.58B | $4.75B | $6.18B | $6.69B | $6.39B | $5.45B | $5.67B | $6.07B | $5.85B | $5.67B | $5.64B | $5.16B |
| Cash & equivalents | $5.58B | $4.75B | $6.18B | $6.69B | $6.39B | $5.45B | $5.67B | $6.07B | $5.85B | $5.67B | $5.62B | $5.13B |
| Short-term investments | — | — | — | — | — | — | — | — | — | $0 | $14.7M | $30.6M |
| Receivables | $5.34B | $4.13B | $3.49B | $3.63B | $3.38B | $3.23B | $3.30B | $2.94B | $2.52B | $2.20B | $2.71B | $2.81B |
| Inventory | $4.28B | $4.00B | $4.04B | $4.10B | $4.31B | $4.46B | $4.36B | $4.21B | $4.22B | $4.32B | $4.43B | $4.75B |
| Other current assets | $415.7M | $413.1M | $307.9M | $385.6M | $440.3M | $318.1M | $284.4M | $277.8M | $298.2M | $289.5M | $279.2M | $278.1M |
| Total current assets | $15.61B | $13.30B | $14.02B | $14.81B | $14.52B | $13.46B | $13.61B | $13.49B | $12.88B | $12.49B | $13.05B | $12.99B |
| Property, plant & equipment (net) | $2.96B | $2.85B | $2.71B | $2.51B | $2.43B | $2.37B | $2.31B | $2.21B | $2.15B | $2.18B | $2.15B | $2.11B |
| Goodwill & intangible assets | $3.52B | $1.88B | $1.86B | $3.65B | $1.81B | $1.80B | $1.76B | $1.76B | $1.77B | $1.77B | $1.78B | $1.78B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.44B | $2.76B | $2.80B | $929.1M | $2.59B | $2.34B | $2.15B | $2.07B | $1.94B | $1.84B | $1.80B | $1.65B |
| Total assets | $23.53B | $20.79B | $21.39B | $21.90B | $21.35B | $19.97B | $19.84B | $19.53B | $18.74B | $18.28B | $18.78B | $18.54B |
| Liabilities | ||||||||||||
| Accounts payable | $1.30B | $1.07B | $1.03B | $863.2M | $854.2M | $853.3M | $822.3M | $704.2M | $614.0M | $531.6M | $499.7M | $528.2M |
| Short-term debt | $94.5M | $4.1M | $754.0M | $754.4M | $754.3M | $754.3M | $504.1M | $504.7M | $504.8M | $505.1M | $3.8M | $3.9M |
| Deferred revenue | $2.28B | $2.09B | $2.16B | $2.65B | $2.57B | $1.88B | $1.93B | $1.94B | $1.42B | $1.60B | $1.79B | $1.60B |
| Total current liabilities | $5.94B | $5.24B | $6.21B | $6.71B | $6.57B | $5.49B | $5.35B | $5.34B | $4.34B | $4.43B | $4.27B | $4.25B |
| Long-term debt | $3.72B | $3.73B | $3.73B | $3.73B | $3.72B | $3.73B | $4.48B | $4.48B | $4.47B | $4.48B | $4.98B | $4.98B |
| Lease obligations | $12.5M | — | — | — | $15.1M | — | — | — | $16.0M | — | — | — |
| Other long-term liabilities | $1.40B | $1.23B | $1.30B | $1.27B | $1.20B | $1.24B | $1.20B | $1.24B | $1.40B | $1.35B | $1.31B | $1.26B |
| Total liabilities | $11.06B | $10.21B | $11.25B | $11.71B | $11.48B | $10.46B | $11.03B | $11.06B | $10.21B | $10.26B | $10.56B | $10.49B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $130,000 | $131,000 | $131,000 | $132,000 |
| Retained earnings (deficit) | $34.95B | $33.00B | $31.50B | $30.23B | $28.99B | $27.56B | $26.53B | $25.63B | $24.81B | $24.05B | $23.35B | $22.66B |
| Accumulated other comprehensive income | −$127.1M | −$121.4M | −$98.7M | −$73.6M | −$62.4M | −$123.9M | −$134.1M | −$87.8M | −$130.4M | −$127.8M | −$117.7M | −$121.3M |
| Total shareholders' equity | $12.47B | $10.58B | $10.15B | $10.19B | $9.86B | $9.51B | $8.81B | $8.47B | $8.54B | $8.02B | $8.22B | $8.05B |
| Key figures | ||||||||||||
| Total debt | $4.12B | $3.73B | $4.48B | $4.48B | $4.48B | $4.48B | $4.98B | $4.98B | $4.98B | $4.98B | $4.98B | $4.98B |
| Net cash (debt) | $1.46B | $1.02B | $1.70B | $2.21B | $1.91B | $966.4M | $683.1M | $1.08B | $864.5M | $688.8M | $654.2M | $172.4M |
| Working capital | $9.67B | $8.05B | $7.80B | $8.10B | $7.95B | $7.97B | $8.26B | $8.15B | $8.54B | $8.06B | $8.78B | $8.75B |
| Tangible book value | $8.95B | $8.70B | $8.28B | $6.54B | $8.05B | $7.72B | $7.05B | $6.71B | $6.77B | $6.25B | $6.44B | $6.26B |
| Book value per share | $9.89 | $8.42 | $8.02 | $8.03 | $7.72 | $7.38 | $6.82 | $6.50 | $6.51 | $6.10 | $6.22 | $6.04 |
| Shares outstanding | 1.26B | 1.26B | 1.27B | 1.27B | 1.28B | 1.29B | 1.29B | 1.30B | 1.31B | 1.32B | 1.32B | 1.33B |
| Current ratio | 2.63 | 2.54 | 2.26 | 2.21 | 2.21 | 2.45 | 2.54 | 2.53 | 2.97 | 2.82 | 3.06 | 3.06 |
| Quick ratio | 1.84 | 1.69 | 1.56 | 1.54 | 1.49 | 1.58 | 1.68 | 1.69 | 1.93 | 1.78 | 1.95 | 1.88 |
| Debt / equity | 0.33 | 0.35 | 0.44 | 0.44 | 0.45 | 0.47 | 0.57 | 0.59 | 0.58 | 0.62 | 0.61 | 0.62 |
| Equity / assets | 53.0% | 50.9% | 47.4% | 46.5% | 46.2% | 47.6% | 44.4% | 43.4% | 45.6% | 43.9% | 43.8% | 43.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed August 7, 2026); data from EODHD.
LRCX financial position
At the end of fiscal 2026 (June 30, 2026), Lam Research had total assets of $23.5 billion (up 10.2% from a year earlier), total liabilities of $11.1 billion and shareholders' equity of $12.5 billion. It held $5.6 billion in cash and short-term investments against $4.1 billion of debt, a net cash position of $1.5 billion. Its current ratio was 2.63.
Related: LRCX income statement, LRCX cash flow statement, LRCX key metrics. See the LRCX stock overview for the latest quote and news.
LRCX balance sheet FAQ
What are Lam Research's total assets?
Lam Research reported total assets of $23.5 billion at the end of fiscal 2026 (June 30, 2026), compared with $21.3 billion a year earlier.
How much debt does Lam Research have?
Lam Research had $4.1 billion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.33.
How much cash does Lam Research have?
Lam Research held $5.6 billion in cash and short-term investments at the end of fiscal 2026; with $4.1 billion of debt that is net cash of $1.5 billion.
What is Lam Research's book value?
Lam Research's shareholders' equity (book value) was $12.5 billion at the end of fiscal 2026, or $9.89 per share.
What is Lam Research's current ratio?
Lam Research had current assets of $15.6 billion and current liabilities of $5.9 billion, a current ratio of 2.63 (it can cover its short-term obligations).
How much goodwill does Lam Research have?
Lam Research carried $3.5 billion of goodwill and intangible assets, 15.0% of total assets, at the end of fiscal 2026.