
Lam Research Corp
NASDAQ:LRCX

Income Statement
Earnings Waterfall
Lam Research Corp
Revenue
|
16.2B
USD
|
Cost of Revenue
|
-8.5B
USD
|
Gross Profit
|
7.7B
USD
|
Operating Expenses
|
-2.9B
USD
|
Operating Income
|
4.8B
USD
|
Other Expenses
|
-523.1m
USD
|
Net Income
|
4.3B
USD
|
Income Statement
Lam Research Corp
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
4 861
N/A
|
5 027
+3%
|
5 259
+5%
|
5 707
+9%
|
5 900
+3%
|
5 821
-1%
|
5 886
+1%
|
5 918
+1%
|
6 375
+8%
|
7 215
+13%
|
8 014
+11%
|
8 859
+11%
|
9 558
+8%
|
10 296
+8%
|
11 077
+8%
|
10 930
-1%
|
10 871
-1%
|
10 418
-4%
|
9 654
-7%
|
9 489
-2%
|
9 549
+1%
|
9 614
+1%
|
10 045
+4%
|
11 056
+10%
|
11 929
+8%
|
13 273
+11%
|
14 626
+10%
|
15 754
+8%
|
16 524
+5%
|
16 737
+1%
|
17 227
+3%
|
17 997
+4%
|
19 048
+6%
|
18 857
-1%
|
17 429
-8%
|
15 836
-9%
|
14 317
-10%
|
14 241
-1%
|
14 905
+5%
|
15 591
+5%
|
16 209
+4%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(2 731)
|
(2 827)
|
(2 975)
|
(3 206)
|
(3 309)
|
(3 259)
|
(3 267)
|
(3 306)
|
(3 542)
|
(3 982)
|
(4 410)
|
(4 823)
|
(5 163)
|
(5 541)
|
(5 912)
|
(5 856)
|
(5 858)
|
(5 661)
|
(5 295)
|
(5 207)
|
(5 233)
|
(5 205)
|
(5 436)
|
(5 923)
|
(6 371)
|
(7 102)
|
(7 821)
|
(8 478)
|
(8 874)
|
(9 050)
|
(9 355)
|
(9 765)
|
(10 417)
|
(10 371)
|
(9 573)
|
(8 656)
|
(7 740)
|
(7 521)
|
(7 809)
|
(8 155)
|
(8 472)
|
|
Gross Profit |
2 130
N/A
|
2 200
+3%
|
2 284
+4%
|
2 501
+9%
|
2 591
+4%
|
2 562
-1%
|
2 619
+2%
|
2 613
0%
|
2 833
+8%
|
3 233
+14%
|
3 603
+11%
|
4 037
+12%
|
4 395
+9%
|
4 755
+8%
|
5 165
+9%
|
5 074
-2%
|
5 013
-1%
|
4 757
-5%
|
4 358
-8%
|
4 282
-2%
|
4 317
+1%
|
4 409
+2%
|
4 609
+5%
|
5 133
+11%
|
5 557
+8%
|
6 170
+11%
|
6 805
+10%
|
7 276
+7%
|
7 650
+5%
|
7 686
+0%
|
7 872
+2%
|
8 232
+5%
|
8 630
+5%
|
8 486
-2%
|
7 855
-7%
|
7 181
-9%
|
6 577
-8%
|
6 720
+2%
|
7 096
+6%
|
7 436
+5%
|
7 737
+4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(1 365)
|
(1 387)
|
(1 417)
|
(1 546)
|
(1 586)
|
(1 606)
|
(1 545)
|
(1 558)
|
(1 577)
|
(1 666)
|
(1 701)
|
(1 793)
|
(1 818)
|
(1 889)
|
(1 954)
|
(1 963)
|
(1 990)
|
(1 953)
|
(1 891)
|
(1 871)
|
(1 910)
|
(1 874)
|
(1 935)
|
(2 036)
|
(2 137)
|
(2 249)
|
(2 323)
|
(2 383)
|
(2 428)
|
(2 468)
|
(2 490)
|
(2 524)
|
(2 581)
|
(2 579)
|
(2 560)
|
(2 551)
|
(2 553)
|
(2 658)
|
(2 771)
|
(2 880)
|
(2 920)
|
|
Selling, General & Administrative |
(608)
|
(598)
|
(592)
|
(596)
|
(612)
|
(628)
|
(631)
|
(643)
|
(636)
|
(644)
|
(667)
|
(683)
|
(710)
|
(741)
|
(765)
|
(756)
|
(738)
|
(729)
|
(700)
|
(683)
|
(689)
|
(664)
|
(682)
|
(715)
|
(759)
|
(798)
|
(830)
|
(862)
|
(880)
|
(893)
|
(886)
|
(869)
|
(867)
|
(843)
|
(833)
|
(834)
|
(829)
|
(852)
|
(868)
|
(904)
|
(920)
|
|
Research & Development |
(757)
|
(789)
|
(825)
|
(871)
|
(895)
|
(898)
|
(914)
|
(915)
|
(941)
|
(985)
|
(1 034)
|
(1 074)
|
(1 108)
|
(1 148)
|
(1 190)
|
(1 206)
|
(1 210)
|
(1 223)
|
(1 191)
|
(1 186)
|
(1 220)
|
(1 209)
|
(1 252)
|
(1 321)
|
(1 377)
|
(1 450)
|
(1 493)
|
(1 520)
|
(1 549)
|
(1 575)
|
(1 604)
|
(1 655)
|
(1 714)
|
(1 736)
|
(1 727)
|
(1 716)
|
(1 724)
|
(1 807)
|
(1 902)
|
(1 975)
|
(2 000)
|
|
Other Operating Expenses |
0
|
0
|
0
|
(79)
|
(79)
|
(79)
|
0
|
0
|
0
|
(36)
|
0
|
(36)
|
0
|
0
|
0
|
0
|
(42)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
765
N/A
|
813
+6%
|
868
+7%
|
955
+10%
|
1 005
+5%
|
956
-5%
|
1 074
+12%
|
1 055
-2%
|
1 256
+19%
|
1 567
+25%
|
1 902
+21%
|
2 244
+18%
|
2 577
+15%
|
2 866
+11%
|
3 211
+12%
|
3 111
-3%
|
3 023
-3%
|
2 804
-7%
|
2 467
-12%
|
2 411
-2%
|
2 407
0%
|
2 535
+5%
|
2 674
+5%
|
3 097
+16%
|
3 421
+10%
|
3 922
+15%
|
4 482
+14%
|
4 893
+9%
|
5 222
+7%
|
5 218
0%
|
5 382
+3%
|
5 707
+6%
|
6 049
+6%
|
5 907
-2%
|
5 295
-10%
|
4 630
-13%
|
4 024
-13%
|
4 062
+1%
|
4 325
+6%
|
4 557
+5%
|
4 817
+6%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(46)
|
(44)
|
(51)
|
(60)
|
(80)
|
(97)
|
(121)
|
(113)
|
(96)
|
(77)
|
(60)
|
(37)
|
(22)
|
(17)
|
(5)
|
5
|
4
|
(2)
|
(16)
|
(40)
|
(56)
|
(76)
|
(95)
|
(132)
|
(168)
|
(186)
|
(196)
|
(190)
|
(182)
|
(178)
|
(170)
|
(154)
|
(141)
|
(108)
|
(55)
|
(18)
|
23
|
55
|
62
|
63
|
60
|
|
Non-Reccuring Items |
0
|
0
|
(79)
|
0
|
0
|
0
|
0
|
0
|
(36)
|
0
|
(36)
|
0
|
0
|
(42)
|
(42)
|
(42)
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(107)
|
(120)
|
(130)
|
(147)
|
(70)
|
(62)
|
(52)
|
(35)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
94
|
91
|
3
|
(8)
|
(9)
|
(11)
|
7
|
3
|
(3)
|
(0)
|
6
|
0
|
0
|
(9)
|
(12)
|
(19)
|
(46)
|
(7)
|
(5)
|
9
|
42
|
(23)
|
(4)
|
8
|
27
|
75
|
85
|
88
|
129
|
103
|
(18)
|
(49)
|
(108)
|
(87)
|
(11)
|
(2)
|
15
|
23
|
34
|
61
|
49
|
|
Pre-Tax Income |
813
N/A
|
860
+6%
|
741
-14%
|
887
+20%
|
916
+3%
|
849
-7%
|
960
+13%
|
945
-2%
|
1 121
+19%
|
1 490
+33%
|
1 812
+22%
|
2 207
+22%
|
2 556
+16%
|
2 797
+9%
|
3 152
+13%
|
3 055
-3%
|
2 981
-2%
|
2 795
-6%
|
2 447
-12%
|
2 380
-3%
|
2 393
+1%
|
2 436
+2%
|
2 575
+6%
|
2 973
+15%
|
3 280
+10%
|
3 810
+16%
|
4 371
+15%
|
4 792
+10%
|
5 168
+8%
|
5 143
0%
|
5 193
+1%
|
5 504
+6%
|
5 800
+5%
|
5 605
-3%
|
5 109
-9%
|
4 480
-12%
|
3 915
-13%
|
4 069
+4%
|
4 360
+7%
|
4 629
+6%
|
4 890
+6%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(97)
|
(102)
|
(85)
|
(83)
|
(67)
|
(62)
|
(46)
|
(55)
|
(121)
|
(60)
|
(114)
|
(182)
|
(171)
|
(208)
|
(176)
|
(137)
|
(187)
|
(233)
|
(255)
|
(256)
|
(323)
|
(339)
|
(323)
|
(363)
|
(316)
|
(350)
|
(462)
|
(527)
|
(578)
|
(602)
|
(588)
|
(653)
|
(675)
|
(687)
|
(598)
|
(508)
|
(457)
|
(459)
|
(532)
|
(572)
|
(596)
|
|
Income from Continuing Operations |
716
|
758
|
656
|
803
|
849
|
786
|
914
|
889
|
999
|
1 430
|
1 698
|
2 025
|
2 385
|
2 589
|
2 976
|
2 919
|
2 794
|
2 562
|
2 191
|
2 124
|
2 070
|
2 097
|
2 252
|
2 609
|
2 964
|
3 460
|
3 908
|
4 265
|
4 590
|
4 541
|
4 605
|
4 851
|
5 125
|
4 917
|
4 511
|
3 972
|
3 458
|
3 610
|
3 828
|
4 057
|
4 294
|
|
Net Income (Common) |
716
N/A
|
758
+6%
|
656
-13%
|
803
+23%
|
849
+6%
|
786
-7%
|
914
+16%
|
889
-3%
|
999
+12%
|
1 430
+43%
|
1 698
+19%
|
2 025
+19%
|
1 682
-17%
|
1 886
+12%
|
2 381
+26%
|
2 323
-2%
|
2 902
+25%
|
2 671
-8%
|
2 191
-18%
|
2 124
-3%
|
2 070
-3%
|
2 097
+1%
|
2 252
+7%
|
2 609
+16%
|
2 964
+14%
|
3 460
+17%
|
3 908
+13%
|
4 265
+9%
|
4 590
+8%
|
4 541
-1%
|
4 605
+1%
|
4 851
+5%
|
5 125
+6%
|
4 917
-4%
|
4 511
-8%
|
3 972
-12%
|
3 458
-13%
|
3 610
+4%
|
3 828
+6%
|
4 057
+6%
|
4 294
+6%
|
|
EPS (Diluted) |
0.41
N/A
|
0.43
+5%
|
0.37
-14%
|
0.46
+24%
|
0.49
+7%
|
0.45
-8%
|
0.52
+16%
|
0.51
-2%
|
0.56
+10%
|
0.79
+41%
|
0.92
+16%
|
1.09
+18%
|
1.04
-5%
|
1.04
N/A
|
1.31
+26%
|
1.4
+7%
|
1.78
+27%
|
1.69
-5%
|
1.37
-19%
|
1.4
+2%
|
1.37
-2%
|
1.41
+3%
|
1.51
+7%
|
1.76
+17%
|
2.02
+15%
|
2.39
+18%
|
2.69
+13%
|
2.99
+11%
|
3.24
+8%
|
3.24
N/A
|
3.27
+1%
|
3.53
+8%
|
3.75
+6%
|
3.63
-3%
|
3.32
-9%
|
2.98
-10%
|
2.61
-12%
|
2.74
+5%
|
2.9
+6%
|
3.11
+7%
|
3.32
+7%
|