Stock Analysis on Net
Stock Analysis on Net

Lam Research Corp. (NASDAQ:LRCX)

$24.99

Analysis of Inventory

Microsoft Excel

Inventory Disclosure

Lam Research Corp., balance sheet: inventory

US$ in thousands

Microsoft Excel
Jun 28, 2026 Jun 29, 2025 Jun 30, 2024 Jun 25, 2023 Jun 26, 2022 Jun 27, 2021
Raw materials
Work-in-process
Finished goods
Inventories

Based on: 10-K (reporting date: 2026-06-28), 10-K (reporting date: 2025-06-29), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27).


Total inventory levels experienced a period of significant expansion between June 2021 and June 2023, rising from 2.69 billion USD to a peak of 4.82 billion USD. Following this peak, the overall inventory value entered a stabilization phase, fluctuating within a narrow range between 4.22 billion USD and 4.31 billion USD from June 2024 through June 2026.

Raw Materials Trajectory
Raw materials represented the largest component of the total inventory across the entire period. A sharp increase was observed from 2021 to 2023, with values peaking at 3.20 billion USD. Subsequently, a consistent downward trend occurred over the following three years, with the balance declining to 2.55 billion USD by June 2026.
Work-in-Process Volatility
Work-in-process inventory demonstrated the highest degree of fluctuation. After an initial increase to 471.35 million USD in 2022, levels declined and remained relatively stagnant between 282 million USD and 284 million USD during the 2024 and 2025 fiscal years. A notable surge occurred in June 2026, with values rising to 449.67 million USD, suggesting an increase in active production volume.
Finished Goods Analysis
Finished goods showed a general upward trend over the six-year period, growing from 778.15 million USD in 2021 to 1.28 billion USD in 2026. Despite a temporary contraction in June 2024 to 1.01 billion USD, the category reached its maximum valuation of 1.36 billion USD in June 2025.