Stock Analysis on Net

Lam Research Corp. (NASDAQ:LRCX)

Analysis of Revenues 

Microsoft Excel

Revenues as Reported

Lam Research Corp., income statement, revenues

US$ in thousands

Microsoft Excel
12 months ended: Jun 30, 2024 Jun 25, 2023 Jun 26, 2022 Jun 27, 2021 Jun 28, 2020 Jun 30, 2019
Systems Revenue 8,921,643 10,695,897 11,322,271 9,764,845 6,625,130 6,451,104
Customer support-related revenue and other 5,983,743 6,732,619 5,904,768 4,861,305 3,419,606 3,202,455
Revenue 14,905,386 17,428,516 17,227,039 14,626,150 10,044,736 9,653,559

Based on: 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), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30).


Revenue Trends
The total revenue exhibited consistent growth from June 30, 2019, through June 25, 2023, increasing from approximately 9.65 billion USD to a peak of around 17.43 billion USD. However, in the latest period ending June 30, 2024, the revenue declined to about 14.91 billion USD, indicating a reversal in the previously upward trajectory.
Systems Revenue
Systems revenue followed a similar upward trend until June 26, 2022, reaching a maximum of roughly 11.32 billion USD. Afterward, it experienced a decline in the subsequent periods, decreasing to approximately 10.70 billion USD by June 25, 2023, and further down to about 8.92 billion USD by June 30, 2024. This downward movement contrasts with the earlier years of expansion.
Customer Support-Related Revenue and Other
Customer support-related revenue and other income steadily increased from June 30, 2019, at around 3.20 billion USD to a peak close to 6.73 billion USD in June 25, 2023. Despite this growth trend, a decrease was observed in the most recent period, declining to approximately 5.98 billion USD as of June 30, 2024.
Overall Insights
The data reveals a pattern of substantial growth in both core and support-related revenue streams over multiple years, with significant expansion until mid-2023. The subsequent decrease in revenues in the latest fiscal year suggests emerging challenges or market changes affecting the company. Close attention should be paid to factors contributing to this recent decline, as it may impact future financial performance.