Analysis of Revenues
Revenues as Reported
Lam Research Corp., income statement, revenues
US$ in thousands
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.