Stock Analysis on Net
Stock Analysis on Net

Lam Research Corp. (NASDAQ:LRCX) 

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

Lam Research Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Jun 28, 2026 Jun 29, 2025 Jun 30, 2024 Jun 25, 2023 Jun 26, 2022 Jun 27, 2021
Trade accounts payable 5.54 4.00 3.28 2.51 5.88 5.22
Accrued compensation 2.96 2.90 2.76 2.56 2.80 3.48
Warranty reserves 1.15 1.17 1.22 1.37 1.35 1.11
Income and other taxes payable 1.12 2.54 1.00 2.45 2.71 2.19
Dividend payable 1.38 1.37 1.39 1.23 1.20 1.17
Other 3.39 3.25 3.25 3.09 3.43 2.87
Accrued expenses and other current liabilities 9.99% 11.22% 9.61% 10.71% 11.48% 10.82%
Deferred profit 9.69 12.02 7.56 9.03 9.14 6.09
Current portion of long-term debt and finance lease obligations 0.02 3.53 2.69 0.04 0.04 0.07
Current liabilities 25.23% 30.77% 23.14% 22.28% 26.55% 22.20%
Long-term debt and finance lease obligations, less current portion 15.85 17.48 23.89 26.64 29.07 31.40
Income taxes payable 2.90 2.83 4.34 4.70 5.41 5.97
Other long-term liabilities 3.02 2.72 3.07 2.67 2.46 2.51
Long-term liabilities 21.77% 23.03% 31.30% 34.00% 36.94% 39.88%
Total liabilities 47.00% 53.80% 54.44% 56.29% 63.49% 62.07%
Preferred stock, at par value of $0.001 per share; none outstanding 0.00 0.00 0.00 0.00 0.00 0.00
Common stock, at par value of $0.001 per share 0.01 0.01 0.00 0.00 0.00 0.00
Additional paid-in capital 39.29 40.75 43.88 41.58 43.12 44.38
Treasury stock, at cost -134.29 -130.07 -129.99 -114.64 -113.29 -98.46
Accumulated other comprehensive loss -0.54 -0.29 -0.70 -0.54 -0.64 -0.40
Retained earnings 148.54 135.81 132.36 117.31 107.32 92.40
Stockholders’ equity 53.00% 46.20% 45.56% 43.71% 36.51% 37.93%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

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).

The overall capital structure exhibits a significant shift toward equity financing, with total liabilities decreasing from 62.07% in 2021 to 47.00% by 2026. Concurrently, stockholders' equity has expanded from 37.93% to 53.00% over the same period, reflecting a strengthening of the solvency position and a reduction in overall financial leverage.

Long-Term Liability Trends
A consistent decline is observed in long-term liabilities, which fell from 39.88% in 2021 to 21.77% in 2026. This contraction is primarily driven by a substantial reduction in long-term debt and finance lease obligations, which decreased from 31.40% to 15.85%. This trend indicates a strategic deleveraging of the balance sheet.
Current Liability Composition
Current liabilities fluctuated between 22.20% and 30.77%, peaking in 2025 before settling at 25.23% in 2026. Trade accounts payable showed a general upward trajectory, increasing from 5.22% to 5.54%. Deferred profit exhibited volatility, reaching a peak of 12.02% in 2025. Notably, the current portion of long-term debt and finance lease obligations spiked to 3.53% in 2025 but returned to a nominal 0.02% by 2026, suggesting the settlement of short-term debt maturities.
Stockholders' Equity Dynamics
Equity growth is characterized by a substantial increase in retained earnings, which rose from 92.40% to 148.54% of total liabilities and equity. This suggests strong profit retention and internal capital generation. Simultaneously, there is a significant increase in the contra-equity account for treasury stock, moving from -98.46% in 2021 to -134.29% in 2026, indicating aggressive share buyback activity. Additional paid-in capital remained relatively stable, fluctuating within a range of 39.29% to 44.38%.

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