Balance Sheet: Assets
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
Lam Research Corp., consolidated balance sheet: assets (quarterly data)
US$ in thousands
Based on: 10-K (reporting date: 2026-06-28), 10-Q (reporting date: 2026-03-29), 10-Q (reporting date: 2025-12-28), 10-Q (reporting date: 2025-09-28), 10-K (reporting date: 2025-06-29), 10-Q (reporting date: 2025-03-30), 10-Q (reporting date: 2024-12-29), 10-Q (reporting date: 2024-09-29), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-24), 10-Q (reporting date: 2023-09-24), 10-K (reporting date: 2023-06-25), 10-Q (reporting date: 2023-03-26), 10-Q (reporting date: 2022-12-25), 10-Q (reporting date: 2022-09-25), 10-K (reporting date: 2022-06-26), 10-Q (reporting date: 2022-03-27), 10-Q (reporting date: 2021-12-26), 10-Q (reporting date: 2021-09-26), 10-K (reporting date: 2021-06-27), 10-Q (reporting date: 2021-03-28), 10-Q (reporting date: 2020-12-27), 10-Q (reporting date: 2020-09-27).
The overall asset base exhibits a consistent upward trajectory, growing from approximately 15.06 billion US dollars in September 2020 to 23.53 billion US dollars by June 2026. This growth is characterized by a combination of strategic expansions in long-term infrastructure and fluctuations in short-term working capital components.
- Liquidity and Cash Management
- Cash and cash equivalents demonstrate a general increasing trend despite periodic volatility. After fluctuating between 3.6 billion and 5.6 billion US dollars through 2023, a more pronounced growth phase occurred, peaking at 6.69 billion US dollars in June 2025. While a subsequent dip to 4.75 billion US dollars was recorded in December 2025, the balance recovered to 5.58 billion US dollars by June 2026, indicating a strong and flexible liquidity position.
- Working Capital Dynamics
- Accounts receivable show significant volatility, increasing from 2.32 billion US dollars in September 2020 to a peak of 4.57 billion US dollars in September 2022, followed by a sharp contraction to 2.20 billion US dollars by March 2024. A subsequent aggressive recovery is observed, with the balance reaching 5.34 billion US dollars by June 2026, suggesting shifts in revenue recognition cycles or customer payment terms. Inventories followed a similar growth pattern, rising from 2.14 billion US dollars in 2020 to a peak of 4.88 billion US dollars in March 2023, before stabilizing in the 4.0 to 4.3 billion US dollar range through 2026.
- Fixed Asset and Long-Term Investment
- Property and equipment, net, exhibit the most consistent linear growth of all asset categories, expanding from 1.13 billion US dollars in September 2020 to 2.96 billion US dollars in June 2026. This steady increase indicates sustained capital expenditure in production capacity and infrastructure. Similarly, other assets grew from 1.00 billion US dollars to 3.07 billion US dollars over the same period, contributing significantly to the expansion of the total long-term asset base.
- Asset Compositional Shifts
- A notable shift occurred in prepaid expenses and other current assets, which declined sharply from 2.69 billion US dollars in September 2020 to a stabilized baseline of approximately 300 to 400 million US dollars starting in 2022. This suggests a fundamental change in operational payment structures or a reduction in deferred costs. While current assets remain the dominant portion of the balance sheet, the growth rate of long-term assets has outpaced that of current assets over the observed period.
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