Name: Lam Research Corp. (NASDAQ:LRCX) | Balance Sheet: Assets (Quarterly)
Creator: Stock Analysis on Net

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.

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Lam Research Corp., consolidated balance sheet: assets (quarterly data)

US$ in thousands

	Sep 27, 2026	Jun 28, 2026	Mar 29, 2026	Dec 28, 2025	Sep 28, 2025	Jun 29, 2025	Mar 30, 2025	Dec 29, 2024	Sep 29, 2024	Jun 30, 2024	Mar 31, 2024	Dec 24, 2023	Sep 24, 2023	Jun 25, 2023	Mar 26, 2023	Dec 25, 2022	Sep 25, 2022	Jun 26, 2022	Mar 27, 2022	Dec 26, 2021	Sep 26, 2021	Jun 27, 2021	Mar 28, 2021	Dec 27, 2020	Sep 27, 2020
Cash and cash equivalents	7,437,384)	5,579,171)	4,750,936)	6,180,440)	6,693,046)	6,390,659)	5,450,718)	5,665,379)	6,067,471)	5,847,856)	5,672,232)	5,623,289)	5,126,150)	5,337,056)	5,305,648)	4,484,716)	4,256,499)	3,522,001)	4,194,719)	5,086,544)	4,042,151)	4,418,263)	3,673,366)	3,687,165)	4,129,067)
Accounts receivable, less allowance	5,658,379)	5,339,682)	4,132,890)	3,491,987)	3,633,034)	3,378,071)	3,228,182)	3,304,946)	2,937,217)	2,519,250)	2,203,707)	2,707,458)	2,810,953)	2,823,376)	3,262,140)	4,070,088)	4,569,735)	4,313,818)	3,702,320)	3,402,840)	3,397,180)	3,026,430)	2,809,068)	2,900,362)	2,317,922)
Inventories	4,550,544)	4,276,111)	3,999,992)	4,037,682)	4,095,054)	4,307,991)	4,463,275)	4,358,152)	4,209,878)	4,217,924)	4,322,967)	4,429,906)	4,747,781)	4,816,190)	4,881,935)	4,819,966)	4,360,325)	3,966,294)	3,479,332)	3,074,177)	2,872,141)	2,689,294)	2,552,032)	2,348,955)	2,138,050)
Prepaid expenses and other current assets	477,805)	415,741)	413,099)	307,914)	385,580)	440,274)	318,147)	284,370)	277,802)	298,190)	289,530)	293,959)	308,678)	251,790)	280,304)	334,018)	426,105)	483,122)	511,730)	539,301)	833,210)	1,518,400)	2,287,804)	2,531,470)	2,689,844)
Current assets	18,124,112)	15,610,705)	13,296,917)	14,018,023)	14,806,714)	14,516,995)	13,460,322)	13,612,847)	13,492,368)	12,883,220)	12,488,436)	13,054,612)	12,993,562)	13,228,412)	13,730,027)	13,708,788)	13,612,664)	12,285,235)	11,888,101)	12,102,862)	11,144,682)	11,652,387)	11,322,270)	11,467,952)	11,274,883)
Property and equipment, net	3,126,029)	2,956,472)	2,853,614)	2,710,989)	2,510,531)	2,428,744)	2,372,203)	2,313,590)	2,214,269)	2,154,518)	2,181,741)	2,147,482)	2,110,511)	1,856,672)	1,855,117)	1,863,155)	1,718,791)	1,647,587)	1,561,875)	1,503,385)	1,372,533)	1,303,479)	1,279,836)	1,208,285)	1,133,529)
Goodwill and intangible assets, net	1,911,547)	1,895,859)	1,882,017)	1,864,037)	1,826,950)	1,808,685)	1,795,248)	1,761,021)	1,758,344)	1,765,073)	1,768,998)	1,777,593)	1,784,000)	1,790,943)	1,801,819)	1,805,218)	1,624,932)	1,616,963)	1,627,035)	1,601,755)	1,614,959)	1,622,499)	1,633,254)	1,641,168)	1,646,343)
Other assets	3,191,368)	3,066,707)	2,759,362)	2,798,122)	2,756,016)	2,590,836)	2,340,537)	2,152,458)	2,067,508)	1,941,917)	1,840,475)	1,804,165)	1,650,384)	1,905,616)	1,856,398)	1,829,220)	1,764,895)	1,645,847)	1,512,020)	1,477,426)	1,433,378)	1,313,787)	1,049,553)	1,052,969)	1,002,253)
Long-term assets	8,228,944)	7,919,038)	7,494,993)	7,373,148)	7,093,497)	6,828,265)	6,507,988)	6,227,069)	6,040,121)	5,861,508)	5,791,214)	5,729,240)	5,544,895)	5,553,231)	5,513,334)	5,497,593)	5,108,618)	4,910,397)	4,700,930)	4,582,566)	4,420,870)	4,239,765)	3,962,643)	3,902,422)	3,782,125)
Total assets	26,353,056)	23,529,743)	20,791,910)	21,391,171)	21,900,211)	21,345,260)	19,968,310)	19,839,916)	19,532,489)	18,744,728)	18,279,650)	18,783,852)	18,538,457)	18,781,643)	19,243,361)	19,206,381)	18,721,282)	17,195,632)	16,589,031)	16,685,428)	15,565,552)	15,892,152)	15,284,913)	15,370,374)	15,057,008)

Total assets exhibit a substantial long-term growth trajectory, increasing from approximately 15.06 billion USD in September 2020 to 26.35 billion USD by September 2026. This expansion is characterized by steady gains in both current and long-term asset categories, with a notable acceleration in total asset accumulation occurring between March 2025 and September 2026.

Current Asset Dynamics: Current assets grew from 11.27 billion USD to 18.12 billion USD over the analyzed period. Cash and cash equivalents showed a general upward trend, rising from 4.13 billion USD to 7.44 billion USD, despite periodic fluctuations. Accounts receivable displayed significant volatility, peaking at 4.57 billion USD in September 2022, contracting to a low of 2.20 billion USD in March 2024, and subsequently surging to 5.66 billion USD by September 2026, suggesting cyclical shifts in revenue recognition or collection timing. Inventories more than doubled from September 2020 levels, peaking at 4.88 billion USD in March 2023 before stabilizing in the 4.0 billion to 4.5 billion USD range. A stark contraction is observed in prepaid expenses and other current assets, which fell from 2.69 billion USD in 2020 to a baseline below 500 million USD from 2022 onwards.
Long-Term Asset Expansion: Long-term assets experienced a consistent increase, moving from 3.78 billion USD to 8.23 billion USD. This growth was primarily driven by Property and Equipment, net, which nearly tripled from 1.13 billion USD to 3.13 billion USD, indicating sustained capital investment in infrastructure. Goodwill and intangible assets remained relatively stable, showing a modest increase from 1.65 billion USD to 1.91 billion USD. Other assets contributed significantly to the long-term growth, rising from 1.00 billion USD to 3.19 billion USD over the period.
Asset Composition and Structural Shifts: The balance sheet structure shifted as the proportion of long-term assets grew relative to total assets. While current assets remained the dominant component, the aggressive expansion of net property and equipment and other long-term assets suggests a strategic pivot toward increased fixed-asset intensity. The volatility in accounts receivable and the stabilization of inventory levels indicate a transition in working capital management during the 2023-2024 period followed by a renewed growth phase in 2025 and 2026.

The overall financial position is characterized by strengthening liquidity and a broadened asset base. The simultaneous increase in cash reserves and fixed assets suggests a robust capacity for both operational flexibility and long-term strategic investment.

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Lam Research Corp. (NASDAQ:LRCX)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data