Stock Analysis on Net
Stock Analysis on Net

Lam Research Corp. (NASDAQ:LRCX)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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Lam Research Corp., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in thousands

Microsoft Excel
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
Trade accounts payable
Accrued expenses and other current liabilities
Deferred profit
Current portion of long-term debt and finance lease obligations
Current liabilities
Long-term debt and finance lease obligations, less current portion
Income taxes payable
Other long-term liabilities
Long-term liabilities
Total liabilities
Temporary equity, convertible notes
Preferred stock, at par value of $0.001 per share; none outstanding
Common stock, at par value of $0.001 per share
Additional paid-in capital
Treasury stock, at cost
Accumulated other comprehensive loss
Retained earnings
Stockholders’ equity
Total liabilities and stockholders’ equity

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 financial position exhibits a consistent expansion of the balance sheet, with total liabilities and stockholders' equity increasing from approximately $15.1 billion in September 2020 to $23.5 billion by June 2026. This growth is characterized by a substantial accumulation of retained earnings and a simultaneous aggressive treasury stock buyback strategy, alongside a shift in the composition of liabilities.

Current Liabilities and Short-term Obligations
Current liabilities followed a general upward trend, rising from $3.4 billion in September 2020 to $5.9 billion in June 2026, peaking at $6.6 billion in June 2025. Trade accounts payable exhibited volatility, reaching a low of $601.9 million in March 2023 before climbing to a period high of $1.3 billion by June 2026. A notable and steady increase is observed in deferred profit, which grew from $576.5 million to $2.3 billion, suggesting a rise in advance payments or obligations for future delivery.
Long-term Debt and Leverage
Long-term debt and finance lease obligations remained remarkably stable near $5 billion for several years before decreasing to approximately $3.7 billion starting in March 2025. Consequently, total long-term liabilities trended downward from $6.2 billion in September 2020 to $5.1 billion in June 2026. This indicates a strategic reduction in long-term leverage over the latter half of the period.
Stockholders' Equity and Capital Allocation
Stockholders' equity grew significantly from $5.4 billion to $12.5 billion. The primary driver of this increase was retained earnings, which surged from $12.2 billion to $35 billion. This growth was partially offset by an expansive share repurchase program, as treasury stock at cost increased from $13.4 billion to $31.6 billion. Additional paid-in capital also grew steadily, rising from $6.8 billion to $9.2 billion.
Overall Liability Structure
Total liabilities increased from $9.6 billion to $11.1 billion over the analyzed timeframe. The increase in total liabilities was driven primarily by current liabilities, while long-term liabilities contracted. This shift suggests an increasing reliance on short-term operational financing and deferred revenue rather than long-term debt to support the company's capital structure.