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.
Lam Research Corp., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in thousands
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
Jun 28, 2020
Mar 29, 2020
Dec 29, 2019
Sep 29, 2019
Trade accounts payable
1,071,605)
1,026,937)
863,160)
854,208)
853,308)
822,278)
704,247)
613,966)
531,648)
499,704)
528,163)
470,702)
601,930)
919,408)
1,146,286)
1,011,208)
1,007,026)
952,666)
837,708)
829,710)
760,942)
722,490)
662,674)
592,387)
498,860)
452,779)
415,808)
Accrued expenses and other current liabilities
2,075,421)
2,267,488)
2,443,943)
2,394,366)
1,999,892)
2,095,989)
2,196,424)
1,801,877)
1,791,642)
1,975,945)
2,120,055)
2,010,637)
1,990,147)
2,068,370)
1,948,776)
1,974,272)
1,634,917)
1,770,406)
1,633,729)
1,719,483)
1,292,174)
1,479,242)
1,333,568)
1,272,655)
1,024,793)
1,114,013)
990,035)
Deferred profit
2,091,277)
2,164,722)
2,646,444)
2,565,540)
1,882,339)
1,927,893)
1,937,315)
1,417,781)
1,601,733)
1,792,955)
1,595,098)
1,695,221)
1,840,795)
1,551,918)
1,951,210)
1,571,898)
1,545,109)
1,133,878)
931,415)
967,325)
733,783)
556,474)
576,488)
457,523)
539,601)
366,417)
406,681)
Current portion of long-term debt and finance lease obligations
4,095)
754,006)
754,363)
754,311)
754,306)
504,136)
504,682)
504,814)
505,066)
3,779)
3,861)
8,358)
8,457)
7,226)
7,110)
7,381)
7,689)
6,201)
6,368)
11,349)
825,434)
832,847)
834,138)
839,877)
42,407)
632,292)
645,158)
Current liabilities
5,242,398)
6,213,153)
6,707,910)
6,568,425)
5,489,845)
5,350,296)
5,342,668)
4,338,438)
4,430,089)
4,272,383)
4,247,177)
4,184,918)
4,441,329)
4,546,922)
5,053,382)
4,564,759)
4,194,741)
3,863,151)
3,409,220)
3,527,867)
3,612,333)
3,591,053)
3,406,868)
3,162,442)
2,105,661)
2,565,501)
2,457,682)
Long-term debt and finance lease obligations, less current portion
3,730,384)
3,729,742)
3,729,580)
3,730,194)
3,730,034)
4,478,148)
4,479,087)
4,478,520)
4,478,385)
4,980,005)
4,980,460)
5,003,183)
4,996,920)
4,996,057)
4,996,363)
4,998,449)
5,000,657)
4,988,121)
4,988,964)
4,990,333)
4,991,613)
4,992,496)
4,993,495)
4,970,848)
5,043,931)
3,786,067)
3,788,089)
Income taxes payable
621,572)
667,639)
646,044)
603,412)
690,660)
669,747)
664,717)
813,304)
832,397)
797,556)
780,511)
882,084)
885,348)
862,405)
840,214)
931,117)
916,668)
891,545)
881,325)
948,037)
924,629)
902,047)
879,870)
909,709)
889,287)
872,778)
856,895)
Other long-term liabilities
612,777)
635,211)
623,925)
581,610)
546,666)
533,699)
574,126)
575,012)
516,678)
511,430)
482,979)
501,286)
512,376)
496,362)
418,756)
422,941)
450,475)
466,830)
466,000)
398,727)
381,505)
376,230)
351,283)
332,559)
350,603)
272,043)
261,890)
Long-term liabilities
4,964,733)
5,032,592)
4,999,549)
4,915,216)
4,967,360)
5,681,594)
5,717,930)
5,866,836)
5,827,460)
6,288,991)
6,243,950)
6,386,553)
6,394,644)
6,354,824)
6,255,333)
6,352,507)
6,367,800)
6,346,496)
6,336,289)
6,337,097)
6,297,747)
6,270,773)
6,224,648)
6,213,116)
6,283,821)
4,930,888)
4,906,874)
Total liabilities
10,207,131)
11,245,745)
11,707,459)
11,483,641)
10,457,205)
11,031,890)
11,060,598)
10,205,274)
10,257,549)
10,561,374)
10,491,127)
10,571,471)
10,835,973)
10,901,746)
11,308,715)
10,917,266)
10,562,541)
10,209,647)
9,745,509)
9,864,964)
9,910,080)
9,861,826)
9,631,516)
9,375,558)
8,389,482)
7,496,389)
7,364,556)
Temporary equity, convertible notes
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
3,217)
5,515)
6,307)
10,995)
11,546)
38,304)
42,553)
Preferred stock, at par value of $0.001 per share; none outstanding
The financial position of the company reflects a significant expansion in both total liabilities and stockholders' equity over the analyzed period. Total liabilities and stockholders' equity grew from $12.34 billion in September 2019 to a peak of $21.90 billion in September 2025, before settling at $20.79 billion by March 2026. This trajectory indicates a substantial increase in the company's capital base and operational scale.
Current Liabilities and Operational Obligations
Current liabilities exhibited a general upward trend, rising from $2.46 billion in September 2019 to a peak of $6.71 billion in June 2025. A primary driver of this increase was deferred profit, which grew from $406.7 million to $2.09 billion by March 2026, suggesting an increase in advance customer payments or deferred revenue. Trade accounts payable showed volatility, peaking at $1.15 billion in September 2022, followed by a sharp contraction to $470.7 million in June 2023, before recovering to $1.07 billion by March 2026.
Long-Term Debt and Solvency
Long-term debt and finance lease obligations remained relatively stagnant at approximately $5 billion between March 2020 and December 2023. A strategic shift is observable starting in March 2024, where long-term debt was reduced to approximately $3.73 billion, a level maintained through March 2026. This reduction in long-term borrowing contributes to a lower overall debt profile in the latter half of the analyzed period.
Equity and Capital Allocation
Stockholders' equity increased from $4.94 billion in September 2019 to $10.58 billion in March 2026. This growth was fueled by a consistent and strong accumulation of retained earnings, which rose from $10.23 billion to $32.99 billion. This organic growth was partially offset by an aggressive share repurchase program; treasury stock at cost expanded significantly from negative $11.68 billion in September 2019 to negative $31.35 billion by March 2026, indicating a sustained commitment to returning capital to shareholders.
Overall Liability Structure
Total liabilities increased from $7.36 billion in September 2019 to a peak of $11.71 billion in September 2025. The composition of these liabilities shifted over time, with current liabilities becoming a larger proportion of the total balance in the later years, while long-term debt was actively reduced. Other long-term liabilities grew steadily from $261.9 million to $612.8 million, reflecting a gradual increase in non-debt long-term obligations.
