Stock Analysis on Net
Stock Analysis on Net

Lam Research Corp. (NASDAQ:LRCX)

$24.99

Statement of Comprehensive Income

Lam Research Corp., consolidated statement of comprehensive income

US$ in thousands

Microsoft Excel
12 months ended: Jun 28, 2026 Jun 29, 2025 Jun 30, 2024 Jun 25, 2023 Jun 26, 2022 Jun 27, 2021
Net income
Foreign currency translation adjustment
Net unrealized gains (losses) during the period
Net (gains) losses reclassified into net income
Cash flow hedges
Net unrealized gains (losses) during the period
Net (gains) losses reclassified into net income
Available-for-sale investments
Defined benefit plans, net change in unrealized component
Other comprehensive income (loss), net of tax
Comprehensive income

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).


Comprehensive income exhibits a general upward trajectory over the analyzed six-year period, primarily driven by strong growth in net income. Although a contraction in performance occurred during the 2024 fiscal year, the subsequent recovery in 2025 and 2026 indicates a significant acceleration in overall profitability.

Net Income Performance
Net income grew from 3.91 billion US$ in 2021 to 7.27 billion US$ in 2026. The trend was characterized by an initial increase to 4.61 billion US$ in 2022, followed by a period of decline that reached a trough of 3.83 billion US$ in 2024. A sharp reversal followed, with net income increasing by approximately 41% in 2025 and further expanding in 2026.
Other Comprehensive Income (OCI) Volatility
Other comprehensive income is characterized by high variance, alternating between gains and losses annually. This volatility is largely attributed to foreign currency translation adjustments, which fluctuated significantly, ranging from a loss of 50.3 million US$ in 2022 to a gain of 44.3 million US$ in 2025, before returning to a loss of 39.9 million US$ in 2026.
Unrealized Gains and Hedge Activity
Net unrealized gains remained consistently positive throughout the analyzed period, maintaining a range between 10.4 million and 30.8 million US$. Cash flow hedges exhibited instability toward the end of the period, shifting from a gain of 27.9 million US$ in 2025 to a loss of 24.6 million US$ in 2026.
Comprehensive Income Analysis
Comprehensive income closely mirrors the trajectory of net income, as the scale of net earnings significantly outweighs the impact of OCI components. The total comprehensive income increased from 3.94 billion US$ in 2021 to 7.20 billion US$ in 2026, confirming that the growth in core operational profitability is the dominant driver of the company's total economic performance.