Stock Analysis on Net

Lam Research Corp. (NASDAQ:LRCX)

$24.99

Statement of Comprehensive Income

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Lam Research Corp., consolidated statement of comprehensive income

US$ in thousands

Microsoft Excel
12 months ended: Jun 29, 2025 Jun 30, 2024 Jun 25, 2023 Jun 26, 2022 Jun 27, 2021 Jun 28, 2020
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: 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), 10-K (reporting date: 2020-06-28).


Net Income
The net income shows a generally positive trend over the periods, increasing from approximately 2.25 billion USD in June 2020 to a peak of about 4.61 billion USD in June 2022. After a slight decrease in June 2023 and June 2024, the net income rises sharply again to approximately 5.36 billion USD in June 2025, indicating strong overall profitability with some short-term fluctuations.
Foreign Currency Translation Adjustment
This item exhibits considerable volatility, alternating between positive and negative values across the years. It starts with a negative adjustment of around -6.4 million USD in 2020, swings to a positive 14.4 million USD in 2021, then back to a negative 50.3 million USD in 2022. The following two years continue this irregular pattern, ending with a positive adjustment of about 44.3 million USD in 2025. Such volatility suggests exposure to varying foreign exchange impacts on financial statements.
Net Unrealized Gains (Losses) During the Period (First Series)
The unrealized gains and losses show positive values in most years except for the initial 2020 period when it recorded a loss of approximately 30.6 million USD. Subsequently, gains were recorded, peaking at about 30.8 million USD in 2022 and maintaining moderate positive values thereafter. This pattern reflects fluctuations in market valuations of certain assets or liabilities during each period.
Net Gains (Losses) Reclassified into Net Income (First Series)
This component demonstrates a predominantly negative trend from 2021 through 2024, with losses increasing in absolute terms, particularly substantial in 2022 and 2024. A turnaround to a gain of around 7.2 million USD in 2025 is observable. This suggests realizations of previously unrealized gains or losses that impact net income, with a reduction in negative reclassifications in the final period analyzed.
Cash Flow Hedges
The cash flow hedges display a transition from significant negative values in 2020 (-28.5 million USD) to positive or near-neutral values in subsequent years, fluctuating but ending strongly positive at about 27.9 million USD in 2025. This indicates changes in the effectiveness or volume of hedging activities, with an overall improvement in hedge valuation outcomes over time.
Net Unrealized Gains (Losses) During the Period (Second Series)
This secondary series of unrealized gains and losses shows smaller magnitudes and greater variability, with a negative turn in 2021 and 2022 followed by modest positive values afterward. The presence of some missing data in recent years suggests incomplete reporting or lesser emphasis on this component.
Net Gains (Losses) Reclassified into Net Income (Second Series)
This series is relatively minor in scale and fluctuates between gains and losses with no clear trend, ending with small absolute values or missing data. It appears to have less influence on the overall income statement performance.
Available-for-Sale Investments
Market adjustments related to available-for-sale investments shifted from a small gain in 2020 to minor losses in subsequent years, then returning to small gains. The recurring minimal amounts and partial missing data point to limited impact or low holding volumes in this category.
Defined Benefit Plans, Net Change in Unrealized Component
This item demonstrates notable volatility with large gains in some periods (5.9 million USD in 2022 and 6.1 million USD in 2024) and a significant negative change in 2025 (-4.2 million USD). The fluctuations indicate varying actuarial assumptions or changes in plan assets and liabilities across time.
Other Comprehensive Income (Loss), Net of Tax
This measure follows a pattern similar to foreign currency translation adjustments, showing substantial swings from a negative 30.2 million USD in 2020 to a positive 30.1 million USD in 2021, and back to a negative 45.9 million USD in 2022. Positive and negative values alternate in the remaining years, concluding with a large positive figure of about 68.0 million USD in 2025. This suggests high variability in comprehensive income components, likely driven by market and foreign exchange effects.
Comprehensive Income
The comprehensive income closely follows the net income trends, starting from approximately 2.22 billion USD in 2020, peaking around 4.56 billion USD in 2022, dipping slightly in 2023 and 2024, and again rising significantly to about 5.43 billion USD in 2025. The changes in other comprehensive income items contribute additional volatility but do not overshadow the net income progression. Overall, comprehensive income exhibits strong growth with periodic short-term fluctuations over the analyzed timeframe.