Return on Assets (ROA)
since 2005
Calculation
Lam Research Corp., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss)1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Jun 28, 2026 | 30.88% | = | 100 | × | 7,265,396) | ÷ | 23,529,743) |
| Jun 29, 2025 | 25.10% | = | 100 | × | 5,358,217) | ÷ | 21,345,260) |
| Jun 30, 2024 | 20.42% | = | 100 | × | 3,827,772) | ÷ | 18,744,728) |
| Jun 25, 2023 | 24.02% | = | 100 | × | 4,510,931) | ÷ | 18,781,643) |
| Jun 26, 2022 | 26.78% | = | 100 | × | 4,605,286) | ÷ | 17,195,632) |
| Jun 27, 2021 | 24.59% | = | 100 | × | 3,908,458) | ÷ | 15,892,152) |
| Jun 28, 2020 | 15.47% | = | 100 | × | 2,251,753) | ÷ | 14,559,047) |
| Jun 30, 2019 | 18.26% | = | 100 | × | 2,191,430) | ÷ | 12,001,333) |
| Jun 24, 2018 | 19.08% | = | 100 | × | 2,380,681) | ÷ | 12,479,478) |
| Jun 25, 2017 | 14.00% | = | 100 | × | 1,697,763) | ÷ | 12,122,765) |
| Jun 26, 2016 | 7.45% | = | 100 | × | 914,049) | ÷ | 12,271,528) |
| Jun 28, 2015 | 7.00% | = | 100 | × | 655,577) | ÷ | 9,364,648) |
| Jun 29, 2014 | 7.91% | = | 100 | × | 632,289) | ÷ | 7,993,306) |
| Jun 30, 2013 | 1.57% | = | 100 | × | 113,879) | ÷ | 7,250,315) |
| Jun 24, 2012 | 2.11% | = | 100 | × | 168,723) | ÷ | 8,004,652) |
| Jun 26, 2011 | 17.84% | = | 100 | × | 723,748) | ÷ | 4,057,394) |
| Jun 27, 2010 | 13.94% | = | 100 | × | 346,669) | ÷ | 2,487,392) |
| Jun 28, 2009 | -15.48% | = | 100 | × | (302,148) | ÷ | 1,951,871) |
| Jun 29, 2008 | 15.65% | = | 100 | × | 439,349) | ÷ | 2,806,755) |
| Jun 24, 2007 | 32.63% | = | 100 | × | 685,816) | ÷ | 2,101,605) |
| Jun 25, 2006 | 14.51% | = | 100 | × | 335,755) | ÷ | 2,313,344) |
| Jun 26, 2005 | 20.66% | = | 100 | × | 299,341) | ÷ | 1,448,815) |
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), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24), 10-K (reporting date: 2017-06-25), 10-K (reporting date: 2016-06-26), 10-K (reporting date: 2015-06-28), 10-K (reporting date: 2014-06-29), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-24), 10-K (reporting date: 2011-06-26), 10-K (reporting date: 2010-06-27), 10-K (reporting date: 2009-06-28), 10-K (reporting date: 2008-06-29), 10-K (reporting date: 2007-06-24), 10-K (reporting date: 2006-06-25), 10-K (reporting date: 2005-06-26).
1 US$ in thousands
The financial trajectory from 2005 to 2026 is characterized by a significant expansion of the asset base and a corresponding long-term increase in profitability and asset utilization efficiency. While the period began with high volatility, the latter years demonstrate a sustained upward trend in both net income and the return on assets (ROA).
- Volatility and Recovery Period (2005–2013)
- Early performance was marked by substantial fluctuations. A peak ROA of 32.63% in 2007 was followed by a sharp decline, culminating in a negative ROA of -15.48% in 2009, driven by a net loss of approximately 302 million USD. A subsequent recovery phase saw total assets grow from 1.95 billion USD in 2009 to over 7 billion USD by 2013, though ROA remained suppressed, reaching a low of 1.57% in 2013 as asset growth temporarily outpaced net income gains.
- Operational Scaling and Stabilization (2014–2020)
- A period of steady growth occurred between 2014 and 2020. Net income grew from 632 million USD in 2014 to 2.25 billion USD in 2019. During this timeframe, ROA began a consistent climb, moving from 7.91% in 2014 to 15.47% in 2019. Total assets scaled concurrently, increasing from approximately 8 billion USD to 14.56 billion USD, indicating an improvement in the company's ability to generate profit from its expanding resource base.
- High-Efficiency Growth Phase (2021–2026)
- The most recent period reflects a significant acceleration in financial performance. ROA surged to 24.59% in 2021 and maintained a high plateau, eventually reaching 30.88% by 2026. This efficiency gain is supported by a substantial increase in net income, which rose from 3.91 billion USD in 2021 to a projected 7.27 billion USD in 2026. Despite total assets continuing to grow to 23.53 billion USD, the rate of income growth has outpaced asset expansion, resulting in superior asset productivity.
Overall, the data indicates a transition from a volatile operational state to a high-performance growth model. The ability to maintain an ROA above 20% while simultaneously expanding the asset base by over 10 billion USD in the final six years suggests strong operational leverage and increased capital efficiency.
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Comparison to Competitors
Lam Research Corp., ROA, long-term trends, comparison to competitors
| Lam Research Corp. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Marvell Technology Inc. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 28, 2026 | 30.88% | — | — | — | — | — | 26.91% | 11.98% | — | 58.06% | — | — |
| Jun 29, 2025 | 25.10% | 5.64% | 4.72% | 19.28% | 13.52% | -0.13% | 25.28% | -4.38% | 10.31% | 65.30% | 11.05% | 14.46% |
| Jun 30, 2024 | 20.42% | 2.37% | 3.39% | 20.86% | 3.56% | -9.55% | 17.90% | -4.40% | 1.12% | 45.28% | 18.39% | 13.51% |
| Jun 25, 2023 | 24.02% | 1.26% | 6.79% | 22.31% | 19.33% | 0.88% | 24.07% | -0.73% | -9.08% | 10.61% | 14.17% | 20.12% |
| Jun 26, 2022 | 26.78% | 1.95% | 5.46% | 24.41% | 15.69% | 4.40% | 26.37% | -1.90% | 13.11% | 22.07% | 26.39% | 32.16% |
| Jun 27, 2021 | 24.59% | 25.46% | 2.66% | 22.80% | 8.91% | 11.80% | 20.23% | -2.58% | 9.96% | 15.05% | 21.93% | 31.48% |
| Jun 28, 2020 | 15.47% | 27.78% | 5.69% | 16.19% | 3.90% | 13.65% | 13.11% | 14.23% | 5.01% | 16.15% | 14.60% | 28.91% |
| Jun 30, 2019 | 18.26% | 5.66% | 6.37% | 14.22% | 4.04% | 15.42% | 13.05% | -1.79% | 12.91% | 31.15% | 13.31% | 27.84% |
| Jun 24, 2018 | 19.08% | 7.40% | 7.31% | 18.64% | 24.46% | 16.45% | 14.28% | 11.06% | 32.59% | 27.11% | -14.88% | 32.56% |
| Jun 25, 2017 | 14.00% | 1.21% | 3.44% | 17.68% | 3.11% | 7.79% | 16.74% | 0.45% | 14.40% | 16.93% | 3.77% | 20.87% |
| Jun 26, 2016 | 7.45% | -14.97% | 10.81% | 11.80% | -3.48% | 9.10% | 14.20% | -14.91% | -1.00% | 8.33% | 10.90% | 21.88% |
| Jun 28, 2015 | 7.00% | -21.23% | 9.87% | 9.00% | 12.88% | 11.08% | 7.59% | 7.40% | 12.01% | 8.76% | 10.38% | 18.40% |
| Jun 29, 2014 | 7.91% | -10.70% | 9.17% | 8.14% | 2.51% | 12.73% | 10.52% | 5.78% | 13.53% | 6.07% | 16.40% | 15.92% |
| Jun 30, 2013 | 1.57% | -1.91% | 10.55% | 2.13% | 16.16% | 10.42% | 10.27% | 5.83% | 6.22% | 8.77% | 15.06% | 11.42% |
| Jun 24, 2012 | 2.11% | -29.58% | 11.59% | 0.90% | 19.67% | 13.05% | 14.82% | 10.66% | -7.20% | 10.46% | 14.20% | 8.79% |
| Jun 26, 2011 | 17.84% | 9.91% | 16.44% | 13.90% | 22.57% | 18.20% | 16.99% | 14.26% | 1.13% | 5.63% | 11.70% | 10.91% |
| Jun 27, 2010 | 13.94% | 9.49% | 16.45% | 8.57% | 19.24% | 18.14% | 5.43% | 6.84% | 12.59% | -1.90% | 10.62% | 24.09% |
| Jun 28, 2009 | -15.48% | 3.35% | 7.28% | -3.19% | -2.23% | 8.23% | -14.50% | 3.34% | -16.02% | -0.90% | 5.80% | 12.13% |
| Jun 29, 2008 | 15.65% | -40.36% | 25.44% | 8.73% | — | 10.43% | 7.41% | -2.51% | -12.06% | 21.28% | 12.86% | 16.10% |
| Jun 24, 2007 | 32.63% | -29.26% | 16.72% | 16.05% | — | 12.54% | 11.42% | -0.27% | -2.16% | 16.78% | 17.86% | 20.98% |
| Jun 25, 2006 | 14.51% | -1.26% | 13.78% | 16.00% | — | 10.43% | 8.31% | 9.43% | 3.34% | 15.80% | 16.24% | 31.16% |
| Jun 26, 2005 | 20.66% | 2.27% | 9.05% | 10.74% | — | 17.93% | 11.71% | 5.08% | 2.35% | 6.16% | 17.17% | 15.43% |
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), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24), 10-K (reporting date: 2017-06-25), 10-K (reporting date: 2016-06-26), 10-K (reporting date: 2015-06-28), 10-K (reporting date: 2014-06-29), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-24), 10-K (reporting date: 2011-06-26), 10-K (reporting date: 2010-06-27), 10-K (reporting date: 2009-06-28), 10-K (reporting date: 2008-06-29), 10-K (reporting date: 2007-06-24), 10-K (reporting date: 2006-06-25), 10-K (reporting date: 2005-06-26).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Lam Research Corp., ROA, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Lam Research Corp. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Jun 28, 2026 | 30.88% | — |
| Jun 29, 2025 | 25.10% | 15.55% |
| Jun 30, 2024 | 20.42% | 6.13% |
| Jun 25, 2023 | 24.02% | 7.13% |
| Jun 26, 2022 | 26.78% | 12.17% |
| Jun 27, 2021 | 24.59% | 13.29% |
| Jun 28, 2020 | 15.47% | 11.86% |
| Jun 30, 2019 | 18.26% | 12.98% |
| Jun 24, 2018 | 19.08% | 17.25% |
| Jun 25, 2017 | 14.00% | 8.34% |
| Jun 26, 2016 | 7.45% | 6.69% |
| Jun 28, 2015 | 7.00% | 10.65% |
| Jun 29, 2014 | 7.91% | 12.05% |
| Jun 30, 2013 | 1.57% | 10.05% |
| Jun 24, 2012 | 2.11% | 9.54% |
| Jun 26, 2011 | 17.84% | 13.83% |
| Jun 27, 2010 | 13.94% | 14.54% |
| Jun 28, 2009 | -15.48% | 3.60% |
| Jun 29, 2008 | 15.65% | 6.42% |
| Jun 24, 2007 | 32.63% | 9.30% |
| Jun 25, 2006 | 14.51% | 12.06% |
| Jun 26, 2005 | 20.66% | 13.79% |
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), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24), 10-K (reporting date: 2017-06-25), 10-K (reporting date: 2016-06-26), 10-K (reporting date: 2015-06-28), 10-K (reporting date: 2014-06-29), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-24), 10-K (reporting date: 2011-06-26), 10-K (reporting date: 2010-06-27), 10-K (reporting date: 2009-06-28), 10-K (reporting date: 2008-06-29), 10-K (reporting date: 2007-06-24), 10-K (reporting date: 2006-06-25), 10-K (reporting date: 2005-06-26).
Comparison to Industry (Information Technology)
Lam Research Corp., ROA, long-term trends, comparison to industry (information technology)
| Lam Research Corp. | Information Technology | |
|---|---|---|
| Jun 28, 2026 | 30.88% | — |
| Jun 29, 2025 | 25.10% | 15.31% |
| Jun 30, 2024 | 20.42% | 11.80% |
| Jun 25, 2023 | 24.02% | 12.34% |
| Jun 26, 2022 | 26.78% | 14.33% |
| Jun 27, 2021 | 24.59% | 14.52% |
| Jun 28, 2020 | 15.47% | 11.46% |
| Jun 30, 2019 | 18.26% | 11.67% |
| Jun 24, 2018 | 19.08% | 10.94% |
| Jun 25, 2017 | 14.00% | 9.00% |
| Jun 26, 2016 | 7.45% | 9.68% |
| Jun 28, 2015 | 7.00% | 11.51% |
| Jun 29, 2014 | 7.91% | 12.33% |
| Jun 30, 2013 | 1.57% | 13.22% |
| Jun 24, 2012 | 2.11% | 14.06% |
| Jun 26, 2011 | 17.84% | 15.11% |
| Jun 27, 2010 | 13.94% | 14.45% |
| Jun 28, 2009 | -15.48% | 10.04% |
| Jun 29, 2008 | 15.65% | 11.87% |
| Jun 24, 2007 | 32.63% | 11.93% |
| Jun 25, 2006 | 14.51% | 12.20% |
| Jun 26, 2005 | 20.66% | 12.71% |
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), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24), 10-K (reporting date: 2017-06-25), 10-K (reporting date: 2016-06-26), 10-K (reporting date: 2015-06-28), 10-K (reporting date: 2014-06-29), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-24), 10-K (reporting date: 2011-06-26), 10-K (reporting date: 2010-06-27), 10-K (reporting date: 2009-06-28), 10-K (reporting date: 2008-06-29), 10-K (reporting date: 2007-06-24), 10-K (reporting date: 2006-06-25), 10-K (reporting date: 2005-06-26).