Stock Analysis on Net
Stock Analysis on Net

Lam Research Corp. (NASDAQ:LRCX)

$24.99

Return on Equity (ROE)
since 2005

Microsoft Excel

Paying user area

Try for free

Lam Research Corp. pages available for free this week:

The data is hidden behind: . Unhide it.

Get access

This is a one-time payment. There is no automatic renewal.

We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Apple Pay Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Calculation

Lam Research Corp., ROE, long-term trends, calculation

Microsoft Excel
ROE = 100 × Net income (loss)1 ÷ Stockholders’ equity1
Jun 30, 2024 = 100 × ÷
Jun 25, 2023 = 100 × ÷
Jun 26, 2022 = 100 × ÷
Jun 27, 2021 = 100 × ÷
Jun 28, 2020 = 100 × ÷
Jun 30, 2019 = 100 × ÷
Jun 24, 2018 = 100 × ÷
Jun 25, 2017 = 100 × ÷
Jun 26, 2016 = 100 × ÷
Jun 28, 2015 = 100 × ÷
Jun 29, 2014 = 100 × ÷
Jun 30, 2013 = 100 × ÷
Jun 24, 2012 = 100 × ÷
Jun 26, 2011 = 100 × ÷
Jun 27, 2010 = 100 × ÷
Jun 28, 2009 = 100 × ÷
Jun 29, 2008 = 100 × ÷
Jun 24, 2007 = 100 × ÷
Jun 25, 2006 = 100 × ÷
Jun 26, 2005 = 100 × ÷

Based on: 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 analysis of the financial data over the examined period reveals several notable trends and fluctuations in key performance indicators.

Net Income
The net income exhibits significant volatility throughout the period. Initially, there is a general upward trend reaching a peak in the fiscal year ending June 24, 2007. However, the subsequent year sees a substantial decline, with a notable loss recorded in June 28, 2009. Following this dip, net income recovers and shows a consistent growth pattern from 2010 onwards, with exceptional spikes observed in the years ending June 25, 2017, and June 27, 2021. Despite some fluctuations, net income remains robust in the most recent years, indicating strong profitability. The year ending June 30, 2024, shows a slight decline compared to the previous year but remains at a comparatively high level.
Stockholders’ Equity
Stockholders’ equity demonstrates overall growth with some periods of volatility. From the initial value, equity increased steadily until a peak in the year ending June 24, 2012. A noticeable decline occurs after this peak, reaching a trough in the year ending June 30, 2019. Since then, equity has resumed an upward trajectory, attaining its highest values in the most recent fiscal years. This suggests that despite intermittent decreases, the company has strengthened its financial foundation over the long term.
Return on Equity (ROE)
The ROE percentage shows substantial variation across the years. Initially, ROE is relatively high but drops significantly in the years succeeding June 24, 2007, even becoming negative in 2009, corresponding with the net income loss. After this low point, ROE improves steadily and reaches very high peaks in the years ending June 27, 2021, and June 26, 2022, with values exceeding 60%. In recent years, ROE declines somewhat but maintains a strong level above 40%, indicating efficient utilization of equity to generate profits.

Overall, the data points to a company that experienced considerable earnings volatility in the early years, including a notable loss, followed by a period of consistent recovery and growth in profitability. The shareholder equity base, while fluctuating, shows overall strengthening, particularly in recent years. The ROE trend aligns with net income changes, reflecting improved profitability and equity management in the later periods. These patterns collectively suggest enhanced financial health and operational efficiency over time, despite earlier periods of challenge.

Comparison to Competitors

Lam Research Corp., ROE, long-term trends, comparison to competitors

Microsoft Excel
Lam Research Corp. Advanced Micro Devices Inc. Analog Devices Inc. Applied Materials Inc. Broadcom Inc. Intel Corp. KLA Corp. Micron Technology Inc. Monolithic Power Systems Inc. NVIDIA Corp. Qualcomm Inc. Texas Instruments Inc.
Jun 30, 2024
Jun 25, 2023
Jun 26, 2022
Jun 27, 2021
Jun 28, 2020
Jun 30, 2019
Jun 24, 2018
Jun 25, 2017
Jun 26, 2016
Jun 28, 2015
Jun 29, 2014
Jun 30, 2013
Jun 24, 2012
Jun 26, 2011
Jun 27, 2010
Jun 28, 2009
Jun 29, 2008
Jun 24, 2007
Jun 25, 2006
Jun 26, 2005

Based on: 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., ROE, long-term trends, comparison to sector (semiconductors & semiconductor equipment)

Microsoft Excel
Lam Research Corp. Semiconductors & Semiconductor Equipment
Jun 30, 2024
Jun 25, 2023
Jun 26, 2022
Jun 27, 2021
Jun 28, 2020
Jun 30, 2019
Jun 24, 2018
Jun 25, 2017
Jun 26, 2016
Jun 28, 2015
Jun 29, 2014
Jun 30, 2013
Jun 24, 2012
Jun 26, 2011
Jun 27, 2010
Jun 28, 2009
Jun 29, 2008
Jun 24, 2007
Jun 25, 2006
Jun 26, 2005

Based on: 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., ROE, long-term trends, comparison to industry (information technology)

Microsoft Excel
Lam Research Corp. Information Technology
Jun 30, 2024
Jun 25, 2023
Jun 26, 2022
Jun 27, 2021
Jun 28, 2020
Jun 30, 2019
Jun 24, 2018
Jun 25, 2017
Jun 26, 2016
Jun 28, 2015
Jun 29, 2014
Jun 30, 2013
Jun 24, 2012
Jun 26, 2011
Jun 27, 2010
Jun 28, 2009
Jun 29, 2008
Jun 24, 2007
Jun 25, 2006
Jun 26, 2005

Based on: 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).