Analysis of Geographic Areas
Lam Research Corp. operates in 7 regions: China; Korea; Taiwan; Japan; United States; Southeast Asia; and Europe.
Area Asset Turnover
Lam Research Corp., asset turnover by geographic area
| Jun 29, 2025 | Jun 30, 2024 | Jun 25, 2023 | Jun 26, 2022 | Jun 27, 2021 | Jun 28, 2020 | |
|---|---|---|---|---|---|---|
| China | 724.30 | 984.97 | 503.40 | 750.14 | 552.40 | 353.66 |
| Korea | 13.78 | 10.95 | 16.45 | 21.97 | 62.79 | 47.88 |
| Taiwan | 35.72 | 17.01 | 53.15 | 40.31 | 44.80 | 164.97 |
| Japan | 217.75 | 185.85 | 208.04 | 193.26 | 103.73 | 80.73 |
| United States | 0.80 | 0.70 | 1.22 | 0.90 | 0.59 | 0.77 |
| Southeast Asia | 1.86 | 2.03 | 3.99 | 5.47 | 7.28 | 18.94 |
| Europe | 4.18 | 6.13 | 12.36 | 9.17 | 5.97 | 3.84 |
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).
The analysis of the annual geographic area asset turnover ratios reveals distinct patterns and shifts across different regions over the examined periods.
- China
- The asset turnover ratio in China exhibits significant volatility, beginning with a high value of 353.66 in 2020, increasing sharply to a peak of 984.97 in 2024 before declining to 724.3 in 2025. Despite fluctuations, the overall trend suggests strong asset utilization growth, with periodic downturns stopping consistency in performance.
- Korea
- Korea demonstrates a general declining trend in asset turnover, starting at 47.88 in 2020 and dropping steadily to 10.95 in 2024, with a slight recovery to 13.78 in 2025. This indicates decreased asset efficiency in recent years, with a minor uptick in the final period.
- Taiwan
- In Taiwan, the ratio falls sharply from 164.97 in 2020 to a low of 17.01 in 2024, followed by an increase to 35.72 in 2025. The declining trend suggests reduced asset turnover efficiency until 2024, with early signs of improvement thereafter.
- Japan
- Japan shows a consistent upward trend across the years, from 80.73 in 2020 ascending to 217.75 in 2025, notwithstanding a minor dip in 2024. This steady increase reflects enhanced asset utilization over time.
- United States
- The United States maintains relatively stable but very low asset turnover ratios throughout the period, fluctuating between 0.59 and 1.22. This stability at a low level indicates limited changes in asset utilization efficiency.
- Southeast Asia
- Southeast Asia experiences a clear downward trend, decreasing from 18.94 in 2020 to 1.86 in 2025. This steady decline points to diminishing asset turnover efficiency in the region over the timeframe analyzed.
- Europe
- Europe's data reveals growth in asset turnover ratios from 3.84 in 2020 to a peak of 12.36 in 2023, followed by a decline to 4.18 in 2025. This pattern suggests initial improvement in asset efficiency, then a marked reduction more recently.
Area Asset Turnover: China
Lam Research Corp.; China; area asset turnover calculation
| Jun 29, 2025 | Jun 30, 2024 | Jun 25, 2023 | Jun 26, 2022 | Jun 27, 2021 | Jun 28, 2020 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Revenue | 6,205,062) | 6,293,990) | 4,462,663) | 5,411,502) | 5,137,886) | 3,083,916) |
| Long-lived assets | 8,567) | 6,390) | 8,865) | 7,214) | 9,301) | 8,720) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 724.30 | 984.97 | 503.40 | 750.14 | 552.40 | 353.66 |
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).
1 2025 Calculation
Area asset turnover = Revenue ÷ Long-lived assets
= 6,205,062 ÷ 8,567 = 724.30
- Revenue Trend
- The revenue exhibits a generally upward trajectory over the observed periods, starting at approximately 3.08 billion USD and rising to over 6.20 billion USD by the last period. There is a notable increase between 2020 and 2021, with revenue growing from roughly 3.08 billion to 5.14 billion USD. The revenue peaks in 2024 at approximately 6.29 billion USD before experiencing a slight decline in 2025 to about 6.21 billion USD. Overall, the revenue has more than doubled from the initial to the final period.
- Long-lived Assets
- The value of long-lived assets remains relatively stable with some fluctuations. Beginning at 8,720 thousand USD, the asset value slightly increases in 2021, then declines in 2022 and 2024, reaching a low of 6,390 thousand USD. The asset value increases again in 2023 and 2025 but does not surpass its 2021 peak. This pattern suggests a relatively stable investment in long-term assets with some variability potentially due to disposals or revaluations.
- Area Asset Turnover Ratio
- The area asset turnover ratio demonstrates significant variability across periods. It starts at a high 353.66 and increases sharply, reaching 750.14 in 2022. After a decrease to 503.4 in 2023, the ratio peaks again at an exceptionally high 984.97 in 2024, followed by a notable decline to 724.3 in 2025. This measure indicates fluctuations in the efficiency of asset utilization in the area, with periods of strong performance interspersed with some decreases.
- Overall Insights
- The data indicate strong revenue growth amidst relatively stable long-lived assets, resulting in generally improving asset turnover ratios with some fluctuations. The peak in asset turnover in 2024 coincides with the highest revenue, suggesting an especially efficient use of assets during that period. The subsequent slight decline in both revenue and turnover may imply a moderation in operational efficiency or market conditions. The stability of long-lived assets implies consistent capital investment without significant expansions or contractions in fixed asset base.
Area Asset Turnover: Korea
Lam Research Corp.; Korea; area asset turnover calculation
| Jun 29, 2025 | Jun 30, 2024 | Jun 25, 2023 | Jun 26, 2022 | Jun 27, 2021 | Jun 28, 2020 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Revenue | 4,127,766) | 2,874,015) | 3,551,742) | 4,037,467) | 3,924,685) | 2,391,257) |
| Long-lived assets | 299,497) | 262,405) | 215,898) | 183,809) | 62,502) | 49,943) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 13.78 | 10.95 | 16.45 | 21.97 | 62.79 | 47.88 |
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).
1 2025 Calculation
Area asset turnover = Revenue ÷ Long-lived assets
= 4,127,766 ÷ 299,497 = 13.78
The financial data reflecting the Korea geographic area demonstrates notable trends in revenue, long-lived assets, and asset turnover ratios over a six-year period.
- Revenue
- Revenue exhibited an overall increasing trend from 2020 through 2022, rising from approximately 2.39 billion USD to over 4.03 billion USD. Subsequently, there was a decline in 2023 and 2024, reaching a low of approximately 2.87 billion USD. However, revenue surged again in 2025, reaching its highest value in the period at approximately 4.13 billion USD. This pattern indicates cyclical fluctuations with a strong recovery at the end of the observed timeframe.
- Long-lived Assets
- Long-lived assets have grown substantially from 49.9 million USD in 2020 to nearly 299.5 million USD in 2025. The most significant increases occurred between 2021 and 2022 and continued steadily through 2025. This suggests ongoing capital investment and expansion of fixed assets within the Korea geographic area.
- Area Asset Turnover Ratio
- The asset turnover ratio experienced a considerable decline during the period. Starting at a high of 47.88 in 2020 and peaking at 62.79 in 2021, the ratio sharply dropped to 21.97 in 2022 and further declined to 10.95 by 2024, before marginally recovering to 13.78 in 2025. This indicates that the efficiency of generating revenue from long-lived assets has decreased significantly despite the growth in assets, particularly from 2022 onward.
In summary, the data reveal substantial growth in long-lived assets alongside fluctuating revenue levels, with a pronounced reduction in asset turnover efficiency. This may reflect significant capital investments not yet fully translated into proportional revenue generation, suggesting a period of scaling up capacity or restructuring within the Korea segment.
Area Asset Turnover: Taiwan
Lam Research Corp.; Taiwan; area asset turnover calculation
| Jun 29, 2025 | Jun 30, 2024 | Jun 25, 2023 | Jun 26, 2022 | Jun 27, 2021 | Jun 28, 2020 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Revenue | 3,445,220) | 1,671,815) | 3,477,862) | 2,936,482) | 2,117,999) | 1,906,223) |
| Long-lived assets | 96,458) | 98,268) | 65,432) | 72,845) | 47,279) | 11,555) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 35.72 | 17.01 | 53.15 | 40.31 | 44.80 | 164.97 |
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).
1 2025 Calculation
Area asset turnover = Revenue ÷ Long-lived assets
= 3,445,220 ÷ 96,458 = 35.72
The analysis of the financial data for the Taiwan geographic area over the given periods reveals noteworthy trends and shifts in key metrics.
- Revenue
- Revenue displays a generally increasing trend from 2020 through 2023, rising from approximately 1.91 billion USD to nearly 3.48 billion USD. However, there is a sharp decline in 2024 to about 1.67 billion USD, followed by a significant recovery in 2025 reaching over 3.44 billion USD. This pattern indicates volatility in revenue with a dip in the penultimate year but strong rebound afterwards.
- Long-lived Assets
- Long-lived assets exhibit an overall upward trajectory with some fluctuations. Starting at approximately 11.6 million USD in 2020, the value increases substantially to 47.3 million USD in 2021 and peaks at around 72.8 million USD in 2022. There is a slight reduction to 65.4 million USD in 2023, followed by an increase to 98.3 million USD in 2024 and a marginal decrease to 96.5 million USD in 2025. This trend suggests continued investment in or acquisition of durable assets, notwithstanding minor year-to-year variability.
- Area Asset Turnover Ratio
- The area asset turnover ratio declines sharply from an exceptionally high 164.97 in 2020 to 44.80 in 2021 and remains at lower levels thereafter. It decreases further to 40.31 in 2022 before rising moderately to 53.15 in 2023. In 2024, the ratio falls significantly to 17.01 but recovers somewhat to 35.72 by 2025. The steep drop after 2020 indicates that revenue generated per unit of long-lived assets decreased markedly, possibly due to the increased asset base or changes in operational efficiency. The fluctuations in subsequent years suggest variability in how effectively assets are being utilized to generate revenue.
In summary, while revenue shows considerable growth with a notable temporary decline, long-lived assets consistently increase demonstrating ongoing capital investment. The area asset turnover ratio's decline reflects a diminishing efficiency in asset utilization post-2020, with some recovery towards the end of the period. This combination highlights a period of asset expansion accompanied by revenue volatility and challenges in maintaining proportionate asset productivity.
Area Asset Turnover: Japan
Lam Research Corp.; Japan; area asset turnover calculation
| Jun 29, 2025 | Jun 30, 2024 | Jun 25, 2023 | Jun 26, 2022 | Jun 27, 2021 | Jun 28, 2020 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Revenue | 1,880,882) | 1,460,429) | 1,758,364) | 1,624,573) | 1,363,907) | 954,743) |
| Long-lived assets | 8,638) | 7,858) | 8,452) | 8,406) | 13,149) | 11,826) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 217.75 | 185.85 | 208.04 | 193.26 | 103.73 | 80.73 |
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).
1 2025 Calculation
Area asset turnover = Revenue ÷ Long-lived assets
= 1,880,882 ÷ 8,638 = 217.75
The financial data for the Japan geographic area shows notable changes over the examined periods. Revenue exhibits an overall increasing trend, starting from 954,743 thousand US dollars in 2020 and reaching 1,880,882 thousand US dollars by 2025. However, there is a dip observed in 2024, where revenue decreases to 1,460,429 thousand US dollars following consistent growth in previous years.
Long-lived assets demonstrate a fluctuating pattern throughout the years. An initial increase from 11,826 thousand US dollars in 2020 to 13,149 thousand US dollars in 2021 is followed by a decline that bottoms out in 2024 at 7,858 thousand US dollars. By 2025, there is a slight recovery to 8,638 thousand US dollars, though the asset value remains below the earlier peak levels.
The area asset turnover ratio, which measures revenue generation relative to the asset base, shows a significant upward trend, indicating improved efficiency in asset utilization. It nearly doubles from 80.73 in 2020 to 208.04 in 2023, with a marginal decrease in 2024 to 185.85, before peaking again at 217.75 in 2025. This ratio's movement closely correlates with the variations in revenue and asset levels, suggesting that higher turnover corresponds to periods of revenue strength and lower asset holdings.
- Revenue
- Displays strong growth overall with a peak in 2025, tempered by a decline in 2024.
- Long-lived assets
- Show a decline from 2021 onwards, with a partial recovery in 2025 but levels remain below previous highs.
- Area asset turnover
- Indicates enhanced operational efficiency, increasing steadily except for a slight drop in 2024, correlating inversely with asset levels.
In summary, the financial performance in Japan suggests efficient use of long-lived assets to drive revenue growth, particularly reflected in the increasing turnover ratio. The temporary decline in both revenue and asset values in 2024 warrants close observation, but the rebound in 2025 indicates resilience and improvement in operational effectiveness.
Area Asset Turnover: United States
Lam Research Corp.; United States; area asset turnover calculation
| Jun 29, 2025 | Jun 30, 2024 | Jun 25, 2023 | Jun 26, 2022 | Jun 27, 2021 | Jun 28, 2020 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Revenue | 1,376,857) | 1,104,087) | 1,665,136) | 1,147,346) | 672,716) | 812,482) |
| Long-lived assets | 1,716,574) | 1,582,103) | 1,367,534) | 1,276,274) | 1,137,490) | 1,052,714) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 0.80 | 0.70 | 1.22 | 0.90 | 0.59 | 0.77 |
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).
1 2025 Calculation
Area asset turnover = Revenue ÷ Long-lived assets
= 1,376,857 ÷ 1,716,574 = 0.80
- Revenue Trends
- Revenue exhibits significant volatility over the analyzed periods. It declined from approximately $812 million in mid-2020 to around $673 million in mid-2021, representing a notable decrease. Following this dip, revenue surged to approximately $1.15 billion in mid-2022 and continued to rise sharply, peaking at about $1.67 billion in mid-2023. However, the subsequent two years show a decline and partial recovery, with revenue dropping to approximately $1.10 billion in mid-2024 before rebounding to around $1.38 billion in mid-2025. This pattern indicates fluctuations in sales performance, with periods of strong growth interspersed with declines.
- Long-lived Assets Development
- The value of long-lived assets demonstrates a consistent upward trend throughout the timeline. Starting at roughly $1.05 billion in mid-2020, these assets increased steadily each year, reaching about $1.72 billion by mid-2025. This growth suggests ongoing capital investment and asset base expansion, which may support operational capacity and future revenue generation.
- Area Asset Turnover Ratio
- The area asset turnover ratio, which measures the efficiency of asset use in generating revenue, shows notable fluctuations. It starts at 0.77 in mid-2020, falls to 0.59 in mid-2021, and then improves substantially to 0.90 in mid-2022 and further to 1.22 in mid-2023, indicating enhanced efficiency during this period. However, the ratio declines again to 0.70 in mid-2024 before a modest recovery to 0.80 in mid-2025. These changes reflect varying effectiveness in utilizing assets to produce revenue, coinciding with the revenue fluctuations observed.
- Summary Insights
- The data reveals a dynamic operational environment characterized by fluctuating revenue and varying asset utilization efficiency. The steady increase in long-lived assets indicates continuous investment in the asset base, which has not uniformly translated into improved turnover ratios or consistent revenue growth. The revenue peaks and troughs, coupled with the turnover ratio variation, suggest that other external or internal factors may be influencing performance in the geographic area beyond asset expansion alone.
Area Asset Turnover: Southeast Asia
Lam Research Corp.; Southeast Asia; area asset turnover calculation
| Jun 29, 2025 | Jun 30, 2024 | Jun 25, 2023 | Jun 26, 2022 | Jun 27, 2021 | Jun 28, 2020 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Revenue | 837,242) | 794,054) | 1,354,471) | 1,357,648) | 945,478) | 587,638) |
| Long-lived assets | 451,283) | 390,514) | 339,415) | 248,029) | 129,881) | 31,027) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 1.86 | 2.03 | 3.99 | 5.47 | 7.28 | 18.94 |
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).
1 2025 Calculation
Area asset turnover = Revenue ÷ Long-lived assets
= 837,242 ÷ 451,283 = 1.86
- Revenue
- The revenue in the Southeast Asia region exhibited a significant growth trend from 2020 to 2022, increasing from approximately $588 million to nearly $1.36 billion. However, from 2022 onwards, the revenue sharply declined to around $794 million in 2024, followed by a slight recovery to about $837 million in 2025. This indicates a notable volatility in revenue after a period of robust growth.
- Long-lived assets
- There has been a consistent increase in long-lived assets over the analyzed period, rising from approximately $31 million in 2020 to $451 million in 2025. This steady growth reflects substantial investment in fixed or long-term assets within the region, suggesting an expansion in physical capabilities or infrastructure.
- Area asset turnover ratio
- The area asset turnover ratio demonstrates a persistent decline, decreasing from 18.94 in 2020 to 1.86 in 2025. This downward trend indicates diminishing efficiency in utilizing assets to generate revenue. The sharp fall in the ratio suggests that the growth in assets has outpaced the growth in revenue, particularly after 2022, corroborating the observed fluctuations in revenue despite increasing asset investments.
Area Asset Turnover: Europe
Lam Research Corp.; Europe; area asset turnover calculation
| Jun 29, 2025 | Jun 30, 2024 | Jun 25, 2023 | Jun 26, 2022 | Jun 27, 2021 | Jun 28, 2020 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Revenue | 562,562) | 706,996) | 1,158,278) | 712,021) | 463,479) | 308,477) |
| Long-lived assets | 134,707) | 115,316) | 93,732) | 77,658) | 77,661) | 80,297) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 4.18 | 6.13 | 12.36 | 9.17 | 5.97 | 3.84 |
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).
1 2025 Calculation
Area asset turnover = Revenue ÷ Long-lived assets
= 562,562 ÷ 134,707 = 4.18
- Revenue
- The revenue exhibited a strong upward trajectory from 2020 to 2023, increasing from 308,477 thousand USD in June 2020 to a peak of 1,158,278 thousand USD in June 2023. However, this was followed by a significant decline over the next two years, dropping to 706,996 thousand USD in June 2024 and further down to 562,562 thousand USD by June 2025. This pattern suggests heightened volatility and potential market or operational challenges affecting the geographic area's revenue after 2023.
- Long-lived assets
- The value of long-lived assets remained relatively stable from 2020 to 2022, fluctuating slightly around the mid-70,000 thousand USD range. Starting in 2023, there is a marked upward trend with assets increasing to 93,732 thousand USD and continuing to rise significantly to 115,316 thousand USD in 2024, and reaching 134,707 thousand USD by 2025. This indicates an ongoing investment or expansion in fixed assets within the region during the latter period.
- Area asset turnover ratio
- The area asset turnover ratio demonstrated a consistent increase from 3.84 in 2020 to 12.36 in 2023, reflecting a rising efficiency in utilizing assets to generate revenue. However, similar to the revenue trend, turnover ratio sharply declined to 6.13 in 2024 and further to 4.18 in 2025. This decline aligns with the revenue decreases despite continued asset growth, suggesting a reduction in asset utilization efficiency or possible overinvestment relative to revenue generated.
Revenue
Lam Research Corp., revenue by geographic area
US$ in thousands
| Jun 29, 2025 | Jun 30, 2024 | Jun 25, 2023 | Jun 26, 2022 | Jun 27, 2021 | Jun 28, 2020 | |
|---|---|---|---|---|---|---|
| China | 6,205,062) | 6,293,990) | 4,462,663) | 5,411,502) | 5,137,886) | 3,083,916) |
| Korea | 4,127,766) | 2,874,015) | 3,551,742) | 4,037,467) | 3,924,685) | 2,391,257) |
| Taiwan | 3,445,220) | 1,671,815) | 3,477,862) | 2,936,482) | 2,117,999) | 1,906,223) |
| Japan | 1,880,882) | 1,460,429) | 1,758,364) | 1,624,573) | 1,363,907) | 954,743) |
| United States | 1,376,857) | 1,104,087) | 1,665,136) | 1,147,346) | 672,716) | 812,482) |
| Southeast Asia | 837,242) | 794,054) | 1,354,471) | 1,357,648) | 945,478) | 587,638) |
| Europe | 562,562) | 706,996) | 1,158,278) | 712,021) | 463,479) | 308,477) |
| Total | 18,435,591) | 14,905,386) | 17,428,516) | 17,227,039) | 14,626,150) | 10,044,736) |
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).
- China
- The revenue in China exhibited a general upward trend from 2020 to 2025, with a notable increase from approximately 3.08 billion USD in 2020 to a peak of around 6.29 billion USD in 2024. There was a dip in 2023 to about 4.46 billion USD, followed by a slight decrease in 2025 to roughly 6.21 billion USD, indicating some fluctuation but overall strong growth.
- Korea
- Revenue from Korea showed substantial growth between 2020 and 2021, rising from approximately 2.39 billion USD to 3.92 billion USD, then stabilizing around 4 billion USD in 2022. After a decrease in 2023 and 2024 to below 3 billion USD, revenue rebounded to approximately 4.13 billion USD in 2025, reflecting volatility but a recovery by the latest period.
- Taiwan
- The Taiwanese market experienced growth from 1.9 billion USD in 2020 to a peak near 3.48 billion USD in 2023. This was followed by a sharp decline to roughly 1.67 billion USD in 2024, before rebounding again to 3.45 billion USD in 2025. The data suggest cyclic fluctuations with significant variation between consecutive years.
- Japan
- Revenues from Japan showed consistent growth from 954 million USD in 2020 to around 1.76 billion USD in 2023, then decreased to about 1.46 billion USD in 2024, before increasing again to approximately 1.88 billion USD in 2025. Overall, the trend is upward with some short-term variability.
- United States
- US revenue fluctuated more markedly, starting from about 812 million USD in 2020, declining to 673 million USD in 2021, then rising sharply to 1.66 billion USD in 2023. It dropped again to 1.10 billion USD in 2024, followed by a moderate rise to approximately 1.38 billion USD in 2025, indicating substantial volatility but a general long-term increase.
- Southeast Asia
- Southeast Asia showed a steady revenue increase from 588 million USD in 2020 to around 1.36 billion USD in 2022 and 2023, then a decline to about 794 million USD in 2024, with a slight recovery to 837 million USD in 2025. This reflects an initial growth phase followed by a downturn and minor rebound.
- Europe
- European revenue trended upwards from 308 million USD in 2020 to a peak of approximately 1.16 billion USD in 2023, followed by notable decreases in 2024 and 2025, down to about 563 million USD by 2025. This suggests a peak period followed by a sharp revenue contraction in recent years.
- Total Revenue
- Total consolidated revenue increased steadily from roughly 10.04 billion USD in 2020 to nearly 17.43 billion USD in 2023. There was a decline to around 14.91 billion USD in 2024, followed by a rebound to about 18.44 billion USD in 2025. The overall trajectory shows growth with some intermittent declines primarily concentrated around 2024.
Long-lived assets
Lam Research Corp., long-lived assets by geographic area
US$ in thousands
| Jun 29, 2025 | Jun 30, 2024 | Jun 25, 2023 | Jun 26, 2022 | Jun 27, 2021 | Jun 28, 2020 | |
|---|---|---|---|---|---|---|
| China | 8,567) | 6,390) | 8,865) | 7,214) | 9,301) | 8,720) |
| Korea | 299,497) | 262,405) | 215,898) | 183,809) | 62,502) | 49,943) |
| Taiwan | 96,458) | 98,268) | 65,432) | 72,845) | 47,279) | 11,555) |
| Japan | 8,638) | 7,858) | 8,452) | 8,406) | 13,149) | 11,826) |
| United States | 1,716,574) | 1,582,103) | 1,367,534) | 1,276,274) | 1,137,490) | 1,052,714) |
| Southeast Asia | 451,283) | 390,514) | 339,415) | 248,029) | 129,881) | 31,027) |
| Europe | 134,707) | 115,316) | 93,732) | 77,658) | 77,661) | 80,297) |
| Total | 2,715,724) | 2,462,854) | 2,099,328) | 1,874,235) | 1,477,263) | 1,246,082) |
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).
- Overall Trend in Long-Lived Assets
- The total long-lived assets display a consistent upward trend from June 28, 2020, through June 29, 2025. The total value increased from approximately $1.25 billion to nearly $2.72 billion, reflecting robust asset growth over the five-year period.
- Geographic Breakdown - United States
- The United States represents the largest portion of long-lived assets across all years, with steady and significant growth from about $1.05 billion in 2020 to approximately $1.72 billion in 2025. This indicates continued investment and asset accumulation domestically, maintaining a dominant share of total assets.
- Geographic Breakdown - Korea
- Korea exhibits substantial growth, with assets increasing sharply from around $50 million in 2020 to nearly $300 million in 2025. The asset base in Korea experienced the most pronounced growth among all regions, particularly between 2021 and 2025, signaling strategic expansion or increased capital expenditures in this market.
- Geographic Breakdown - Southeast Asia
- Long-lived assets in Southeast Asia also show strong growth, moving from approximately $31 million in 2020 to roughly $451 million in 2025. The region's asset base more than tenfolded over the period, suggesting significant investments and possibly expanding operational capacity.
- Geographic Breakdown - Taiwan
- Taiwan’s assets grew notably from $11.6 million in 2020 to a peak of $98.3 million in 2024, followed by a slight decrease to about $96.5 million in 2025. This pattern implies rapid growth initially, reaching near saturation or stabilization in the latest year.
- Geographic Breakdown - Europe
- European assets show a moderate but steady increase, rising from around $80 million in 2020 to approximately $135 million in 2025, reflecting measured growth and ongoing investments in the region.
- Geographic Breakdown - Japan
- Japan experiences slight fluctuation with a marginal overall decline; assets start at about $11.8 million in 2020, dip below $8 million in 2024, and modestly recover to around $8.6 million in 2025. This indicates limited expansion or a possible phase of consolidation in this market.
- Geographic Breakdown - China
- Assets in China show variability without a clear growth trend. Values fluctuate between $6.4 million and $9.3 million over the period, ending at $8.6 million in 2025, representing relative stability with minor oscillations.