LRCXLam Research
Incorporated in 1980, Lam Research Corporation (“Lam Research,” “Lam,” “we,” “our,” “us,” or the “Company”) is a Delaware corporation, headquartered in Fremont, California. 10-K, Item 1
- Headquarters
- Fremont, CA
- CEO
- Timothy Archer
- Next results
- around Jan 27, 2027
What changed
10-K filed Aug 7, 2026 against Aug 11, 2025| Area | What changed | Source |
|---|---|---|
| Risk factors | 19 new paragraphs, nothing like them in the previous 10-K | 10-K Item 1A |
| Receivables growing faster than revenue | Receivables +58.1% vs revenue +26.0% (+32.0 pts) | 10-K · XBRL |
| Cash from operations lower than net income | Cash from operations $5.9B vs net income $7.3B (FY ending 2026-06-28) | 10-K · XBRL |
| Auditor change | 8-K item 4.01 (change in certifying accountant) filed 2025-09-11 | 10-K · XBRL |
| Critical audit matters changed | New this year: Tab le o f Content s (“As discussed in Notes 2, 4, and 19 to the consolidated financial statements, the Company recorded $23,232,690 thousand in revenue for the year ended June 28, 2026. The Company generates revenue by designing, manufacturing, refurbishing, and servicing semiconductor processing equipment used in the fa”); Evaluation of sufficiency of audit evidence over revenue (“As discussed in Notes 2, 4, and 19 to the consolidated financial statements, the Company recorded $23,232,690 thousand in revenue for the year ended June 28, 2026. The Company generates revenue by designing, manufacturing, refurbishing, and servicing semiconductor processing equipment used in the fa”). No longer listed: Inventory - Valuation. Same as last year: Lam Research Corporation 2026 10-K 71 | 10-K · XBRL |
| Accounting checks | 7 other checks clear, 4 worth a look | 10-K · XBRL |
| Insiders | No open-market buys in the last 90 days | Form 4 |
| Filings | 3 in the last 30 days | EDGAR |
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
What's new, in their words
10-K filed Aug 7, 2026Paragraphs in Risk Factors that were not in the 10-K filed 2025-08-11. Quoted as filed.
Our business depends on the capital equipment expenditures of semiconductor manufacturers, which in turn depend on the current and anticipated market demand for integrated circuits. With the consolidation of customers within the industry, the semiconductor
10-K, Item 1A
Accounting checks
latest 10-K7 of 11 clear 4 worth a look. Checks, not verdicts.
- !Receivables growing faster than revenueReceivables +58.1% vs revenue +26.0% (+32.0 pts)
- !Cash from operations lower than net incomeCash from operations $5.9B vs net income $7.3B (FY ending 2026-06-28)
- !Auditor change8-K item 4.01 (change in certifying accountant) filed 2025-09-11
- !Critical audit matters changedNew this year: Tab le o f Content s (“As discussed in Notes 2, 4, and 19 to the consolidated financial statements, the Company recorded $23,232,690 thousand in revenue for the year ended June 28, 2026. The Company generates revenue by designing, manufacturing, refurbishing, and servicing semiconductor processing equipment used in the fa”); Evaluation of sufficiency of audit evidence over revenue (“As discussed in Notes 2, 4, and 19 to the consolidated financial statements, the Company recorded $23,232,690 thousand in revenue for the year ended June 28, 2026. The Company generates revenue by designing, manufacturing, refurbishing, and servicing semiconductor processing equipment used in the fa”). No longer listed: Inventory - Valuation. Same as last year: Lam Research Corporation 2026 10-K 71
- ✓Inventory -0.7% vs revenue +26.0% (-26.8 pts)
- ✓No statement of substantial doubt about going concern
- ✓No 8-K item 4.02 in the last 2 years
- ✓No NT 10-K or NT 10-Q in the last 2 years
- ✓No sentence in the 10-K concludes that controls were not effective because of a material weakness
- ✓No 8-K item 2.06 in the last 2 years
- ✓No 8-K item 1.03 in the last 2 years
In the last 30 days
All filings →- Nov 5, 20268-K Shareholder vote results, Other events 8-K items 5.07, 8.01
- Oct 22, 202610-Q Quarterly report (10-Q) period ended Sep 27, 2026
- Oct 21, 20268-K Quarterly results 8-K item 2.02
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