Lam Research (LRCX) 10-K Summary — Year Ended Jun 25, 2023
Lam Research Corporation filed its annual report on Form 10-K, covering the most recent fiscal year. The filing includes financial metrics, risk factor references, and a discussion of liquidity based on cash flows.
Key takeaway
Year ended Jun 25, 2023 · FY2025 10-K
Lam Research Corporation filed its annual report on Form 10-K, covering the most recent fiscal year. The filing includes financial metrics, risk factor references, and a discussion of liquidity based on cash flows.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$17.4B
Revenue reported for the fiscal year.
Operating income
$5.2B
Income from operations reported for the year.
Net income
$4.5B
Net income reported for the year.
Operating cash flow
$5.2B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 27, 2021 | $14.6B | n/a |
| Jun 26, 2022 | $17.2B | +17.8% |
| Jun 25, 2023 | $17.4B | +1.2% |
Business overview
The business overview section in the supplied context only lists item numbers and does not provide a description of the company's operations. No further details on the company's business are available from the filing sections.
Financial performance
Revenue for the most recent annual period increased compared to the prior year. The company reported operating income, net income, and operating cash flow, with revenue growth moderating relative to the previous year's increase.
Material risks
The filing references risk factors under Item 1A, but the supplied context does not include the specific risk descriptions. No material risks are elaborated in the provided filing excerpts.
Liquidity and capital
The liquidity and capital resources section is stated to provide an analysis of cash flows, as indicated in the filing context. No other capital allocation themes are discussed in the supplied material.
What to watch
Monitor the trend in revenue growth in the next filing, as the most recent period showed a slower increase than the prior year.