Lam Research

Lam Research Corp. is a supplier of semiconductor manufacturing equipment and services to the world’s chipmakers. The Company's advanced process technology is transforming the way semiconductor devices are made, with atomic-scale features that are more than 1,000 times smaller than a grain of sand. Lam collaborates with customers to help them build smaller, faster, and more power-efficient devices that drive technology into everyday life. The Company focuses on solid product performance and value, continuous innovation, and a values-based culture that delivers on its commitments.

Company Growth (employees)
Type
Public
HQ
Fremont, US
Founded
1980
Size (employees)
7,500 (est)
Lam Research was founded in 1980 and is headquartered in Fremont, US

Lam Research Office Locations

Lam Research has an office in Fremont
Fremont, US (HQ)
4650 Cushing Pkwy

Lam Research Data and Metrics

Lam Research Financial Metrics

Lam Research's revenue was reported to be $2.2 b in Q3, 2017
USD

Revenue (Q3, 2017)

2.2 b

Gross profit (Q3, 2017)

971.4 m

Gross profit margin (Q3, 2017), %

45%

Net income (Q3, 2017)

574.7 m

EBIT (Q3, 2017)

538.4 m

Market capitalization (18-Aug-2017)

29.5 b

Cash (26-Mar-2017)

2.1 b
Lam Research's current market capitalization is $29.5 b.
USDFY, 2014FY, 2015FY, 2016

Revenue

4.6 b5.3 b5.9 b

Revenue growth, %

14%12%

Cost of goods sold

2.6 b3 b3.3 b

Gross profit

2 b2.3 b2.6 b

Gross profit Margin, %

44%43%44%

R&D expense

913.7 b

General and administrative expense

631 b

Operating expense total

1.3 b1.5 b1.5 b

EBIT

677.7 m788 m1.1 b

EBIT margin, %

15%15%18%

Pre tax profit

723.4 m740.9 m960.1 m

Income tax expense

91.1 m(85.3 m)(46.1 m)

Net Income

632.3 m655.6 m914 m
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Revenue

1.2 b1.2 b1.4 b1.6 b1.4 b1.3 b1.6 b1.9 b2.2 b

Cost of goods sold

646.8 m695.6 m792.7 m877.7 m799 m742.8 m916.2 m1 b1.2 b

Gross profit

505.5 m536.7 m600.6 m722.4 m626.5 m571.3 m716.2 m846.8 m971.4 m

Gross profit Margin, %

44%44%43%45%44%43%44%45%45%

R&D expense

188.9 m196.8 m217.9 m234.2 m220.8 m221.5 m235.2 m246.8 m266 m

General and administrative expense

148.3 m151.1 m142.8 m152.7 m166.9 m159 m165 m160.2 m167 m

Operating expense total

337.2 m347.9 m360.6 m386.9 m387.7 m380.5 m400.3 m407 m433 m

EBIT

168.3 m188.7 m240 m335.4 m238.8 m190.8 m315.9 m439.8 m538.4 m

EBIT margin, %

15%15%17%21%17%15%19%23%25%

Pre tax profit

162.7 m178.9 m228.6 m308.3 m208.9 m160.9 m292.8 m384.8 m530.6 m

Income tax expense

21.6 m2 m22.3 m(19.6 m)14.1 m(17.5 m)(29 m)(52 m)44.1 m

Net Income

141.1 m176.9 m206.3 m288.7 m223 m143.5 m263.8 m332.8 m574.7 m
USDFY, 2014FY, 2015FY, 2016

Cash

1.5 b1.5 b5 b

Inventories

740.5 m943.3 m971.9 m

Current Assets

4.8 b6.3 b9.2 b

PP&E

543.5 m621.4 m639.6 m

Goodwill

1.5 b1.4 b1.4 b

Total Assets

8 b9.4 b12.3 b

Accounts Payable

223.5 m300.2 m348.2 m

Total Debt

1.3 b2.4 b4.3 b

Current Liabilities

1.6 b2.6 b2.4 b

Total Liabilities

6.2 b

Additional Paid-in Capital

5.2 b5.4 b5.6 b

Retained Earnings

3.6 b4.1 b4.8 b

Total Equity

5 b5.1 b5.9 b

Debt to Equity Ratio

0.3 x0.5 x0.7 x

Debt to Assets Ratio

0.2 x0.3 x0.4 x

Financial Leverage

1.6 x1.8 x2.1 x
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Cash

1.3 b981.3 m1.6 b1.7 b2 b2.2 b5.9 b2.5 b2.1 b

Inventories

815.6 m913.4 m919.7 m916.7 m879.8 m934.9 m931.6 m1 b1.1 b

Current Assets

4.7 b4.9 b6.1 b6.5 b6.7 b6.9 b9.6 b8.5 b8.9 b

PP&E

555.7 m585.4 m579.8 m636.8 m643.7 m664.4 m649.6 m672.6 m675.7 m

Goodwill

1.5 b1.5 b1.5 b1.4 b1.4 b1.4 b1.4 b1.4 b1.4 b

Total Assets

7.9 b8.1 b9.2 b9.6 b9.8 b10 b12.6 b11.5 b11.9 b

Accounts Payable

249.8 m296.4 m322.2 m254.3 m231 m373.2 m349.7 m445.1 m473.4 m

Current Liabilities

1.6 b1.7 b1.7 b2.3 b2.2 b2.3 b2.5 b2.7 b2.8 b

Additional Paid-in Capital

5.3 b5.3 b5.4 b5.5 b5.5 b5.6 b5.6 b5.7 b5.7 b

Retained Earnings

3.7 b3.8 b4 b4.3 b4.5 b4.6 b5 b5.3 b5.8 b

Total Equity

4.9 b5 b5.1 b5.4 b5.6 b5.7 b6.2 b6.4 b6.7 b

Financial Leverage

1.6 x1.6 x1.8 x1.8 x1.8 x1.8 x2 x1.8 x1.8 x
USDFY, 2014FY, 2015FY, 2016

Net Income

632.3 m655.6 m914 m

Depreciation and Amortization

291 m

Inventories

(190.1 m)(207.5 m)(66.4 m)

Accounts Payable

18.7 m76.6 m41.6 m

Cash From Operating Activities

717 m785.5 m1.4 b

Capital Expenditures

(145.5 m)(198.3 m)(175.3 m)

Cash From Investing Activities

(265.2 m)(1.1 b)592.5 m

Dividends Paid

(190.4 m)

Cash From Financing Activities

(162.7 m)378.5 m1.6 b

Free Cash Flow

571.5 m587.2 m1.2 b
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Net Income

141.1 m176.9 m206.3 m288.7 m223 m143.5 m263.8 m332.8 m574.7 m

Inventories

916.7 m879.8 m934.9 m931.6 m1 b1.1 b

Accounts Payable

254.3 m231 m373.2 m349.7 m445.1 m473.4 m
USDY, 2017

Revenue/Employee

287.2 k

Financial Leverage

1.8 x

Lam Research Operating Metrics

Lam Research's Backlog was reported to be $1.4 b in FY, 2016
FY, 2014FY, 2015FY, 2016

Backlog

$866 m$880 m$1.37 b

    Lam Research Market Value History

    Lam Research Revenue Breakdown

    Lam Research Median Salaries

    Source: 335 public H-1B filings from Lam Research

    Traffic Overview of Lam Research

    Lam Research Online and Social Media Presence

    Lam Research News and Updates

    The 4 Best Tech Stocks to Buy Instead of Facebook or Amazon for 2017

    Semiconductor and cybersecurity stocks are poised for growth—and relatively cheap.

    Term Sheet — Thursday, October 6

    Term Sheet

    Antitrust Concerns Scuttle Major Chip Industry Acquisition

    Lam Research has withdrawn its bid for KLA-Tencor.

    Lam Research Company Life and Culture

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