Aslan Research · Chip equipment
LAM RESEARCH CORP (LRCX)
Data as of 2026-08-21 · 28 quarters · filed in USD
Revenue reached $16.2 billion over the trailing year, while expenses were $4.5 billion. Revenue grew 11% per year as expenses declined 8% per year, a gap that points to stronger operating leverage.
Earned, collected early, and merely signed
Reports $3.7B of debt; has promised $5.6B
Total committed money was 1.5x reported debt. Beyond $3.7 billion of debt, the commitments include $387 million for leases and $1.5 billion for purchases.
What the promised total is made of, latest quarter
Spending, by reported line
When the promises come due
The next five years carry $3.5 billion due against $2.4 billion of future revenue promised for that period. The filing also shows $2.2 billion due after year five, extending the payment wall beyond the main five-year window.
The rates that matter
Expenses as filed vs after cited reconciliation
7 patterns worth a second look
The sharpest flag is the disclosed residual-value guarantees and cash collateral tied to California facility lease arrangements. Filings also show changing credit and commercial-paper limits, recurring planned trading arrangements involving directors and executive officers, and inconsistent XBRL scales across filings.
off balance sheet · 1
The filings disclose substantial residual-value guarantees and cash collateral tied to California facility lease arrangements.
one time dressing · 1
Restructuring charges are presented alongside operating outlook measures across sequential filings.
redefinition · 2
The revolving credit facility changes from a $1.50 billion commitment with a $600.0 million expansion option to a $2.0 billion facility with a $750.0 million expansion option.
The commercial paper program increases from a $1.50 billion maximum to a $2.00 billion maximum.
related party exposure · 1
The filings repeatedly disclose substantial planned trading arrangements involving directors and executive officers.
subsequent event · 1
The FY2022 filing reports a planned workforce reduction and approximately $80.0 million of related costs after period end.
tagging quality · 1
7 XBRL facts were reported at inconsistent scales across filings (e.g. us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding).