Lam Research debt and dilution100

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

$3,734.563M

Cash & equivalents

USD millions

$5,579.171M

Net debt

USD millions

$-1,844.608M

Debt / equity

0.3×

Debt / assets

15.87%

Net debt / EBITDA

× · TTM

-0.21×

Debt / FCF

× · TTM

0.76×

Interest coverage

× · TTM

52.27×

Current ratio

2.63×

Diluted shares

Million shares

1,256.03M shares

Basic shares

Million shares

1,251.29M shares

Share count growth

-1.8%

Share repurchases

USD millions

$246.56M

Quarterly data

Lam Research capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	Total debtUSD millions	Cash & equivalentsUSD millions	Net debtUSD millions	Debt / equity×	Debt / assets%	Net debt / EBITDA×	Debt / FCF×	Interest coverage×	Current ratio×	Diluted sharesMillion shares	Basic sharesMillion shares	Share count growth%	Share repurchasesUSD millions
FY 2026 Q4	Jun 28, 2026	3,734.56	5,579.17	-1,844.61	0.3×	15.87%	-0.21×	0.76×	52.27×	2.63×	1,256.03	1,251.29	-1.8%	246.56
FY 2026 Q3	Mar 29, 2026	3,734.48	4,750.94	-1,016.46	0.35×	17.96%	-0.13×	0.62×	44.89×	2.54×	1,257.33	1,249.73	-2.65%	1,162.84
FY 2026 Q2	Dec 28, 2025	4,483.75	6,180.44	-1,696.69	0.44×	20.96%	-0.23×	0.72×	40.53×	2.26×	1,261.74	1,254.86	-2.51%	1,466.16
FY 2026 Q1	Sep 28, 2025	4,483.94	6,693.05	-2,209.1	0.44×	20.47%	-0.32×	0.81×	36.79×	2.21×	1,269.31	1,264.45	-2.68%	975.79
FY 2025 Q4	Jun 29, 2025	4,484.51	6,390.66	-1,906.15	0.45×	21.01%	-0.3×	0.83×	33.11×	2.21×	1,276.93	1,274.28	-2.45%	1,292.28
FY 2025 Q3	Mar 30, 2025	4,484.34	5,450.72	-966.38	0.47×	22.46%	-0.17×	1.18×	29.07×	2.45×	1,288.1	1,283.78	-1.88%	435.32
FY 2025 Q2	Dec 29, 2024	4,982.28	5,665.38	-683.09	0.57×	25.11%	-0.13×	1.23×	26.01×	2.54×	1,291.47	1,287.11	-2.22%	697.69
FY 2025 Q1	Sep 29, 2024	4,983.77	6,067.47	-1,083.7	0.59×	25.52%	-0.22×	1.03×	24.37×	2.53×	1,304.07	1,299.24	-2.01%	997.04
FY 2024 Q4	Jun 30, 2024	4,983.33	5,847.86	-864.52	0.58×	26.59%	-0.19×	1.17×	23.02×	2.97×	1,311.12	1,306.32	-2.55%	373.55
FY 2024 Q3	Mar 31, 2024	4,983.45	5,672.23	-688.78	0.62×	27.26%	-0.16×	1.1×	21.54×	2.82×	1,315.18	1,308.38	-3.03%	980.56
FY 2024 Q2	Dec 24, 2023	4,983.78	5,623.29	-639.5	0.61×	26.53%	-0.15×	1.02×	20.91×	3.06×	1,322.2	1,316.29	-3.23%	645.46
FY 2024 Q1	Sep 24, 2023	4,984.32	5,126.15	-141.83	0.62×	26.89%	-0.03×	1.11×	24.23×	3.06×	1,331.66	1,325.84	-3.15%	843.24
FY 2023 Q4	Jun 25, 2023	5,011.54	5,337.06	-325.51	0.61×	26.68%	-0.06×	1.07×	27.75×	3.16×	1,343.94	1,340.53	-2.86%	869.01
FY 2023 Q3	Mar 26, 2023	5,005.38	5,305.65	-300.27	0.6×	26.01%	-0.05×	1.27×	31.15×	3.09×	1,353.95	1,349.24	-3.09%	581.94
FY 2023 Q2	Dec 25, 2022	5,003.28	4,484.72	518.57	0.6×	26.05%	0.08×	1.69×	32.59×	3.01×	1,363.39	1,360.18	-3.28%	456.28
FY 2023 Q1	Sep 25, 2022	5,003.47	4,256.5	746.97	0.67×	26.73%	0.12×	1.52×	30.73×	2.69×	1,372.08	1,368.91	-3.42%	109.78
FY 2022 Q4	Jun 26, 2022	5,005.83	3,522	1,483.83	0.8×	29.11%	0.26×	1.96×	29.13×	2.69×	1,383.12	1,379.94	-3.27%	876.09
FY 2022 Q3	Mar 27, 2022	5,008.35	4,194.72	813.63	0.83×	30.19%	0.15×	1.4×	27.43×	2.83×	1,400.57	1,392.29	-2.42%	1,338.01
FY 2022 Q2	Dec 26, 2021	4,994.32	5,086.54	-92.22	0.77×	29.93%	-0.02×	1.24×	26.67×	3.13×	1,415.3	1,406.3	-2.22%	414.82
FY 2022 Q1	Sep 26, 2021	4,995.33	4,042.15	953.18	0.86×	32.09%	0.18×	1.68×	24.28×	3.27×	1,426.12	1,417.43	-2.43%	1,236.75
FY 2021 Q4	Jun 27, 2021	5,001.68	4,418.26	583.42	0.83×	31.47%	0.12×	1.54×	21.49×	3.3×	1,435.11	1,426.61	-1.81%	431.26
FY 2021 Q3	Mar 28, 2021	5,817.05	3,673.37	2,143.68	1.08×	38.06%	0.51×	2.18×	19.02×	3.13×	1,446.09	1,426.76	-1.81%	1,094.57
FY 2021 Q2	Dec 27, 2020	5,825.34	3,687.17	2,138.18	1.06×	37.9%	0.58×	2.79×	17.5×	3.19×	1,459.1	1,438.3	-0.11%	723.3
FY 2021 Q1	Sep 27, 2020	5,827.63	4,129.07	1,698.57	1.08×	38.7%	0.5×	2.8×	16.69×	3.31×	1,472.48	1,452.67	0.41%	448.58
FY 2020 Q4	Jun 28, 2020	5,810.73	4,915.17	895.55	1.12×	39.91%	0.3×	3.02×	15.07×	3.43×	1,474.16	1,452.94	-1.91%	41.02
FY 2020 Q3	Mar 29, 2020	5,086.34	3,961.59	1,124.75	1.12×	39.31%	0.4×	2.58×	14.6×	4.47×	1,481.65	1,453.01	-3.9%	245.43
FY 2020 Q2	Dec 29, 2019	4,418.36	3,035.89	1,382.47	1.01×	37.09%	0.51×	1.89×	14.83×	3.3×	1,500.97	1,439.87	-7.12%	1,005.07
FY 2020 Q1	Sep 29, 2019	4,433.25	4,607.18	-173.93	0.9×	35.92%	-0.06×	1.68×	17.28×	3.59×	1,506.82	1,446.73	-7.06%	78.13
FY 2019 Q4	Jun 30, 2019	4,489.9	3,658.22	831.68	0.96×	37.41%	0.3×	1.56×	21.02×	3.61×	1,544.75	1,481.3	-7.95%	1,108.56
FY 2019 Q3	Mar 31, 2019	4,765.62	4,931.61	-165.99	0.9×	36.96%	-0.05×	1.77×	29.12×	3.37×	1,578.49	1,512.01	-6.88%	934.64
FY 2019 Q2	Dec 23, 2018	2,000.29	3,359.79	-1,359.5	0.35×	18.58%	-0.4×	0.7×	33.41×	3.39×	1,621.7	1,550.22	-3.79%	1.52
FY 2019 Q1	Sep 23, 2018	2,355.46	2,568.09	-212.63	0.44×	21.5%	-0.06×	1.05×	32.66×	2.66×	1,653.27	1,556.58	-4%	1,735.9
FY 2018 Q4	Jun 24, 2018	2,416.59	4,512.26	-2,095.67	0.37×	19.36%	-0.59×	1.01×	33×	2.9×	1,754.33	1,609.17	-0.8%	1,306.31
FY 2018 Q3	Mar 25, 2018	3,205	4,699	-1,494	0.47×	23.46%	-0.47×	1.31×	29.28×	2.64×	1,797.79	1,623.78	-0.63%	80.11
FY 2018 Q2	Dec 24, 2017	3,191.62	1,745.17	1,446.45	0.52×	24.72%	0.5×	1.76×	26.6×	2.47×	1,611.35	1,611.35	-0.94%	1,111.45
FY 2018 Q1	Sep 24, 2017	2,433.38	2,406.46	26.92	0.33×	19.63%	0.01×	1.09×	22.75×	3.31×	1,838.8	1,621.41	0.96%	155.39
FY 2017 Q4	Jun 25, 2017	2,693.41	2,377.53	315.88	0.4×	22.22%	0.14×	1.44×	16.16×	3.1×	1,864.25	1,622.13	1.47%	525.78
FY 2017 Q3	Mar 26, 2017	2,682.59	2,128.57	554.01	0.4×	22.59%	0.29×	1.73×	12.7×	3.22×	1,850.94	1,634.08	2.75%	216.37
FY 2017 Q2	Dec 25, 2016	2,726.61	2,503.96	222.65	0.43×	23.67%	0.14×	2.08×	9×	3.2×	1,835.43	1,626.59	2.67%	67.67
FY 2017 Q1	Sep 25, 2016	4,331.18	5,861.7	-1,530.52	0.7×	34.28%	-1.13×	3.59×	6.96×	3.86×	1,800.17	1,606.07	1.42%	1.85
FY 2016 Q4	Jun 26, 2016	4,333.08	5,039.32	-706.25	0.74×	35.31%	-0.52×	3.69×	7.97×	3.81×	1,776.49	1,598.61	0.8%	27.11
FY 2016 Q3	Mar 27, 2016	2,386.23	2,232.02	154.21	0.42×	23.8%	0.12×	2.31×	7.6×	2.96×	1,743.73	1,590.39	0.03%	20.09
FY 2016 Q2	Dec 27, 2015	2,378.38	1,967.87	410.51	0.43×	24.39%	0.32×	2.26×	9.54×	3×	1,742.42	1,584.24	-0.52%	12.8
FY 2016 Q1	Sep 27, 2015	2,370.01	1,744.33	625.68	0.44×	24.7%	0.51×	2.67×	11.56×	2.86×	1,743.74	1,583.52	-2.06%	98.39
FY 2015 Q4	Jun 28, 2015	2,361.03	1,501.54	859.49	0.46×	25.21%	0.81×	4.02×	10.7×	2.38×	1,765.75	1,585.91	-8.46%	74.34
FY 2015 Q3	Mar 29, 2015	2,351.78	1,635.64	716.14	0.46×	25.46%	0.66×	4.18×	12.58×	3.49×	1,775.31	1,589.92	-2%	124.94
FY 2015 Q2	Dec 28, 2014	1,350.84	981.28	369.57	0.27×	16.66%	0.35×	—	12.22×	2.88×	1,770.46	1,592.48	-1.88%	65.54
FY 2015 Q1	Sep 28, 2014	1,343.37	1,293.68	49.69	0.27×	17.02%	0.05×	—	11.93×	2.93×	1,771.18	1,616.85	-0.74%	308.42
FY 2014 Q4	Jun 29, 2014	1,335.47	1,452.68	-117.21	0.27×	16.71%	-0.12×	2.34×	10.98×	3.02×	1,848.59	1,732.52	6.6%	40.25
FY 2014 Q3	Mar 30, 2014	1,328.09	1,292.3	35.79	0.28×	17.23%	0.04×	2.66×	8.94×	2.88×	1,716.36	1,622.38	-0.49%	—
FY 2014 Q2	Dec 29, 2013	1,319.76	1,132.56	187.2	0.28×	17.47%	0.28×	4.15×	6.03×	2.79×	1,717.57	1,623.05	-4.92%	47.91
FY 2014 Q1	Sep 29, 2013	1,311.91	1,156.18	155.73	0.29×	18%	0.31×	3.43×	3.41×	2.8×	1,713.63	1,628.96	-9.47%	104.29
FY 2013 Q4	Jun 30, 2013	1,303.91	1,162.47	141.44	0.29×	17.98%	0.34×	2.33×	1.95×	2.7×	1,707.35	1,625.2	21.29%	2.28
FY 2013 Q3	Mar 31, 2013	1,296.15	1,019.11	277.04	0.29×	18.14%	0.85×	2.66×	1.14×	4.58×	1,685.04	1,630.34	36.04%	86.4
FY 2013 Q2	Dec 23, 2012	1,288.19	1,190.19	98	0.27×	17.5%	0.3×	2.4×	2.21×	4.66×	1,730.27	1,706.99	42.56%	355.01
FY 2013 Q1	Sep 23, 2012	1,280.31	1,411.47	-131.15	0.26×	16.58%	-0.42×	2.43×	3.46×	4.88×	1,819.26	1,799.28	46.13%	355.08
FY 2012 Q4	Jun 24, 2012	1,272.92	1,564.75	-291.83	0.25×	15.9%	-0.86×	3.25×	6.1×	3.09×	1,354.42	1,339.92	8.35%	661.06
FY 2012 Q3	Mar 25, 2012	757.93	1,410.27	-652.34	0.29×	18.07%	-1.5×	1.53×	10.49×	5.25×	1,209.56	1,198.41	-3.1%	18.91
FY 2012 Q2	Dec 25, 2011	751.9	1,506.93	-755.03	0.31×	18.9%	-1.33×	1.29×	20.45×	5.41×	1,208.73	1,197.39	-2.73%	20.64
FY 2012 Q1	Sep 25, 2011	747.7	1,339.32	-591.62	0.31×	19.17%	-0.78×	1.27×	46.75×	5.27×	1,240.49	1,231.3	-0.43%	72.05
FY 2011 Q4	Jun 26, 2011	743.27	1,492.13	-748.86	0.3×	18.32%	-0.85×	0.99×	149.5×	4.79×	1,247.85	1,236.7	—	53.75
FY 2011 Q3	Mar 27, 2011	20.19	942.71	-922.52	0.01×	0.64%	—	—	—	3.56×	1,252.93	1,236.74	—	8.62
FY 2011 Q2	Dec 26, 2010	20.64	729.06	-708.42	0.01×	0.7%	—	—	—	3.16×	1,247.86	1,231.01	—	4.15
FY 2011 Q1	Sep 26, 2010	20.3	628.28	-607.98	0.01×	0.77%	—	—	—	3.13×	1,252.02	1,236.65	—	144.8

Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · LRCX, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt: Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents: Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt: Total debt − cash and equivalents. Negative means net cash.
Debt / equity: Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets: Total debt / total assets × 100.
Net debt / EBITDA: Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF: Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage: TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio: Current assets / positive current liabilities.
Diluted shares: Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares: Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth: Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases: Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.

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