{"schemaVersion":1,"research":true,"symbol":"lrcx","name":"Lam Research","topic":"moat","path":"/stock/lrcx/moat","status":"published","version":3,"updatedAt":"2026-10-18T12:28:28.989Z","locked":false,"publicFairValue":false,"fairValue":null,"moat":{"verdict":"narrow","summary":"Lam has an application-specific switching-cost advantage supported by substantial equipment qualification and integration requirements and demonstrated growth in installed-base support demand. This supports a narrow moat, with durability dependent on continued technical competitiveness. Technical leadership and installed-base learning remain potential reinforcements rather than separately demonstrated advantages. Pricing power is unproven: profitability has held up, but the passages disclose neither realized pricing changes nor sufficient customer pricing terms.","advantages":[{"mechanism":"switching_costs","claim":"Substantial qualification and production-line integration investments favor incumbent equipment suppliers. Lam's expanding installed base and increased spares, upgrades and services revenue demonstrate that it benefits from ongoing equipment relationships. The mechanism also protects competitors where they are incumbent.","durability":"Protection is strongest within an already qualified production-line application. Lifecycle upgrades support continued use, but the claimed extended reliance is management's assessment; no precise duration or customer-level retention history is supplied.","risks":"Technology transitions can shift demand toward applications where Lam has less presence. Regional competition, broader competing portfolios, customer alliances and export restrictions could erode access or competitiveness. These disclosures largely describe potential risks rather than demonstrated displacement.","invalidation":"The advantage would be undermined by demonstrated routine replacement of qualified Lam tools without substantial integration costs, repeated displacement within existing production applications, or sustained loss of installed-base spares, upgrade and service demand attributable to substitution rather than industry spending cycles.","competitors":[],"evidenceIds":["e1","e2","e3","e4"],"counterEvidenceIds":["e5","e6","e7","e8"]}],"evidence":[{"id":"e1","sourceId":"filing-2","location":"Risk factors / equipment qualification and incumbent supplier purchasing","excerpt":"Once a Semiconductor Manufacturer Commits to Purchase a Competitor’s Semiconductor Manufacturing Equipment, the Manufacturer Typically Continues to Purchase That Competitor’s Equipment, Making It More Difficult for Us to Sell Our Equipment to That Customer Semiconductor manufacturers must make a substantial investment to qualify and integrate wafer processing equipment into a semiconductor production line."},{"id":"e2","sourceId":"filing-2","location":"Risk factors / management assessment of application-specific equipment reliance","excerpt":"We believe that once a semiconductor manufacturer selects a particular supplier’s processing equipment, the manufacturer generally relies upon that equipment for that specific production line application for an extended period of time, especially for customers that are more focused on tool reuse."},{"id":"e3","sourceId":"filing-2","location":"MD&A / March 2026 revenue, profitability and installed-base support growth","excerpt":"Lam Research Corporation 2026 Q3 10-Q 18 Table of Contents The following table summarizes certain key financial information for the periods indicated below: Three Months Ended March 29, 2026 December 28, 2025 (in thousands, except per share data and percentages) Revenue $ 5,841,488 $ 5,344,791 Gross margin $ 2,910,527 $ 2,651,162 Gross margin as a percent of total revenue 49.8 % 49.6 % Total operating expenses $ 863,511 $ 840,959 Net income $ 1,825,460 $ 1,593,994 Diluted net income per share $ 1.45 $ 1.26 In the March 2026 quarter, revenue increased 9% compared to the three months ended December 28, 2025 (the “December 2025 quarter”), driven by an increase in systems revenue primarily resulting from increased customer investments in the DRAM market segment as well as an increase in customer support-related revenue mainly tied to our expanding installed base and higher spares, upgrades and services revenue, partially offset by decreased customer spend on non-leading-edge equipment."},{"id":"e4","sourceId":"filing-4","location":"Business / upgrades extending existing fabrication-line capabilities","excerpt":"Many of the technical advances that we introduce in our newest products are also available as upgrades, which provide customers with a cost-effective strategy for extending the performance and capabilities of their existing wafer fabrication lines."},{"id":"e5","sourceId":"filing-1","location":"Risk factors / alternative processes potentially reducing customer reliance","excerpt":"Moreover, customers may adopt new technologies or processes to address the complex challenges associated with next-generation devices, or may adopt new technologies, including those based upon AI, that reduce their reliance on us for process development."},{"id":"e6","sourceId":"filing-2","location":"Risk factors / competing supplier relationships with semiconductor manufacturers","excerpt":"We face a greater risk if our competitors enter into strategic relationships with leading semiconductor manufacturers covering products similar to those we sell or may develop, as this could adversely affect our ability to sell products to those manufacturers."},{"id":"e7","sourceId":"filing-2","location":"Risk factors / competing suppliers' financial resources and product breadth","excerpt":"Certain of our competitors, including those that are created and financially backed by foreign governments, have substantially greater financial resources and more extensive engineering, manufacturing, marketing, and customer service and support resources than we do and therefore have the potential to offer customers a more comprehensive array of products and/or product capabilities and to therefore achieve additional relative success in the semiconductor equipment industry."},{"id":"e8","sourceId":"filing-1","location":"Risk factors / product concentration, competition and export restrictions","excerpt":"Our business, results of operations, financial condition, and cash flows could therefore be adversely affected by: •a decline in demand for even a limited number of our products; •a failure to achieve continued market acceptance of our key products; •export restrictions or other regulatory or legislative actions that could limit our ability to sell those products to key customers or customers within certain markets; •an improved version of products being offered by a competitor in the markets in which we participate; •increased pressure from competitors that offer broader product lines; •increased pressure from regional competitors; •technological changes that we are unable to address with our products; •slower than anticipated development of various target markets that utilize new technologies; or •a failure to release new or enhanced versions of our products on a timely basis."},{"id":"e9","sourceId":"filing-1","location":"Business / asserted opportunities for sustainable differentiation","excerpt":"Several factors create opportunity for sustainable differentiation for us: (i) our focus on research and development, with several on-going programs relating to sustaining engineering, product and process development, and concept and feasibility; (ii) our ability to effectively leverage cycles of learning from our broad installed base; (iii) our collaborative focus with semi-ecosystem partners, including our close-to-customer focus; (iv) our ability to Lam Research Corporation 2026 10-K 4 Table of Contents identify and invest in the breadth of our product portfolio to meet technology inflections; and (v) our focus on delivering our multi-product solutions with a goal to enhance the value of Lam’s solutions to our customers."},{"id":"e10","sourceId":"filing-1","location":"Risk factors / attempted cost pass-through and uncertain customer response","excerpt":"Although we are endeavoring to pass along some of the impact of increased costs to our customers to counteract adverse impacts to our gross margins and other results of operations, such measures could be unsuccessful, or could have the effect of reducing demand for our products or services, which would adversely impact our revenue or market share."},{"id":"e11","sourceId":"filing-3","location":"Appendix / fiscal 2022–2026 operating margin reconciliation","excerpt":"GAAP operating income as percent of revenue 35.3 % 32.0 % 28.6 % 29.7 % 31.2 % Non-GAAP operating income as a percent of revenue 35.8 % 32.3 % 30.3 % 30.7 % 31.3 % Calendar Year 2025 U.S."},{"id":"e12","sourceId":"filing-2","location":"Liquidity and capital resources / actual cash generation and uses","excerpt":"The decrease was primarily driven by $3.60 billion of share repurchases, including net share settlement on employee stock-based compensation and excise tax; $945.3 million in dividends paid; $777.6 million in capital expenditures, and $754.1 million of principal payments on debt instruments and debt issuance costs, partially offset by cash generated from operating activities totaling $4.40 billion."},{"id":"e13","sourceId":"filing-1","location":"MD&A / fiscal 2026 and 2025 operating cash flows","excerpt":"Net cash provided by operating activities of $5.86 billion and $6.17 billion during fiscal year 2026 and 2025, respectively, consisted of:"},{"id":"e14","sourceId":"filing-1","location":"Commitments / purchase obligations at June 28, 2026","excerpt":"The Company’s commitments related to these agreements as of June 28, 2026, were as follows: Payments Due by Fiscal Year: Purchase Obligations (in thousands) 2027 $ 1,056,893 2028 174,260 2029 71,719 2030 61,397 2031 37,185 Thereafter 79,741 Total $ 1,481,195 Transition Tax Liability On December 22, 2017, the “Tax Cuts & Jobs Act” was signed into law."},{"id":"e15","sourceId":"filing-2","location":"Note 4 / recognized equity compensation expense","excerpt":"The Company recognized the following equity-based compensation expense (including expense related to the employee stock purchase plan) in the Condensed Consolidated Statements of Operations: Three Months Ended Nine Months Ended March 29, 2026 March 30, 2025 March 29, 2026 March 30, 2025 (in thousands) Equity-based compensation expense $ 96,616 $ 87,115 $ 282,396 $ 249,085 Lam Research Corporation 2026 Q3 10-Q 10 Table of Contents NOTE 5 — OTHER INCOME (EXPENSE), NET The significant components of other income (expense), net, are as follows: Three Months Ended Nine Months Ended March 29, 2026 March 30, 2025 March 29, 2026 March 30, 2025 (in thousands) Interest income $ 42,639 $ 50,638 $ 159,724 $ 176,698 Interest expense (39,333) (45,184) (122,681) (135,429) (Losses) gains on deferred compensation plan-related assets, net (27,265) (16,903) 12,451 5,019 Foreign exchange losses, net (1,050) (4,702) (14,618) (19,505) Other, net (10,451) (8,884) (13,852) (7,475) $ (35,460) $ (25,035) $ 21,024 $ 19,308 NOTE 6 — INCOME TAX EXPENSE The Company’s provision for income taxes and effective tax rate are as follows: Three Months Ended Nine Months Ended March 29, 2026 March 30, 2025 March 29, 2026 March 30, 2025 (in thousands, except percentages) Income tax expense $ 186,096 $ 206,057 $ 719,217 $ 541,019 Effective tax rate 9.3 % 13.4 % 12.6 % 12.9 % The difference between the U.S."},{"id":"e16","sourceId":"filing-3","location":"Executive compensation / February 2026 grants actually made","excerpt":"dollar value. On February 27, 2026, the committee made a grant under the 2026/2028 LTIP of Market-based PRSUs and service-based RSUs, on the terms set forth in the tables titled “2026/2028 LTIP Equity Vehicles” and “2026/2028 Market-based PRSU Performance Parameters” above, with a combined value equal to the NEO’s total target award opportunity, as determined by the committee and shown below."},{"id":"e17","sourceId":"filing-3","location":"Executive compensation / ownership guidelines and qualified compliance disclosure","excerpt":"Stock Ownership Guidelines (Page 43) – We have stock ownership guidelines for each of our executive officers and certain other senior executives; each of our named executive officers has met their individual ownership level under the current program or has a period of time remaining under the guidelines to do so."},{"id":"e18","sourceId":"filing-3","location":"Executive compensation / actual calendar 2025 incentive funding outcome","excerpt":"(2) The Funding Factor resulted in AIP funding at 250.0% of target award opportunity for the calendar year (based on the actual non-GAAP operating margin results and the specific goal detailed under “ – 2025 Annual Incentive Program Funding Factor, Corporate Performance Factor, and Profitability Performance Factor” above)."},{"id":"e19","sourceId":"filing-3","location":"Corporate governance / current board independence","excerpt":"Our corporate governance structure includes: •Independent Board: All of the Company’s current Board members are independent except for the CEO."},{"id":"e20","sourceId":"filing-3","location":"Corporate governance / independent standing committees","excerpt":"•Independent Committees: Each of the Board’s three key standing committees—the audit committee, the compensation and human resources committee, and the nominating and governance committee—are comprised solely of independent directors."},{"id":"e21","sourceId":"filing-3","location":"Corporate governance / separate CEO and independent chair","excerpt":"•Independent Board Leadership: The Company maintains separate CEO and Board chair roles, and the Board chair is currently an independent director."},{"id":"e22","sourceId":"filing-3","location":"Compensation recovery policy / mandatory restatement-related recoupment","excerpt":"Securities Exchange Act of 1934, as amended (the “Exchange Act”), pursuant to which we must recoup, on a pre-tax basis, the excess amount of incentive-based compensation granted, earned, or vested wholly or in part on the attainment of any financial reporting measure during the three completed fiscal years immediately preceding the date on which the Company is required to prepare a restatement."},{"id":"e23","sourceId":"filing-2","location":"Risk factors / acknowledged instances of ineffective compliance procedures","excerpt":"There have been, and may continue to be, instances of our compliance policies and procedures not being effective to ensure full compliance with all of the laws, rules and regulations to which we are subject, which non-compliance has presented and may present risks to our business, including potential fines, restrictions on our actions, and reputational damage."},{"id":"e24","sourceId":"filing-2","location":"Segment reconciliation / comparative revenue, R&D spending and pretax income","excerpt":"The table below reconciles the Company's reportable segment to income before income taxes: Three Months Ended Nine Months Ended March 29, 2026 March 30, 2025 March 29, 2026 March 30, 2025 (In thousands) Revenue $ 5,841,488 $ 4,720,175 $ 16,510,452 $ 13,264,198 Installation and warranty expense 164,334 135,170 446,139 384,265 Other cost of goods sold (COGS) (1) 2,671,667 2,224,119 7,542,513 6,308,606 Segment COGS 2,836,001 2,359,289 7,988,652 6,692,871 Segment gross margin 3,005,487 2,360,886 8,521,800 6,571,327 Reconciliation to consolidated gross margin All other COGS 94,960 47,200 275,232 181,977 Gross margin 2,910,527 2,313,686 8,246,568 6,389,350 Research and development 583,200 525,904 1,732,951 1,516,209 Selling, general, and administrative 280,311 226,023 827,310 713,301 Other income (expense), net (35,460) (25,035) 21,024 19,308 Income before income taxes $ 2,011,556 $ 1,536,724 $ 5,707,331 $ 4,179,148 (1)Other COGS is primarily comprised of the capitalized cost of inventory sold, including both direct and indirect costs, but excludes installation and warranty expense and those items not allocated to the segment."}],"changes":["Retain the previous narrow switching-cost verdict; qualification requirements and installed-base support growth continue to substantiate it.","Add criterion-level assessments supported by actual capital deployment, operating results and the supplied September 2026 proxy disclosures.","Keep realized pricing and contractual freedom ungraded: attempted cost pass-through does not demonstrate successful price realization."],"limitations":["All supplied evidence is issuer-sourced. Qualification requirements and reported operating results support assessment, but technical superiority and extended customer reliance are partly management assertions.","No competitors are identified by company name in the supplied competitive passages; competitor coverage cannot be established and the competitor array is empty.","No customer-level retention rates, replacement frequency, qualification-cost amounts, comparative market shares or demonstrated pricing changes are supplied.","Pricing clauses, repricing rights and termination terms are insufficient to assess contractual pricing freedom. Deferred revenue does not establish those rights.","The proxy supplies actual grants, incentive outcomes and governance policies, but not the detailed individual ownership balances or full incentive weightings needed to establish exceptional alignment. Ownership compliance includes executives still within their permitted compliance periods.","Source dates retain dateKind filed: filing-1 August 7, 2026; filing-2 April 23, 2026; filing-3 September 24, 2026; filing-4 August 11, 2025. These are filing dates, not retrieval or assumed publication dates. November 2026 voting proposals are not treated as completed votes.","Generic competitive and regulatory risks are potential erosion channels, not proof of realized competitive weakness. Acknowledged past compliance shortcomings are actual adverse evidence, although their severity is unspecified."],"qualityAssessments":[{"category":"moat","checks":[{"criterion":"structural_advantage","grade":3,"rationale":"Substantial qualification and integration requirements create a concrete incumbent advantage, corroborated by Lam's installed-base support growth. This is application-specific and also benefits incumbent competitors.","evidenceIds":["e1","e3"]},{"criterion":"durability","grade":2,"rationale":"Lifecycle upgrades and management's extended-reliance assessment support persistence within qualified applications. Technology substitution and the absence of measured retention duration limit confidence across technology generations.","evidenceIds":["e2","e4","e5"]},{"criterion":"customer_dependency","grade":3,"rationale":"Qualification investment and increased spares, upgrades and services demand support meaningful operational dependency. Repeat demand is assessed indirectly from operating evidence, without a fabricated retention rate or claim of customer exclusivity.","evidenceIds":["e1","e3","e4"]},{"criterion":"erosion_resilience","grade":2,"rationale":"Installed-base support growth shows continued relevance, but supplier alliances, competing resources and alternative processes leave resilience across future transitions unproven. Disclosed learning advantages are management assertions.","evidenceIds":["e3","e5","e6","e7","e9"]}]},{"category":"pricing_power","checks":[{"criterion":"realized_pricing","grade":null,"rationale":"Lam reports attempting to pass through higher costs, but supplies no realized pricing outcome. Revenue growth and margins cannot isolate price from volume, mix or efficiency.","evidenceIds":["e10","e3"]},{"criterion":"retention","grade":3,"rationale":"Higher installed-base spares, upgrades and services revenue, together with substantial qualification friction, supports demonstrated repeat demand. This is indirect retention evidence and does not establish willingness to accept higher prices.","evidenceIds":["e1","e2","e3"]},{"criterion":"margin_resilience","grade":3,"rationale":"GAAP operating margins remained between 28.6% and 35.3% across fiscal 2022–2026, recovering after declines, while March 2026 gross margin held near the preceding quarter. This supports resilience across changing demand conditions, without attributing it solely to pricing.","evidenceIds":["e11","e3","e10"]},{"criterion":"contractual_freedom","grade":null,"rationale":"The passages do not establish customer price-setting rights, repricing mechanisms or restrictions on changing terms. Attempted cost pass-through alone cannot establish contractual freedom.","evidenceIds":["e10"]}]},{"category":"strong_management","checks":[{"criterion":"capital_discipline","grade":2,"rationale":"Substantial operating cash generation supported investment, shareholder returns and debt repayment. However, nine-month distributions and other capital uses exceeded operating cash generation and reduced cash reserves; commitments and equity compensation add demands. Outcomes support mixed discipline rather than proven value creation from repurchases.","evidenceIds":["e12","e13","e14","e15"]},{"criterion":"incentive_alignment","grade":2,"rationale":"Actual market-based and service-based grants, performance-linked incentive funding, ownership guidelines and recovery provisions provide alignment. Margin-based incentive funding reached 250% of target, and ownership compliance is qualified by remaining compliance periods. Missing individual ownership balances and full award weightings limit a stronger judgment; grants are not assumed vested.","evidenceIds":["e16","e17","e18","e22"]},{"criterion":"execution","grade":3,"rationale":"Comparative revenue and pretax income growth, increased R&D spending, installed-base support growth and multiyear operating profitability demonstrate strong operating execution. Management contribution is inferred from company outcomes; industry investment growth also contributed.","evidenceIds":["e24","e3","e11","e13"]},{"criterion":"governance","grade":2,"rationale":"Current independent board and committee structures, separate independent chair and compensation recovery policy are substantive safeguards. Acknowledged instances of ineffective compliance procedures provide adverse evidence with unspecified consequences, preventing a uniformly strong effectiveness assessment.","evidenceIds":["e19","e20","e21","e22","e23"]}]}],"financialAssessments":[],"qualityPolicy":"quality-scores-2","sourcePolicy":"issuer-evidence-4","basisHash":"72c0f5692fa885fb9bfd3fc6cde8dd2ef59290250ef8f9543ea0314fa2beb617","updatedAt":"2026-10-18T12:28:28.989Z","sources":[{"id":"filing-1","url":"https://www.sec.gov/Archives/edgar/data/707549/000070754926000037/lrcx-20260628.htm","publishedAt":"2026-08-07","sha256":"6f2017fad4c34a99b73a6b6ba3694f194ceafe72b0d74dd66cc916244a6ae66d","dateKind":"filed"},{"id":"filing-2","url":"https://www.sec.gov/Archives/edgar/data/707549/000070754926000022/lrcx-20260329.htm","publishedAt":"2026-04-23","sha256":"b00401f241c990c099a38f9de91e00ce63f2e3708a1c3ae68e32c3bfe77993b3","dateKind":"filed"},{"id":"filing-3","url":"https://www.sec.gov/Archives/edgar/data/707549/000070754926000047/lrcx-20260924.htm","publishedAt":"2026-09-24","sha256":"b282b267a9ed043389513c4b070091c23782e1460fc5497ccd07b95faca699cc","dateKind":"filed"},{"id":"filing-4","url":"https://www.sec.gov/Archives/edgar/data/707549/000070754925000075/lrcx-20250629.htm","publishedAt":"2025-08-11","sha256":"6e60b11cb3e894d5c1f822026354a404b2863b416dce9d926ae0d4d6fb71c7ef","dateKind":"filed"},{"id":"filing-5","url":"https://www.sec.gov/Archives/edgar/data/707549/000070754924000106/lrcx-20240630.htm","publishedAt":"2024-08-29","sha256":"a405467ee260f109b7ad0a3a7612002e50ef3b0fa930ea9adfb0606b3506da64","dateKind":"filed"},{"id":"filing-6","url":"https://www.sec.gov/Archives/edgar/data/707549/000070754926000009/lrcx-20251228.htm","publishedAt":"2026-01-29","sha256":"196ba579000d04ad1c95f7056f4c9dfb559614dd88bd9f21fe414fed1959b822","dateKind":"filed"}],"model":"gpt-6.1-sol","providerId":"codex:7ffa577df3b9c5887606a83975b3ebd6f86f623f30806085dfdcb4d66fcd8c2f","usage":{"input_tokens":81736,"cached_input_tokens":0,"cache_write_input_tokens":0,"output_tokens":3114,"reasoning_output_tokens":123}},"signals":[{"period":"2022","end":"2022-06-26","values":{"gross_margin":45.694486440763264,"operating_margin":31.24055155386831,"roic":66.4120111800514,"fcf_margin":14.823441219352901,"sbc_revenue":1.503821985890901},"issues":{"pfcf_growth":"TTM FCF per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roic_wacc":"Enter a WACC assumption from 0 to 100%."}},{"period":"2023","end":"2023-06-25","values":{"gross_margin":44.621842731762136,"operating_margin":29.691914102153046,"roic":58.40016262636253,"fcf_margin":26.837454204362555,"sbc_revenue":1.6444314593393954},"issues":{"software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roic_wacc":"Enter a WACC assumption from 0 to 100%."}},{"period":"2024","end":"2024-06-30","values":{"gross_margin":47.31706377815375,"operating_margin":28.606525184923083,"roic":48.114687431096584,"fcf_margin":28.55074668982071,"sbc_revenue":1.9661215080240122},"issues":{"peg":"TTM earnings per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","pfcf_growth":"TTM FCF per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roiic":"Invested capital did not increase versus the prior year. ROIIC requires a positive increase.","roic_wacc":"Enter a WACC assumption from 0 to 100%."}},{"period":"2025","end":"2025-06-29","values":{"gross_margin":48.70502388559173,"operating_margin":32.008564303688445,"roic":67.90373175906097,"fcf_margin":29.367531531807145,"sbc_revenue":1.8625440323556754},"issues":{"software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roic_wacc":"Enter a WACC assumption from 0 to 100%."}},{"period":"2026","end":"2026-06-28","values":{"gross_margin":50.46900724797688,"operating_margin":35.294212594409004,"roic":77.60593944179189,"fcf_margin":21.053317545234755,"sbc_revenue":1.663091962230805},"issues":{"pfcf_growth":"TTM FCF per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roic_wacc":"Enter a WACC assumption from 0 to 100%."}}],"sources":[{"id":"filing-1","url":"https://www.sec.gov/Archives/edgar/data/707549/000070754926000037/lrcx-20260628.htm","publishedAt":"2026-08-07","sha256":"6f2017fad4c34a99b73a6b6ba3694f194ceafe72b0d74dd66cc916244a6ae66d","dateKind":"filed"},{"id":"filing-2","url":"https://www.sec.gov/Archives/edgar/data/707549/000070754926000022/lrcx-20260329.htm","publishedAt":"2026-04-23","sha256":"b00401f241c990c099a38f9de91e00ce63f2e3708a1c3ae68e32c3bfe77993b3","dateKind":"filed"},{"id":"filing-3","url":"https://www.sec.gov/Archives/edgar/data/707549/000070754926000047/lrcx-20260924.htm","publishedAt":"2026-09-24","sha256":"b282b267a9ed043389513c4b070091c23782e1460fc5497ccd07b95faca699cc","dateKind":"filed"},{"id":"filing-4","url":"https://www.sec.gov/Archives/edgar/data/707549/000070754925000075/lrcx-20250629.htm","publishedAt":"2025-08-11","sha256":"6e60b11cb3e894d5c1f822026354a404b2863b416dce9d926ae0d4d6fb71c7ef","dateKind":"filed"},{"id":"filing-5","url":"https://www.sec.gov/Archives/edgar/data/707549/000070754924000106/lrcx-20240630.htm","publishedAt":"2024-08-29","sha256":"a405467ee260f109b7ad0a3a7612002e50ef3b0fa930ea9adfb0606b3506da64","dateKind":"filed"},{"id":"filing-6","url":"https://www.sec.gov/Archives/edgar/data/707549/000070754926000009/lrcx-20251228.htm","publishedAt":"2026-01-29","sha256":"196ba579000d04ad1c95f7056f4c9dfb559614dd88bd9f21fe414fed1959b822","dateKind":"filed"}],"history":[{"version":3,"updatedAt":"2026-10-18T16:35:43.872Z","verdict":"narrow","value":null},{"version":2,"updatedAt":"2026-10-18T02:27:49.793Z","verdict":"narrow","value":null},{"version":1,"updatedAt":"2026-10-18T02:18:02.026Z","verdict":null,"value":null}],"hasRequested":false,"requestStatus":"completed","researchIssue":null,"archivedMoat":null,"scope":"supported_catalog"}