10-K 2026-08-07 ↗ compared with the previous 10-K 10-K 2025-08-11 ↗
Technical events and factor profile →
Lam Research adds risks from AI adoption and export controls, and warns of reputational harm and loss of business due to non-compliance or breaches of customer trust.
| After the 10-K | 1 session | 5 sessions | 20 sessions |
|---|---|---|---|
| LRCX | +1.8% | +10.2% | -4.3% |
| Nasdaq-100 (QQQ) | +1.2% | +2.4% | +0.4% |
| Difference | +0.7% | +7.8% | -4.7% |
From the close before the filing. Historical data, not a prediction.
For example, the growth of AI technologies and related infrastructure has been and is expected to continue to be a significant driver of capital equipment expenditures of semiconductor manufacturers across both the memory and non-memory market segments we serve. However, customer decisions regarding the amount and timing of capital expenditures and the demand for our products and services could change rapidly and be impacted by factors outside of our control. These factors may include, without limitation: changes in actual or anticipated AI-driven demand for AI-related infrastructure or compute power to support AI models, tools, and other applications, including due to slower-than-anticipated adoption of AI technologies, increases in compute efficiency, or oversupply of AI-related infrastructure compute power; advances in fabrication processes, technology inflections or changes in technology architectures; new and emerging technologies or market drivers; actual or anticipated production capacity, utilization, and volumes of semiconductor manufacturers relative to demand for semiconductor devices; changes in end-user demand or behavior; the timing of or constraints on increases to AI-related infrastructure or semiconductor manufacturing capacity; the availability and cost of capital, including increases in interest rates or tightening in global capital markets; the availability and amount of government subsidies and incentives; the regulation of AI or related infrastructure technologies by government or other regulatory agencies; and geopolitical or macroeconomic instability, including wars, terrorism, political unrest, public health emergencies, inflation, recessionary conditions, trade restrictions, export controls, boycotts, and other business disruptions.
| Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | |
|---|---|---|---|---|---|
| Revenue | $6.7B | $5.8B | $5.3B | $5.3B | $5.2B |
| YoY growth | +30.0% | +23.8% | +22.1% | +27.7% | +33.6% |
| Gross margin | 51.7% | 49.8% | 49.6% | 50.4% | 50.1% |
| Operating margin | 37.4% | 35.0% | 33.9% | 34.4% | 33.7% |
| Net income | $2.3B | $1.8B | $1.6B | $1.6B | $1.7B |
| Diluted EPS | 1.81 | 1.45 | 1.26 | 1.24 | 1.34 |
XBRL data filed with the SEC. The fourth fiscal quarter is calculated as the full year minus the previous three quarters.
0 = the lowest in the universe, 100 = the highest. It describes how the stock has behaved, not whether to buy or sell it. Screen stocks by factors
Similar than in the previous 10-K (2025-08-11: +10, -1 points)
10-K of 2026-08-07 · 24.3% positive sentences, 14.2% negative · 148 sentences analysed
Index from −100 to +100 calculated with FinBERT on the results discussion (MD&A). The change matters more than the level: some sectors always sound more cautious.
| Coatue Management · Philippe Laffont
held since Q3 2023 or earlier |
8.4% | $4.1B | -6% |
| Tiger Global · Chase Coleman
held since Q3 2023 or earlier |
5.7% | $1.4B | -19% |
| Appaloosa · David Tepper
held since Q3 2023 or earlier |
2.2% | $165.7M | = |
| Bridgewater Associates · Ray Dalio
held since Q3 2023 or earlier |
1.7% | $406.6M | -40% |
| Duquesne Family Office · Stanley Druckenmiller
held since Q2 2026 |
0.4% | $18.9M | new |
| Third Point · Dan Loeb | — | sold |
Weight in each fund's portfolio and change vs. the previous quarter, from its latest 13F.
All material events for LRCX →
Source: SEC EDGAR. Automatic comparison of the risk factors section; it may contain extraction errors. Always check the original document. For information purposes only; not investment advice.