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LRCX · LAM RESEARCH CORP

No alerts · No concrete new risks or important recent events

10-K 2026-08-07 ↗ compared with the previous 10-K 10-K 2025-08-11 ↗

Closing price50-day average200-day average

Technical events and factor profile →

Summary

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.

Automatic summary generated from the filing; it may contain inaccuracies.
Concrete new risks
0
Generic new risks
8
Filing
10-K · 2026-08-07

How the stock reacted

After the 10-K1 session5 sessions20 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.

New risks 8

Generic Customers and competition
AI-driven demand changes impact capital equipment expenditures rapidly

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.

7 more new risks

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Key figures quarterly · USD

Revenue (TTM)
$23.2B
YoY growth
+30.0%
Operating margin
37.4%
Cash / debt
$5.6B / $3.7B
Jun 26Mar 26Dec 25Sep 25Jun 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 margin51.7%49.8%49.6%50.4%50.1%
Operating margin37.4%35.0%33.9%34.4%33.7%
Net income$2.3B$1.8B$1.6B$1.6B$1.7B
Diluted EPS1.811.451.261.241.34

XBRL data filed with the SEC. The fourth fiscal quarter is calculated as the full year minus the previous three quarters.

Factor profile percentile vs. the S&P 500 and the Nasdaq-100

Momentum
12 months excl. last: +86.7% · 6 months -1.2%
94
Trend quality
R² 0.01 · rising
47
Relative strength
-11.3% vs. the S&P 500 over 6 months
43
Volatility
65% annualised
92
Beta
beta 3.17
98
Distance from high
-39.0% from the 52-week high
11
Extension
-2.3 standard deviations from its 20-day average
5

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

Management tone MD&A

+9

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.

Top funds 13F

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.

Recent material events (8-K)

2026-08-27 Executive or board changes 5 sessions: -7.7% vs Nasdaq-100 SEC ↗
2026-07-29 Results released 5 sessions: +13.4% vs Nasdaq-100 SEC ↗

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.