Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.89B | $8.01B | $11.1B | $9.65B | $10.0B | $14.6B | $17.2B | $17.4B | $14.9B | $18.4B |
| Revenue growth | — | 36.1% | 38.2% | -12.9% | 4.1% | 45.6% | 17.8% | 1.2% | -14.5% | 23.7% |
| Gross profit | $2.62B | $3.60B | $5.17B | $4.36B | $4.61B | $6.81B | $7.87B | $7.78B | $7.05B | $8.98B |
| Gross margin | 44.5% | 45.0% | 46.6% | 45.1% | 45.9% | 46.5% | 45.7% | 44.6% | 47.3% | 48.7% |
| Operating income | $1.07B | $1.90B | $3.21B | $2.46B | $2.67B | $4.48B | $5.38B | $5.17B | $4.26B | $5.90B |
| Operating margin | 18.3% | 23.7% | 29.0% | 25.5% | 26.6% | 30.6% | 31.2% | 29.7% | 28.6% | 32.0% |
| Net income | $914M | $1.70B | $2.38B | $2.19B | $2.25B | $3.91B | $4.61B | $4.51B | $3.83B | $5.36B |
| Net margin | 15.5% | 21.2% | 21.5% | 22.7% | 22.4% | 26.7% | 26.7% | 25.9% | 25.7% | 29.1% |
| EPS (diluted) | $5.22 | $9.24 | $13.17 | $13.70 | $15.10 | $26.90 | $32.75 | $3.32 | $2.90 | $4.15 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.35B | $2.03B | $2.66B | $3.18B | $2.13B | $3.59B | $3.10B | $5.18B | $4.65B | $6.17B |
| Capital expenditures | $175M | $157M | $273M | $303M | $203M | $349M | $546M | $502M | $397M | $759M |
| Free cash flow | $1.17B | $1.87B | $2.38B | $2.87B | $1.92B | $3.24B | $2.55B | $4.68B | $4.26B | $5.41B |
| Share buybacks | $158M | $812M | $2.65B | $3.78B | $1.37B | $2.70B | $3.87B | $2.02B | $2.84B | $3.42B |
| Dividends paid | $190M | $243M | $308M | $678M | $657M | $727M | $815M | $908M | $1.02B | $1.15B |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $5.04B | $2.38B | $4.51B | $3.66B | $4.92B | $4.42B | $3.52B | $5.34B | $5.85B | $6.39B |
| Total assets | $12.3B | $12.1B | $12.5B | $12.0B | $14.6B | $15.9B | $17.2B | $18.8B | $18.7B | $21.3B |
| Total liabilities | $6.16B | $5.14B | $5.90B | $7.28B | $9.38B | $9.86B | $10.9B | $10.6B | $10.2B | $11.5B |
| Long-term debt | $3.38B | $1.78B | $1.76B | $3.77B | $4.96B | $4.96B | $4.96B | $4.96B | $4.47B | $3.72B |
| Shareholders' equity | $5.89B | $6.82B | $6.50B | $4.67B | $5.17B | $6.03B | $6.28B | $8.21B | $8.54B | $9.86B |
| Retained earnings | $4.82B | $6.25B | $8.26B | $9.93B | $11.5B | $14.7B | $18.5B | $22.0B | $24.8B | $29.0B |
| Shares (wtd avg diluted) | 175M | 184M | 181M | 160M | 149M | 145M | 141M | 1.36B | 1.32B | 1.29B |
Every figure is extracted from LAM RESEARCH CORP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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