Lam Research (LRCX) Q4 2025 10-Q Quarterly Report
Lam Research (LRCX) 10-Q quarterly report for Q4 2025, filed with SEC EDGAR on Jan 29, 2026 for the fiscal period ending Dec 28, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
Lam Research Q4 2025 10-Q Analysis
Management Discussion & Analysis
- • Revenue not explicitly stated in provided text; no YoY comparison available
- • Net income $3.16B over six months ended Dec 28, 2025; no margin % figures disclosed
- • Cash flows from operating activities $3.26B; increase supported by $211.8M inventory reduction
- • Cash and equivalents $6.2B vs $6.4B in prior period; $2.44B spent on share repurchases, $619.5M dividends paid
- • Management cautious on demand due to semiconductor industry volatility, global economic uncertainty, but expects sufficient liquidity for next 12 months
Risk Factors
- • No new risk factors explicitly added this quarter, no material changes from FY25 10-K identified
- • Most materially updated risk: geopolitical tensions and export controls impacting supply chain and sales to China, due to evolving U.S. gov export restrictions
- • Regulatory risk: U.S. export controls and tariffs including restrictions on sales to China increase compliance complexity and could limit market access
- • Operational risk: supply chain disruptions from geopolitical conflicts, natural disasters, and supplier failures remain critical to near-term production continuity
- • Financial risk: revenue concentration among limited large customers exposes company to variability in cash flows and credit risk from any single customer's payment failure
Lam Research Q4 2025 Quarterly FinancialsXBRL
Revenue
$5.3B
▲ +22.1% YoY▲ +0.4% QoQ
Net Income
$1.6B
▲ +33.8% YoY▲ +1.6% QoQ
Gross Margin
49.6%
▲ +223bp YoY▼ -83bp QoQ
Operating Margin
33.9%
▲ +339bp YoY▼ -49bp QoQ
Net Margin
29.8%
▲ +261bp YoY▲ +36bp QoQ
ROE
15.7%
▲ +219bp YoY
Total Assets
$21.4B
▲ +7.8% YoY
EPS (Diluted)
$1.26
▲ +37.0% YoY▲ +1.6% QoQ
Operating Cash Flow
$1.5B
▲ +99.5% YoY▼ -16.8% QoQ
Source: XBRL data from Lam Research Q4 2025 10-Q filing on SEC EDGAR. All figures in USD.
Other Lam Research Quarterly Reports
Get deeper insights on Lam Research
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.