Stock Analysis on Net
Stock Analysis on Net

Lam Research Corp. (NASDAQ:LRCX)

Common-Size Income Statement 
Quarterly Data

Lam Research Corp., common-size consolidated income statement (quarterly data)

Microsoft Excel
3 months ended: Sep 29, 2024 Jun 30, 2024 Mar 31, 2024 Dec 24, 2023 Sep 24, 2023 Jun 25, 2023 Mar 26, 2023 Dec 25, 2022 Sep 25, 2022 Jun 26, 2022 Mar 27, 2022 Dec 26, 2021 Sep 26, 2021 Jun 27, 2021 Mar 28, 2021 Dec 27, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 29, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 23, 2018 Sep 23, 2018
Revenue 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Cost of goods sold -51.95 -52.33 -52.14 -52.84 -52.25 -54.18 -56.78 -54.97 -53.95 -54.69 -55.26 -53.20 -54.08 -53.80 -53.73 -53.60 -52.59 -54.14 -53.39 -54.34 -54.67 -54.22 -55.95 -54.61 -54.60
Restructuring charges, net, cost of goods sold 0.00 -0.14 -0.40 -0.40 -0.23 -0.36 -1.72 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cost of goods sold -51.95% -52.47% -52.54% -53.24% -52.48% -54.54% -58.51% -54.97% -53.95% -54.69% -55.26% -53.20% -54.08% -53.80% -53.73% -53.60% -52.59% -54.14% -53.39% -54.34% -54.67% -54.22% -55.95% -54.61% -54.60%
Gross margin 48.05% 47.53% 47.46% 46.76% 47.52% 45.46% 41.49% 45.03% 46.05% 45.31% 44.74% 46.80% 45.92% 46.20% 46.27% 46.40% 47.41% 45.86% 46.61% 45.66% 45.33% 45.78% 44.05% 45.39% 45.40%
Research and development -11.88 -12.86 -13.50 -12.50 -12.14 -12.53 -11.10 -8.76 -8.54 -8.87 -10.03 -9.55 -8.88 -9.21 -9.91 -10.85 -11.19 -12.14 -12.30 -12.34 -13.24 -12.52 -13.06 -11.32 -12.51
Selling, general, and administrative -5.83 -5.59 -5.69 -6.09 -5.95 -6.23 -5.00 -4.43 -4.05 -4.53 -5.35 -5.59 -5.16 -5.25 -5.29 -6.33 -5.97 -6.66 -6.59 -6.75 -7.27 -7.12 -7.80 -6.70 -7.50
Restructuring charges, net, operating expenses 0.00 0.02 -0.40 -0.04 -0.06 -0.05 -1.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating expenses -17.72% -18.43% -19.60% -18.63% -18.14% -18.82% -17.14% -13.19% -12.59% -13.40% -15.38% -15.14% -14.04% -14.46% -15.20% -17.19% -17.16% -18.79% -18.89% -19.09% -20.51% -19.64% -20.86% -18.02% -20.01%
Operating income 30.33% 29.10% 27.87% 28.13% 29.38% 26.65% 24.35% 31.84% 33.46% 31.91% 29.36% 31.66% 31.88% 31.75% 31.07% 29.21% 30.25% 27.07% 27.72% 26.57% 24.82% 26.13% 23.19% 27.37% 25.39%
Other income (expense), net 0.72 0.72 0.95 0.79 0.07 0.28 -0.09 -0.53 -0.85 -2.60 -1.41 0.43 -0.67 -0.17 -0.92 -0.87 -1.22 -0.27 -2.58 -0.54 -0.59 -0.32 0.84 -1.21 -0.02
Income before income taxes 31.05% 29.82% 28.82% 28.92% 29.45% 26.93% 24.26% 31.30% 32.61% 29.31% 27.95% 32.09% 31.21% 31.57% 30.15% 28.35% 29.03% 26.80% 25.14% 26.03% 24.23% 25.81% 24.03% 26.15% 25.37%
Income tax expense -4.27 -3.46 -3.36 -3.53 -3.97 -1.90 -3.23 -3.48 -4.51 -3.24 -2.78 -3.82 -3.80 -3.96 -2.31 -3.20 -3.11 -1.84 -2.19 -6.12 -2.72 -2.86 -1.59 -3.60 -2.49
Net income 26.79% 26.35% 25.46% 25.39% 25.48% 25.02% 21.04% 27.83% 28.10% 26.08% 25.16% 28.27% 27.41% 27.61% 27.84% 25.15% 25.92% 24.95% 22.96% 19.92% 21.51% 22.95% 22.44% 22.55% 22.88%

Based on: 10-Q (reporting date: 2024-09-29), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-24), 10-Q (reporting date: 2023-09-24), 10-K (reporting date: 2023-06-25), 10-Q (reporting date: 2023-03-26), 10-Q (reporting date: 2022-12-25), 10-Q (reporting date: 2022-09-25), 10-K (reporting date: 2022-06-26), 10-Q (reporting date: 2022-03-27), 10-Q (reporting date: 2021-12-26), 10-Q (reporting date: 2021-09-26), 10-K (reporting date: 2021-06-27), 10-Q (reporting date: 2021-03-28), 10-Q (reporting date: 2020-12-27), 10-Q (reporting date: 2020-09-27), 10-K (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-Q (reporting date: 2019-12-29), 10-Q (reporting date: 2019-09-29), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-23), 10-Q (reporting date: 2018-09-23).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Lam Research Corp. operating income as a percentage of revenue increased from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Lam Research Corp. income before income taxes as a percentage of revenue increased from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Lam Research Corp. net income as a percentage of revenue increased from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.