Stock Analysis on Net
Stock Analysis on Net

Lam Research Corp. (NASDAQ:LRCX)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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Lam Research Corp., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in thousands

Microsoft Excel
Dec 28, 2025 Sep 28, 2025 Jun 29, 2025 Mar 30, 2025 Dec 29, 2024 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
Trade accounts payable
Accrued expenses and other current liabilities
Deferred profit
Current portion of long-term debt and finance lease obligations
Current liabilities
Long-term debt and finance lease obligations, less current portion
Income taxes payable
Other long-term liabilities
Long-term liabilities
Total liabilities
Temporary equity, convertible notes
Preferred stock, at par value of $0.001 per share; none outstanding
Common stock, at par value of $0.001 per share
Additional paid-in capital
Treasury stock, at cost
Accumulated other comprehensive loss
Retained earnings
Stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-Q (reporting date: 2025-12-28), 10-Q (reporting date: 2025-09-28), 10-K (reporting date: 2025-06-29), 10-Q (reporting date: 2025-03-30), 10-Q (reporting date: 2024-12-29), 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).

The liabilities and stockholders’ equity of the company demonstrate notable fluctuations over the analyzed period, spanning from September 2019 to June 2025. Total liabilities generally increased throughout the period, with significant growth observed between March 2020 and June 2022, followed by a period of relative stabilization and then another increase towards June 2025. Stockholders’ equity experienced more volatility, with a decline in the earlier period, followed by substantial growth, and then a period of fluctuation before a final increase.

Trade Accounts Payable
Trade accounts payable exhibited a consistent upward trend from September 2019 to December 2021, increasing from $415.808 million to $952.666 million. A decrease was then observed in March 2023, falling to $601.930 million, before fluctuating and increasing again to $822.278 million by March 2024. The most recent periods show a slight decrease to $613.966 million in June 2024 and an increase to $704.247 million in September 2024, and $822.278 million in March 2025.
Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities showed a general increasing trend, with significant peaks in June 2021 ($1,719.483 million) and June 2022 ($1,974.272 million). These values decreased to $2,120.055 million in September 2023, and then to $1,791,642 million in December 2023. The most recent periods show a fluctuation, increasing to $2,196.424 million in March 2024, decreasing to $1,999,892 million in December 2024, and increasing to $2,394,366 million in June 2025.
Deferred Profit
Deferred profit demonstrated considerable volatility. It increased from $406.681 million in September 2019 to $539.601 million in March 2020, then decreased to $457.523 million in June 2020. A subsequent increase to $1,133.878 million was observed in December 2021, followed by a peak of $1,951.210 million in September 2022. The most recent periods show a decrease to $1,601,733 million in December 2023, and an increase to $2,565,540 million in June 2025.
Current Portion of Long-Term Debt and Finance Lease Obligations
This item generally remained relatively stable, with values fluctuating around $800 million for much of the period. A significant decrease occurred in March 2021 ($11.349 million) and continued through September 2023 ($3,861 million). A substantial increase was observed in March 2024 ($505.066 million) and continued through June 2025 ($754.311 million).
Long-Term Debt and Finance Lease Obligations (less current portion)
Long-term debt remained relatively stable between September 2019 and December 2020, fluctuating around $4.9 billion. A decrease was observed in the period ending March 2025, falling to $3.729.742 million. This represents a significant shift in the company’s long-term debt structure.
Income Taxes Payable
Income taxes payable generally increased from $856.895 million in September 2019 to $948.037 million in March 2021. A decrease was observed from September 2023 to March 2024, falling to $664.717 million. The most recent period shows an increase to $667.639 million in September 2025.
Other Long-Term Liabilities
Other long-term liabilities showed a general increasing trend, with fluctuations throughout the period. The values increased from $261.890 million in September 2019 to $623.925 million in September 2025.
Total Liabilities
Total liabilities increased significantly from $7.364.556 million in September 2019 to $11.707.459 million in September 2025. The most substantial increase occurred between September 2020 and June 2022. A period of relative stabilization followed, with a renewed increase towards June 2025.
Stockholders’ Equity
Stockholders’ equity experienced a decline from $4.936.393 million in September 2019 to $4.379.429 million in December 2019. It then increased substantially to $9.861.619 million in June 2025, with fluctuations throughout the period. The most significant driver of this change appears to be the movement in retained earnings and additional paid-in capital.
Treasury Stock
Treasury stock consistently decreased throughout the period, indicating a reduction in repurchased shares. The value moved from -$11,680,689 million in September 2019 to -$30,203,796 million in September 2025.
Retained Earnings
Retained earnings demonstrated a consistent upward trend, increasing from $10.233.005 million in September 2019 to $31.498.233 million in September 2025. This growth is a primary contributor to the overall increase in stockholders’ equity.

In summary, the company’s financial position reflects increasing liabilities, driven primarily by trade accounts payable, accrued expenses, and deferred profit. Stockholders’ equity has also increased, largely due to growth in retained earnings, but has experienced more volatility than total liabilities. The changes in long-term debt suggest a potential shift in the company’s capital structure.