LAM RESEARCH CORP
For the period ended Oct 21, 2026. Filed Oct 21, 2026.
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Oct 21, 2026 · Filed Oct 21, 2026
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LRCX$200.44+8.2%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (in thousands, except per share data)
(in thousands, except per share data)
| Three Months Ended | ||
|---|---|---|
| September 27,2026 | June 28,2026 | |
| U.S. GAAP net income | $2,753,138 | $2,277,282 |
| Pre-tax non-GAAP items: | ||
| Amortization related to intangible assets acquired through certain business combinations - cost of goods sold | 2,668 | 2,668 |
| Elective deferred compensation ("EDC") related liability valuation increase - cost of goods sold | 3,498 | 15,379 |
| Workforce optimization charges - cost of goods sold | — | 549 |
| EDC related liability valuation increase - research and development | 6,299 | 27,682 |
| Workforce optimization charges - research and development | — | 960 |
| Amortization related to intangible assets acquired through certain business combinations - selling, general and administrative | 348 | 348 |
| EDC related liability valuation increase - selling, general and administrative | 4,199 | 18,454 |
| Workforce optimization charges - selling, general and administrative | — | 1,388 |
| Amortization of note discounts - other income (expense), net | 508 | 504 |
| Gain on EDC related asset - other income (expense), net | (12,870) | (61,325) |
| Net income tax benefit on non-GAAP items | (825) | (3,921) |
| Income tax expense from a change in tax law | 11,454 | — |
| Non-GAAP net income | $2,768,417 | $2,279,968 |
| Non-GAAP net income per diluted share | $2.20 | $1.82 |
| U.S. GAAP net income per diluted share | $2.19 | $1.81 |
| U.S. GAAP and non-GAAP number of shares used for per diluted share calculation | 1,255,768 | 1,256,032 |
Reconciliation of U.S. GAAP Gross Margin, Operating Expenses and Operating Income to Non-GAAP Gross Margin, Operating Expenses and Operating Income
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