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Lam Research LRCX Debt-to-equity

Debt-to-equity at other companies

Applied Materials logo
Applied MaterialsAMAT
0.3×0.0×
KLA Corporation logo
KLA CorporationKLAC
1.1×-0.5×
Entegris logo
EntegrisENTG
0.9×-0.2×
Amkor Technology logo
Amkor TechnologyAMKR
0.4×0.0×
Credo Technology Group Holding Ltd logo
Credo Technology Group Holding LtdCRDO
0.0×
Keysight Technologies logo
Keysight TechnologiesKEYS
0.4×-0.1×

Other financials

Income statement

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Revenue$5.8B+23.8%
Gross profit$2.9B+25.8%
Operating income$2.0B+31.1%
Net income$1.8B+37.2%
EPS (diluted)$1.45+40.8%

Balance sheet

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Cash & equivalents$4.8B-12.7%
Total debt$3.7B-16.7%
Total equity$10.6B+11.3%
Total assets$20.8B+4.1%

Cash flow

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Operating cash flow$1.1B-12.8%
CapEx$331.6M+15.1%
Free cash flow$809.8M-20.7%

Valuation

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Market cap$467.94B+186%
Enterprise value$466.91B+188%
P/E69.8×+34.6×
P/S21.6×+12.0×

Profitability

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Gross margin50%+2.0pp
Operating margin34.3%+3.4pp
Net margin30.9%+3.8pp

Returns & leverage

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Return on equity66.8%+13.6pp
Current ratio2.5×+0.1×

Where this comes from

Calculated from Lam Research’s reported figures.

Based on the most recent quarter.

The official record: Lam Research’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lam Research's debt-to-equity?
Lam Research (LRCX) reported debt-to-equity of 0.4× in Q1 2026.
How has Lam Research's debt-to-equity changed year-over-year?
Lam Research's debt-to-equity decreased by 25.2% year-over-year, from 0.5× to 0.4×.
What is the long-term trend for Lam Research's debt-to-equity?
Over 4 years (2021 to 2025), Lam Research's debt-to-equity has grown at a -15.1% compound annual growth rate (CAGR), from 4.1× to 2.1×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.