What is Lam Research's PP&E (net)?

Lam Research (LRCX) reported PP&E (net) of $2.83B in Q1 2026.

How has Lam Research's PP&E (net) changed year-over-year?

Lam Research's PP&E (net) increased by 19.4% year-over-year, from $2.37B to $2.83B.

What is the long-term trend for Lam Research's PP&E (net)?

Over 4 years (2021 to 2025), Lam Research's PP&E (net) has grown at a 16.6% compound annual growth rate (CAGR), from $1.3B to $2.41B.

What does PP&E (net) mean?

Total property, plant, and equipment minus accumulated depreciation — the net book value of all tangible long-lived assets.

Lam Research LRCX PP&E (Net)

PP&E (Net) at other companies

Applied MaterialsAMAT

$5.26B+37.1%

Veeco InstrumentsVECO

$107.82M-5.2%

KLA CorporationKLAC

$1.36B+13.8%

Axcelis TechnologiesACLS

$57.73M+1.2%

EnproNPO

$221.3M+15.2%

Ichor HoldingsICHR

$103.55M+0.2%

Segments

By geography

See full

United States$1.58B+15.7%

Korea$262.41M+21.5%

Taiwan$98.27M+50.2%

Japan$7.86M-7.0%

China$6.39M-27.9%

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

See full

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

See full

Operating cash flow$1.1B-12.8%

CapEx$331.6M+15.1%

Free cash flow$809.8M-20.7%

Valuation

See full

Market cap$432.82B+239%

Enterprise value$431.79B+243%

P/E64.5×+40.7×

P/S20×+13.0×

Profitability

See full

Gross margin50%+2.0pp

Operating margin34.3%+3.4pp

Net margin30.9%+3.8pp

FCF margin27.7%+5.6pp

Returns & leverage

See full

Return on equity66.8%+13.6pp

Debt / equity0.4×-0.1×

Current ratio2.5×+0.1×

Where this comes from

Reported directly by Lam Research in its filing.

Tagged under the XBRL concept us-gaap:PropertyPlantAndEquipmentNet.

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 PP&E (net)?: Lam Research (LRCX) reported PP&E (net) of $2.83B in Q1 2026.
How has Lam Research's PP&E (net) changed year-over-year?: Lam Research's PP&E (net) increased by 19.4% year-over-year, from $2.37B to $2.83B.
What is the long-term trend for Lam Research's PP&E (net)?: Over 4 years (2021 to 2025), Lam Research's PP&E (net) has grown at a 16.6% compound annual growth rate (CAGR), from $1.3B to $2.41B.
What does PP&E (net) mean?: Total property, plant, and equipment minus accumulated depreciation — the net book value of all tangible long-lived assets.