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Lam Research Corp. LRCX Standard Product Warranty Accrual

Standard Product Warranty Accrual at other companies

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Other financials

Income statement

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Revenue$6.7B+30.0%
Gross profit$3.5B+34.3%
Operating income$2.5B+44.4%
Net income$2.3B+32.4%
EPS (diluted)$1.81+35.1%

Balance sheet

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Cash & equivalents$5.6B-12.9%
Total debt$4.1B-13.3%
Total equity$12.5B+26.5%
Total assets$23.5B+10.2%

Cash flow

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Operating cash flow$1.5B-42.9%
CapEx$188.8M+9.6%
Free cash flow$1.3B-46.7%

Valuation

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Market cap$382.6B+214%
Enterprise value$381.15B+217%
P/E52.7×+29.9×
P/S16.5×+9.9×

Profitability

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Gross margin50.5%+1.8pp
Operating margin35.3%+3.3pp
Net margin31.3%+2.2pp
FCF margin21.1%-8.3pp

Returns & leverage

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Return on equity65.1%+6.8pp
Debt / equity0.3×-0.2×
Current ratio2.6×+0.4×

Where this comes from

Reported directly by Lam Research Corp. in its filing.

Tagged under the XBRL concept us-gaap:StandardProductWarrantyAccrual.

The source filing: Lam Research Corp.’s 10-Q, filed April 23, 2026.

Filed
Apr 23, 2026, 4:05 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0000707549-26-000022
Line itemThree Months Ended / March 29,2026Three Months Ended / March 30,2025Nine Months Ended / March 29,2026Nine Months Ended / March 30,2025
Balance at beginning of period$247,804$254,812$265,466$250,404
Warranties issued during the period77,31770,023210,603201,903
Settlements made during the period(64,001)(50,908)(192,037)(142,164)
Changes in liability for pre-existing warranties(6,147)(8,108)(29,059)(44,324)
Balance at end of period$254,973$265,819$254,973$265,819

Item 1. Financial Statements (Unaudited):

FAQ

What is Lam Research Corp.'s standard product warranty accrual?
Lam Research Corp. (LRCX) reported standard product warranty accrual of $254.97M in Q1 2026.
How has Lam Research Corp.'s standard product warranty accrual changed year-over-year?
Lam Research Corp.'s standard product warranty accrual decreased by 4.1% year-over-year, from $265.82M to $254.97M.
What is the long-term trend for Lam Research Corp.'s standard product warranty accrual?
Over 4 years (2021 to 2025), Lam Research Corp.'s standard product warranty accrual has grown at a 8.5% compound annual growth rate (CAGR), from $191.76M to $265.47M.
What does standard product warranty accrual mean?
Accrued expenses related to standard product warranties offered to customers.

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