Lam Research Corporation

LRCXNASDAQTechnology● Active

$303.28

$-33.13(-9.85%)

Market Cap$379.3B

P/E Ratio—

52W High$346.19

52W Low$84.34

Avg Volume9.7M

Open$318.74

Beta1.87

Overview

Lam Research Corporation (LRCX) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

LRCX · free cash flow · updated Jun 8, 2026

Core FCF metrics

LRCX · FCF · TTM · margin & CAGR

Free cash flow was $5.41B for FY2025 (fiscal year ending 2025-06-29), up 27.2% year-over-year The FCF margin was 29.4%. Five-year CAGR stands at +23.0%.

FY2025 Free Cash Flow$5.41B▲ +27.2% YoY

Trailing 12M (TTM)$6.45Btrailing 4 quarters sum

FCF Margin29.4%$5.41B ÷ revenue

3-Year CAGR+28.5%FY2022 → FY2025

5-Year CAGR+23.0%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

LRCX · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$6.17B(759M)$5.41B▲ +27.2%29.4%

FY2024$4.65B(397M)$4.26B▼ 9.0%28.6%

FY2023$5.18B(502M)$4.68B▲ +83.2%26.8%

FY2022$3.10B(546M)$2.55B▼ 21.2%14.8%

FY2021$3.59B(349M)$3.24B▲ +68.4%22.1%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

LRCX · P/FCF · FCF yield · FCF per share

Lam Research Corporation (LRCX) trades at a FCF yield of 1.70% and a price-to-free-cash-flow ratio of 60.4x. FCF per share stands at $5.02, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

1.70%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$5.02

TTM FCF ÷ Shares Outstanding

Price / FCF

x60.4

Share Price ÷ FCF per Share

EV / FCF (TTM)

x58.6

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-06-29

Cash flow statement summary

LRCX · cash flow statement · operating / investing / financing

For FY2025, Lam Research Corporation generated $6.17B in operating cash flow and spent 759M in capital expenditures, yielding $5.41B in free cash flow.

Operating Activities

+$6.17B

Cash from core business operations

2025-06-29

Investing Activities

−$708.1M

CapEx, acquisitions & investments

2025-06-29

Financing Activities

−$4.94B

Buybacks, dividends & debt

2025-06-29

FCF FormulaOperating CF ($6.17B) − |CapEx| (759M) = FCF ($5.41B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

LRCX vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Lam Research CorporationYOU

LRCX

$5.41B+27.2%29.4%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Lam Research Corporation (LRCX) reported free cash flow of $5.41B for FY2025 (fiscal year ending 2025-06-29), up 27.2% year-over-year. The FCF margin was 29.4%.

Based on available data, Lam Research Corporation has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $5.41B in FY2025. The 5-year CAGR stands at +23.0%.

Lam Research Corporation's FCF yield is 1.70% and price-to-FCF ratio is 60.4x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

LRCX free cash flow · 8 questions

Lam Research Corporation free cash flow was $5.41B for FY2025, up 27.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $6.45B.

LRCX free cash flowLRCX FCFLRCX FCF 2025LRCX free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Lam Research Corporation · Lam Research Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026