Free · no account · quoted from the filing

What changed in LRCX's 10-Q

Source: 10-Q filed 2026-04-23 · compared against 10-Q 2026-01-29. Every passage below is quoted verbatim from the filing itself.

Revenue and Earnings

This filing
revenue increased 9% compared to the three months ended December 28, 2025

Gross Margin

This filing
gross margin as a percentage of revenue ... was primarily a result of improved factory efficiencies

Cash and Liquidity

This filing
cash, cash equivalents, and restricted cash balances decreased to $4.77 billion ... primarily the result of $1.16 billion of share repurchases

Debt

This filing
principal payments on debt instruments and debt issuance costs

Revenue Mix

This filing
driven by an increase in systems revenue primarily resulting from increased customer investments in the DRAM market segment

Segment Trends

This filing
as well as an increase in customer support-related revenue mainly tied to our expanding installed base and higher spares, upgrades and services revenue
What it means — the analyst reading

The passages above are the company's own words. The plain-English reading of them — what changed, why it matters, and the direction of travel — is part of the Filing Change Monitor.

See the Filing Change Monitor →

Compared from narrative excerpts (outlook, risks, MD&A) of both filings — quotes are verbatim from the new filing. Not advice. Source: company SEC filings via stockportfolio.pro. Educational, not investment advice.