skcots_13
Sep 26, 4:25 PM
$LRCX Lam Research maintains a fortress-like balance sheet for a capital-equipment semiconductor company. Net cash (or very low net debt) gives it flexibility for R&D, share buybacks, dividends, and weathering semiconductor cycle downturns. net cash position of
$1.46 billion. LRCX has one of the stronger balance sheets among major peers, sitting in a clear net-cash position alongside AMAT and ASML, while KLAC.
Lam Research walks into a bar with
$1.46 billion in net cash.
The bartender says, “What can I get you?”
Lam replies, “Just a water… I’m already liquid enough.” (And then it quietly buys back another few million shares on the way out.)
Recent activity (Fiscal 2026, ended June 28, 2026)
Total share repurchases: ~
$3.85 billion
Total capital returned (buybacks + dividends): >
$5.12+ billion
June 2026 quarter alone:
$246 million in buybacks +
$325 million in dividends
Diluted share count has been steadily declining (around 1.25–1.26 billion shares recently) due to ongoing repurchases.
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