Buyback yield (TTM)
1.96%
Shareholder yield (TTM)
2.46%
5Y share count change
-13.5%
Buyback spend (TTM)
$4.90B
Cumulative buybacks
$28.17B
Key takeaways
- Lam Research (LRCX) repurchased about $4.90B of stock over the trailing twelve months.
- Diluted share count is down 13.5% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 13.00× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +20.1% per year over the latest 5-year window.
- TTM repurchases used about 94% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Lam Research (LRCX)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Lam Research (LRCX)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Lam Research (LRCX)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Lam Research (LRCX)
Latest: $3.42B
Overview
The 2025 reading of Lam Research (LRCX) buyback spend is $3.42B – grew 20.4% year-over-year.
Across 2020–2025 (5 years), Lam Research buyback spend produced a CAGR of +20.1% – sustaining 2 straight years of year-over-year growth.
Between 2022 and 2025, Lam Research buyback spend declined 11.5%, falling from $3.87B to $3.42B.
Across the available history, buyback spend reached its high of $3.87B in 2022 and its low of $0.00 in 1989.
Lam Research Buyback Spend 2025: $3.42B
Lam Research buyback spend in 2025 was $3.42B, grew 20.4% from 2024.
Lam Research Buyback Spend 2024: $2.84B
2024's buyback spend for Lam Research came in at $2.84B, surged 40.9% from 2023.
Lam Research Buyback Spend 2023: $2.02B
Lam Research posted buyback spend of $2.02B in 2023, plunged 47.8% below 2022.
Lam Research Buyback Spend 2022: $3.87B
In 2022, Lam Research reported buyback spend of $3.87B, surged 43.3% from 2021. This figure represents the highest annual value in the available history.
Lam Research Buyback Spend 2021: $2.70B
Lam Research buyback spend in 2021 was $2.70B.
See more financial history for Lam Research (LRCX).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $3.42B | $343.37M | $3.08B | 2.76% | 1.29B | -2.3% | |
| 2024 | $2.84B | $293.06M | $2.55B | 2.04% | 1.32B | -2.8% | |
| 2023 | $2.02B | $286.60M | $1.73B | 3.02% | 1.36B | -3.4% | |
| 2022 | $3.87B | $259.06M | $3.61B | 4.98% | 1.41B | -3.2% | |
| 2021 | $2.70B | $220.16M | $2.48B | 3.32% | 1.45B | -2.5% | |
| 2020 | $1.37B | $189.20M | $1.18B | 3.69% | 1.49B | -6.8% | |
| 2019 | $3.78B | $187.23M | $3.59B | 13.34% | 1.60B | -11.5% | |
| 2018 | $2.65B | $172.22M | $2.48B | 9.54% | 1.81B | -1.6% | |
| 2017 | $811.67M | $149.97M | $661.70M | 3.54% | 1.84B | +4.9% | |
| 2016 | $158.39M | $142.35M | $16.04M | 1.18% | 1.75B | -1.1% | |
| 2015 | $573.24M | $135.35M | $437.89M | 4.44% | 1.77B | +1.5% | |
| 2014 | $244.86M | $103.70M | $141.16M | 2.23% | 1.75B | +0.6% | |
| 2013 | $955.66M | $99.33M | $856.33M | 13.30% | 1.73B | +38.5% | |
| 2012 | $772.66M | $81.56M | $691.10M | 15.30% | 1.25B | +0.2% | |
| 2011 | $211.32M | $53.01M | $158.30M | 3.86% | 1.25B | -2.4% | |
| 2010 | $93.03M | $50.46M | $42.57M | 1.93% | 1.28B | +2.0% | |
| 2009 | $30.95M | $53.04M | −$22.10M | 0.94% | 1.26B | -0.7% | |
| 2008 | $14.55M | $42.52M | −$27.96M | 0.32% | 1.27B | -10.6% | |
| 2007 | $1.08B | $22.77M | $1.06B | 16.18% | 1.42B | -1.6% | |
| 2006 | $251.21M | $22.77M | $228.44M | 3.81% | 1.44B | +1.1% | |
| 2005 | $167.08M | $864.00K | $166.22M | 4.18% | 1.42B | -7.5% | |
| 2004 | $0.00 | $3.17M | −$3.17M | — | 1.54B | +21.7% | |
| 2003 | $39.12M | $0.00 | $39.12M | 1.69% | 1.26B | -0.0% | |
| 2002 | $10.68M | $0.00 | $10.68M | 0.50% | 1.26B | -4.5% | |
| 2001 | $45.07M | $0.00 | $45.07M | 1.14% | 1.32B | -7.7% | |
| 2000 | $31.58M | $0.00 | $31.58M | — | 1.43B | +24.1% | |
| 1999 | $18.90M | $0.00 | $18.90M | — | 1.15B | +1.1% | |
| 1998 | $0.00 | $0.00 | $0.00 | — | 1.14B | +24.4% | |
| 1997 | $0.00 | $0.00 | $0.00 | — | 0.92B | -16.9% | |
| 1996 | $3.50M | $0.00 | $3.50M | — | 1.11B | — | |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1994 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1993 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1992 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1991 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1990 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1989 | $0.00 | $0.00 | $0.00 | — | — | — |
- 2025$3.42B
- 2024$2.84B
- 2023$2.02B
- 2022$3.87B
- 2021$2.70B
- 2020$1.37B
- 2019$3.78B
- 2018$2.65B
- 2017$811.67M
- 2016$158.39M
- 2015$573.24M
- 2014$244.86M
- 2013$955.66M
- 2012$772.66M
- 2011$211.32M
- 2010$93.03M
- 2009$30.95M
- 2008$14.55M
- 2007$1.08B
- 2006$251.21M
- 2005$167.08M
- 2004$0.00
- 2003$39.12M
- 2002$10.68M
- 2001$45.07M
- 2000$31.58M
- 1999$18.90M
- 1998$0.00
- 1997$0.00
- 1996$3.50M
- 1995$0.00
- 1994$0.00
- 1993$0.00
- 1992$0.00
- 1991$0.00
- 1990$0.00
- 1989$0.00
Buybacks vs stock-based compensation for Lam Research (LRCX)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 13.00×.
Buybacks vs dividends (share of cash returned) for Lam Research (LRCX)
How Lam Research splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Lam Research, ranked by their latest buyback spend.
| $90.71B | |
| $40.09B | |
| $18.42B | |
| $6.65B | |
| $6.31B | |
| $1.32B | |
| $0.00 | |
| $0.00 |
- $90.71B
- $40.09B
- $18.42B
- $6.65B
- $6.31B
- $1.32B
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $5.21B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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