Annual Report 2021

Smaller Faster Smarter Proven.TM

At Lam Research, we challenge assumptions, defy conventions, and push the boundaries of the semiconductor industry. And we're just getting started.

Because as technology gets smaller, we think bigger. We achieve unprecedented collaboration through open communication. We know breakthrough isn't a product; it's a process driven by precision. We don't just speak of the future, we ensure it.

It takes recognizing that the right inputs lead to significant outcomes, then delivering time and time again. It means that when we say a smaller, faster, smarter world can exist, consider it proven.

A new look that's as modern as the technology we create

Our new brand embodies where we're headed. A company where potentials are realized, exacting standards are surpassed, and the future of technology is defined.

Our Purpose

Unleashing the power of innovation together for a better world.

Our Mission

Drive semiconductor breakthroughs that define the next generation.

Guiding Principles

  • Think customer, company, and individual
  • Be number one in customer trust
  • Attract, retain, and develop the best talent
  • Deliver best-in-class solutions
  • Achieve financial goals to deliver shareholder value
  • Act with purpose for a better world

Core Values

  • Achievement
  • Agility
  • Honesty & integrity
  • Inclusion & diversity
  • Innovation & continuous improvement
  • Mutual trust & respect
  • Open communication
  • Ownership & accountability
  • Teamwork

When the bar is raised, Lam Research delivers

Lam's performance in fiscal year 2021, despite the disruptions of a global pandemic, demonstrates the resiliency of our business, driven by best-in-class products and services, high quality operational execution, and exceptional talent throughout our employee base.

Revenue (Billions)

$14.0

$12.0

$10.0

$8.0

$6.0

$4.0

$2.0

$0.0

FY'17

FY'18

FY'19

FY'20

FY'21

R&D Spend (GAAP) (Millions)

$1,400

$1,200

$1,000

$800

$600

$400

$200

$0

FY'17

FY'18

FY'19

FY'20

FY'21

Earnings per Share (GAAP, diluted)

$26.00

$24.00

$22.00

$20.00

$18.00

$16.00

$14.00

$12.00

$10.00

$8.00

$6.00

$4.00

$2.00

$0.00

FY'17

FY'18

FY'19

FY'20

FY'21

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Disclaimer

Lam Research Corporation published this content on 24 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2021 21:01:03 UTC.