Etch & deposition (memory-strong)

Lam Research

A leader in etch and deposition, especially for memory (3D NAND, DRAM). FY2025 (ended June 2025) revenue $18.4B. Samsung, SK hynix, Micron and TSMC are its key customers; expanding AI-memory investment drives demand.

LRCX Updated Jun 20, 2026 1 AI consumers

Lam ResearchFY2025 revenue $18.4B
Money out부품·서브시스템 공급사 (비공개)정밀 가스·소재 (비공개)

Financials & Segments

  • Total revenue · FY2025 revenue $18.4B
  • Customer concentration · Memory-heavy. Key customers Samsung and TSMC (named in 10-K), plus SK hynix and Micron.
  • Segments · Systems · Customer Support (CSBG)

Revenue from

  • TSMC High confidence
    Supplies etch/deposition tools to TSMC's fabs.
    Mentions KO Asia Business Daily Published Apr 28, 2026: "Memory capex drives Lam demand."
    Confirms EN SEC EDGAR Published Aug 11, 2025: "10-K: Samsung and TSMC are most significant customers."
  • Samsung Electronics High confidence
    Supplies etch/deposition tools to Samsung Electronics's fabs.
    Mentions KO Asia Business Daily Published Apr 28, 2026: "Memory capex drives Lam demand."
    Confirms EN SEC EDGAR Published Aug 11, 2025: "10-K: Samsung and TSMC are most significant customers."
  • SK hynix Medium confidence
    Supplies etch/deposition tools to SK hynix's fabs.
    Mentions KO Asia Business Daily Published Apr 28, 2026: "Memory capex drives Lam demand."
    Confirms EN SEC EDGAR Published Aug 11, 2025: "10-K: Samsung and TSMC are most significant customers."
  • Micron Technology Medium confidence
    Supplies etch/deposition tools to Micron Technology's fabs.
    Mentions KO Asia Business Daily Published Apr 28, 2026: "Memory capex drives Lam demand."
    Confirms EN SEC EDGAR Published Aug 11, 2025: "10-K: Samsung and TSMC are most significant customers."
  • GlobalFoundries Medium confidence
    Supplies wafer-fab tools to GlobalFoundries.
    Mentions EN SEC EDGAR Published Feb 27, 2026: "A key equipment supplier to GlobalFoundries."
  • United Microelectronics (UMC) Medium confidence
    Supplies wafer-fab tools to UMC.
    Mentions EN SEC EDGAR Published Jan 28, 2026: "UMC is a customer buying its equipment."

Pays to

  • 부품·서브시스템 공급사 (비공개) Low confidence
    Outsources parts and subsystems for etch/deposition tools (undisclosed).
    Mentions EN SEC EDGAR Published Aug 11, 2025: "10-K: relies on many suppliers."
  • 정밀 가스·소재 (비공개) Low confidence
    Buys process gases and specialty materials (undisclosed).
    Mentions EN SEC EDGAR Published Aug 11, 2025: "10-K: depends on specialty materials."

Value-chain ripple (tiers 2–3)

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