HIGHBuilt-inGeographic
93%
Non-U.S. sales
“10-K Item 1: 'Non-U.S. sales, as reflected in Part II Item 7. Results of Operations of this 2025 Form 10-K, accounted for approximately 93%, 93%, and 91% of total revenue'”
LRCX · Concentration risk · 10-K extracted
Lam Research (LRCX) concentration risks
Updated
The most significant concentration Lam Research discloses is Non-U.S. sales at 93%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Lam Research’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH2
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHOutside partySupplier
single supplier components
“10-K Item 1A: 'Certain components and sub-assemblies that we include in our products may only be obtained from a single supplier.'”
MEDIUMOutside partyCustomer
limited number of large customers
“10-K Item 1A: 'Sales to a limited number of large customers constitute a significant portion of our overall shipments, revenue, cash flows and profitability.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-10-04Lam Research's concentrations combine a heavy structural footing with supplier and customer dependencies. Non-U.S. sales accounted for approximately 93%, 93%, and 91% of total revenue across the years reported. That is a high-share geographic exposure and a stable one, so the company is tied to global trade policy, export rules, and foreign capital spending as a permanent feature of the model. On the supply side, certain components and sub-assemblies may only be obtained from a single supplier. This is a high-share dependency and the most idiosyncratic item here: a problem at one vendor could constrain output of the affected systems with no easy alternative. On the demand side, sales to a limited number of large customers constitute a significant portion of shipments, revenue, cash flows and profitability. This is a medium-share dependency; the filing gives no percentage, so the band is the only sizing guide. Large buyers can defer or cancel orders, which makes revenue lumpy. Netted out, geography is the constant backdrop, while single-source supply and customer ordering are the idiosyncratic risks most likely to move the verdict.
For the engine’s reasoning on LRCX’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Semiconductor Equipment & Materials
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ACLS | Axcelis Technologies, Inc. | 3 | 1 | 0 | 4 |
| ACMR | ACM Research, Inc. | 3 | 0 | 0 | 3 |
| AMBA | Ambarella, Inc. | 3 | 0 | 0 | 3 |
| AEHR | Aehr Test Systems | 2 | 1 | 0 | 3 |
| LRCX● | Lam Research Corporation | 2 | 1 | 0 | 3 |
| AMAT | Applied Materials, Inc. | 2 | 0 | 2 | 4 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.