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    <link:label id="lab_us-gaap_CommercialMortgageBackedSecuritiesMember_F82870BD5ED7F6D936FE0C9D72AADA38_terseLabel_en-US" xlink:label="lab_us-gaap_CommercialMortgageBackedSecuritiesMember_F82870BD5ED7F6D936FE0C9D72AADA38" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage backed securities &#8212; commercial</link:label>
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    <link:label id="lab_us-gaap_FairValueByFairValueHierarchyLevelAxis_EC0EEF4980D6B1EB86FD0C9D72AAED8E_label_en-US" xlink:label="lab_us-gaap_FairValueByFairValueHierarchyLevelAxis_EC0EEF4980D6B1EB86FD0C9D72AAED8E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Hierarchy [Axis]</link:label>
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    <link:label id="lab_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_64D2FD7F217979F3E7840C9D72AA6523_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_64D2FD7F217979F3E7840C9D72AA6523" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Hierarchy [Domain]</link:label>
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    <link:label id="lab_us-gaap_FairValueInputsLevel1Member_468243462D032C7EE9E60C9D72AA6B01_label_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel1Member_468243462D032C7EE9E60C9D72AA6B01" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Inputs, Level 1 [Member]</link:label>
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    <link:label id="lab_us-gaap_FairValueInputsLevel2Member_50354069A6BA38FE86270C9D72AAE420_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel2Member_50354069A6BA38FE86270C9D72AAE420" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value Level 2</link:label>
    <link:label id="lab_us-gaap_FairValueInputsLevel2Member_50354069A6BA38FE86270C9D72AAE420_label_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel2Member_50354069A6BA38FE86270C9D72AAE420" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Inputs, Level 2 [Member]</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:label="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_13E927698286B96F04690C9D72AAAA89" xlink:type="locator" />
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    <link:label id="lab_lrcx_InvestmentsAmortizedCost_A29DC5D0D843EB17B21C0C9D72AAB101_terseLabel_en-US" xlink:label="lab_lrcx_InvestmentsAmortizedCost_A29DC5D0D843EB17B21C0C9D72AAB101" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cost</link:label>
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    <link:label id="lab_lrcx_InvestmentsAmortizedCost_A29DC5D0D843EB17B21C0C9D72AAB101_documentation_en-US" xlink:label="lab_lrcx_InvestmentsAmortizedCost_A29DC5D0D843EB17B21C0C9D72AAB101" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This item represents the cost of debt and equity securities, net of adjustments made for accretion, amortization, other-than-temporary impairments, and hedging, if any.</link:label>
    <link:loc xlink:href="lrcx-20170924.xsd#lrcx_InvestmentsAmortizedCost" xlink:label="loc_lrcx_InvestmentsAmortizedCost_A29DC5D0D843EB17B21C0C9D72AAB101" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_lrcx_InvestmentsAmortizedCost_A29DC5D0D843EB17B21C0C9D72AAB101" xlink:to="lab_lrcx_InvestmentsAmortizedCost_A29DC5D0D843EB17B21C0C9D72AAB101" xlink:type="arc" />
    <link:label id="lab_lrcx_InvestmentsUnrealizedGain_239ADA0E25A4BBD49F980C9D72AA3A6E_terseLabel_en-US" xlink:label="lab_lrcx_InvestmentsUnrealizedGain_239ADA0E25A4BBD49F980C9D72AA3A6E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unrealized Gain</link:label>
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    <link:label id="lab_lrcx_InvestmentsUnrealizedGain_239ADA0E25A4BBD49F980C9D72AA3A6E_documentation_en-US" xlink:label="lab_lrcx_InvestmentsUnrealizedGain_239ADA0E25A4BBD49F980C9D72AA3A6E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This item represents the unrealized gain on debt or equity securities.</link:label>
    <link:loc xlink:href="lrcx-20170924.xsd#lrcx_InvestmentsUnrealizedGain" xlink:label="loc_lrcx_InvestmentsUnrealizedGain_239ADA0E25A4BBD49F980C9D72AA3A6E" xlink:type="locator" />
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    <link:label id="lab_lrcx_InvestmentsUnrealizedLoss_87C47003677EA6AD0FDF0C9D72AA5571_negatedTerseLabel_en-US" xlink:label="lab_lrcx_InvestmentsUnrealizedLoss_87C47003677EA6AD0FDF0C9D72AA5571" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Unrealized (Loss)</link:label>
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    <link:label id="lab_lrcx_InvestmentsUnrealizedLoss_87C47003677EA6AD0FDF0C9D72AA5571_documentation_en-US" xlink:label="lab_lrcx_InvestmentsUnrealizedLoss_87C47003677EA6AD0FDF0C9D72AA5571" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This item represents the unrealized loss on debt or equity securities.</link:label>
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    <link:label id="lab_us-gaap_InvestmentsFairValueDisclosure_B56FCA53E1F4043234020C9D72AA22AE_label_en-US" xlink:label="lab_us-gaap_InvestmentsFairValueDisclosure_B56FCA53E1F4043234020C9D72AA22AE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investments, Fair Value Disclosure</link:label>
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    <link:label id="lab_us-gaap_CashAndCashEquivalentsFairValueDisclosure_3BDD3F533A82DCA2A3550C9D72AA754A_terseLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsFairValueDisclosure_3BDD3F533A82DCA2A3550C9D72AA754A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents</link:label>
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    <link:label id="lab_lrcx_ShortTermInvestmentsFairValueDisclosure_EF36C558CBD87926C8A10C9D72AA2239_terseLabel_en-US" xlink:label="lab_lrcx_ShortTermInvestmentsFairValueDisclosure_EF36C558CBD87926C8A10C9D72AA2239" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investments</link:label>
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    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate_0632988D3E087F9804FA7D4863582796_totalLabel_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate_0632988D3E087F9804FA7D4863582796" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
    <link:label id="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate_0632988D3E087F9804FA7D4863582796_label_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate_0632988D3E087F9804FA7D4863582796" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Available-for-sale Securities, Debt Maturities, Single Maturity Date</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate_0632988D3E087F9804FA7D4863582796" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="loc_us-gaap_StatementOfFinancialPositionAbstract_3917967B6D6457C1B52B69F410ADE8B1" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" xlink:label="loc_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_87BA7C99EF4F5760AF7A6CA5A8049483" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockParOrStatedValuePerShare" xlink:label="loc_us-gaap_PreferredStockParOrStatedValuePerShare_8D8AD544651E577D9589BA3E3FAC10B7" xlink:type="locator" />
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