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EQUITY-BASED COMPENSATION PLANS | 3 Months Ended
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Sep. 28, 2025
Share-Based Payment Arrangement [Abstract] |
EQUITY-BASED COMPENSATION PLANS | EQUITY-BASED COMPENSATION PLANS The Lam Research Corporation 2015 Stock Incentive Plan, as amended, provides for the grant of non-qualified equity-based awards of the Company’s Common Stock to eligible employees and non-employee directors, including stock options, restricted stock units (“RSUs”), and market-based performance RSUs (“market-based PRSUs”). An option is a right to purchase Common Stock at a set price. An RSU award is an agreement to issue a set number of shares of Common Stock at the time of vesting. The Company’s market-based PRSUs contain both a market condition and a service condition. The Company’s option, RSU, and market-based PRSU awards typically vest over a period of three years. The Company also has an employee stock purchase plan that allows eligible employees to purchase its Common Stock at a discount through payroll deductions. The Company recognized the following equity-based compensation expense (including expense related to the employee stock purchase plan) in the Condensed Consolidated Statements of Operations:
|  |  | Three Months Ended
|  |  |  |  | September 28, 2025 |  | September 29, 2024
|  |  |  |  | (in thousands)
Equity-based compensation expense |  |  |  |  | $ | 97,241 |  |  | $ | 80,011 |

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