The Ledger ResearchPrivate

The Front Office

Scouting report · LRCX

Douglas R. Bettinger

Lam's CFO since March 2013; before that CFO of Avago Technologies

—thin record

Not ranked yet

Scouting sheet

as of 24 Sep 2026
Delivers guidance—no promises on the record yet
Answers the question—no call reviewed yet
Capital allocation—company not reviewed yet
Pay design87margin, strategic, individual, relative tsr, time only · 90.83% for · 0.16% of net income
Skin in the game—no holding or price on file
Age
59src
In the role
14 yr
Promises scored
0
Hit rate
—
Dodges / 100 answers
—
Airtime on calls
—
Every promise, oldest firstno scored promises yet

What to weigh

Watch 3

  • Sold about $26.5m of stock in the 12 months to 2026-09-24 (Nov 2025 and two option exercise-and-sell trades in March 2026); none of the three Form 4s cites a 10b5-1 plansrc
  • The two March 2026 sales (2026-03-02 and 2026-03-04) came on the same days as option exercises of 66,310 and 77,750 shares; he sold 40,329 and 50,057 shares and kept the restsrc
  • Lam had not filed its 2026 proxy by 2026-09-24, so FY2026 pay and ownership are not yet available; pay rows stop at FY2025src

In their favour 1

  • Long tenure and continuity: CFO since 2013 under two CEOs, while the COO seat turned over in 2026src

Career

  1. 2013 – now
    Lam Researchsrc
    EVP & CFO
    Effective 2013-03-11
  2. 2008 – 2013
    Avago Technologies (now Broadcom)src
    SVP & CFO
  3. 2007 – 2008
    Xilinxsrc
    VP Finance & Corporate Controller
  4. 2004 – 2007
    24/7 Customersrc
    CFO
    Privately held (WS-lam-2013)
  5. 1993 – 2004
    Intelsrc
    Senior finance roles incl. corporate planning and reporting controller, Malaysia site operations controller

Achievements

  • CFO of Lam since March 2013, serving under two CEOs (Archer since December 2018)src
  • Was CFO of Avago Technologies from 2008 to 2013, after finance roles at Xilinx, 24/7 Customer and 11 years at Intelsrc
  • Lam's GAAP net income was $5.36bn in FY2025 and $7.27bn in FY2026, up from $3.83bn in FY2024src
  • Beneficially owned 1,093,082 shares at 2025-09-05, including 113,730 exercisable options and RSUs vesting within 60 dayssrc

Education

  • University of Michigan, MBA Financesrc
  • University of Wisconsin-Madison, BS Economicssrc

Background

  • Family The 2025 proxy states no family relationships exist among any directors and executive officers, and no related-person transaction above $120,000 since the start of FY2025src
  • Boards Director of Lattice Semiconductor since December 2022 (audit committee on appointment)src
  • Boards Industrial Advisory Board, University of Wisconsin College of Engineering; SEMI Board of Industry Leaders 2018-2025src

The promise ledger

No promise on the record yet: the research routine has not scored this company's guidance.

Sources

9
  1. Filing Lam Research DEF 14A for the 2025 annual meeting (accession 0001140361-25-036012) · 2025-09-24
  2. Filing Lam Research 10-K for fiscal year ended 2026-06-28 (0000707549-26-000037), Information about our Executive Officers and signatures · 2026-08-07
  3. Filing Lam Research 8-K Items 5.02/5.03/5.07, 2025 annual meeting results (0000707549-25-000094) · 2025-11-06
  4. Filing SEC XBRL companyconcept us-gaap/NetIncomeLoss, CIK 707549 (FY2025 10-K 0000707549-25-000075; FY2026 10-K 0000707549-26-000037) · 2026-08-07
  5. Filing Form 4, Douglas R. Bettinger (reporting CIK 1469469), sale of 2025-11-14 (0001469469-25-000004) · 2025-11-17
  6. Filing Form 4, Douglas R. Bettinger, option exercises and sale of 2026-03-02 (0001469469-26-000005) · 2026-03-03
  7. Filing Form 4, Douglas R. Bettinger, option exercises and sale of 2026-03-04 (0001469469-26-000007) · 2026-03-05
  8. Web search result WebSearch: Lam Research 8-K Ex.99.1 (2013-02-26), Bettinger named EVP & CFO effective 2013-03-11 (SEC page returned 503 on direct fetch) · 2026-09-24
  9. Web search result WebSearch: Lattice Semiconductor appoints Douglas Bettinger to board and audit committee, effective 2022-12-02 · 2026-09-24