Lam Research (LRCX) Financial Statements & Analysis

Lam Research (LRCX) Income Statement

Lam Research reported revenue of $23.23B in fiscal 2026 (fiscal year ended Jun 30, 2026), up 26.0% from $18.44B a year earlier. Net income was $7.27B, up 35.6% year over year, a net margin of 31.3%. Gross margin was 50.5% and operating margin 35.3%. In the most recent quarter, Q1 fiscal 2027 (ended Sep 27, 2026), revenue was $8.22B, up 54.4% from the same quarter a year earlier.

Lam Research Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Lam Research Corporation income statement - Annual data in billions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Jun 2026	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017
Revenue & Gross Profit
Revenue	23.23	18.44	14.91	17.43	17.23	14.63	10.04	9.65	11.08	8.01
Cost of Revenue	11.51	9.46	7.85	9.65	9.36	7.82	5.44	5.30	5.91	4.41
Gross Profit	11.73	8.98	7.05	7.78	7.87	6.81	4.61	4.36	5.17	3.60
Operating Expenses
Research & Development	2.38	2.10	1.90	1.73	1.60	1.49	1.25	1.19	1.19	1.03
Selling, General & Administrative	1.15	0.98	0.87	0.83	0.89	0.83	0.68	0.70	0.76	0.67
Operating Expenses	3.53	3.08	2.77	2.60	2.49	2.32	1.93	1.89	1.95	1.70
Operating Income	8.20	5.90	4.28	5.17	5.38	4.48	2.67	2.46	3.21	1.90
Other Income/Expense
Interest Income	0.20	0.23	0.25	0.14	0.02	0.02	0.09	0.10	0.09	0.06
Interest Expense	0.16	0.18	0.19	0.19	0.18	0.21	0.18	0.12	0.10	0.12
Other Income/Expense	0.02	0.06	0.01	-0.07	-0.19	-0.11	-0.10	-0.02	-0.06	-0.09
Income
Income Before Tax	8.26	5.96	4.36	5.11	5.19	4.37	2.57	2.45	3.15	1.81
Income Tax Expense	1.00	0.60	0.53	0.60	0.59	0.46	0.32	0.26	0.77	0.11
Net Income	7.27	5.36	3.83	4.51	4.61	3.91	2.25	2.19	2.38	1.70
Net Income - Continuous Operations	7.27	5.36	3.83	4.51	4.61	3.91	2.25	2.19	2.38	1.70
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-
EBITDA	8.86	6.34	4.91	5.64	5.71	4.89	3.02	2.87	3.58	2.24
EBIT	8.42	6.14	4.55	5.30	5.38	4.48	2.67	-	-	-
Depreciation & Amortization	0.44	0.39	0.36	0.34	0.33	0.31	0.27	0.31	0.33	0.31
Earnings Per Share
Basic EPS	6.00	4.00	3.00	3.00	3.00	3.00	2.00	1.00	1.00	1.00
Diluted EPS	6.00	4.00	3.00	3.00	3.00	3.00	2.00	1.00	1.00	1.00
Basic Shares Outstanding	1.26	1.29	1.31	1.35	1.40	1.44	1.45	1.52	1.81	1.62
Diluted Shares Outstanding	1.26	1.29	1.32	1.36	1.41	1.45	1.49	1.60	1.81	1.84

Source: Company financial statements from annual and quarterly filings. Data as of Sep 27, 2026. Data sources and methodology

Frequently Asked Questions About Lam Research Financial Statements

What was Lam Research's revenue in fiscal 2026?

Lam Research reported revenue of $23.23B in fiscal 2026 (fiscal year ended Jun 30, 2026). That was up 26.0% from $18.44B a year earlier.

Is Lam Research profitable?

Yes. Lam Research earned net income of $7.27B in fiscal 2026, a net margin of 31.3%. In fiscal 2025 it earned $5.36B.

What is Lam Research's operating margin?

Lam Research's operating income was $8.20B on revenue of $23.23B in fiscal 2026, an operating margin of 35.3%, compared with 32.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition