Lam Research Financial Statements
NASDAQ: LRCXTechnologyIndustrial Machinery/ComponentsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Lam Research revenue and earnings
In fiscal 2026, Lam Research generated $23.23 billion in revenue, up 26.0% from fiscal 2025, its 2nd consecutive year of revenue growth. Net income was $7.27 billion (+35.6% year over year), for a net margin of 31.3% versus a median of 26.7% in the prior 5 years. Gross margin was 50.5% (up from 48.7%) and operating margin 35.3%.
Diluted earnings per share came in at $5.76, up from $4.15. Over the last 5 fiscal years, LRCX's revenue has grown at a 9.7% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Lam Research income statement (annual)
| Fiscal year (USD) | FY 20262026-06-28 | FY 20252025-06-29 | FY 20242024-06-30 | FY 20232023-06-25 | FY 20222022-06-26 | FY 20212021-06-27 | FY 20202020-06-28 | FY 20192019-06-30 | FY 20182018-06-24 | FY 20172017-06-25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 23.23B | 18.44B | 14.91B | 17.43B | 17.23B | 14.63B | 10.04B | 9.65B | 11.08B | 8.01B |
| Revenue growth (YoY) | +26.02% | +23.68% | -14.48% | +1.17% | +17.78% | +45.61% | +4.05% | -12.85% | +38.23% | +36.15% |
| Cost of Revenue | 11.51B | 9.46B | 7.85B | 9.65B | 9.36B | 7.82B | 5.44B | 5.30B | 5.91B | 4.41B |
| Gross Profit | 11.73B | 8.98B | 7.05B | 7.78B | 7.87B | 6.81B | 4.61B | 4.36B | 5.17B | 3.60B |
| Operating Expenses | 3.53B | 3.08B | 2.79B | 2.60B | 2.49B | 2.32B | 1.93B | 1.89B | 1.95B | 1.70B |
| Research & Development | 2.38B | 2.10B | 1.90B | 1.73B | 1.60B | 1.49B | 1.25B | 1.19B | 1.19B | 1.03B |
| Selling, General & Admin | 1.15B | 981.70M | 868.25M | 832.75M | 885.74M | 829.88M | 682.48M | 702.41M | 762.22M | 667.49M |
| Operating Income | 8.20B | 5.90B | 4.26B | 5.17B | 5.38B | 4.48B | 2.67B | 2.46B | 3.21B | 1.90B |
| Interest Expense | 156.88M | 178.20M | 185.24M | 186.46M | 184.76M | 208.60M | 177.44M | 117.26M | 97.39M | 117.73M |
| Other Income (Expense) | 62.68M | 57.16M | 96.31M | -65.65M | -188.71M | -111.22M | -98.82M | -18.16M | -61.51M | -90.46M |
| Pretax Income | 8.26B | 5.96B | 4.36B | 5.11B | 5.19B | 4.37B | 2.57B | 2.45B | 3.15B | 1.81B |
| Income Tax | 997.08M | 599.91M | 532.45M | 598.28M | 587.83M | 462.35M | 323.23M | 255.14M | 771.11M | 113.91M |
| Net Income | 7.27B | 5.36B | 3.83B | 4.51B | 4.61B | 3.91B | 2.25B | 2.19B | 2.38B | 1.70B |
| Net Income growth (YoY) | +35.59% | +39.98% | -15.14% | -2.05% | +17.83% | +73.57% | +2.75% | -7.95% | +40.22% | +85.74% |
| EPS (Basic) | 5.79 | 4.17 | 2.91 | 3.33 | 32.92 | 27.22 | 15.55 | 14.37 | 14.73 | 10.47 |
| EPS (Diluted) | 5.76 | 4.15 | 2.90 | 3.32 | 32.75 | 26.90 | 15.10 | 13.70 | 13.17 | 9.24 |
| Shares Outstanding (Basic) | 1.26B | 1.29B | 1.31B | 1.35B | 139.90M | 143.61M | 144.81M | 152.48M | 161.64M | 162.22M |
| Shares Outstanding (Diluted) | 1.26B | 1.29B | 1.32B | 1.36B | 140.63M | 145.32M | 149.09M | 159.91M | 180.78M | 183.77M |
| EBITDA | 8.64B | 6.29B | 4.62B | 5.52B | 5.72B | 4.79B | 2.94B | 2.77B | 3.54B | 2.21B |
| Gross Margin | 50.47% | 48.71% | 47.32% | 44.62% | 45.69% | 46.53% | 45.88% | 45.15% | 46.63% | 44.97% |
| Operating Margin | 35.29% | 32.01% | 28.61% | 29.69% | 31.24% | 30.64% | 26.62% | 25.53% | 29.01% | 23.74% |
| Net Margin | 31.27% | 29.06% | 25.68% | 25.88% | 26.73% | 26.72% | 22.42% | 22.70% | 21.49% | 21.19% |
This table shows 10 annual periods of Lam Research's income statement, from FY 2026 back to FY 2017, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow LRCX's reporting calendar. What is a income statement?