Lam Research Quarterly Income Statement
NASDAQ: LRCXTechnologyIndustrial Machinery/ComponentsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Lam Research revenue and earnings
In the quarter ended Jun 28, 2026, Lam Research generated $6.72 billion in revenue, up 30.0% from the same quarter a year earlier. Net income was $2.28 billion (+32.4% year over year), for a net margin of 33.9% versus a median of 29.8% in the prior 5 quarters. Gross margin was 51.7% (up from 50.1%) and operating margin 37.4%.
Diluted earnings per share came in at $1.81, up from $1.34.
Summary generated from market data by MetaCap's automated system. Methodology
Lam Research income statement (quarterly)
| Quarter (USD) | Q4 20262026-06-28 | Q3 20262026-03-29 | Q2 20262025-12-28 | Q1 20262025-09-28 | Q4 20252025-06-29 | Q3 20252025-03-30 | Q2 20252024-12-29 | Q1 20252024-09-29 | Q4 20242024-06-30 | Q3 20242024-03-31 | Q2 20242023-12-24 | Q1 20242023-09-24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6.72B | 5.84B | 5.34B | 5.32B | 5.17B | 4.72B | 4.38B | 4.17B | 3.87B | 3.79B | 3.76B | 3.48B |
| Revenue growth (YoY) | +29.99% | +23.76% | +22.14% | +27.74% | +33.58% | +24.43% | +16.44% | +19.70% | +20.71% | -1.96% | -28.79% | -31.38% |
| Cost of Revenue | — | — | — | — | 2.58B | 2.41B | 2.30B | 2.17B | 2.03B | 1.99B | 2.00B | 1.83B |
| Gross Profit | 3.48B | 2.91B | 2.65B | 2.68B | 2.59B | 2.31B | 2.07B | 2.00B | 1.84B | 1.80B | 1.76B | 1.65B |
| Operating Expenses | 965.25M | 863.51M | 840.96M | 855.79M | 848.58M | 751.93M | 739.10M | 738.49M | 713.54M | 743.42M | 700.24M | 631.67M |
| Research & Development | 642.92M | 583.20M | 573.30M | 576.45M | 580.18M | 525.90M | 494.95M | 495.36M | 497.83M | 512.27M | 469.71M | 422.63M |
| Selling, General & Admin | 322.33M | 280.31M | 267.65M | 279.35M | 268.40M | 226.02M | 244.15M | 243.13M | 216.48M | 215.90M | 228.84M | 207.02M |
| Operating Income | 2.51B | 2.05B | 1.81B | 1.83B | 1.74B | 1.56B | 1.33B | 1.26B | 1.13B | 1.06B | 1.06B | 1.02B |
| Interest Expense | 34.20M | 39.33M | 40.88M | 42.47M | 42.77M | 45.18M | 45.30M | 44.95M | 46.44M | 47.15M | 46.31M | 45.33M |
| Other Income (Expense) | 41.65M | -35.46M | 26.41M | 30.07M | 37.85M | -25.04M | 14.26M | 30.08M | 27.80M | 36.07M | 29.84M | 2.60M |
| Pretax Income | 2.56B | 2.01B | 1.84B | 1.86B | 1.78B | 1.54B | 1.35B | 1.29B | 1.15B | 1.09B | 1.09B | 1.03B |
| Income Tax | 277.86M | 186.10M | 242.62M | 290.50M | 58.89M | 206.06M | 157.13M | 177.83M | 134.07M | 127.36M | 132.78M | 138.23M |
| Net Income | 2.28B | 1.83B | 1.59B | 1.57B | 1.72B | 1.33B | 1.19B | 1.12B | 1.02B | 965.83M | 954.27M | 887.40M |
| Net Income growth (YoY) | +32.39% | +37.18% | +33.83% | +40.51% | +68.59% | +37.78% | +24.81% | +25.81% | +27.13% | +18.65% | -35.02% | -37.76% |
| EPS (Basic) | 1.82 | 1.46 | 1.27 | 1.24 | 1.34 | 1.04 | 0.93 | 0.86 | 0.78 | 0.74 | 0.72 | 0.67 |
| EPS (Diluted) | 1.81 | 1.45 | 1.26 | 1.24 | 1.34 | 1.03 | 0.92 | 0.86 | 0.78 | 0.73 | 0.72 | 0.67 |
| Shares Outstanding (Basic) | — | 1.25B | 1.25B | 1.26B | — | 1.28B | 1.29B | 1.30B | — | 1.31B | 1.32B | 1.33B |
| Shares Outstanding (Diluted) | — | 1.26B | 1.26B | 1.27B | — | 1.29B | 1.29B | 1.30B | — | 1.32B | 1.32B | 1.33B |
| EBITDA | 2.63B | 2.16B | 1.91B | 1.93B | 1.84B | 1.66B | 1.43B | 1.36B | 1.21B | 1.15B | 1.15B | 1.11B |
| Gross Margin | 51.75% | 49.83% | 49.60% | 50.43% | 50.08% | 49.02% | 47.37% | 48.05% | 47.53% | 47.46% | 46.76% | 47.52% |
| Operating Margin | 37.39% | 35.04% | 33.87% | 34.35% | 33.67% | 33.09% | 30.48% | 30.33% | 29.10% | 27.87% | 28.13% | 29.38% |
| Net Margin | 33.88% | 31.25% | 29.82% | 29.46% | 33.26% | 28.19% | 27.22% | 26.79% | 26.35% | 25.46% | 25.39% | 25.48% |
This table shows 12 quarterly periods of Lam Research's income statement, from Q4 2026 back to Q1 2024, 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?