Lam Research Income Statement

Financials in millions USD. Fiscal year is July - June.

Millions USD. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 28, 2025	Jun '25 Jun 29, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 25, 2023	Jun '22 Jun 26, 2022	Jun '21 Jun 27, 2021
Revenue	20,561	18,436	14,905	17,429	17,227	14,626
Revenue Growth (YoY)	26.85%	23.68%	-14.48%	1.17%	17.78%	45.61%
Cost of Revenue	10,321	9,457	7,853	9,652	9,355	7,821
Gross Profit	10,239	8,979	7,053	7,777	7,872	6,805
Selling, General & Admin	1,041	981.7	868.25	832.75	885.74	829.88
Research & Development	2,256	2,096	1,902	1,727	1,604	1,493
Other Operating Expenses	-	-	18.19	42.15	-	-
Operating Income	6,942	5,901	4,264	5,175	5,382	4,482
Total Non-Operating Income (Expense)	69.3	57.16	96.31	-65.65	-188.71	-111.22
Pretax Income	7,011	5,958	4,360	5,109	5,193	4,371
Provision for Income Taxes	798.07	599.91	532.45	598.28	587.83	462.35
Net Income	6,213	5,358	3,828	4,511	4,605	3,908
Net Income to Common	6,213	5,358	3,828	4,511	4,605	3,908
Net Income Growth	44.71%	39.98%	-15.14%	-2.05%	17.83%	73.57%
Shares Outstanding (Basic)	1,269	1,286	1,314	1,355	1,399	1,436
Shares Outstanding (Diluted)	1,274	1,290	1,320	1,358	1,406	1,453
Shares Change (YoY)	-2.41%	-2.26%	-2.83%	-3.41%	-3.23%	-2.53%
EPS (Basic)	4.90	4.17	2.91	3.33	3.29	2.72
EPS (Diluted)	4.88	4.15	2.90	3.32	3.27	2.69
EPS Growth	48.33%	43.10%	-12.65%	1.37%	21.75%	78.15%
Free Cash Flow	6,216	5,414	4,256	4,677	2,554	3,239
Free Cash Flow Growth	14.80%	27.22%	-9.02%	83.17%	-21.16%	68.42%
Free Cash Flow Per Share	4.88	4.20	3.22	3.44	1.82	2.23
Dividends Per Share	0.980	0.920	0.800	0.690	0.600	0.520
Dividend Growth	6.52%	15.00%	15.94%	15.00%	15.38%	13.04%
Gross Margin	49.80%	48.71%	47.32%	44.62%	45.69%	46.53%
Operating Margin	33.76%	32.01%	28.61%	29.69%	31.24%	30.64%
Profit Margin	30.22%	29.06%	25.68%	25.88%	26.73%	26.72%
FCF Margin	30.23%	29.37%	28.55%	26.84%	14.82%	22.15%
EBITDA	7,344	6,287	4,624	5,517	5,716	4,789
EBITDA Margin	35.72%	34.10%	31.02%	31.66%	33.18%	32.74%
EBIT	6,942	5,901	4,264	5,175	5,382	4,482
EBIT Margin	33.76%	32.01%	28.61%	29.69%	31.24%	30.64%
Effective Tax Rate	11.38%	10.07%	12.21%	11.71%	11.32%	10.58%

Updated Dec 28, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.