Lam Research Corporation (LRCX)
NASDAQ: LRCX · Real-Time Price · USD
244.21
-3.96 (-1.60%)
Jan 30, 2026, 10:16 AM EST - Market open
Lam Research Income Statement
Financials in millions USD. Fiscal year is July - June.
Millions USD. Fiscal year is Jul - Jun.
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | +20 Quarters |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 28, 2025 | Sep '25 Sep 28, 2025 | Jun '25 Jun 29, 2025 | Mar '25 Mar 30, 2025 | Dec '24 Dec 29, 2024 | Sep '24 Sep 29, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 24, 2023 | Sep '23 Sep 24, 2023 | Jun '23 Jun 25, 2023 | Mar '23 Mar 26, 2023 | Dec '22 Dec 25, 2022 | Sep '22 Sep 25, 2022 | Jun '22 Jun 26, 2022 | Mar '22 Mar 27, 2022 | Dec '21 Dec 26, 2021 | Sep '21 Sep 26, 2021 | Jun '21 Jun 27, 2021 | Mar '21 Mar 28, 2021 | +20 Quarters |
| 5,345 | 5,324 | 5,171 | 4,720 | 4,376 | 4,168 | 3,872 | 3,794 | 3,758 | 3,482 | 3,207 | 3,870 | 5,278 | 5,074 | 4,636 | 4,060 | 4,227 | 4,304 | 4,145 | 3,848 | Upgrade | |
Revenue Growth (YoY) | 22.14% | 27.74% | 33.58% | 24.43% | 16.44% | 19.70% | 20.71% | -1.96% | -28.79% | -31.38% | -30.81% | -4.70% | 24.87% | 17.88% | 11.83% | 5.53% | 22.29% | 35.48% | 48.47% | 53.68% | Upgrade |
Cost of Revenue | 2,694 | 2,639 | 2,582 | 2,406 | 2,303 | 2,165 | 2,026 | 1,978 | 1,986 | 1,819 | 1,738 | 2,197 | 2,901 | 2,737 | 2,535 | 2,244 | 2,249 | 2,328 | 2,230 | 2,068 | Upgrade |
Gross Profit | 2,651 | 2,685 | 2,590 | 2,314 | 2,073 | 2,003 | 1,845 | 1,816 | 1,772 | 1,663 | 1,470 | 1,672 | 2,376 | 2,337 | 2,101 | 1,817 | 1,978 | 1,977 | 1,915 | 1,780 | Upgrade |
Selling, General & Admin | 267.65 | 279.35 | 268.4 | 226.02 | 244.15 | 243.13 | 216.48 | 215.9 | 228.84 | 207.02 | 199.83 | 193.5 | 233.8 | 205.62 | 210 | 217.41 | 236.13 | 222.19 | 217.53 | 203.7 | Upgrade |
Research & Development | 573.31 | 576.45 | 580.18 | 525.9 | 494.95 | 495.36 | 497.83 | 512.27 | 469.71 | 422.63 | 401.95 | 429.45 | 462.39 | 433.38 | 411.16 | 407.12 | 403.64 | 382.33 | 381.75 | 381.12 | Upgrade |
Operating Expenses | 840.96 | 855.79 | 848.58 | 751.93 | 739.1 | 738.49 | 714.31 | 728.18 | 698.56 | 629.65 | 601.78 | 622.95 | 696.19 | 639 | 621.16 | 624.53 | 639.78 | 604.52 | 599.27 | 584.82 | Upgrade |
Operating Income | 1,810 | 1,829 | 1,741 | 1,562 | 1,334 | 1,264 | 1,131 | 1,088 | 1,074 | 1,033 | 867.79 | 1,049 | 1,680 | 1,698 | 1,479 | 1,192 | 1,338 | 1,372 | 1,316 | 1,195 | Upgrade |
Interest Expense | - | -42.47 | -42.77 | -45.18 | -45.3 | -44.95 | -46.44 | -47.15 | -46.31 | -45.33 | -46.53 | -47.22 | -46.66 | -46.05 | -46.23 | -46.71 | -46.77 | -45.06 | -51.7 | -52.24 | Upgrade |
Interest & Investment Income | - | 63.93 | 54.63 | 50.64 | 57.61 | 68.45 | 66.03 | 71.75 | 57.6 | 56.56 | 55.83 | 41.97 | 26.13 | 15.06 | 6.22 | 1.94 | 2.37 | 4.68 | 3.72 | 4.21 | Upgrade |
Currency Exchange Gain (Loss) | - | -5.53 | -6.91 | -4.7 | -5.12 | -9.69 | -1.19 | -4.34 | -0.57 | 1.27 | 1.73 | -5.52 | -10.11 | 6.82 | -2.38 | 0.94 | 0.73 | -0.02 | -2.37 | 0.54 | Upgrade |
Other Non Operating Income (Expenses) | 26.41 | 14.15 | 32.9 | -25.79 | 7.07 | 16.26 | 9.4 | 15.82 | 19.13 | -9.9 | -2.02 | 7.43 | 2.42 | -18.92 | -14.46 | -13.57 | 15.06 | 11.54 | 43.17 | 12.17 | Upgrade |
EBT Excluding Unusual Items | 1,837 | 1,859 | 1,779 | 1,537 | 1,348 | 1,294 | 1,159 | 1,124 | 1,104 | 1,036 | 876.8 | 1,046 | 1,652 | 1,655 | 1,423 | 1,135 | 1,310 | 1,343 | 1,309 | 1,160 | Upgrade |
Merger & Restructuring Charges | - | - | - | - | - | - | -4.51 | -30.45 | -16.65 | -9.96 | -13.19 | -107.13 | - | - | - | - | - | - | - | - | Upgrade |
Gain (Loss) on Sale of Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -63.6 | - | 46.6 | - | - | - | Upgrade |
Pretax Income | 1,837 | 1,859 | 1,779 | 1,537 | 1,348 | 1,294 | 1,154 | 1,093 | 1,087 | 1,026 | 863.62 | 938.92 | 1,652 | 1,655 | 1,359 | 1,135 | 1,356 | 1,343 | 1,309 | 1,160 | Upgrade |
Income Tax Expense | 242.62 | 290.5 | 58.89 | 206.06 | 157.13 | 177.83 | 134.07 | 127.36 | 132.79 | 138.23 | 61.08 | 124.91 | 183.42 | 228.87 | 149.97 | 112.92 | 161.31 | 163.63 | 164.1 | 88.87 | Upgrade |
Net Income | 1,594 | 1,569 | 1,720 | 1,331 | 1,191 | 1,116 | 1,020 | 965.83 | 954.27 | 887.4 | 802.54 | 814.01 | 1,469 | 1,426 | 1,209 | 1,022 | 1,195 | 1,180 | 1,145 | 1,071 | Upgrade |
Net Income to Common | 1,594 | 1,569 | 1,720 | 1,331 | 1,191 | 1,116 | 1,020 | 965.83 | 954.27 | 887.4 | 802.54 | 814.01 | 1,469 | 1,426 | 1,209 | 1,022 | 1,195 | 1,180 | 1,145 | 1,071 | Upgrade |
Net Income Growth | 33.84% | 40.51% | 68.59% | 37.77% | 24.81% | 25.81% | 27.13% | 18.65% | -35.02% | -37.77% | -33.62% | -20.33% | 22.91% | 20.86% | 5.62% | -4.61% | 37.46% | 43.27% | 64.30% | 86.35% | Upgrade |
Shares Outstanding (Basic) | 1,255 | 1,264 | 1,274 | 1,284 | 1,287 | 1,299 | 1,306 | 1,308 | 1,316 | 1,326 | 1,341 | 1,349 | 1,360 | 1,369 | 1,380 | 1,392 | 1,406 | 1,417 | 1,427 | 1,427 | Upgrade |
Shares Outstanding (Diluted) | 1,262 | 1,269 | 1,277 | 1,288 | 1,291 | 1,304 | 1,311 | 1,315 | 1,322 | 1,332 | 1,344 | 1,354 | 1,363 | 1,372 | 1,383 | 1,401 | 1,415 | 1,426 | 1,435 | 1,446 | Upgrade |
Shares Change (YoY) | -2.30% | -2.67% | -2.61% | -2.06% | -2.32% | -2.07% | -2.44% | -2.86% | -3.02% | -2.95% | -2.83% | -3.33% | -3.67% | -3.79% | -3.62% | -3.15% | -3.00% | -3.15% | -2.65% | -2.40% | Upgrade |
EPS (Basic) | 1.27 | 1.24 | 1.35 | 1.04 | 0.93 | 0.86 | 0.78 | 0.74 | 0.72 | 0.67 | 0.60 | 0.60 | 1.08 | 1.04 | 0.88 | 0.73 | 0.85 | 0.83 | 0.80 | 0.75 | Upgrade |
EPS (Diluted) | 1.26 | 1.24 | 1.34 | 1.03 | 0.92 | 0.86 | 0.78 | 0.73 | 0.72 | 0.67 | 0.60 | 0.60 | 1.08 | 1.04 | 0.87 | 0.73 | 0.84 | 0.83 | 0.80 | 0.74 | Upgrade |
EPS Growth | 36.96% | 44.30% | 72.19% | 41.10% | 27.78% | 28.39% | 30.59% | 21.46% | -33.15% | -35.58% | -31.62% | -17.67% | 27.61% | 25.64% | 9.54% | -1.48% | 41.61% | 47.94% | 68.93% | 90.98% | Upgrade |
Free Cash Flow | 1,219 | 1,594 | 2,382 | 1,021 | 553.59 | 1,458 | 761.68 | 1,281 | 1,339 | 874.17 | 1,044 | 1,607 | 976.81 | 1,050 | 318.19 | 612.34 | 1,302 | 321.1 | 1,331 | 1,075 | Upgrade |
Free Cash Flow Per Share | 0.97 | 1.26 | 1.86 | 0.79 | 0.43 | 1.12 | 0.58 | 0.97 | 1.01 | 0.66 | 0.78 | 1.19 | 0.72 | 0.77 | 0.23 | 0.44 | 0.92 | 0.23 | 0.93 | 0.74 | Upgrade |
Dividend Per Share | 0.260 | 0.260 | 0.230 | 0.230 | 0.230 | 0.230 | 0.200 | 0.200 | 0.200 | 0.200 | 0.172 | 0.172 | 0.172 | 0.172 | 0.150 | 0.150 | 0.150 | 0.150 | 0.130 | 0.130 | Upgrade |
Dividend Growth | 13.04% | 13.04% | 15.00% | 15.00% | 15.00% | 15.00% | 15.94% | 15.94% | 15.94% | 15.94% | 15.00% | 15.00% | 15.00% | 15.00% | 15.38% | 15.38% | 15.38% | 15.38% | 13.04% | 13.04% | Upgrade |
Gross Margin | 49.60% | 50.43% | 50.08% | 49.02% | 47.37% | 48.05% | 47.67% | 47.86% | 47.16% | 47.75% | 45.82% | 43.22% | 45.03% | 46.05% | 45.31% | 44.74% | 46.80% | 45.92% | 46.20% | 46.27% | Upgrade |
Operating Margin | 33.87% | 34.35% | 33.67% | 33.09% | 30.48% | 30.33% | 29.22% | 28.67% | 28.57% | 29.67% | 27.06% | 27.12% | 31.84% | 33.46% | 31.91% | 29.36% | 31.66% | 31.88% | 31.75% | 31.07% | Upgrade |
Profit Margin | 29.82% | 29.46% | 33.26% | 28.19% | 27.22% | 26.79% | 26.35% | 25.46% | 25.39% | 25.49% | 25.02% | 21.04% | 27.82% | 28.10% | 26.08% | 25.16% | 28.27% | 27.41% | 27.61% | 27.84% | Upgrade |
Free Cash Flow Margin | 22.81% | 29.94% | 46.06% | 21.62% | 12.65% | 34.98% | 19.67% | 33.77% | 35.62% | 25.11% | 32.55% | 41.53% | 18.51% | 20.68% | 6.86% | 15.08% | 30.80% | 7.46% | 32.12% | 27.95% | Upgrade |
EBITDA | 1,914 | 1,931 | 1,840 | 1,659 | 1,430 | 1,358 | 1,219 | 1,177 | 1,165 | 1,123 | 957.4 | 1,141 | 1,766 | 1,774 | 1,567 | 1,276 | 1,420 | 1,452 | 1,394 | 1,275 | Upgrade |
EBITDA Margin | 35.81% | 36.26% | 35.57% | 35.15% | 32.68% | 32.59% | 31.50% | 31.04% | 30.99% | 32.26% | 29.85% | 29.49% | 33.45% | 34.95% | 33.81% | 31.43% | 33.59% | 33.73% | 33.64% | 33.13% | Upgrade |
D&A For EBITDA | 103.93 | 101.64 | 98.44 | 97.34 | 96.2 | 94.3 | 88.36 | 89.92 | 90.94 | 90.48 | 89.6 | 91.66 | 85.41 | 75.75 | 87.93 | 84.23 | 81.71 | 79.87 | 78.4 | 79.45 | Upgrade |
EBIT | 1,810 | 1,829 | 1,741 | 1,562 | 1,334 | 1,264 | 1,131 | 1,088 | 1,074 | 1,033 | 867.79 | 1,049 | 1,680 | 1,698 | 1,479 | 1,192 | 1,338 | 1,372 | 1,316 | 1,195 | Upgrade |
EBIT Margin | 33.87% | 34.35% | 33.67% | 33.09% | 30.48% | 30.33% | 29.22% | 28.67% | 28.57% | 29.67% | 27.06% | 27.12% | 31.84% | 33.46% | 31.91% | 29.36% | 31.66% | 31.88% | 31.75% | 31.07% | Upgrade |
Effective Tax Rate | 13.21% | 15.63% | 3.31% | 13.41% | 11.65% | 13.74% | 11.62% | 11.65% | 12.21% | 13.48% | 7.07% | 13.30% | 11.10% | 13.83% | 11.04% | 9.95% | 11.89% | 12.18% | 12.54% | 7.66% | Upgrade |
Updated Dec 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.