Lam Research Corporation (LRCX)
NASDAQ: LRCX · Real-Time Price · USD
226.47
+7.07 (3.22%)
At close: Mar 17, 2026, 4:00 PM EDT
227.00
+0.53 (0.23%)
After-hours: Mar 17, 2026, 7:59 PM EDT
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 |
| 20,561 | 19,592 | 18,436 | 17,136 | 16,209 | 15,591 | 14,905 | 14,241 | 14,317 | 15,836 | 17,429 | 18,857 | 19,048 | 17,997 | 17,227 | 16,737 | 16,524 | 15,754 | 14,626 | 13,273 | |
Revenue Growth (YoY) | 26.85% | 25.66% | 23.68% | 20.32% | 13.21% | -1.55% | -14.48% | -24.48% | -24.83% | -12.00% | 1.17% | 12.67% | 15.27% | 14.24% | 17.78% | 26.10% | 38.52% | 42.49% | 45.61% | 38.06% |
Cost of Revenue | 10,321 | 9,931 | 9,457 | 8,906 | 8,493 | 8,191 | 7,853 | 7,570 | 7,841 | 8,742 | 9,652 | 10,438 | 10,417 | 9,765 | 9,355 | 9,050 | 8,874 | 8,478 | 7,821 | 7,102 |
Gross Profit | 10,239 | 9,661 | 8,979 | 8,229 | 7,716 | 7,401 | 7,053 | 6,671 | 6,476 | 7,095 | 7,777 | 8,419 | 8,630 | 8,232 | 7,872 | 7,686 | 7,650 | 7,276 | 6,805 | 6,170 |
Selling, General & Admin | 1,041 | 1,018 | 981.7 | 929.78 | 919.66 | 904.35 | 868.25 | 851.6 | 829.2 | 834.16 | 832.75 | 842.92 | 866.83 | 869.16 | 885.74 | 893.26 | 879.56 | 862.32 | 829.88 | 798.15 |
Research & Development | 2,256 | 2,177 | 2,096 | 2,014 | 2,000 | 1,975 | 1,902 | 1,807 | 1,724 | 1,716 | 1,727 | 1,736 | 1,714 | 1,655 | 1,604 | 1,575 | 1,549 | 1,520 | 1,493 | 1,450 |
Other Operating Expenses | - | - | - | -0.77 | 14.48 | 16.17 | 18.19 | 20.7 | 45.86 | 44.17 | 42.15 | 40.41 | - | - | - | - | - | - | - | - |
Total Operating Expenses | 3,297 | 3,195 | 3,078 | 2,943 | 2,935 | 2,896 | 2,789 | 2,679 | 2,599 | 2,595 | 2,602 | 2,620 | 2,581 | 2,524 | 2,490 | 2,468 | 2,428 | 2,383 | 2,323 | 2,249 |
Operating Income | 6,942 | 6,466 | 5,901 | 5,286 | 4,782 | 4,505 | 4,264 | 3,992 | 3,877 | 4,500 | 5,175 | 5,800 | 6,049 | 5,707 | 5,382 | 5,218 | 5,222 | 4,893 | 4,482 | 3,922 |
Total Non-Operating Income (Expense) | 69.3 | 57.15 | 57.16 | 47.1 | 108.21 | 123.79 | 96.31 | 77.52 | 38.12 | -19.95 | -65.65 | -195.11 | -249.18 | -202.95 | -188.71 | -75.43 | -53.34 | -101.28 | -111.22 | -111.61 |
Pretax Income | 7,011 | 6,523 | 5,958 | 5,334 | 4,890 | 4,629 | 4,360 | 4,069 | 3,915 | 4,480 | 5,109 | 5,605 | 5,800 | 5,504 | 5,193 | 5,143 | 5,168 | 4,792 | 4,371 | 3,810 |
Provision for Income Taxes | 798.07 | 712.58 | 599.91 | 675.09 | 596.4 | 572.05 | 532.45 | 459.45 | 457.01 | 507.65 | 598.28 | 687.17 | 675.18 | 653.06 | 587.83 | 601.96 | 577.91 | 527.16 | 462.35 | 349.74 |
Net Income | 6,213 | 5,810 | 5,358 | 4,658 | 4,294 | 4,057 | 3,828 | 3,610 | 3,458 | 3,972 | 4,511 | 4,917 | 5,125 | 4,851 | 4,605 | 4,541 | 4,590 | 4,265 | 3,908 | 3,460 |
Net Income to Common | 6,213 | 5,810 | 5,358 | 4,658 | 4,294 | 4,057 | 3,828 | 3,610 | 3,458 | 3,972 | 4,511 | 4,917 | 5,125 | 4,851 | 4,605 | 4,541 | 4,590 | 4,265 | 3,908 | 3,460 |
Net Income Growth | 44.71% | 43.23% | 39.98% | 29.04% | 24.16% | 2.12% | -15.14% | -26.59% | -32.52% | -18.12% | -2.05% | 8.29% | 11.65% | 13.76% | 17.83% | 31.23% | 54.86% | 63.44% | 73.57% | 65.03% |
Shares Outstanding (Basic) | 1,269 | 1,277 | 1,286 | 1,294 | 1,300 | 1,308 | 1,314 | 1,323 | 1,333 | 1,344 | 1,355 | 1,365 | 1,375 | 1,387 | 1,399 | 1,411 | 1,419 | 1,427 | 1,436 | 1,443 |
Shares Outstanding (Diluted) | 1,274 | 1,281 | 1,290 | 1,299 | 1,305 | 1,313 | 1,320 | 1,328 | 1,338 | 1,348 | 1,358 | 1,368 | 1,380 | 1,393 | 1,406 | 1,419 | 1,431 | 1,442 | 1,453 | 1,463 |
Shares Change (YoY) | -2.41% | -2.41% | -2.27% | -2.23% | -2.43% | -2.60% | -2.82% | -2.92% | -3.03% | -3.20% | -3.41% | -3.60% | -3.56% | -3.39% | -3.23% | -2.99% | -2.80% | -2.75% | -2.53% | -3.02% |
EPS (Basic) | 4.90 | 4.56 | 4.18 | 3.61 | 3.31 | 3.10 | 2.91 | 2.73 | 2.59 | 2.95 | 3.32 | 3.60 | 3.73 | 3.50 | 3.29 | 3.22 | 3.23 | 2.99 | 2.72 | 2.40 |
EPS (Diluted) | 4.88 | 4.54 | 4.16 | 3.59 | 3.29 | 3.09 | 2.90 | 2.72 | 2.59 | 2.94 | 3.31 | 3.59 | 3.72 | 3.49 | 3.27 | 3.20 | 3.21 | 2.96 | 2.69 | 2.37 |
EPS Growth | 48.33% | 46.93% | 43.45% | 32.13% | 27.13% | 4.92% | -12.49% | -24.34% | -30.43% | -15.54% | 1.19% | 12.25% | 15.89% | 17.72% | 21.57% | 35.04% | 59.23% | 68.01% | 78.06% | 70.31% |
Free Cash Flow | 6,216 | 5,550 | 5,968 | 4,347 | 4,054 | 4,839 | 4,256 | 4,538 | 4,864 | 4,502 | 4,677 | 3,952 | 2,957 | 3,282 | 2,554 | 3,567 | 4,030 | 2,980 | 3,239 | 2,670 |
Free Cash Flow Growth | 53.31% | 14.69% | 40.23% | -4.20% | -16.64% | 7.49% | -9.02% | 14.84% | 64.49% | 37.17% | 83.17% | 10.79% | -26.63% | 10.12% | -21.16% | 33.57% | 93.30% | 43.42% | 68.42% | 35.19% |
Free Cash Flow Per Share | 4.88 | 4.33 | 4.63 | 3.35 | 3.11 | 3.69 | 3.22 | 3.42 | 3.64 | 3.34 | 3.44 | 2.89 | 2.14 | 2.36 | 1.82 | 2.51 | 2.82 | 2.07 | 2.23 | 1.83 |
Dividends Per Share | 0.980 | 0.950 | 0.920 | 0.890 | 0.860 | 0.830 | 0.800 | 0.772 | 0.745 | 0.718 | 0.690 | 0.667 | 0.645 | 0.623 | 0.600 | 0.580 | 0.560 | 0.540 | 0.520 | 0.505 |
Dividend Growth | 13.95% | 14.46% | 15.00% | 15.21% | 15.44% | 15.68% | 15.94% | 15.73% | 15.50% | 15.26% | 15.00% | 15.09% | 15.18% | 15.28% | 15.38% | 14.85% | 14.29% | 13.68% | 13.04% | 10.99% |
Gross Margin | 49.80% | 49.31% | 48.71% | 48.03% | 47.60% | 47.47% | 47.32% | 46.84% | 45.23% | 44.80% | 44.62% | 44.65% | 45.31% | 45.74% | 45.69% | 45.93% | 46.30% | 46.19% | 46.53% | 46.49% |
Operating Margin | 33.76% | 33.00% | 32.01% | 30.85% | 29.50% | 28.89% | 28.61% | 28.03% | 27.08% | 28.42% | 29.69% | 30.76% | 31.76% | 31.71% | 31.24% | 31.18% | 31.60% | 31.06% | 30.64% | 29.55% |
Profit Margin | 30.22% | 29.66% | 29.06% | 27.19% | 26.49% | 26.02% | 25.68% | 25.35% | 24.15% | 25.08% | 25.88% | 26.08% | 26.91% | 26.96% | 26.73% | 27.13% | 27.78% | 27.07% | 26.72% | 26.07% |
FCF Margin | 30.23% | 28.33% | 32.37% | 25.37% | 25.01% | 31.04% | 28.55% | 31.87% | 33.97% | 28.43% | 26.84% | 20.96% | 15.52% | 18.24% | 14.82% | 21.31% | 24.39% | 18.92% | 22.15% | 20.12% |
EBITDA | 7,344 | 6,859 | 6,383 | 5,759 | 5,151 | 4,869 | 4,624 | 4,353 | 4,240 | 4,857 | 5,517 | 6,140 | 6,383 | 6,037 | 5,716 | 5,543 | 5,541 | 5,207 | 4,789 | 4,222 |
EBITDA Margin | 35.72% | 35.01% | 34.63% | 33.61% | 31.78% | 31.23% | 31.02% | 30.57% | 29.61% | 30.67% | 31.66% | 32.56% | 33.51% | 33.55% | 33.18% | 33.12% | 33.53% | 33.05% | 32.74% | 31.81% |
EBIT | 6,942 | 6,466 | 5,901 | 5,286 | 4,782 | 4,505 | 4,264 | 3,992 | 3,877 | 4,500 | 5,175 | 5,800 | 6,049 | 5,707 | 5,382 | 5,218 | 5,222 | 4,893 | 4,482 | 3,922 |
EBIT Margin | 33.76% | 33.00% | 32.01% | 30.85% | 29.50% | 28.89% | 28.61% | 28.03% | 27.08% | 28.42% | 29.69% | 30.76% | 31.76% | 31.71% | 31.24% | 31.18% | 31.60% | 31.06% | 30.64% | 29.55% |
Effective Tax Rate | 11.38% | 10.92% | 10.07% | 12.66% | 12.20% | 12.36% | 12.21% | 11.29% | 11.67% | 11.33% | 11.71% | 12.26% | 11.64% | 11.86% | 11.32% | 11.70% | 11.18% | 11.00% | 10.58% | 9.18% |
Updated Dec 28, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.