Lam Research Corporation (LRCX) Income Statement
LRCX FY2026 at a glance
Fiscal year ended June 30, 2026 · U.S. dollarsLRCX revenue and net income
Where LRCX's revenue goes
FY2026Each bar shows an amount and its share of revenue. LRCX kept 31.3% of revenue as net income.
LRCX profit margins
LRCX growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +26.0% | +10.1% | +9.7% | +14.7% |
| Gross profit | +30.6% | +14.7% | +11.5% | +16.2% |
| Operating income | +39.0% | +16.6% | +12.8% | +22.5% |
| Net income | +35.6% | +17.2% | +13.2% | +23.0% |
| EPS (diluted) | +40.6% | +19.5% | +16.3% | +24.7% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
LRCX quarterly EPS vs estimates
Lam Research beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 21, 2026 (estimate $2.17).
LRCX income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23.23B | $18.44B | $14.91B | $17.43B | $17.23B | $14.63B | $10.04B | $9.65B | $11.08B | $8.01B |
| 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 |
| Research & development | $2.38B | $2.10B | $1.90B | $1.73B | $1.60B | $1.49B | $1.25B | $1.19B | $1.19B | $1.03B |
| Sales, general & admin | $1.15B | $981.7M | $868.2M | $832.8M | $885.7M | $829.9M | $682.5M | $702.4M | $764.9M | $667.2M |
| Total operating expenses | $3.53B | $3.08B | $2.79B | $2.60B | $2.49B | $2.32B | $1.93B | $1.89B | $1.95B | $1.70B |
| Operating income | $8.20B | $5.90B | $4.26B | $5.17B | $5.38B | $4.48B | $2.67B | $2.46B | $3.21B | $1.90B |
| Interest income | $196.2M | $231.3M | $251.9M | $139.0M | $15.2M | $19.7M | $85.4M | $98.8M | $85.8M | $57.9M |
| Interest expense | $156.9M | $178.2M | $185.2M | $186.5M | $184.8M | $208.6M | $177.4M | $117.3M | $97.4M | $117.7M |
| Income before taxes | $8.26B | $5.96B | $4.36B | $5.11B | $5.19B | $4.37B | $2.57B | $2.45B | $3.15B | $1.81B |
| Income taxes | $997.1M | $599.9M | $532.5M | $598.3M | $587.8M | $462.3M | $323.2M | $255.1M | $771.1M | $113.9M |
| Net income | $7.27B | $5.36B | $3.83B | $4.51B | $4.61B | $3.91B | $2.25B | $2.19B | $2.38B | $1.70B |
| EBITDA | $8.70B | $6.34B | $4.91B | $5.64B | $5.71B | $4.89B | $3.02B | $2.87B | $3.58B | $2.24B |
| EPS (diluted) | $5.82 | $4.14 | $3.03 | $3.41 | $3.31 | $2.73 | $1.60 | $1.46 | $1.79 | $0.99 |
| Gross margin | 50.5% | 48.7% | 47.3% | 44.6% | 45.7% | 46.5% | 45.9% | 45.1% | 46.6% | 45.0% |
| Operating margin | 35.3% | 32.0% | 28.6% | 29.7% | 31.2% | 30.6% | 26.6% | 25.5% | 29.0% | 23.7% |
| Net margin | 31.3% | 29.1% | 25.7% | 25.9% | 26.7% | 26.7% | 22.4% | 22.7% | 21.5% | 21.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Cost of revenue | $3.24B | $2.93B | $2.69B | $2.64B | $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 |
| Research & development | $642.9M | $583.2M | $573.3M | $576.4M | $580.2M | $525.9M | $494.9M | $495.4M | $497.8M | $512.3M | $469.7M | $422.6M |
| Sales, general & admin | $322.3M | $280.3M | $267.7M | $279.3M | $268.4M | $226.0M | $244.2M | $243.1M | $216.5M | $215.9M | $228.8M | $207.0M |
| Total operating expenses | $965.3M | $863.5M | $841.0M | $855.8M | $848.6M | $751.9M | $739.1M | $738.5M | $713.5M | $743.4M | $700.2M | $631.7M |
| 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 income | $36.5M | $42.6M | $53.2M | $63.9M | $54.6M | $50.6M | $57.6M | $68.4M | $66.0M | $71.8M | $57.6M | $56.6M |
| Interest expense | $34.2M | $39.3M | $42.5M | $42.5M | $42.8M | $45.2M | $45.3M | $44.9M | $46.4M | $47.2M | $46.3M | $45.3M |
| Income before taxes | $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 taxes | $277.9M | $186.1M | $242.6M | $290.5M | $58.9M | $206.1M | $157.1M | $177.8M | $134.1M | $127.4M | $132.8M | $138.2M |
| Net income | $2.28B | $1.83B | $1.59B | $1.57B | $1.72B | $1.33B | $1.19B | $1.12B | $1.02B | $965.8M | $954.3M | $887.4M |
| EBITDA | $2.59B | $2.17B | $1.98B | $1.96B | $1.88B | $1.68B | $1.49B | $1.43B | $1.29B | $1.23B | $1.22B | $1.16B |
| EPS (diluted) | $1.82 | $1.47 | $1.27 | $1.26 | $1.33 | $1.04 | $0.91 | $0.86 | $0.81 | $0.78 | $0.75 | $0.69 |
| Gross margin | 51.7% | 49.8% | 49.6% | 50.4% | 50.1% | 49.0% | 47.4% | 48.0% | 47.5% | 47.5% | 46.8% | 47.5% |
| Operating margin | 37.4% | 35.0% | 33.9% | 34.4% | 33.7% | 33.1% | 30.5% | 30.3% | 29.1% | 27.9% | 28.1% | 29.4% |
| Net margin | 33.9% | 31.2% | 29.8% | 29.5% | 33.3% | 28.2% | 27.2% | 26.8% | 26.4% | 25.5% | 25.4% | 25.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in LRCX's financial statements (latest annual report filed August 7, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LRCX financial results
In fiscal year 2026 (ended June 30, 2026), Lam Research reported revenue of $23.2 billion, up 26.0% from the year before. It had net income of $7.3 billion (up 35.6%), a net profit margin of 31.3%. Diluted earnings per share came to $5.82. Over five years revenue grew at an average rate of 9.7% a year.
See the LRCX stock overview for the latest quote and news, or the LRCX chart for price history and technical indicators.
LRCX income statement FAQ
What is Lam Research's annual revenue?
Lam Research reported total revenue of $23.2 billion for fiscal year 2026, which ended on June 30, 2026. That was up 26.0% from $18.4 billion the previous year.
Is Lam Research profitable?
Yes. Lam Research reported net income of $7.3 billion in fiscal 2026, a net profit margin of 31.3%; its operating margin was 35.3%.
What is Lam Research's gross margin?
Lam Research's gross margin was 50.5% in fiscal 2026: for every $100 of revenue, Lam Research kept $50 after the direct cost of its products and services.
How much does Lam Research spend on research and development?
Lam Research spent $2.4 billion on research and development in fiscal 2026, 10.2% of revenue.
How fast is Lam Research growing?
Revenue grew 9.7% a year on average over the last five fiscal years, from $14.6 billion to $23.2 billion.
What are Lam Research's earnings per share?
Lam Research earned $5.82 per diluted share in fiscal 2026, compared with $4.14 a year earlier.
When will Lam Research report its next earnings?
Lam Research is expected to report results for the quarter ending September 30, 2026 on October 21, 2026 after the market closes.
When does Lam Research's fiscal year end?
Lam Research's fiscal year ends in June. The latest annual report covers the year ended June 30, 2026 and was filed on August 7, 2026.