Lam Research (LRCX) financials
Lam Research revenue and earnings by year
Lam Research's revenue was $23.2 billion in the fiscal year to June 28, 2026, up 26.0% from the year before. Net income was $7.27 billion, 31.3% of revenue. Since the fiscal year to June 25, 2017, revenue has grown 12.5% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 23.2 | 18.4 | 14.9 | 17.4 | 17.2 | 14.6 | 10.0 | 9.7 | 11.1 | 8.0 |
| Revenue growth | 26.0% | 23.7% | -14.5% | 1.2% | 17.8% | 45.6% | 4.1% | -12.9% | 38.2% | — |
| Gross profit | 11.7 | 9.0 | 7.1 | 7.8 | 7.9 | 6.8 | 4.6 | 4.4 | 5.2 | 3.6 |
| Gross margin | 50.5% | 48.7% | 47.3% | 44.6% | 45.7% | 46.5% | 45.9% | 45.1% | 46.6% | 45.0% |
| Operating income | 8.2 | 5.9 | 4.3 | 5.2 | 5.4 | 4.5 | 2.7 | 2.5 | 3.2 | 1.9 |
| Operating margin | 35.3% | 32.0% | 28.6% | 29.7% | 31.2% | 30.6% | 26.6% | 25.5% | 29.0% | 23.7% |
| Net income | 7.3 | 5.4 | 3.8 | 4.5 | 4.6 | 3.9 | 2.3 | 2.2 | 2.4 | 1.7 |
| Net margin | 31.3% | 29.1% | 25.7% | 25.9% | 26.7% | 26.7% | 22.4% | 22.7% | 21.5% | 21.2% |
| Diluted EPS | $5.76 | $4.15 | $2.90 | $3.32 | $3.27 | $2.69 | $1.51 | $1.37 | $1.32 | $0.92 |
| Free cash flow | 4.9 | 5.4 | 4.3 | 4.7 | 2.6 | 3.2 | 1.9 | 2.9 | 2.4 | 1.9 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open LRCX in Markets.
How Lam Research makes money
Revenue by segment in the quarter to September 27, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| System | $5.73B | 69.7% |
| Customer Support & Other | $2.49B | 30.3% |
See also: LRCX valuation and P/E history · LRCX returns
No forecast, no recommendation. This page describes Lam Research from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.