LRCX
Lam Research Corporation
Stock
$328.51+4.65 (+1.44%)Close Sep 30, 2026
Income statement
| Line | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23.2B | $18.4B | $14.9B | $17.4B | $17.2B | $14.6B | $10.0B | $9.7B | $11.1B | $8.0B | $5.9B | $5.3B | $4.6B | $3.6B | $2.7B | $3.2B | $2.1B | $1.1B |
| Cost of revenue | $11.5B | $9.5B | $7.9B | $9.7B | $9.4B | $7.8B | $5.4B | $5.3B | $5.9B | $4.4B | $3.3B | $3.0B | $2.6B | $2.2B | $1.6B | $1.7B | $1.2B | $727M |
| Gross profit | $11.7B | $9.0B | $7.1B | $7.8B | $7.9B | $6.8B | $4.6B | $4.4B | $5.2B | $3.6B | $2.6B | $2.3B | $2.0B | $1.4B | $1.1B | $1.5B | $970M | $389M |
| R&D | $2.4B | $2.1B | $1.9B | $1.7B | $1.6B | $1.5B | $1.3B | $1.2B | $1.2B | $1.0B | $914M | $825M | $716M | $684M | $445M | $373M | $321M | $288M |
| SG&A | $1.1B | $982M | $868M | $833M | $886M | $830M | $682M | $702M | $762M | $667M | $631M | $592M | $613M | $601M | $402M | $308M | $241M | $233M |
| Other operating expenses | — | — | $18M | $42M | — | — | — | — | — | — | — | $79M | — | — | — | $12M | — | $149M |
| Operating income | $8.2B | $5.9B | $4.3B | $5.2B | $5.4B | $4.5B | $2.7B | $2.5B | $3.2B | $1.9B | $1.1B | $788M | $678M | $118M | $238M | $804M | $425M | −$281M |
| Non-operating income | $63M | $57M | $96M | −$66M | −$189M | −$111M | −$99M | −$18M | −$62M | −$90M | −$114M | −$47M | $46M | −$51M | −$33M | −$3.4M | $4.7M | $18M |
| Pretax income | $8.3B | $6.0B | $4.4B | $5.1B | $5.2B | $4.4B | $2.6B | $2.4B | $3.2B | $1.8B | $960M | $741M | $723M | $67M | $204M | $801M | $430M | −$263M |
| Taxes | $997M | $600M | $532M | $598M | $588M | $462M | $323M | $255M | $771M | $114M | $46M | $85M | $91M | −$47M | $36M | $77M | $83M | $39M |
| Net income | $7.3B | $5.4B | $3.8B | $4.5B | $4.6B | $3.9B | $2.3B | $2.2B | $2.4B | $1.7B | $914M | $656M | $632M | $114M | $169M | $724M | $347M | −$302M |
| Diluted EPS | $5.76 | $4.15 | $2.90 | $3.32 | $3.28 | $2.69 | $1.51 | $1.37 | $1.32 | $0.92 | $0.52 | $0.37 | $0.36 | $0.07 | $0.14 | $0.58 | $0.27 | −$0.24 |
| Diluted shares | 1.26B | 1.29B | 1.32B | 1.36B | 1.41B | 1.45B | 1.49B | 1.60B | 1.81B | 1.84B | 1.75B | 1.77B | 1.75B | 1.73B | 1.25B | 1.25B | 1.28B | 1.26B |
| Revenue growth | +26.0% | +23.7% | −14.5% | +1.2% | +17.8% | +45.6% | +4.1% | −12.9% | +38.2% | +36.1% | +11.9% | +14.2% | +28.0% | +35.0% | −17.7% | +51.7% | +91.2% | — |
| Gross margin | 50.5% | 48.7% | 47.3% | 44.6% | 45.7% | 46.5% | 45.9% | 45.1% | 46.6% | 45.0% | 44.5% | 43.4% | 43.6% | 39.0% | 40.7% | 46.2% | 45.5% | 34.8% |
| Operating margin | 35.3% | 32.0% | 28.6% | 29.7% | 31.2% | 30.6% | 26.6% | 25.5% | 29.0% | 23.7% | 18.3% | 15.0% | 14.7% | 3.3% | 8.9% | 24.8% | 19.9% | −25.2% |
| Net margin | 31.3% | 29.1% | 25.7% | 25.9% | 26.7% | 26.7% | 22.4% | 22.7% | 21.5% | 21.2% | 15.5% | 12.5% | 13.7% | 3.2% | 6.3% | 22.4% | 16.2% | −27.1% |
Cost of revenue, other operating expenses, non-operating income and taxes are the differences between the lines reported around them.