In fiscal 2026, which ended Jun 28, 2026, Lam Research Corporation reported revenue of $23.2 billion, up 26.0% from the year before. Net income was $7.3 billion, a profit margin of 31.3%. Operating income came to $8.2 billion, an operating margin of 35.3%. Diluted earnings per share were $5.76. Over the twelve months ended Sep 27, 2026, revenue was $26.1 billion and net income was $8.4 billion. Across the 10 fiscal years shown, revenue grew from $8.0 billion in fiscal 2017 to $23.2 billion in fiscal 2026, about 12.6% a year.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2027
Sep 27, 2026
|
FY 2026
Jun 28, 2026
|
FY 2025
Jun 29, 2025
|
FY 2024
Jun 30, 2024
|
FY 2023
Jun 25, 2023
|
FY 2022
Jun 26, 2022
|
FY 2021
Jun 27, 2021
|
FY 2020
Jun 28, 2020
|
FY 2019
Jun 30, 2019
|
FY 2018
Jun 24, 2018
|
FY 2017
Jun 25, 2017
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
26,128
+33.4%
|
23,233
+26.0%
|
18,436
+23.7%
|
14,905
-14.5%
|
17,429
+1.2%
|
17,227
+17.8%
|
14,626
+45.6%
|
10,045
+4.1%
|
9,654
-12.9%
|
11,077
+38.2%
|
8,014
+36.1%
|
| Cost of revenue |
—
|
11,507
+21.7%
|
9,457
+20.4%
|
7,853
-18.6%
|
9,652
+3.2%
|
9,355
+19.6%
|
7,821
+43.9%
|
5,436
+2.7%
|
5,295
-10.4%
|
5,912
+34.1%
|
4,410
+35.0%
|
| Gross profit |
13,339
+38.1%
|
11,725
+30.6%
|
8,979
+27.3%
|
7,053
-9.3%
|
7,777
-1.2%
|
7,872
+15.7%
|
6,805
+47.7%
|
4,609
+5.7%
|
4,358
-15.6%
|
5,165
+43.3%
|
3,603
+37.6%
|
| Research and development |
2,466
+13.2%
|
2,376
+13.3%
|
2,096
+10.2%
|
1,902
+10.1%
|
1,727
+7.7%
|
1,604
+7.4%
|
1,493
+19.2%
|
1,252
+5.1%
|
1,191
+0.2%
|
1,190
+15.1%
|
1,034
+13.1%
|
| Selling, general and administrative |
1,219
+19.8%
|
1,150
+17.1%
|
982
+13.1%
|
868
+4.3%
|
833
-6.0%
|
886
+6.7%
|
830
+21.6%
|
682
-2.8%
|
702
-7.8%
|
762
+14.2%
|
667
+5.8%
|
| Operating expenses |
3,685
+15.3%
|
3,526
|
3,078
|
—
|
—
|
2,490
+7.2%
|
2,323
+20.1%
|
1,935
+2.2%
|
1,894
-3.0%
|
1,952
+14.7%
|
1,701
+10.1%
|
| Operating income |
9,654
+49.3%
|
8,200
+39.0%
|
5,901
+38.4%
|
4,264
-17.6%
|
5,175
-3.8%
|
5,382
+20.1%
|
4,482
+67.6%
|
2,674
+8.5%
|
2,465
-23.3%
|
3,213
+68.9%
|
1,902
+77.1%
|
| Other non-operating income (expense) |
61
+6.9%
|
63
+9.7%
|
57
-40.6%
|
96
+246.7%
|
-66
+65.2%
|
-189
-69.7%
|
-111
-12.5%
|
-99
-444.2%
|
-18
+70.5%
|
-62
+32.0%
|
-90
+20.7%
|
| Pretax income |
9,716
+48.9%
|
8,262
+38.7%
|
5,958
+36.6%
|
4,360
-14.7%
|
5,109
-1.6%
|
5,193
+18.8%
|
4,371
+69.7%
|
2,575
+5.2%
|
2,447
-22.4%
|
3,152
+74.0%
|
1,812
+88.7%
|
| Income tax |
1,266
+77.6%
|
997
+66.2%
|
600
+12.7%
|
532
-11.0%
|
598
+1.8%
|
588
+27.1%
|
462
+43.0%
|
323
+26.7%
|
255
-66.9%
|
771
+576.9%
|
114
+147.3%
|
| Net income |
8,450
+45.4%
|
7,265
+35.6%
|
5,358
+40.0%
|
3,828
-15.1%
|
4,511
-2.0%
|
4,605
+17.8%
|
3,908
+73.6%
|
2,252
+2.8%
|
2,191
-7.9%
|
2,381
+40.2%
|
1,698
+85.7%
|
| Basic EPS |
6.75
+48.4%
|
5.79
+38.8%
|
4.17
+43.3%
|
2.91
-12.6%
|
3.33
-89.9%
|
32.92
+20.9%
|
27.22
+75.0%
|
15.55
+8.2%
|
14.37
-2.4%
|
14.73
+40.7%
|
10.47
+82.1%
|
| Diluted EPS |
6.72
+48.2%
|
5.76
+38.8%
|
4.15
+43.1%
|
2.90
-12.7%
|
3.32
-89.9%
|
32.75
+21.7%
|
26.90
+78.1%
|
15.10
+10.2%
|
13.70
+4.0%
|
13.17
+42.5%
|
9.24
+77.0%
|
| Weighted average shares, basic |
1,252
-2.0%
|
1,255
-2.4%
|
1,286
-2.1%
|
1,314
-3.0%
|
1,355
+868.4%
|
140
-2.6%
|
144
-0.8%
|
145
-5.0%
|
152
-5.7%
|
162
-0.4%
|
162
+2.1%
|
| Weighted average shares, diluted |
1,258
-1.9%
|
1,261
-2.3%
|
1,290
-2.3%
|
1,320
-2.8%
|
1,358
+865.9%
|
141
-3.2%
|
145
-2.5%
|
149
-6.8%
|
160
-11.5%
|
181
-1.6%
|
184
+4.9%
|
| Other measures | |||||||||||
| Depreciation and amortization |
462
+17.4%
|
442
+14.3%
|
386
+7.4%
|
360
+5.0%
|
342
+2.6%
|
334
+8.7%
|
307
+14.4%
|
269
-13.2%
|
309
-5.2%
|
326
+6.4%
|
307
+5.5%
|
| EBITDA |
10,116
+47.5%
|
8,641
+37.4%
|
6,287
+36.0%
|
4,624
-16.2%
|
5,517
-3.5%
|
5,716
+19.3%
|
4,789
+62.8%
|
2,942
+6.1%
|
2,774
-21.6%
|
3,540
+60.2%
|
2,209
+61.8%
|
| Interest coverage |
63.86x
|
52.27x
|
33.11x
|
23.02x
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Margins | |||||||||||
| Gross margin |
51.05%
|
50.47%
|
48.71%
|
47.32%
|
44.62%
|
45.69%
|
46.53%
|
45.88%
|
45.15%
|
46.63%
|
44.97%
|
| Operating margin |
36.95%
|
35.29%
|
32.01%
|
28.61%
|
29.69%
|
31.24%
|
30.64%
|
26.62%
|
25.53%
|
29.01%
|
23.74%
|
| Pretax margin |
37.18%
|
35.56%
|
32.32%
|
29.25%
|
29.32%
|
30.15%
|
29.88%
|
25.64%
|
25.34%
|
28.45%
|
22.61%
|
| Profit margin |
32.34%
|
31.27%
|
29.06%
|
25.68%
|
25.88%
|
26.73%
|
26.72%
|
22.42%
|
22.70%
|
21.49%
|
21.19%
|
| EBITDA margin |
38.72%
|
37.19%
|
34.10%
|
31.02%
|
31.66%
|
33.18%
|
32.74%
|
29.29%
|
28.74%
|
31.96%
|
27.57%
|
| Effective tax rate |
13.03%
|
12.07%
|
10.07%
|
12.21%
|
11.71%
|
11.32%
|
10.58%
|
12.55%
|
10.43%
|
24.47%
|
6.29%
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Special Industry Machinery, NEC (SIC 3559)
- Listed as
- LRCX (Nasdaq)
- Fiscal year ends
- June 27
- Incorporated in
- DE
- Headquarters
- Fremont, CA
- SEC filer status
- Large accelerated filer
- SEC CIK
- 707549
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Source: SEC EDGAR filings. This is company-reported data, not investment advice.