LRCX
Lam Research Corp
NASDAQ: LRCX · TECHNOLOGY · SEMICONDUCTOR EQUIPMENT & MATERIALS
$257.86
+3.66% today
Updated 2026-04-29
Market cap
$334.88B
P/E ratio
50.52
P/S ratio
15.45x
EPS (TTM)
$5.30
Dividend yield
0.39%
52W range
$68 – $276
Volume
10.0M
Lam Research Corp (LRCX) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.64B | $2.57B | $2.47B | $1.12B | $2.13B | $3.24B | $2.67B | $3.60B | $4.61B | $5.26B | $5.89B | $8.01B | $11.08B | $9.65B | $10.04B | $14.63B | $17.23B | $17.43B | $14.91B | $18.44B |
| Revenue growth (YoY) | — | +56.3% | -3.6% | -54.9% | +91.2% | +51.7% | -17.7% | +35.0% | +28.0% | +14.2% | +11.9% | +36.1% | +38.2% | -12.9% | +4.1% | +45.6% | +17.8% | +1.2% | -14.5% | +23.7% |
| Cost of revenue | $815.16M | $1.26B | $1.30B | $727.21M | $1.16B | $1.74B | $1.58B | $2.20B | $2.60B | $2.97B | $3.27B | $4.41B | $5.91B | $5.30B | $5.44B | $7.82B | $9.36B | $9.65B | $7.85B | $9.46B |
| Gross profit | $827.01M | $1.30B | $1.17B | $388.73M | $969.93M | $1.50B | $1.08B | $1.40B | $2.01B | $2.28B | $2.62B | $3.60B | $5.17B | $4.36B | $4.61B | $6.81B | $7.87B | $7.78B | $7.05B | $8.98B |
| Gross margin | 50.4% | 50.8% | 47.4% | 34.8% | 45.5% | 46.2% | 40.7% | 39.0% | 43.6% | 43.4% | 44.5% | 45.0% | 46.6% | 45.1% | 45.9% | 46.5% | 45.7% | 44.6% | 47.3% | 48.7% |
| R&D | $228.89M | $285.00M | $323.76M | $288.27M | $320.86M | $373.29M | $444.56M | $683.69M | $716.47M | $825.24M | $913.71M | $1.03B | $1.19B | $1.19B | $1.25B | $1.49B | $1.60B | $1.73B | $1.90B | $2.10B |
| SG&A | $193.00M | $241.00M | $241.00M | $237.71M | $241.00M | $308.07M | $402.00M | $599.49M | $613.00M | $591.57M | $630.88M | $667.22M | $764.87M | $702.41M | $682.48M | $829.88M | $885.74M | $832.75M | $868.25M | $981.70M |
| Operating income | $404.77M | $794.00M | $509.43M | $-281.24M | $425.41M | $804.28M | $237.73M | $118.07M | $677.67M | $788.04M | $1.07B | $1.90B | $3.21B | $2.46B | $2.67B | $4.48B | $5.38B | $5.17B | $4.26B | $5.90B |
| Operating margin | 24.6% | 30.9% | 20.6% | -25.2% | 19.9% | 24.8% | 8.9% | 3.3% | 14.7% | 15.0% | 18.3% | 23.7% | 29.0% | 25.5% | 26.6% | 30.6% | 31.2% | 29.7% | 28.6% | 32.0% |
| EBITDA | $462.83M | $832.10M | $644.35M | $-184.18M | $502.54M | $881.01M | $344.20M | $431.18M | $1.08B | $1.09B | $1.39B | $2.24B | $3.58B | $2.87B | $3.02B | $4.89B | $5.71B | $5.64B | $4.91B | $6.34B |
| EBITDA margin | 28.2% | 32.4% | 26.0% | -16.5% | 23.6% | 27.2% | 12.9% | 12.0% | 23.4% | 20.8% | 23.5% | 27.9% | 32.3% | 29.8% | 30.1% | 33.4% | 33.2% | 32.4% | 32.9% | 34.4% |
| EBIT | $440.83M | $794.00M | $589.65M | $-256.60M | $431.13M | $806.26M | $243.38M | $127.07M | $785.05M | $814.53M | $1.09B | $1.93B | $3.25B | $2.56B | $2.75B | $4.58B | $5.38B | $5.30B | $4.55B | $5.96B |
| Interest expense | $1.04M | $0.00 | $12.67M | $6.50M | $994000.00 | $5.38M | $38.96M | $60.41M | $61.69M | $73.68M | $134.77M | $117.73M | $97.39M | $117.26M | $177.44M | $208.60M | $184.76M | $186.46M | $185.24M | $178.20M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $335.75M | $686.00M | $439.35M | $-302.15M | $346.67M | $723.75M | $168.72M | $113.88M | $632.29M | $655.58M | $914.05M | $1.70B | $2.38B | $2.19B | $2.25B | $3.91B | $4.61B | $4.51B | $3.83B | $5.36B |
| Net income growth (YoY) | — | +104.3% | -36.0% | -168.8% | +214.7% | +108.8% | -76.7% | -32.5% | +455.2% | +3.7% | +39.4% | +85.7% | +40.2% | -7.9% | +2.8% | +73.6% | +17.8% | -2.0% | -15.1% | +40.0% |
| Profit margin | 20.4% | 26.7% | 17.8% | -27.1% | 16.2% | 22.4% | 6.3% | 3.2% | 13.7% | 12.5% | 15.5% | 21.2% | 21.5% | 22.7% | 22.4% | 26.7% | 26.7% | 25.9% | 25.7% | 29.1% |