Lam Research Corporation
LRCX Technology Semiconductor Equipment & Materials
Lam Research Corporation’s revenue for fiscal 2026 (year ended June 2026) was $23.2 billion, up 26.0% from fiscal 2025. In the quarter to June 2026, revenue grew 30.0%, EPS grew 34.8%, free cash flow fell 46.8% and total debt fell 16.7%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for three consecutive years.
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Lam Research Corporation (LRCX) Free cash flow margin
Lam Research Corporation's free cash flow margin over the twelve months to 30 June 2026 was 21.1%. Over the past ten years it has ranged from 11.2% (fiscal 2015) to 29.8% (fiscal 2019); the current reading is higher than 33% of that period. That is above the Semiconductor Equipment & Materials industry median of 6.77% and above the Technology sector median of 1.72%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2026 | 21.1% | (8.32) |
| FY2025 | 29.4% | 0.82 |
| FY2024 | 28.6% | 1.71 |
| FY2023 | 26.8% | 12.02 |
| FY2022 | 14.8% | (7.33) |
| FY2021 | 22.2% | 3.00 |
| FY2020 | 19.2% | (10.61) |
| FY2019 | 29.8% | 8.25 |
| FY2018 | 21.5% | (1.86) |
| FY2017 | 23.4% | 2.05 |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| ASML ASML Holding N.V. compare | 52.3% |
| KLAC KLA Corporation compare | 27.7% |
| ONTO Onto Innovation Inc. compare | 22.5% |
| LRCX Lam Research Corporation | 21.1% |
| AMAT Applied Materials, Inc. compare | 18.3% |
| TER Teradyne, Inc. compare | 17.9% |
| ENTG Entegris, Inc. compare | 17.3% |
| Q Qnity Electronics, Inc. compare | 16.0% |
| AMKR Amkor Technology, Inc. compare | −0.42% |
| Semiconductor Equipment & Materials industry median | 6.77% |
| Technology sector median | 1.72% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on LRCX
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement