Lam Research Corporation LRCX
315.21
8.05
2.62%
as of 25 Sep
- Market cap
- $390.4B
- P/E
- 54.4×
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Lam Research Corporation (LRCX) Gross margin
Lam Research Corporation's gross margin over the twelve months to 30 June 2026 was 50.5%. Over the past ten years it has ranged from 43.4% (fiscal 2015) to 50.5% (fiscal 2026) — the current reading is the highest in ten years. That is above the Semiconductor Equipment & Materials industry median of 44.0% and above the Technology sector median of 47.2%.
Gross margin, annual
Annual
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2026 | 50.5% | 1.76 |
| FY2025 | 48.7% | 1.39 |
| FY2024 | 47.3% | 2.70 |
| FY2023 | 44.6% | (1.07) |
| FY2022 | 45.7% | (0.84) |
| FY2021 | 46.5% | 0.65 |
| FY2020 | 45.9% | 0.73 |
| FY2019 | 45.2% | (1.48) |
| FY2018 | 46.6% | 1.66 |
| FY2017 | 45.0% | 0.48 |
Quarterly
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 51.8% | 1.92 |
| Mar 2026 | 49.8% | 0.23 |
| Dec 2025 | 49.6% | (0.83) |
| Sep 2025 | 50.4% | 0.35 |
| 42 more quarters | Free account |
Against its own ten years
Low 43.4%
High 50.5%
Ten-year median
45.8%
Current reading's percentile
100
Gross margin against peers
| Company | Gross margin |
|---|---|
| KLAC KLA Corporation compare | 61.3% |
| TER Teradyne, Inc. compare | 59.2% |
| ASML ASML Holding N.V. compare | 52.8% |
| LRCX Lam Research Corporation | 50.5% |
| ONTO Onto Innovation Inc. compare | 50.4% |
| AMAT Applied Materials, Inc. compare | 49.4% |
| Q Qnity Electronics, Inc. compare | 46.2% |
| ENTG Entegris, Inc. compare | 45.5% |
| AMKR Amkor Technology, Inc. compare | 15.5% |
| Semiconductor Equipment & Materials industry median | 44.0% |
| Technology sector median | 47.2% |
| Market median | 46.3% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on LRCX
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- 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
- The full statement