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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.

Revenue
+54.4%
EPS
+77.4%
Free cash flow
+103.3%
Total debt
−16.7%

Quarter to September 2026, against a year earlier

200.65 15.45 +8.34%
Market cap
$231.4B
P/E
27.9×
Fwd P/E
25.0×
Dividend yield
0.59%
F-score
8/9
Altman Z
34.22
Beneish M
−1.68
Dividend safety
88/100
Overview Business Profile Earnings & Analysis
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Lam Research Corporation (LRCX) Gross margin

Alert me on Gross margin

Lam Research Corporation's gross margin over the twelve months to 30 September 2026 was 51.1%, up 0.6 percentage points from fiscal 2026 (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 46.9% and above the Technology sector median of 46.9%.

Gross margin, annual

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Annual newest first

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 newest first

Period Gross margin Change (points)
Sep 2026 52.3% 0.55
Jun 2026 51.8% 1.92
Mar 2026 49.8% 0.23
Dec 2025 49.6% (0.83)
43 more quarters

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 61.5%
TER Teradyne, Inc. compare 59.3%
NVMI Nova Ltd. compare 57.1%
ASML ASML Holding N.V. compare 54.4%
LRCX Lam Research Corporation 51.1%
ONTO Onto Innovation Inc. compare 50.4%
AMAT Applied Materials, Inc. compare 49.4%
ENTG Entegris, Inc. compare 47.1%
Q Qnity Electronics, Inc. compare 46.9%
Semiconductor Equipment & Materials industry median 46.9%
Technology sector median 46.9%
Market median 45.1%

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

The full definition of Gross margin →

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