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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. 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.

263.94 13.52 −4.87%
Market cap
$347.2B
P/E
45.6×
Fwd P/E
38.3×
Dividend yield
0.42%
F-score
8/9
Altman Z
34.22
Beneish M
−1.68
Dividend safety
88/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Lam Research Corporation (LRCX) Gross margin

Alert me on 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

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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)
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

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 54.4%
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 46.2%

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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