Lam Research Corporation LRCX

315.21 8.05 2.62% as of 25 Sep
Market cap
$390.4B
P/E
54.4×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

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

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

The full definition of Gross margin →

More on LRCX