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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) Operating margin

Alert me on Operating margin

Lam Research Corporation's operating margin over the twelve months to 30 June 2026 was 35.3%. Over the past ten years it has ranged from 15.0% (fiscal 2015) to 35.3% (fiscal 2026) — the current reading is the highest in ten years. That is above the Semiconductor Equipment & Materials industry median of 10.3% and above the Technology sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2026 35.3% 3.28
FY2025 32.0% 3.40
FY2024 28.6% (1.08)
FY2023 29.7% (1.55)
FY2022 31.2% 0.60
FY2021 30.6% 4.02
FY2020 26.6% 1.09
FY2019 25.5% (3.48)
FY2018 29.0% 5.27
FY2017 23.7% 5.49

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 37.4% 2.35
Mar 2026 35.0% 1.17
Dec 2025 33.9% (0.48)
Sep 2025 34.4% 0.68
42 more quarters

Against its own ten years

Low 15.0% High 35.3%
Ten-year median 28.8%
Current reading's percentile 100

Operating margin against peers

Company Operating margin
KLAC KLA Corporation compare 41.7%
ASML ASML Holding N.V. compare 38.6%
LRCX Lam Research Corporation 35.3%
TER Teradyne, Inc. compare 30.2%
AMAT Applied Materials, Inc. compare 29.6%
Q Qnity Electronics, Inc. compare 19.9%
ENTG Entegris, Inc. compare 16.1%
ONTO Onto Innovation Inc. compare 12.0%
AMKR Amkor Technology, Inc. compare 8.64%
Semiconductor Equipment & Materials industry median 10.3%
Technology sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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