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) 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 0.08%.
Operating margin, annual
Annual
| 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
| 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 | Free account |
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 | 35.4% |
| 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 | 0.08% |
| 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
More on LRCX
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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