stockrowLam 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
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Lam Research Corporation (LRCX) Operating margin
Lam Research Corporation's operating margin over the twelve months to 30 September 2026 was 37.0%, up 1.7 percentage points from fiscal 2026 (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 12.0% and above the Technology sector median of 0.02%.
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) |
|---|---|---|
| Sep 2026 | 40.0% | 2.56 |
| Jun 2026 | 37.4% | 2.35 |
| Mar 2026 | 35.0% | 1.17 |
| Dec 2025 | 33.9% | (0.48) |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| KLAC KLA Corporation compare | 42.6% |
| ASML ASML Holding N.V. compare | 38.6% |
| LRCX Lam Research Corporation | 37.0% |
| TER Teradyne, Inc. compare | 32.1% |
| AMAT Applied Materials, Inc. compare | 29.6% |
| NVMI Nova Ltd. compare | 29.0% |
| Q Qnity Electronics, Inc. compare | 20.0% |
| ENTG Entegris, Inc. compare | 18.2% |
| ONTO Onto Innovation Inc. compare | 12.0% |
| Semiconductor Equipment & Materials industry median | 12.0% |
| Technology sector median | 0.02% |
| 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
- EPS (diluted)
- 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
- EV/FCF
- 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
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement