Friday 30 October 2026
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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.
238.94
15.45
−6.07%
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Lam Research Corporation (LRCX) revenue by segment, product and region
Where the money comes from and where it goes
| Reportable Segment | 23,233 | 100.00% |
|---|---|---|
| Gross margin | 50.47% | |
| Operating margin | 35.29% | |
| Pre-tax margin | 35.56% |
Revenue by product or service $m
| Line | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Systems revenue | 14,885 64.07% | 11,491 62.33% | 8,922 59.86% | 10,696 61.37% | 11,322 65.72% | 9,765 66.76% | 6,625 65.96% | 6,451 66.83% |
| Customer support-related revenue and other | 8,347 35.93% | 6,944 37.67% | 5,984 40.14% | 6,733 38.63% | 5,905 34.28% | 4,861 33.24% | 3,420 34.04% | 3,202 33.17% |
| Revenue | 23,233 | 18,436 | 14,905 | 17,429 | 17,227 | 14,626 | 10,045 | 9,654 |
Revenue by segment $m
| Line | FY2026 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Reportable Segment | 23,233 100.00% | 18,436 100.00% | 14,905 100.00% | 17,429 100.00% |
| Revenue | 23,233 | 18,436 | 14,905 | 17,429 |
Revenue by region $m
| Line | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| China | 7,860 33.83% | 6,205 33.66% | 6,294 42.23% | 4,463 25.61% | 5,412 31.41% | 5,138 35.13% | 3,084 30.70% | 2,161 22.39% | 1,784 16.11% | 1,023 12.77% | 1,040 17.67% | 661 12.57% | 623 13.53% | 319 8.87% | 144 5.39% | — | — | — |
| Taiwan | 5,223 22.48% | 3,445 18.69% | 1,672 11.22% | 3,478 19.96% | 2,936 17.05% | 2,118 14.48% | 1,906 18.98% | 1,596 16.54% | 1,398 12.62% | 2,096 26.15% | 1,485 25.23% | 1,084 20.62% | 1,049 22.77% | 1,027 28.52% | 468 17.56% | 767 23.69% | 704 32.99% | 208 18.64% |
| Korea | 4,505 19.39% | 4,128 22.39% | 2,874 19.28% | 3,552 20.38% | 4,037 23.44% | 3,925 26.83% | 2,391 23.81% | 2,205 22.84% | 3,833 34.60% | 2,480 30.95% | 1,057 17.96% | 1,407 26.75% | 1,127 24.47% | 604 16.78% | 894 33.53% | 757 23.37% | 539 25.28% | 240 21.50% |
| Japan | 2,171 9.34% | 1,881 10.20% | 1,460 9.80% | 1,758 10.09% | 1,625 9.43% | 1,364 9.33% | 955 9.50% | 1,970 20.41% | 1,883 17.00% | 1,042 13.00% | 984 16.71% | 624 11.86% | 634 13.76% | 368 10.23% | 308 11.56% | 405 12.52% | 319 14.93% | 234 20.98% |
| United States | 1,529 6.58% | 1,377 7.47% | 1,104 7.41% | 1,665 9.55% | 1,147 6.66% | 673 4.60% | 812 8.09% | 749 7.75% | 820 7.41% | 630 7.86% | 495 8.41% | 891 16.94% | 622 13.50% | 734 20.40% | 459 17.20% | 393 12.14% | 186 8.72% | 171 15.36% |
| Southeast Asia | 1,246 5.36% | 837 4.54% | 794 5.33% | 1,354 7.77% | 1,358 7.88% | 945 6.46% | 588 5.85% | 616 6.38% | 781 7.05% | 402 5.01% | 605 10.28% | 278 5.29% | 247 5.37% | 254 7.07% | 149 5.60% | — | — | — |
| Europe | 699 3.01% | 563 3.05% | 707 4.74% | 1,158 6.65% | 712 4.13% | 463 3.17% | 308 3.07% | 356 3.69% | 577 5.21% | 341 4.25% | 219 3.73% | 315 5.98% | 304 6.59% | 292 8.13% | 244 9.16% | 423 13.07% | 134 6.27% | 121 10.86% |
| Asia Pacific | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 493 15.21% | 252 11.82% | 141 12.67% |
| Revenue | 23,233 | 18,436 | 14,905 | 17,429 | 17,227 | 14,626 | 10,045 | 9,654 | 11,077 | 8,014 | 5,886 | 5,259 | 4,607 | 3,599 | 2,665 | 3,238 | 2,134 | 1,116 |
Operating figures as reported in each quarter’s results release or filing
| Figure | Quarter | Latest | A year before | Change |
|---|---|---|---|---|
| Estimated future revenue from shipments to customers in Japan | Q1 FY2027 | $468.3M | — | — |
| Remaining performance obligations | Q1 FY2027 | $2.7B | $2.8B | −3.90% |