Lam Research Corp (LRCX) Financial Statements
Industry: Special Industry Machinery (Other)
In fiscal 2026, Lam Research reported revenue of $23.23B, up 26.0% from $18.44B the year before. Net income was $7.27B (a 31.3% net margin), or $5.76 per diluted share. Gross margin was 50.5% and operating margin was 35.3%. Operating activities generated $5.86B of cash, leaving $4.89B of free cash flow. At fiscal year end, Lam Research held $23.53B in total assets against $11.06B in total liabilities, including $5.58B of cash and equivalents.
Open the full interactive Lam Research financials → Quarterly statements, key ratios, valuation history and price charts.
Lam Research Key Stats
| Share Price | $301.11 |
|---|---|
| Market Cap | $379.73B |
| P/E Ratio | 52.3 |
| Dividend Yield | 0.33% |
| Revenue YoY Growth | +26.0% |
| 52-Week Range | $137.18 – $432.87 |
| Shares Outstanding | 1.26 billion (basic, 2026 Q4) |
Lam Research Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $14.63B | $17.23B | $17.43B | $14.91B | $18.44B | $23.23B |
| Cost of Goods Sold | $7.82B | $9.36B | $9.65B | $7.85B | $9.46B | $11.51B |
| Gross Profit | $6.81B | $7.87B | $7.78B | $7.05B | $8.98B | $11.73B |
| Operating Income | $4.48B | $5.38B | $5.17B | $4.26B | $5.90B | $8.20B |
| Pre-Tax Income | $4.37B | $5.19B | $5.11B | $4.36B | $5.96B | $8.26B |
| Income Tax | $462.3M | $587.8M | $598.3M | $532.5M | $599.9M | $997.1M |
| Net Income | $3.91B | $4.61B | $4.51B | $3.83B | $5.36B | $7.27B |
| Diluted EPS | $2.69 | $3.27 | $3.32 | $2.90 | $4.15 | $5.76 |
Lam Research Quarterly Results
| 2026 Q1 | 2026 Q2 | 2026 Q3 | 2026 Q4 | |
|---|---|---|---|---|
| Revenue | $5.32B | $5.34B | $5.84B | $6.72B |
| Net Income | $1.57B | $1.59B | $1.83B | $2.28B |
| Diluted EPS | $1.24 | $1.26 | $1.45 | $1.81 |
Lam Research Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.42B | $3.52B | $5.34B | $5.85B | $6.39B | $5.58B |
| Current Assets | $11.65B | $12.29B | $13.23B | $12.88B | $14.52B | $15.61B |
| Total Assets | $15.89B | $17.20B | $18.78B | $18.74B | $21.35B | $23.53B |
| Current Liabilities | $3.53B | $4.56B | $4.18B | $4.34B | $6.57B | $5.94B |
| Total Long-Term Debt | $4.97B | $5.01B | $4.97B | $4.97B | $4.47B | $3.73B |
| Total Liabilities | $9.86B | $10.92B | $10.57B | $10.21B | $11.48B | $11.06B |
| Shareholders' Equity | $6.03B | $6.28B | $8.21B | $8.54B | $9.86B | $12.47B |
Lam Research Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $3.59B | $3.10B | $5.18B | $4.65B | $6.17B | $5.86B |
| Cash From Investing | $73.3M | $612.3M | -$534.6M | -$370.6M | -$708.1M | -$922.2M |
| Cash From Financing | -$4.17B | -$4.58B | -$2.83B | -$4.00B | -$4.94B | -$5.72B |
| Free Cash Flow | $3.24B | $2.55B | $4.68B | $4.26B | $5.41B | $4.89B |
| Dividends Paid | $727.0M | $815.3M | $907.9M | $1.02B | $1.15B | $1.27B |
Figures from Lam Research's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Lam Research financials page for every line item.
Lam Research Company Profile
| Ticker | LRCX |
|---|---|
| Exchange | Nasdaq |
| Industry | Special Industry Machinery (Other) |
| Headquarters | Fremont, California |
| Incorporated in | Delaware |
| Fiscal Year End | June 28 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000707549 |
Frequently Asked Questions
What was Lam Research's revenue in fiscal 2026?
Lam Research (LRCX) reported revenue of $23.23B for fiscal 2026.
What is Lam Research's annual revenue history?
Lam Research's annual revenue by fiscal year: 2021: $14.63B; 2022: $17.23B; 2023: $17.43B; 2024: $14.91B; 2025: $18.44B; 2026: $23.23B.
What was Lam Research's net income in fiscal 2026?
Lam Research reported net income of $7.27B for fiscal 2026.
What was Lam Research's earnings per share (EPS) in fiscal 2026?
Lam Research's diluted EPS was $5.76 for fiscal 2026 (adjusted for any later stock splits).
How much free cash flow did Lam Research generate in fiscal 2026?
Lam Research generated $4.89B of free cash flow in fiscal 2026.
What was Lam Research's revenue last quarter?
In its most recent reported quarter (2026 Q4), Lam Research reported revenue of $6.72B.
How much debt does Lam Research have?
Lam Research reported $3.73B of long-term debt, including the current portion, at the end of fiscal 2026.
How many shares of Lam Research are outstanding?
Lam Research reported a weighted average of 1.26 billion basic shares outstanding in 2026 Q4.
What is Lam Research's market cap?
Based on its latest closing price, Lam Research (LRCX) has a market capitalization of about $379.73B.
When does Lam Research's fiscal year end?
Lam Research's fiscal year end, as registered with the SEC, is June 28.
Where is Lam Research headquartered?
Lam Research lists its business address in Fremont, California in its SEC filings.