Lam Research

LRCX · Information Technology · Market cap $373B

Q3 FY26 Mar 29, 2026 reported Apr 23, 2026

Revenue$5.8B +24% year over year

Gross profit$2.9B

Operating profit$2B

Net profit$1.8B 31% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q3 FY26 (period ends Mar 29, 2026).
Item	Value	Share of revenue	Year over year
Revenue	5.8	100%	+24%
System	3.7	64%	+23%
Customer Support and Other	2.1	36%	+25%
Cost of revenue	−2.9	50%
Gross profit	2.9	50% margin	+1pp
Research & development	−0.6	10%	−1pp
SG&A	−0.3	5%	+0pp
Operating profit	2	35% margin	+2pp
Tax	−0.2
Net profit	1.8	31%	+3pp

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Dec 28, 2025).
Item	Value	Share of revenue	Year over year
Revenue	5.3	100%	+22%
System	3.4	64%	+28%
Customer Support and Other	2	38%	+14%
Cost of revenue	−2.7	51%
Gross profit	2.7	50% margin	+2pp
Research & development	−0.6	11%	−1pp
SG&A	−0.3	5%	−1pp
Operating profit	1.8	34% margin	+3pp
Tax	−0.2
Net profit	1.6	30%	+3pp

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Sep 28, 2025).
Item	Value	Share of revenue	Year over year
Revenue	5.3	100%	+28%
System	3.5	66%	+48%
Customer Support and Other	1.8	34%	+0%
Cost of revenue	−2.6	49%
Gross profit	2.7	50% margin	+2pp
Research & development	−0.6	11%	−1pp
SG&A	−0.3	5%	−1pp
Operating profit	1.8	34% margin	+4pp
Tax	−0.2
Net profit	1.6	29%	+3pp

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Mar 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	4.7	100%	+24%
System	3	64%	+27%
Customer Support and Other	1.7	36%	+21%
Cost of revenue	−2.4	51%
Gross profit	2.3	49% margin	+2pp
Research & development	−0.6	11%	−2pp
SG&A	−0.2	5%	−1pp
Operating profit	1.6	33% margin	+5pp
Tax	−0.3
Net profit	1.3	28%	+3pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q3 FY26	Mar 29, 2026	Apr 23, 2026	$5.8B	+24%	34%	$1.8B	31%
Q2 FY26	Sep 29 – Dec 28, 2025	Jan 29, 2026	$5.3B	+22%	34%	$1.6B	30%
Q1 FY26	Jun 30 – Sep 28, 2025	Oct 24, 2025	$5.3B	+28%	34%	$1.6B	29%
Q3 FY25	Dec 30, 2024 – Mar 30, 2025	Apr 25, 2025	$4.7B	+24%	34%	$1.3B	28%