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Lam Research

LRCX Information Technology Market cap $318B as of Oct 29, 2026 16:00 ET S&P 500

Q1 FY27 Jun 29 – Sep 27, 2026 reported Oct 22, 2026

Revenue$8.22B +54% year over year

Gross profit$4.30B 52% margin

Operating profit$3.28B 40% margin

Net profit$2.75B 33% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q1 FY27 (period ends Sep 27, 2026).
Item	Value	Share of revenue	Year over year
Revenue	8.22	100%	+54%
Cost of revenue	−3.92	48%
Gross profit	4.30	52% margin	+2pp
R&D	−0.67	8%	−3pp
SG&A	−0.35	4%	−1pp
Operating profit	3.28	40% margin	+6pp
Tax	−0.53
Net profit	2.75	33% margin	+4pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY26 (period ends Jun 28, 2026).
Item	Value	Share of revenue	Year over year
Revenue	6.72	100%	+30%
System	4.25	63%	+24%
Customer support & other	2.47	37%	+43%
Cost of revenue	−3.24	48%
Gross profit	3.48	52% margin	+2pp
R&D	−0.64	9%	−2pp
SG&A	−0.32	5%	+0pp
Operating profit	2.51	37% margin	+4pp
Other income, net	0.04
Tax	−0.28
Net profit	2.28	34% margin	+1pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

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	5.84	100%	+24%
System	3.73	64%	+23%
Customer support & other	2.11	36%	+25%
Cost of revenue	−2.93	50%
Gross profit	2.91	50% margin	+1pp
R&D	−0.58	10%	−1pp
SG&A	−0.28	5%	+0pp
Operating profit	2.05	35% margin	+2pp
Interest & other costs	−0.04
Tax	−0.19
Net profit	1.83	31% margin	+3pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

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	5.35	100%	+22%
System	3.36	63%	+28%
Customer support & other	1.99	37%	+14%
Cost of revenue	−2.69	50%
Gross profit	2.65	50% margin	+2pp
R&D	−0.57	11%	−1pp
SG&A	−0.27	5%	−1pp
Operating profit	1.81	34% margin	+3pp
Tax	−0.22
Net profit	1.59	30% margin	+3pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

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	5.32	100%	+28%
System	3.55	67%	+48%
Customer support & other	1.78	33%	+0%
Cost of revenue	−2.64	50%
Gross profit	2.69	50% margin	+2pp
R&D	−0.58	11%	−1pp
SG&A	−0.28	5%	−1pp
Operating profit	1.83	34% margin	+4pp
Other income, net	0.03
Tax	−0.29
Net profit	1.57	29% margin	+3pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Jun 29, 2025).
Item	Value	Share of revenue	Year over year
Revenue	5.17	100%	+34%
System	3.44	66%	+58%
Customer support & other	1.73	34%	+2%
Cost of revenue	−2.58	50%
Gross profit	2.59	50% margin	+3pp
R&D	−0.58	11%	−2pp
SG&A	−0.27	5%	+0pp
Operating profit	1.74	34% margin	+5pp
Other income, net	0.04
Tax	−0.06
Net profit	1.72	33% margin	+7pp

Filing on EDGAR This quarter on its own page

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	4.72	100%	+24%
System	3.04	64%	+27%
Customer support & other	1.69	36%	+21%
Cost of revenue	−2.41	51%
Gross profit	2.31	49% margin	+2pp
R&D	−0.53	11%	−2pp
SG&A	−0.23	5%	−1pp
Operating profit	1.56	33% margin	+5pp
Interest & other costs	−0.03
Tax	−0.21
Net profit	1.33	28% margin	+3pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

The balance sheet, capital flow, debt schedule and capital structure open with a free account.

Quarter by quarter

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q1 FY27 Jun 29 – Sep 27, 2026 reported Oct 22, 2026 Operating margin 40% Net profit $2.75B	Jun 29 – Sep 27, 2026	Oct 22, 2026	$8.22B	+54%	40%	$2.75B	33%
Q4 FY26 Mar 30 – Jun 28, 2026 reported Aug 7, 2026 Operating margin 37% Net profit $2.28B	Mar 30 – Jun 28, 2026	Aug 7, 2026	$6.72B	+30%	37%	$2.28B	34%
Q3 FY26 Dec 29, 2025 – Mar 29, 2026 reported Apr 23, 2026 Operating margin 35% Net profit $1.83B	Dec 29, 2025 – Mar 29, 2026	Apr 23, 2026	$5.84B	+24%	35%	$1.83B	31%
Q2 FY26 Sep 29 – Dec 28, 2025 reported Jan 29, 2026 Operating margin 34% Net profit $1.59B	Sep 29 – Dec 28, 2025	Jan 29, 2026	$5.35B	+22%	34%	$1.59B	30%
Q1 FY26 Jun 30 – Sep 28, 2025 reported Oct 24, 2025 Operating margin 34% Net profit $1.57B	Jun 30 – Sep 28, 2025	Oct 24, 2025	$5.32B	+28%	34%	$1.57B	29%
Q4 FY25 Mar 31 – Jun 29, 2025 reported Aug 11, 2025 Operating margin 34% Net profit $1.72B	Mar 31 – Jun 29, 2025	Aug 11, 2025	$5.17B	+34%	34%	$1.72B	33%
Q3 FY25 Dec 30, 2024 – Mar 30, 2025 reported Apr 25, 2025 Operating margin 33% Net profit $1.33B	Dec 30, 2024 – Mar 30, 2025	Apr 25, 2025	$4.72B	+24%	33%	$1.33B	28%