Lam Research Q4 FY25: where the revenue came from and where it went
The whole income statement of Lam Research for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Mar 31 – Jun 29, 2025
- Reported
- Aug 11, 2025
Revenue$5.17B
+34% year over year
Gross profit$2.59B
50% margin
Operating profit$1.74B
34% margin
Net profit$1.72B
33% margin
The numbers
| 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 |
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