FINHUB Insights

LRCX · Q2 FY26 · Sep 29 – Dec 28, 2025

Lam Research Q2 FY26: where the revenue came from and where it went

Lam Research Q2 FY26: revenue $5.3B (+22% year over year). Net profit $1.6B. Largest cohort System $3.4B. The whole income statement as a sankey diagram from the SEC filing.

Period
Sep 29 – Dec 28, 2025
Reported
Jan 29, 2026 10-Q
Sankey diagram of Lam Research's income statement for Q2 FY26: revenue of $5.3 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$5.3B +22% year over year
Gross profit$2.7B 50% margin
Operating profit$1.8B 34% margin
Net profit$1.6B 30% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Dec 28, 2025).
ItemValueShare of revenueYear over year
Revenue 5.3 100% +22%
System 3.4 64% +28%
Customer Support and Other 2 38% +14%
Cost of revenue−2.751%
Gross profit2.750% margin+2pp
Research & development−0.611%−1pp
SG&A−0.35%−1pp
Operating profit1.834% margin+3pp
Tax−0.2
Net profit1.630%+3pp
Filing on EDGAR More quarters of LRCX

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters