Lam ResearchLRCXEarnings & Financial Report
Lam Research Corporation is an American supplier of wafer-fabrication equipment and related services to the semiconductor industry. Its products are used primarily in front-end wafer processing, which involves the steps that create the active components of semiconductor devices and their wiring (interconnects). The company also builds equipment for back-end wafer-level packaging (WLP) and for related manufacturing markets such as for microelectromechanical systems (MEMS).
LRCX Q2 2026 Key Financial Metrics
Revenue
$5.3B
Gross Profit
$2.7B
Operating Profit
$1.8B
Net Profit
$1.6B
Gross Margin
49.6%
Operating Margin
33.9%
Net Margin
29.8%
YoY Growth
22.1%
EPS
$1.26
Financial Flow
Lam Research Q2 2026 Financial Summary
Lam Research reported revenue of $5.3B for Q2 2026, with a net profit of $1.6B (29.8% margin). Cost of goods sold was $2.7B, operating expenses totaled $841.0M.
Key Financial Metrics
| Total Revenue | $5.3B |
|---|---|
| Net Profit | $1.6B |
| Gross Margin | 49.6% |
| Operating Margin | 33.9% |
| Report Period | Q2 2026 |
Lam Research Annual Revenue by Year
Lam Research annual revenue history includes year-by-year totals (for example, 2025 revenue was $18.4B).
| Year | Annual Revenue |
|---|---|
| 2025 | $18.4B |
| 2024 | $14.9B |
| 2023 | $17.4B |
Income Statement
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.79B | $3.87B | $4.17B | $4.38B | $4.72B | $5.17B | $5.32B | $5.34B |
| YoY Growth | -2.0% | 20.7% | 19.7% | 16.4% | 24.4% | 33.6% | 27.7% | 22.1% |
Balance Sheet
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $18.28B | $18.74B | $19.53B | $19.84B | $19.97B | $21.35B | $21.90B | $21.39B |
| Liabilities | $10.26B | $10.21B | $11.06B | $11.03B | $10.46B | $11.48B | $11.71B | $11.25B |
| Equity | $8.02B | $8.54B | $8.47B | $8.81B | $9.51B | $9.86B | $10.19B | $10.15B |
Cash Flow
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $1.38B | $862.4M | $1.57B | $741.9M | $1.31B | $2.55B | $1.78B | $1.48B |
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