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Side-by-side financial comparison of Lam Research (LRCX) and PayPal (PYPL). Click either name above to swap in a different company.
PayPal is the larger business by last-quarter revenue ($8.4B vs $5.8B, roughly 1.4× Lam Research). Lam Research runs the higher net margin — 31.2% vs 13.3%, a 17.9% gap on every dollar of revenue. On growth, Lam Research posted the faster year-over-year revenue change (23.8% vs 7.0%). Over the past eight quarters, Lam Research's revenue compounded faster (22.8% CAGR vs 2.9%).
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).
PayPalPYPLEarnings & Financial Report
PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers; it serves as an electronic alternative to traditional paper methods such as checks and money orders. The company operates as a payment processor for online vendors, auction sites and many other commercial and company users.
LRCX vs PYPL — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.8B | $8.4B |
| Net Profit | $1.8B | $1.1B |
| Gross Margin | 49.8% | — |
| Operating Margin | 35.0% | 17.8% |
| Net Margin | 31.2% | 13.3% |
| Revenue YoY | 23.8% | 7.0% |
| Net Profit YoY | 37.2% | -13.5% |
| EPS (diluted) | $1.45 | $1.21 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $5.8B | $8.4B | ||
| Q4 25 | $5.3B | $8.7B | ||
| Q3 25 | $5.3B | $8.4B | ||
| Q2 25 | $5.2B | $8.3B | ||
| Q1 25 | $4.7B | $7.8B | ||
| Q4 24 | $4.4B | $8.4B | ||
| Q3 24 | $4.2B | $7.8B | ||
| Q2 24 | $3.9B | $7.9B |
| Q1 26 | $1.8B | $1.1B | ||
| Q4 25 | $1.6B | $1.4B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.7B | $1.3B | ||
| Q1 25 | $1.3B | $1.3B | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $1.1B | $1.0B | ||
| Q2 24 | $1.0B | $1.1B |
| Q1 26 | 49.8% | — | ||
| Q4 25 | 49.6% | — | ||
| Q3 25 | 50.4% | — | ||
| Q2 25 | 50.1% | — | ||
| Q1 25 | 49.0% | — | ||
| Q4 24 | 47.4% | — | ||
| Q3 24 | 48.0% | — | ||
| Q2 24 | 47.5% | — |
| Q1 26 | 35.0% | 17.8% | ||
| Q4 25 | 33.9% | 17.4% | ||
| Q3 25 | 34.4% | 18.1% | ||
| Q2 25 | 33.7% | 18.1% | ||
| Q1 25 | 33.1% | 19.6% | ||
| Q4 24 | 30.5% | 17.2% | ||
| Q3 24 | 30.3% | 17.7% | ||
| Q2 24 | 29.1% | 16.8% |
| Q1 26 | 31.2% | 13.3% | ||
| Q4 25 | 29.8% | 16.6% | ||
| Q3 25 | 29.5% | 14.8% | ||
| Q2 25 | 33.3% | 15.2% | ||
| Q1 25 | 28.2% | 16.5% | ||
| Q4 24 | 27.2% | 13.4% | ||
| Q3 24 | 26.8% | 12.9% | ||
| Q2 24 | 26.4% | 14.3% |
| Q1 26 | $1.45 | $1.21 | ||
| Q4 25 | $1.26 | $1.53 | ||
| Q3 25 | $1.24 | $1.30 | ||
| Q2 25 | $1.34 | $1.29 | ||
| Q1 25 | $1.03 | $1.29 | ||
| Q4 24 | $0.92 | $1.09 | ||
| Q3 24 | $0.86 | $0.99 | ||
| Q2 24 | $7.78 | $1.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.8B | $9.3B |
| Total DebtLower is stronger | — | $9.4B |
| Stockholders' EquityBook value | — | $20.0B |
| Total Assets | $20.8B | $80.5B |
| Debt / EquityLower = less leverage | — | 0.47× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $4.8B | $9.3B | ||
| Q4 25 | $6.2B | $10.4B | ||
| Q3 25 | $6.7B | $10.8B | ||
| Q2 25 | $6.4B | $10.0B | ||
| Q1 25 | $5.5B | $11.2B | ||
| Q4 24 | $5.7B | $10.8B | ||
| Q3 24 | $6.1B | $11.9B | ||
| Q2 24 | $5.8B | $13.6B |
| Q1 26 | — | $9.4B | ||
| Q4 25 | $3.7B | — | ||
| Q3 25 | $3.7B | — | ||
| Q2 25 | $3.7B | — | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.5B | — | ||
| Q2 24 | $4.5B | — |
| Q1 26 | — | $20.0B | ||
| Q4 25 | $10.1B | $20.3B | ||
| Q3 25 | $10.2B | $20.2B | ||
| Q2 25 | $9.9B | $20.2B | ||
| Q1 25 | $9.5B | $20.3B | ||
| Q4 24 | $8.8B | $20.4B | ||
| Q3 24 | $8.5B | $20.2B | ||
| Q2 24 | $8.5B | $20.6B |
| Q1 26 | $20.8B | $80.5B | ||
| Q4 25 | $21.4B | $80.2B | ||
| Q3 25 | $21.9B | $79.8B | ||
| Q2 25 | $21.3B | $79.8B | ||
| Q1 25 | $20.0B | $81.3B | ||
| Q4 24 | $19.8B | $81.6B | ||
| Q3 24 | $19.5B | $83.5B | ||
| Q2 24 | $18.7B | $84.0B |
| Q1 26 | — | 0.47× | ||
| Q4 25 | 0.37× | — | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | 0.38× | — | ||
| Q1 25 | 0.39× | — | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | 0.53× | — | ||
| Q2 24 | 0.52× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.1B | $1.1B |
| Free Cash FlowOCF − Capex | — | $903.0M |
| FCF MarginFCF / Revenue | — | 10.8% |
| Capex IntensityCapex / Revenue | 5.7% | — |
| Cash ConversionOCF / Net Profit | 0.63× | 1.02× |
| TTM Free Cash FlowTrailing 4 quarters | — | $5.5B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.1B | $1.1B | ||
| Q4 25 | $1.5B | $2.4B | ||
| Q3 25 | $1.8B | $2.0B | ||
| Q2 25 | $2.6B | $898.0M | ||
| Q1 25 | $1.3B | $1.2B | ||
| Q4 24 | $741.9M | $2.4B | ||
| Q3 24 | $1.6B | $1.6B | ||
| Q2 24 | $862.4M | $1.5B |
| Q1 26 | — | $903.0M | ||
| Q4 25 | $1.2B | $2.2B | ||
| Q3 25 | $1.6B | $1.7B | ||
| Q2 25 | $2.4B | $692.0M | ||
| Q1 25 | $1.0B | $964.0M | ||
| Q4 24 | $553.6M | $2.2B | ||
| Q3 24 | $1.5B | $1.4B | ||
| Q2 24 | $761.7M | $1.4B |
| Q1 26 | — | 10.8% | ||
| Q4 25 | 22.8% | 25.2% | ||
| Q3 25 | 29.9% | 20.4% | ||
| Q2 25 | 46.1% | 8.3% | ||
| Q1 25 | 21.6% | 12.4% | ||
| Q4 24 | 12.7% | 26.2% | ||
| Q3 24 | 35.0% | 18.4% | ||
| Q2 24 | 19.7% | 17.3% |
| Q1 26 | 5.7% | — | ||
| Q4 25 | 4.9% | 2.2% | ||
| Q3 25 | 3.5% | 3.0% | ||
| Q2 25 | 3.3% | 2.5% | ||
| Q1 25 | 6.1% | 2.5% | ||
| Q4 24 | 4.3% | 2.4% | ||
| Q3 24 | 2.7% | 2.2% | ||
| Q2 24 | 2.6% | 2.0% |
| Q1 26 | 0.63× | 1.02× | ||
| Q4 25 | 0.93× | 1.66× | ||
| Q3 25 | 1.13× | 1.58× | ||
| Q2 25 | 1.48× | 0.71× | ||
| Q1 25 | 0.98× | 0.90× | ||
| Q4 24 | 0.62× | 2.14× | ||
| Q3 24 | 1.40× | 1.60× | ||
| Q2 24 | 0.85× | 1.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LRCX
Segment breakdown not available.
PYPL
| Transaction revenues | $7.5B | 90% |
| Revenues from other value added services | $852.0M | 10% |
