Methodology published · Market data, model notes, and corrections process are public · Data policy · Corrections policy

NasdaqGS · Technology · Financials

Lam Research Corporation (LRCX) financial statements and cash flow.

Revenue, profitability, balance-sheet strength, and cash generation for LRCX. Market data source · as of 2026-03-29 · Market data source · as of 2026-06-28.

Section freshness

Price Aug 18, 4:00 PM EDT · Statements Mar 28, 8:00 PM EDT

Financial read

LRCX latest financial snapshot.

Start with the latest reported values below. Deeper quarterly and annual statement tables follow when supplied.

Revenue

$5.84B

+33.5% YoY

Net income

$1.83B

+14.5% QoQ

Gross margin

49.83%

Gross profit $2.91B

Net margin

31.25%

Operating margin 35.04%

Balance sheet coverage

LRCX balance sheet summary

Assets, liabilities, liquidity, debt, and equity sit beside income and cash-flow tables so the statement history reads as one model-ready dataset.

20 quarterly · 4 annual rows · Market data source · as of 2026-06-28

Open balance sheet table

Latest period

Q2 FY2026

20 quarterly · 4 annual rows

Assets / liabilities

$23.53B

Liabilities $11.06B

Cash / debt

$5.58B

Net cash $1.86B

Equity / working capital

$12.47B

Working capital $9.67B

Financial statements

LRCX statement coverage.

Income statement, balance sheet, and cash-flow figures for LRCX, with quarterly and annual history in the tables below.

Data last updated

Mar 28, 2026

Income periods

Balance-sheet periods

Cash-flow periods

Quarterly and annual LRCX statements, sourced from Market data source · as of 2026-03-29 · Market data source · as of 2026-06-28.

Financial statement period

LRCX statement history

Market data source · as of 2026-03-29 · Market data source · as of 2026-06-28 · Data last updated: Mar 28, 2026

ProfitabilityIncome statementRevenue, expenses, margins, and income quality20 quarterly periods Capital structureBalance sheetAssets, liabilities, debt, equity, and share count20 quarterly periods Cash generationCash flowOperating cash flow, CapEx, FCF, buybacks, and dividends20 quarterly periods

Income statement

Quarterly and annual rows for revenue, operating leverage, earnings quality, and margin direction.

8 / 20 Quarterly

Period	Revenue	Gross profit	Operating income	Net income	Net margin	Revenue QoQ	Net income QoQ
Q1 FY2026	$5.84B	$2.91B	$2.05B	$1.83B	31.25%	+9.3%	+14.5%
Q4 FY2025	$5.34B	$2.65B	$1.81B	$1.59B	29.82%	+0.4%	+1.6%
Q3 FY2025	$5.32B	$2.68B	$1.83B	$1.57B	29.46%	+12.8%	+17.9%
Q1 FY2025	$4.72B	$2.31B	$1.56B	$1.33B	28.19%	+7.9%	+11.7%
Q4 FY2024	$4.38B	$2.07B	$1.33B	$1.19B	27.22%	+5.0%	+6.7%
Q3 FY2024	$4.17B	$2.00B	$1.26B	$1.12B	26.79%	+9.9%	+15.6%
Q1 FY2024	$3.79B	$1.80B	$1.06B	$965.83M	25.46%	+0.9%	+1.2%
Q4 FY2023	$3.76B	$1.76B	$1.06B	$954.27M	25.39%	+7.9%	+7.5%

Balance sheet

Balance-sheet history for assets, liabilities, liquidity, debt, equity, and shares outstanding.

8 / 20 Quarterly

Period	Cash	Current assets	Current liabilities	Total assets	Total liabilities	Total debt	Total equity
Q2 FY2026	$5.58B	$15.61B	$5.94B	$23.53B	$11.06B	$3.72B	$12.47B
Q1 FY2026	$4.75B	$13.30B	$5.24B	$20.79B	$10.21B		$10.58B
Q4 FY2025	$6.18B	$14.02B	$6.21B	$21.39B	$11.25B		$10.15B
Q3 FY2025	$6.69B	$14.81B	$6.71B	$21.90B	$11.71B		$10.19B
Q2 FY2025	$6.39B	$14.52B	$6.57B	$21.35B	$11.48B	$3.72B	$9.86B
Q1 FY2025	$5.45B	$13.46B	$5.49B	$19.97B	$10.46B		$9.51B
Q4 FY2024	$5.67B	$13.61B	$5.35B	$19.84B	$11.03B		$8.81B
Q3 FY2024	$6.07B	$13.49B	$5.34B	$19.53B	$11.06B		$8.47B

Cash flow

Operating cash generation, capital expenditure, free cash flow, buybacks, dividends, and cash movement.

8 / 20 Quarterly

Period	Operating cash flow	CapEx	Free cash flow	Net income	Stock comp	Debt issuance	Dividends paid	Buybacks	Change in cash	FCF QoQ
Q1 FY2026				$1.83B
Q4 FY2025				$1.59B
Q3 FY2025				$1.57B
Q1 FY2025				$1.33B
Q4 FY2024				$1.19B
Q3 FY2024				$1.12B
Q1 FY2024				$965.83M
Q4 FY2023				$954.27M

Valuation and returns

Enterprise value: $408.48B; TECHi computed

Return on equity: 50.67%; Market data source

Return on assets: 26.85%; Market data source

Debt / equity: 0.30; Current ratio 2.63

Ratio values use provider-attributed fields when available and otherwise fall back to TECHi statement math from the visible rows on this page.

Annual revenue and income multiples

Annual sales and income multiple reads use the latest annual statement when available, then fall back to trailing-twelve-month statement math from the visible quarterly rows.

Annual revenue base: $21.23B; TTM statement fallback

Annual income base: $6.32B; TTM statement fallback

Market cap / annual revenue: 19.33; Live market value divided by annual revenue

Market cap / annual income: 64.94; Live market value divided by annual net income

Annual sales and income multiple

EV / annual revenue19.24

Market capitalization bridge

Market cap / annual revenue19.33

Market cap / annual income64.94

TTM valuation multiples

TTM revenue: $21.23B; Trailing twelve months

TTM EBIT: $7.25B; TTM operating income

Market cap / TTM revenue: 19.33; Live market value divided by trailing twelve months revenue

EV / TTM revenue: 19.24; Enterprise value divided by trailing twelve months revenue

Live market value is matched against trailing-twelve-month statement bases first so the multiple moves with the tape instead of anchoring to stale fiscal-year rows.

Profit multiples

Market cap / TTM net income64.94

EV / TTM EBIT56.36

Revenue, net income, and free cash flow

Revenue$5.84BNet income$1.83B

Q3 FY2024Q3 FY2025Q1 FY2026

Quarterly statement rows, shown on one common dollar scale so margin compression and cash conversion stand out quickly.

Efficiency

Growth vs cost pressure

Revenue growth YoY+33.5%

Debt growth YoY+0.1%

Operating expense growth YoY+16.8%

Quarterly margin heatmap

Gross margin

Q3 FY2024

48.05%

Q4 FY2024

47.37%

Q1 FY2025

49.02%

Q3 FY2025

50.43%

Q4 FY2025

49.60%

Q1 FY2026

49.83%

Operating margin

Q3 FY2024

30.33%

Q4 FY2024

30.48%

Q1 FY2025

33.09%

Q3 FY2025

34.35%

Q4 FY2025

33.87%

Q1 FY2026

35.04%

Net margin

Q3 FY2024

26.79%

Q4 FY2024

27.22%

Q1 FY2025

28.19%

Q3 FY2025

29.46%

Q4 FY2025

29.82%

Q1 FY2026

31.25%

Latest quarter expense mix

Cost of revenue$2.93B

Operating expenses$863.51M

R&D$583.20M

SG&A$280.31M

Profit bridge

EBIT$2.05B

Pretax income$2.01B

Tax expense$186.10M

Other income statement lines

Income before tax$2.01B

Income tax expense$186.10M

Balance sheet · Q2 FY2026

Cash & equivalents: $5.58B

Total debt: $3.72B

Net cash: $1.86B; Net cash position

Total equity: $12.47B

Balance sheet detail

Current assets: $15.61B

Current liabilities: $5.94B

Inventory: $4.28B

Receivables: $5.34B

Property, plant & equipment: $2.94B

Long-term debt: $3.72B

Debt and liquidity

Debt / revenuei0.18

Debt / income0.59

Cash / debt1.50

Quick ratioi1.84

Cash + short-term investments + receivables / current liabilities

Cash generation

Frequently asked

Common questions.

What financial data is available for LRCX?

The LRCX Financials page renders only the current income-statement, balance-sheet, cash-flow, or fund rows supplied for Lam Research Corporation. Missing modules and empty line items are omitted.

How current are LRCX's financial statements?

Each visible statement row keeps its reported period and provider attribution. The route redirects to the main quote when no usable financial or fund data remains.

What is Lam Research Corporation's reported net margin?

Lam Research Corporation's fresh reported margin field is 29.76%. The Financials page shows the supporting period data currently available for LRCX.