Lam Research Corporation

LRCXNASDAQ

$226.29

Last price · USD

Multiples use last price and FY2026 annual figures. Market cap estimated from diluted shares.

Lam Research Corporation income statement

Annual · USD millions except per-share data · 26 lines

Fiscal year	2026latest	2025	2024	2023	2022	CAGR
Revenue & gross profit
Revenue	23,233	18,436	14,905	17,427	17,227	+7.8%
Cost of revenue	11,507	9,457	7,853	9,652	9,355	+5.3%
Gross profit	11,725	8,979	7,053	7,777	7,872	+10.5%
Operating expenses & income
Research & development	2,376	2,096	1,902	1,727	1,604	+10.3%
SG&A (combined)	1,150	982	868	833	886	+6.7%
Total operating expenses	3,526	3,078	2,789	2,602	2,490	+9.1%
Cost and expenses	15,033	12,535	10,641	12,254	11,845	+6.1%
Operating income	8,200	5,901	4,264	5,175	5,382	+11.1%
Non-operating & other
Interest income	0	231	252	139	15	—
Interest expense	0	178	185	186	185	—
Net interest income	0	53	67	(47)	(170)	—
Non-operating income (excl. interest)	(63)	(57)	(282)	(121)	4	—
Other expenses	0	0	18	42	0	—
Total other income (expenses), net	63	57	96	(66)	(189)	—
Profitability
Depreciation & amortization	442	386	360	342	334	+7.2%
Income before tax	8,262	5,958	4,360	5,109	5,193	+12.3%
Income tax expense	997	600	532	598	588	+14.1%
Net income from continuing operations	7,265	5,358	3,828	4,511	4,605	+12.1%
Net income	7,265	5,358	3,828	4,511	4,605	+12.1%
Bottom line net income	7,265	5,358	3,828	4,511	4,605	+12.1%
Additional fields
Ebit	8,262	5,958	4,545	5,296	5,378	+11.3%
Ebitda	8,704	6,344	4,905	5,638	5,712	+11.1%
Eps	$5.79	$4.17	$2.91	$3.33	$3.29	+15.2%
Eps Diluted	$5.76	$4.15	$2.90	$3.32	$3.27	+15.2%
Weighted Average Shs Out	1,255	1,286	1,314	1,355	1,399	-2.7%
Weighted Average Shs Out Dil	1,261	1,290	1,320	1,358	1,406	-2.7%