Lam Research Corporation (LRCX) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 5.84B | 5.34B | 5.32B | 5.17B | 4.72B | 4.38B | 4.17B | 3.87B | 3.79B | 3.76B | 3.48B | 3.21B | 3.87B | 5.28B | 5.07B | 4.64B | 4.06B | 4.23B | 4.3B | 4.15B |
| Revenue Growth % | 23.76% | 22.14% | 27.74% | 33.58% | 24.43% | 16.44% | 19.7% | 20.71% | -1.96% | -28.79% | -31.38% | -30.81% | -4.7% | 24.87% | 17.88% | 11.83% | 5.53% | 22.29% | 35.48% | 48.47% |
| Cost of Goods Sold | 2.93B | 2.69B | 2.64B | 2.58B | 2.41B | 2.3B | 2.17B | 2.03B | 1.99B | 2B | 1.83B | 1.75B | 2.26B | 2.9B | 2.74B | 2.54B | 2.24B | 2.25B | 2.33B | 2.23B |
| COGS % of Revenue | 50.17% | 50.4% | 49.57% | 49.92% | 50.98% | 52.63% | 51.95% | 52.47% | 52.54% | 53.24% | 52.48% | 54.54% | 58.51% | 54.97% | 53.95% | 54.69% | 55.26% | 53.2% | 54.08% | 53.8% |
| Gross Profit | 2.91B | 2.65B | 2.68B | 2.59B | 2.31B | 2.07B | 2B | 1.84B | 1.8B | 1.76B | 1.65B | 1.46B | 1.61B | 2.38B | 2.34B | 2.1B | 1.82B | 1.98B | 1.98B | 1.92B |
| Gross Margin % | 49.83% | 49.6% | 50.43% | 50.08% | 49.02% | 47.37% | 48.05% | 47.53% | 47.46% | 46.76% | 47.52% | 45.46% | 41.49% | 45.03% | 46.05% | 45.31% | 44.74% | 46.8% | 45.92% | 46.2% |
| Gross Profit Growth % | 25.8% | 27.89% | 34.06% | 40.74% | 28.5% | 17.95% | 21.03% | 26.2% | 12.14% | -26.04% | -29.19% | -30.58% | -11.62% | 20.14% | 18.22% | 9.68% | 2.05% | 23.33% | 31.24% | 49.59% |
| Operating Expenses | 863.51M | 840.96M | 855.79M | 848.58M | 751.93M | 739.1M | 738.49M | 713.54M | 743.42M | 700.24M | 631.67M | 603.52M | 663.36M | 696.19M | 639M | 621.16M | 624.53M | 639.78M | 604.52M | 599.27M |
| OpEx % of Revenue | 14.78% | 15.73% | 16.07% | 16.41% | 15.93% | 16.89% | 17.72% | 18.43% | 19.6% | 18.63% | 18.14% | 18.82% | 17.14% | 13.19% | 12.59% | 13.4% | 15.38% | 15.14% | 14.04% | 14.46% |
| Selling, General & Admin | 280.31M | 267.65M | 279.35M | 268.4M | 226.02M | 244.15M | 243.13M | 217.25M | 215.13M | 228.84M | 207.02M | 199.83M | 193.5M | 233.8M | 205.62M | 208.64M | 217.41M | 236.13M | 222.19M | 217.53M |
| SG&A % of Revenue | 4.8% | 5.01% | 5.25% | 5.19% | 4.79% | 5.58% | 5.83% | 5.61% | 5.67% | 6.09% | 5.95% | 6.23% | 5% | 4.43% | 4.05% | 4.5% | 5.35% | 5.59% | 5.16% | 5.25% |
| Research & Development | 583.2M | 573.3M | 576.45M | 580.18M | 525.9M | 494.95M | 495.36M | 497.83M | 512.27M | 469.71M | 422.63M | 401.95M | 429.45M | 462.38M | 433.38M | 411.15M | 407.12M | 403.64M | 382.33M | 381.75M |
| R&D % of Revenue | 9.98% | 10.73% | 10.83% | 11.22% | 11.14% | 11.31% | 11.88% | 12.86% | 13.5% | 12.5% | 12.14% | 12.53% | 11.1% | 8.76% | 8.54% | 8.87% | 10.03% | 9.55% | 8.88% | 9.21% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 1000K | 0 | 0 | 0 | 0 |
| Operating Income | 2.05B | 1.81B | 1.83B | 1.74B | 1.56B | 1.33B | 1.26B | 1.13B | 1.06B | 1.06B | 1.02B | 854.61M | 942.25M | 1.68B | 1.7B | 1.48B | 1.19B | 1.34B | 1.37B | 1.32B |
| Operating Margin % | 35.04% | 33.87% | 34.35% | 33.67% | 33.09% | 30.48% | 30.33% | 29.1% | 27.87% | 28.13% | 29.38% | 26.65% | 24.35% | 31.84% | 33.46% | 31.91% | 29.36% | 31.66% | 31.88% | 31.75% |
| Operating Income Growth % | 31.07% | 35.71% | 44.68% | 54.55% | 47.74% | 26.17% | 23.57% | 31.82% | 12.19% | -37.08% | -39.75% | -42.23% | -20.96% | 25.56% | 23.73% | 12.42% | -0.27% | 32.53% | 42.78% | 74.13% |
| EBITDA | 2.16B | 1.91B | 1.93B | 1.84B | 1.66B | 1.43B | 1.36B | 1.21B | 1.15B | 1.15B | 1.11B | 944.21M | 1.03B | 1.77B | 1.77B | 1.57B | 1.28B | 1.42B | 1.45B | 1.39B |
| EBITDA Margin % | 37.03% | 35.81% | 36.26% | 35.57% | 35.15% | 32.68% | 32.59% | 31.38% | 30.24% | 30.55% | 31.98% | 29.44% | 26.72% | 33.45% | 34.95% | 33.81% | 31.44% | 33.59% | 33.73% | 33.64% |
| EBITDA Growth % | 30.39% | 33.85% | 42.12% | 51.41% | 44.64% | 24.56% | 22% | 28.67% | 10.94% | -34.97% | -37.22% | -39.76% | -19% | 24.35% | 22.14% | 12.4% | 0.13% | 30.73% | 40.44% | 68.64% |
| D&A (Non-Cash Add-back) | 116.32M | 103.92M | 101.64M | 98.44M | 97.34M | 96.2M | 94.3M | 88.36M | 89.92M | 90.94M | 90.48M | 89.6M | 91.66M | 85.41M | 75.75M | 87.93M | 84.33M | 81.7M | 79.87M | 78.4M |
| EBIT | 2.05B | 1.88B | 1.86B | 1.78B | 1.58B | 1.39B | 1.34B | 1.2B | 1.14B | 1.13B | 1.07B | 910.15M | 986.14M | 1.7B | 1.7B | 1.41B | 1.18B | 1.4B | 1.39B | 1.36B |
| Net Interest Income | -674K | 21.46M | 21.46M | 11.86M | 5.45M | 12.31M | 23.5M | 19.59M | 24.6M | 11.28M | 11.23M | 9.3M | -5.24M | -20.54M | -31M | -40.01M | -44.77M | -44.39M | -40.38M | -47.97M |
| Interest Income | 0 | 63.93M | 63.93M | 54.63M | 50.64M | 57.61M | 68.45M | 66.03M | 71.75M | 57.59M | 56.56M | 55.83M | 41.97M | 26.13M | 15.06M | 6.22M | 1.94M | 2.37M | 4.68M | 3.72M |
| Interest Expense | 674K | 42.47M | 42.47M | 42.77M | 45.18M | 45.3M | 44.95M | 46.44M | 47.15M | 46.31M | 45.33M | 46.53M | 47.22M | 46.66M | 46.05M | 46.23M | 46.71M | 46.77M | 45.06M | 51.7M |
| Other Income/Expense | -35.46M | 26.41M | 30.07M | 37.85M | -25.04M | 14.26M | 30.08M | 27.8M | 36.07M | 29.84M | 2.6M | 9.01M | -3.33M | -28.23M | -43.09M | -120.45M | -57.4M | 18M | -28.86M | -7.17M |
| Pretax Income | 2.01B | 1.84B | 1.86B | 1.78B | 1.54B | 1.35B | 1.29B | 1.15B | 1.09B | 1.09B | 1.03B | 863.62M | 938.92M | 1.65B | 1.65B | 1.36B | 1.13B | 1.36B | 1.34B | 1.31B |
| Pretax Margin % | 34.44% | 34.36% | 34.92% | 34.4% | 32.56% | 30.81% | 31.05% | 29.82% | 28.82% | 28.92% | 29.45% | 26.93% | 24.26% | 31.3% | 32.61% | 29.31% | 27.95% | 32.09% | 31.21% | 31.57% |
| Income Tax | 186.1M | 242.62M | 290.5M | 58.89M | 206.06M | 157.13M | 177.83M | 134.07M | 127.36M | 132.78M | 138.23M | 61.08M | 124.91M | 183.42M | 228.87M | 149.97M | 112.92M | 161.31M | 163.63M | 164.1M |
| Effective Tax Rate % | 9.25% | 13.21% | 15.63% | 3.31% | 13.41% | 11.66% | 13.74% | 11.61% | 11.65% | 12.22% | 13.48% | 7.07% | 13.3% | 11.1% | 13.83% | 11.04% | 9.95% | 11.89% | 12.18% | 12.54% |
| Net Income | 1.83B | 1.59B | 1.57B | 1.72B | 1.33B | 1.19B | 1.12B | 1.02B | 965.83M | 954.27M | 887.4M | 802.54M | 814.01M | 1.47B | 1.43B | 1.21B | 1.02B | 1.19B | 1.18B | 1.14B |
| Net Margin % | 31.25% | 29.82% | 29.46% | 33.26% | 28.19% | 27.22% | 26.79% | 26.35% | 25.46% | 25.39% | 25.48% | 25.02% | 21.04% | 27.83% | 28.1% | 26.08% | 25.16% | 28.27% | 27.41% | 27.61% |
| Net Income Growth % | 37.18% | 33.83% | 40.51% | 68.59% | 37.77% | 24.81% | 25.81% | 27.13% | 18.65% | -35.02% | -37.76% | -33.62% | -20.33% | 22.91% | 20.86% | 5.62% | -4.61% | 37.46% | 43.27% | 64.3% |
| Net Income (Continuing) | 1.83B | 1.59B | 1.57B | 1.72B | 1.33B | 1.19B | 1.12B | 1.02B | 965.83M | 954.27M | 887.4M | 802.54M | 814.01M | 1.47B | 1.43B | 1.21B | 1.02B | 1.19B | 1.18B | 1.14B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.45 | 1.26 | 1.24 | 1.35 | 1.03 | 0.92 | 0.86 | 0.78 | 0.73 | 0.72 | 0.67 | 0.60 | 0.60 | 1.08 | 1.04 | 0.87 | 0.73 | 0.84 | 0.83 | 0.80 |
| EPS Growth % | 40.78% | 36.96% | 44.19% | 73.08% | 41.1% | 27.78% | 28.36% | 30% | 21.67% | -33.33% | -35.58% | -31.03% | -17.81% | 28.57% | 25.3% | 8.75% | -1.35% | 40% | 48.21% | 70.21% |
| EPS (Basic) | 1.46 | 1.27 | 1.24 | 1.35 | 1.04 | 0.93 | 0.86 | 0.78 | 0.74 | 0.73 | 0.67 | 0.60 | 0.60 | 1.08 | 1.04 | 0.88 | 0.73 | 0.85 | 0.83 | 0.80 |
| Diluted Shares Outstanding | 1.26B | 1.27B | 1.27B | 1.28B | 1.29B | 1.29B | 1.3B | 1.32B | 1.32B | 1.32B | 1.33B | 1.34B | 1.35B | 1.36B | 1.37B | 1.38B | 1.4B | 1.42B | 1.43B | 1.44B |
| Basic Shares Outstanding | 1.25B | 1.26B | 1.26B | 1.27B | 1.28B | 1.29B | 1.3B | 1.31B | 1.31B | 1.32B | 1.33B | 1.34B | 1.35B | 1.36B | 1.37B | 1.38B | 1.39B | 1.41B | 1.42B | 1.43B |
| Dividend Payout Ratio | 17.85% | 20.55% | 18.61% | 17.16% | 22.22% | 24.99% | 23.38% | 25.63% | 27.2% | 27.71% | 25.96% | 28.95% | 28.74% | 16.07% | 14.42% | 17.21% | 20.61% | 17.68% | 15.72% | 16.2% |