Lam Research Corp (LRCX) Financials
Key financial figures for Lam Research Corp (Q1 2027).
Lam Research reported record September 2026 quarter revenue of $8.22 billion (+22% q/q) with U.S. GAAP diluted EPS of $2.19 and guided the December quarter to $8.60 billion plus or minus $400 million. Revenue was $8.22 billion, up 22% from the June 2026 quarter's $6.72 billion (as printed) and about 54% above the year-ago $5.32 billion (calculated), above the $8.10 billion midpoint of the range management gave for the quarter (calculated +1.5%). U.S. GAAP gross margin was 52.3% (June quarter 51.7%), GAAP operating margin 40.0% (37.4%) and GAAP diluted EPS $2.19 ($1.81); non-GAAP diluted EPS was $2.20 versus $1.82, against prior guidance of $2.15 plus or minus $0.15. On the outlook: For the quarter ending December 27, 2026, Lam guided revenue of $8.60 billion plus or minus $400 million, U.S. GAAP and non-GAAP gross margin of 52.5% plus or minus 1%, operating margin of 40.5% plus or minus 1%, and net income per diluted share of $2.33 plus or minus $0.15 on a diluted share count of 1.253 billion. Figures are for Q1 FY2027, as Lam Research Corporation reported them.
- Revenue
- $8.2B
- Net Income
- $2.8B
- EPS
- $2.20
- Total Assets
- $26.4B
- Operating Cash Flow
- $3.5B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q1 FY2027 | $8.2B | $2.8B | $2.19 | 39.95% | $3.2B |
| Q4 FY2026 | $6.7B | $2.3B | $1.81 | 37.39% | $1.3B |
| Q3 FY2026 | $5.8B | $1.8B | $1.45 | 35.04% | $810M |
| Q2 FY2026 | $5.3B | $1.6B | $1.26 | 33.87% | $1.2B |
| Q1 FY2026 | $5.3B | $1.6B | $1.24 | 34.35% | $1.6B |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2026 | $23.2B | $7.3B | $5.76 | 35.29% | $4.9B |
| FY2025 | $18.4B | $5.4B | $4.15 | 32.01% | $5.4B |
| FY2024 | $14.9B | $3.8B | $2.90 | 28.61% | $4.3B |
Frequently asked questions
What was Lam Research Corporation's revenue last quarter?
Lam Research Corporation reported revenue of $8.22 billion for Q1 FY2027, up 54.4% from the same period a year earlier.
Is Lam Research Corporation profitable?
Yes. Lam Research Corporation reported net income of $2.75 billion for Q1 FY2027, a net margin of 33.5% on revenue.
How has Lam Research Corporation's margin trended?
Operating margin was 39.95% in Q1 FY2027, compared with 34.35% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Lam Research Corporation generate?
Lam Research Corporation generated free cash flow of $3.24 billion in Q1 FY2027, after capital expenditure.
Full income statement, balance sheet and cash flow for Lam Research Corp on SentiSense, with up to forty quarters and twenty fiscal years of history.