Lam Research Corp (LRCX) Financials
Key financial figures for Lam Research Corp (Q4 2026).
Lam Research reported record fiscal Q4 2026 revenue of $6.72 billion and GAAP diluted EPS of $1.81, up 30% and 34% year over year respectively, as AI-driven wafer fabrication equipment demand continued to accelerate. Total revenue of $6.72 billion (exactly $6,722,238,000), up 30% year over year from $5.17 billion in Q4 FY2025, a company record. GAAP diluted EPS of $1.81 (non-GAAP $1.82), up 34% year over year from $1.35 in Q4 FY2025. GAAP gross margin of 51.7% (non-GAAP 52.0%, a 20-year high for the company); GAAP operating margin of 37.4% (non-GAAP 38.4%). Customer support-related revenue rose to $2.47 billion, up 43% year over year; systems revenue rose to $4.25 billion, up 24% year over year. On the outlook: For the September 2026 quarter (fiscal Q1 2027), Lam Research guided revenue of $8.10 billion plus or minus $400 million, gross margin of 52.0% plus or minus 1 point, operating margin of 39.5% plus or minus 1 point, and diluted EPS of $2.15 plus or minus $0.15. Figures are for Q4 FY2026, as Lam Research Corporation reported them.
- Revenue
- $6.7B
- Net Income
- $2.3B
- EPS
- $1.82
- Total Assets
- $23.5B
- Operating Cash Flow
- $1.5B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q4 FY2026 | $6.7B | $2.3B | $1.81 | 37.39% | $822M |
| Q3 FY2026 | $5.8B | $1.8B | $1.45 | 35.04% | $810M |
| Q2 FY2026 | $5.3B | $1.6B | $1.26 | 33.87% | |
| Q1 FY2026 | $5.3B | $1.6B | $1.24 | 34.35% | $1.6B |
| Q4 FY2025 | $5.2B | $1.7B | $1.35 | 33.67% | $2.4B |
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 $6.72 billion for Q4 FY2026, up 30.0% from the same period a year earlier.
Is Lam Research Corporation profitable?
Yes. Lam Research Corporation reported net income of $2.28 billion for Q4 FY2026, a net margin of 33.88% on revenue.
How has Lam Research Corporation's margin trended?
Operating margin was 37.39% in Q4 FY2026, compared with 33.67% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
When does Lam Research Corporation report next?
Lam Research Corporation is scheduled to report results on 2026-10-21. The company has confirmed that date.
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.