Lam Research Corporation (LRCX) income statement
NASDAQ · Technology · Semiconductors · 23,300 employees · CEO Timothy Archer
- Price
- $239.11 -6.01%
- Market cap
- $299B
- Enterprise value
- $296B
- Last report
- Q1 '27 filed 2026-10-22
- Next report
- 2027-01-27 EPS est. $2.34
Lam Research Corporation (LRCX) reported revenue of $8.22B for Q1 '27 (+54.4% year on year), operating income of $3.28B (40.0% of revenue) and net income of $2.75B. Over the last four quarters revenue was $26.1B.
Income statement
| Income statement | Trend | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.76B | $3.79B | $3.87B | $4.17B | $4.38B | $4.72B | $5.17B | $5.32B | $5.34B | $5.84B | $6.72B | $8.22B | |
| Cost of revenue | $2B | $1.99B | $2.03B | $2.17B | $2.3B | $2.41B | $2.58B | $2.64B | $2.69B | $2.93B | $3.24B | $3.92B | |
| Gross profit | $1.76B | $1.8B | $1.84B | $2B | $2.07B | $2.31B | $2.59B | $2.68B | $2.65B | $2.91B | $3.48B | $4.3B | |
| Research & development | $470M | $512M | $498M | $495M | $495M | $526M | $580M | $576M | $573M | $583M | $643M | $666M | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $349M | |
| Other operating expenses | $1.69M | $16M | -$1.54M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Operating expenses | $700M | $743M | $714M | $738M | $739M | $752M | $849M | $856M | $841M | $864M | $965M | $1.02B | |
| Operating income | $1.06B | $1.06B | $1.13B | $1.26B | $1.33B | $1.56B | $1.74B | $1.83B | $1.81B | $2.05B | $2.51B | $3.28B | |
| Interest income | $57.6M | $71.8M | $66M | $68.4M | $57.6M | $50.6M | $54.6M | $63.9M | $63.9M | $42.6M | $0 | $0 | |
| Interest expense | $46.3M | $47.2M | $46.4M | $44.9M | $45.3M | $45.2M | $42.8M | $42.5M | $42.5M | $39.3M | $0 | $508K | |
| Other non-operating income (gains on investments, FX ...) | -$76.2M | -$83.2M | -$74.2M | -$75M | -$59.6M | -$20.1M | -$37.9M | -$30.8M | -$68.9M | -$3.87M | $40.8M | -$28.5M | |
| Total non-operating income | $29.8M | $36.1M | $27.8M | $30.1M | $14.3M | -$25M | $37.9M | $30.1M | $26.4M | -$35.5M | $41.7M | $28.5M | |
| Income before tax | $1.09B | $1.09B | $1.15B | $1.29B | $1.35B | $1.54B | $1.78B | $1.86B | $1.84B | $2.01B | $2.56B | $3.31B | |
| Income tax | $133M | $127M | $134M | $178M | $157M | $206M | $58.9M | $291M | $243M | $186M | $278M | $559M | |
| Net income | $954M | $966M | $1.02B | $1.12B | $1.19B | $1.33B | $1.72B | $1.57B | $1.59B | $1.83B | $2.28B | $2.75B | |
| EPS (basic) | $0.73 | $0.74 | $0.78 | $0.86 | $0.93 | $1.04 | $1.35 | $1.24 | $1.27 | $1.46 | $1.82 | $2.20 | |
| EPS (diluted) | $0.72 | $0.73 | $0.78 | $0.86 | $0.92 | $1.03 | $1.35 | $1.24 | $1.26 | $1.45 | $1.81 | $2.19 | |
| Shares (basic, weighted) | 1.32B | 1.31B | 1.31B | 1.3B | 1.29B | 1.28B | 1.27B | 1.26B | 1.26B | 1.25B | 1.26B | 1.25B | |
| Shares (diluted, weighted) | 1.32B | 1.32B | 1.32B | 1.3B | 1.29B | 1.29B | 1.28B | 1.27B | 1.27B | 1.26B | 1.26B | 1.26B | |
| Depreciation & amortization | $90.9M | $89.9M | $88.4M | $94.3M | $96.2M | $97.3M | $98.4M | $102M | $104M | $116M | $120M | $122M | |
| EBITDA | $1.22B | $1.23B | $1.29B | $1.43B | $1.49B | $1.68B | $1.88B | $1.96B | $1.98B | $2.17B | $2.59B | $3.43B |
| Income statement | Trend | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.01B | $11.1B | $9.65B | $10B | $14.6B | $17.2B | $17.4B | $14.9B | $18.4B | $23.2B | |
| Cost of revenue | $4.41B | $5.91B | $5.3B | $5.44B | $7.82B | $9.36B | $9.65B | $7.85B | $9.46B | $11.5B | |
| Gross profit | $3.6B | $5.17B | $4.36B | $4.61B | $6.81B | $7.87B | $7.78B | $7.05B | $8.98B | $11.7B | |
| Research & development | $1.03B | $1.19B | $1.19B | $1.25B | $1.49B | $1.6B | $1.73B | $1.9B | $2.1B | $2.38B | |
| Other operating expenses | $0 | $0 | $0 | $0 | $0 | $0 | $42.2M | $18.2M | $0 | $0 | |
| Operating expenses | $1.7B | $1.95B | $1.89B | $1.93B | $2.32B | $2.49B | $2.6B | $2.79B | $3.08B | $3.53B | |
| Operating income | $1.9B | $3.21B | $2.46B | $2.67B | $4.48B | $5.38B | $5.17B | $4.26B | $5.9B | $8.2B | |
| Interest income | $57.9M | $85.8M | $98.8M | $85.4M | $19.7M | $15.2M | $139M | $252M | $231M | $0 | |
| Interest expense | $118M | $97.4M | $117M | $177M | $209M | $185M | $186M | $185M | $178M | $0 | |
| Other non-operating income (gains on investments, FX ...) | -$27.3M | -$35.9M | -$99.1M | -$78.6M | -$97.4M | $3.95M | -$121M | -$282M | -$57.2M | -$62.7M | |
| Total non-operating income | -$90.5M | -$61.5M | -$18.2M | -$98.8M | -$111M | -$189M | -$65.7M | $96.3M | $57.2M | $62.7M | |
| Income before tax | $1.81B | $3.15B | $2.45B | $2.57B | $4.37B | $5.19B | $5.11B | $4.36B | $5.96B | $8.26B | |
| Income tax | $114M | $771M | $255M | $323M | $462M | $588M | $598M | $532M | $600M | $997M | |
| Net income | $1.7B | $2.38B | $2.19B | $2.25B | $3.91B | $4.61B | $4.51B | $3.83B | $5.36B | $7.27B | |
| EPS (basic) | $1.05 | $1.47 | $1.44 | $1.56 | $2.72 | $3.29 | $3.33 | $2.91 | $4.17 | $5.79 | |
| EPS (diluted) | $0.92 | $1.32 | $1.37 | $1.51 | $2.69 | $3.27 | $3.32 | $2.90 | $4.15 | $5.76 | |
| Shares (basic, weighted) | 1.62B | 1.81B | 1.52B | 1.45B | 1.44B | 1.4B | 1.35B | 1.31B | 1.29B | 1.26B | |
| Shares (diluted, weighted) | 1.84B | 1.81B | 1.6B | 1.49B | 1.45B | 1.41B | 1.36B | 1.32B | 1.29B | 1.26B | |
| Depreciation & amortization | $307M | $326M | $309M | $269M | $307M | $334M | $342M | $360M | $386M | $442M | |
| EBITDA | $2.24B | $3.58B | $2.87B | $3.02B | $4.89B | $5.71B | $5.64B | $4.91B | $6.34B | $8.7B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-27, 10-K 2026-06-28, 10-Q 2026-03-29, 10-Q 2025-12-28, 10-Q 2025-09-28, 10-K 2025-06-29, 10-Q 2025-03-30, 10-Q 2024-12-29, 10-Q 2024-09-29
Data as of 2026-11-01