SuperworthLam Research profit margin LRCX
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- 32.3%
- Operating margin, 12 months
- 37.0%
- Net margin on a year earlier
- +2.7 pts
- Peer median
- 28.9%
Over the twelve months to Sep 27, 2026, Lam Research kept 32.3% of its revenue as net profit, with an operating margin of 37.0%.
Five years earlier its net margin was 27.1%.
The median for 10 semiconductor stocks of a similar size is 28.9%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2026 | 31.3% | 35.3% | 50.5% |
| FY2025 | 29.1% | 32.0% | 48.7% |
| FY2024 | 25.7% | 28.6% | 47.3% |
| FY2023 | 25.9% | 29.7% | 44.6% |
| FY2022 | 26.7% | 31.2% | 45.7% |
| FY2021 | 26.7% | 30.6% | 46.5% |
| FY2020 | 22.4% | 26.6% | 45.9% |
| FY2019 | 22.7% | 25.5% | 45.1% |
| FY2018 | 21.5% | 29.0% | 46.6% |
| FY2017 | 21.2% | 23.7% | 45.0% |
| FY2016 | 15.5% | 18.3% | 44.5% |
| FY2015 | 12.5% | 15.0% | 43.4% |
| FY2014 | 13.7% | 14.7% | 43.6% |
| FY2013 | 3.2% | 3.3% | 39.0% |
| FY2012 | 6.3% | 8.9% | 40.7% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q1 FY27 | 32.3% | +2.7 pts | 37.0% | |
| Q4 FY26 | 31.3% | +2.2 pts | 35.3% | |
| Q3 FY26 | 30.9% | +3.8 pts | 34.3% | |
| Q2 FY26 | 30.2% | +3.7 pts | 33.8% | |
| Q1 FY26 | 29.7% | +3.6 pts | 33.0% | |
| Q4 FY25 | 29.1% | +3.4 pts | 32.0% | |
| Q3 FY25 | 27.2% | +1.8 pts | 30.9% | |
| Q2 FY25 | 26.5% | +2.3 pts | 29.5% | |
| Q1 FY25 | 26.0% | +0.9 pts | 28.9% | |
| Q4 FY24 | 25.7% | −0.2 pts | 28.6% | |
| Q3 FY24 | 25.3% | −0.7 pts | 28.0% | |
| Q2 FY24 | 24.2% | −2.8 pts | 27.1% |
Against its peers
Companies in Semiconductors nearest Lam Research's size, closest first, today.
| Company | Profit margin |
|---|---|
| LRCXLam Research | 32.3% |
| AMATApplied Materials | 30.1% |
| TXNTexas Instruments | 34.3% |
| MRVLMarvell Technology | 27.9% |
| KLACKLA | 35.6% |
| ADIAnalog Devices | 29.8% |
| INTCIntel | −19.8% |
| QCOMQUALCOMM | 21.0% |
| AMDAdvanced Micro Devices | 15.6% |
| MUMicron Technology | 63.8% |
| TELTE Connectivity | 15.6% |
| Peer median | 28.9% |
Where Lam Research ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Lam Research
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.