Investing
CapEx
Lam Research CapEx increased by 7.5% to $185.12M in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 67.4%, from $110.59M to $185.12M. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 18.9% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ1 2014
Last reportedQ1 2026Oct 24, 2025
How to read this metric
An increase often signals growth initiatives and capacity expansion, while a decrease may suggest cost-cutting or a shift toward asset-light strategies.
Detailed definition
This metric measures the cash outflows used to acquire, upgrade, and maintain physical assets such as property, building...
Peer comparison
Commonly compared as a percentage of revenue; capital-intensive firms like Abbott require consistent investment to remain competitive in medical technology.
Metric ID:
capital_expendituresHistorical Data
18 periods
| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $104.62M | $136.43M | $167.01M | $116.85M | $125.75M | $140.06M | $52.21M | $230.63M | $78.67M | $76.99M | $221.95M | $0.00 | $100.75M | $110.59M | $335.41M | $141.00M | $172.19M | $185.12M |
| QoQ Change | — | +30.4% | +22.4% | -30.0% | +7.6% | +11.4% | -62.7% | +341.8% | -65.9% | -2.1% | +188.3% | -100.0% | — | +9.8% | +203.3% | -58.0% | +22.1% | +7.5% |
| YoY Change | — | — | — | — | +20.2% | +2.7% | -68.7% | +97.4% | -37.4% | -45.0% | +325.1% | -100.0% | +28.1% | +43.6% | +51.1% | — | +70.9% | +67.4% |
Range$0.00 – $335.41M
CAGR+14.4%
Avg YoY Growth+35.0%
Median YoY Growth+28.1%
Current Streak2 quarters growth
CapEx at Other Companies
Frequently Asked Questions
- What is Lam Research's capex?
- Lam Research (LRCX) reported capex of $185.12M in Q3 2025.
- How has Lam Research's capex changed year-over-year?
- Lam Research's capex increased by 67.4% year-over-year, from $110.59M to $185.12M.
- What is the long-term trend for Lam Research's capex?
- Over 4 years (2021 to 2025), Lam Research's capex has grown at a 18.9% compound annual growth rate (CAGR), from $379.54M to $759.19M.
- What does capex mean?
- Cash spent on purchasing or maintaining physical assets like machinery and facilities.