Income StatementBalance SheetCash FlowSegments
Lam Research logo

Lam Research Income Statement

Revenue, expenses, and profitability over time

Lam Research generated $21.7B in trailing twelve-month revenue, up 0.3% year-over-year. Net income was $6.7B with a 30.94% net margin. Gross margin stands at 49.98% and operating margin at 34.26%. Diluted EPS is $5.29, which grew 0.5% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$21.7BGross Profit (TTM)$10.8BOperating Income (TTM)$7.4BNet Income (TTM)$6.7BEps Diluted (TTM)$5.29
Latest FilingQ1 2026
Report Date2026-04-23
Market Cap$347.61B
P/E Ratio51.82
ROE66.76%

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$0.93$1.04$1.35$1.24$1.27$1.46
Diluted earnings per share$0.92$1.03$1.34$1.24$1.26$1.45
Weighted-average shares, basic1.3B1.3B—1.3B1.3B1.2B
Weighted-average shares, diluted1.3B1.3B—1.3B1.3B1.3B

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$2.1B$2.3B$2.6B$2.7B$2.7B$2.9B
Operating income$1.3B$1.6B$1.7B$1.8B$1.8B$2.0B

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Charges$14.3M-$25.0M$37.9M$30.1M$26.4M-$35.5M
Other income (expense), net$14.3M-$25.0M$37.9M$30.1M$26.4M-$35.5M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$1.3B$1.5B$1.8B$1.9B$1.8B$2.0B

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$157.1M$206.1M$58.9M$290.5M$242.6M$186.1M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$1.2B$1.3B$1.7B$1.6B$1.6B$1.8B

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other operating expenses$739.1M$751.9M$848.6M$855.8M$841.0M$863.5M
Research and development$494.9M$525.9M$580.2M$576.4M$573.3M$583.2M
Selling, general and administrative$244.2M$226.0M$268.4M$279.3M$267.7M$280.3M
Total operating expenses$739.1M$751.9M$848.6M$855.8M$841.0M$863.5M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other income, net (Note 6)$14.3M-$25.0M$37.9M$30.1M$26.4M-$35.5M
Revenue From Contract With Customer Excluding Assessed Tax$4.4B$4.7B$5.2B$5.3B$5.3B$5.8B

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$2.3B$2.4B$2.6B$2.6B$2.7B$2.9B

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$4.4B$4.7B$5.2B$5.3B$5.3B$5.8B