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Lam Research Corp. LRCX Q1 2026 earnings

Reported October 22, 2025 · After market close

Revenue$5.3BBeat by $101.0M
EPS$1.26Beat by $0.04
Revenue estimate$5.2B
EPS estimate$1.22

Next report

Oct 21, 2026 (in 2 months)
Revenue estimate$8.1B
EPS estimate$2.15

Financials

Q1 2026

Income statement

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Revenue$5.3B+27.7%
Gross profit$2.7B+34.1%
Operating income$1.8B+44.7%
Net income$1.6B+40.5%
EPS (diluted)$1.24+44.2%

Balance sheet

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Cash & equivalents$6.7B+10.5%
Total debt$4.5B-10.0%
Total equity$10.2B+20.3%
Total assets$21.9B+12.1%

Cash flow

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Operating cash flow$1.8B+13.4%
CapEx$185.1M+67.4%
Free cash flow$1.6B+9.3%

Valuation & ratios

Valuation

as of 09/28/25
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Market cap$168.85B+59.2%
Enterprise value$166.62B+58.8%
P/E29.1×+2.9×
P/S8.6×+1.8×

Profitability

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Gross margin49.3%+1.8pp
Operating margin33%+4.1pp
Net margin29.7%+3.6pp
FCF margin28.3%-2.7pp

Returns & leverage

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Return on equity62.3%+13.1pp
Debt / equity0.4×-0.1×
Current ratio2.2×-0.3×

Segments

By segment

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Reportable Segment$5.3B+27.7%

FAQ

When did Lam Research Corp. report Q1 2026 earnings?
Lam Research Corp. (LRCX) reported Q1 2026 earnings on October 22, 2025 after market close.
What were Lam Research Corp.'s Q1 2026 revenue and EPS?
Lam Research Corp. reported revenue of $5.3B and eps of $1.26 for Q1 2026.
Did Lam Research Corp. beat estimates in Q1 2026?
Revenue beat the consensus estimate of $5.2B by $101.0M. EPS beat the consensus estimate of $1.22 by $0.04.
How did Lam Research Corp.'s Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 27.7% from $4.2B a year earlier and eps grew 46.5% from $0.86.
Where can I find Lam Research Corp.'s Q1 2026 SEC filings?
You can read the 8-K earnings release (0000707549-25-000082) and the 10-Q periodic report (0000707549-25-000085) directly on SEC EDGAR. The filing index links above go to sec.gov.