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Lam Research LRCX Q2 2025 earnings

Reported January 29, 2025 · After market close

Revenue estimate$4.3B
EPS estimate$0.88

Next report

Jul 29, 2026 (in a month)
Revenue estimate$6.6B
EPS estimate$1.65

Financials

Q2 2025

Income statement

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Revenue$4.4B+16.4%
Gross profit$2.1B+18.0%
Operating income$1.3B+26.2%
Net income$1.2B+24.8%
EPS (diluted)$0.92+27.8%

Balance sheet

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Cash & equivalents$5.7B+0.9%
Total debt$5.0B0.0%
Total equity$8.8B+7.1%
Total assets$19.8B+5.6%

Cash flow

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Operating cash flow$741.9M-49.0%
CapEx$188.3M+63.4%
Free cash flow$553.6M-58.6%

Valuation & ratios

Valuation

as of 12/29/24
See full
Market cap$92.94B-9.3%
Enterprise value$92.24B-9.4%
P/E21.6×-8.0×
P/S5.7×-1.4×

Profitability

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Gross margin47.6%+2.4pp
Operating margin29.5%+2.4pp
Net margin26.5%+2.3pp
FCF margin25%-9.0pp

Returns & leverage

See full
Return on equity50.4%+8.6pp
Debt / equity0.6×0.0×
Current ratio2.5×-0.5×

Segments

By geography

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China$1.3B
Korea$1.1B
Taiwan$737.7M
United States$413.3M
Japan$363.3M

By segment

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Reportable Segment$4.4B+17.4%

Versus estimates

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Questions, answered.

When did Lam Research report Q2 2025 earnings?
Lam Research (LRCX) reported Q2 2025 earnings on January 29, 2025 after market close.
What were Lam Research's Q2 2025 revenue and EPS?
Lam Research reported revenue of $4.4B and diluted EPS of $0.91 for Q2 2025.
Did Lam Research beat estimates in Q2 2025?
Revenue beat the consensus estimate of $4.3B by $58.6M. EPS beat the consensus estimate of $0.88 by $0.03.
Where can I find Lam Research's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0000707549-25-000014) directly on SEC EDGAR. The filing index links above go to sec.gov.