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Lam Research Corp. LRCX Q3 2025 earnings

Reported April 23, 2025 · After market close

Revenue$4.7BBeat by $77.4M
EPS$1.04Beat by $0.04
Revenue estimate$4.6B
EPS estimate$1.00

Next report

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

Financials

Q3 2025

Income statement

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Revenue$4.7B+24.4%
Gross profit$2.3B+28.5%
Operating income$1.6B+47.7%
Net income$1.3B+37.8%
EPS (diluted)$1.03+41.1%

Balance sheet

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Cash & equivalents$5.5B-3.7%
Total debt$4.5B-10.0%
Total equity$9.5B+18.6%
Total assets$20.0B+9.2%

Cash flow

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Operating cash flow$1.3B-5.5%
CapEx$288.1M+178%
Free cash flow$1.0B-20.3%

Valuation & ratios

Valuation

as of 03/30/25
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Market cap$93.32B-26.6%
Enterprise value$92.34B-27.0%
P/E20×-15.2×
P/S5.4×-3.5×

Profitability

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Gross margin48%+1.2pp
Operating margin30.9%+2.8pp
Net margin27.2%+1.8pp
FCF margin22.1%-9.7pp

Returns & leverage

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Return on equity53.1%+9.2pp
Debt / equity0.5×-0.1×
Current ratio2.5×-0.4×

Segments

By geography

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China$1.5B—
Korea$1.2B—
Taiwan$1.1B—
Japan$474.9M—
United States$189.5M—

By segment

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Reportable Segment$4.7B+26.7%

FAQ

When did Lam Research Corp. report Q3 2025 earnings?
Lam Research Corp. (LRCX) reported Q3 2025 earnings on April 23, 2025 after market close.
What were Lam Research Corp.'s Q3 2025 revenue and EPS?
Lam Research Corp. reported revenue of $4.7B and eps of $1.04 for Q3 2025.
Did Lam Research Corp. beat estimates in Q3 2025?
Revenue beat the consensus estimate of $4.6B by $77.4M. EPS beat the consensus estimate of $1.00 by $0.04.
How did Lam Research Corp.'s Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 24.4% from $3.8B a year earlier and eps grew 33.3% from $0.78.
Where can I find Lam Research Corp.'s Q3 2025 SEC filings?
You can read the 8-K earnings release (0000707549-25-000051) and the 10-Q periodic report (0000707549-25-000054) directly on SEC EDGAR. The filing index links above go to sec.gov.