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Lam Research Corp. LRCX Q3 2026 earnings

Reported April 22, 2026 · After market close

Revenue$5.8BBeat by $91.1M
EPS$1.47Beat by $0.11
Revenue estimate$5.8B
EPS estimate$1.36

Next report

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

Financials

Q3 2026

Income statement

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Revenue$5.8B+23.8%
Gross profit$2.9B+25.8%
Operating income$2.0B+31.1%
Net income$1.8B+37.2%
EPS (diluted)$1.45+40.8%

Balance sheet

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Cash & equivalents$4.8B-12.7%
Total debt$3.7B-16.7%
Total equity$10.6B+11.3%
Total assets$20.8B+4.1%

Cash flow

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Operating cash flow$1.1B-12.8%
CapEx$331.6M+15.1%
Free cash flow$809.8M-20.7%

Valuation & ratios

Valuation

as of 03/29/26
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Market cap$266.81B+186%
Enterprise value$265.78B+188%
P/E39.8×+19.7×
P/S12.3×+6.9×

Profitability

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Gross margin50%+2.0pp
Operating margin34.3%+3.4pp
Net margin30.9%+3.8pp
FCF margin27.7%+5.6pp

Returns & leverage

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Return on equity66.8%+13.6pp
Debt / equity0.4×-0.1×
Current ratio2.5×+0.1×

Segments

By segment

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Reportable Segment$5.8B+23.8%

FAQ

When did Lam Research Corp. report Q3 2026 earnings?
Lam Research Corp. (LRCX) reported Q3 2026 earnings on April 22, 2026 after market close.
What were Lam Research Corp.'s Q3 2026 revenue and EPS?
Lam Research Corp. reported revenue of $5.8B and eps of $1.47 for Q3 2026.
Did Lam Research Corp. beat estimates in Q3 2026?
Revenue beat the consensus estimate of $5.8B by $91.1M. EPS beat the consensus estimate of $1.36 by $0.11.
How did Lam Research Corp.'s Q3 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 23.8% from $4.7B a year earlier and eps grew 41.3% from $1.04.
Where can I find Lam Research Corp.'s Q3 2026 SEC filings?
You can read the 8-K earnings release (0000707549-26-000020) and the 10-Q periodic report (0000707549-26-000022) directly on SEC EDGAR. The filing index links above go to sec.gov.