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Lam Research Corp. LRCX Q4 2025 Annual earnings

Reported July 30, 2025 · After market close

Revenue$5.2BBeat by $167.4M
EPS$1.33Beat by $0.12
Revenue estimate$5.0B
EPS estimate$1.21

Next report

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

Financials

Q4 2025

Income statement

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Revenue$5.2B+33.6%
Gross profit$2.6B+40.7%
Operating income$1.7B+54.6%
Net income$1.7B+68.6%
EPS (diluted)$1.34+71.8%

Balance sheet

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Cash & equivalents$6.4B+9.5%
Total debt$4.8B-10.0%
Total equity$9.9B+15.5%
Total assets$21.3B+13.9%

Cash flow

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Operating cash flow$2.6B+196%
CapEx$172.2M+70.9%
Free cash flow$2.4B+213%

Valuation & ratios

Valuation

as of 06/29/25
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Market cap$122.32B-12.1%
Enterprise value$120.67B-12.9%
P/E22.8×-13.5×
P/S6.6×-2.7×

Profitability

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Gross margin48.7%+1.4pp
Operating margin32%+3.4pp
Net margin29.1%+3.4pp
FCF margin29.4%+0.8pp

Returns & leverage

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Return on equity58.2%+12.5pp
Debt / equity0.5×-0.1×
Current ratio2.2×-0.8×

Segments

By geography

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China$1.8B+21.9%
Korea$1.1B+61.3%
Taiwan$966.2M+62.5%
Japan$741.3M+162%
United States$285.7M-24.0%

By segment

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Reportable Segment$5.2B+38.8%

FAQ

When did Lam Research Corp. report Q4 2025 earnings?
Lam Research Corp. (LRCX) reported Q4 2025 earnings on July 30, 2025 after market close.
What were Lam Research Corp.'s Q4 2025 revenue and EPS?
Lam Research Corp. reported revenue of $5.2B and eps of $1.33 for Q4 2025.
Did Lam Research Corp. beat estimates in Q4 2025?
Revenue beat the consensus estimate of $5.0B by $167.4M. EPS beat the consensus estimate of $1.21 by $0.12.
How did Lam Research Corp.'s Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 33.6% from $3.9B a year earlier and eps grew 64.2% from $0.81.
Where can I find Lam Research Corp.'s Q4 2025 SEC filings?
You can read the 8-K earnings release (0000707549-25-000068) and the 10-K periodic report (0000707549-25-000075) directly on SEC EDGAR. The filing index links above go to sec.gov.