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Lam Research LRCX Q4 2025 Annual earnings

Reported July 30, 2025 · After market close

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

Next report

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

Financials

Q4 2025

Income statement

See full
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

See full
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
See full
Market cap$122.32B-12.1%
Enterprise value$120.67B-12.9%
P/E22.8×-13.5×
P/S6.6×-2.7×

Profitability

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

Returns & leverage

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

Segments

By segment

See full
Reportable Segment$5.2B+38.8%

Versus estimates

Revenue

Q3 2026$5.8BBeat by $91.1MQ2 2026$5.3BBeat by $111.6MQ1 2026$5.3BBeat by $101.0M
Q4 2025$5.2BBeat by $167.4M
Q3 2025$4.7BBeat by $77.4MQ2 2025$4.4BBeat by $58.6M

Diluted EPS

Q3 2026$1.47Beat by $0.11Q2 2026$1.27Beat by $0.10Q1 2026$1.26Beat by $0.04
Q4 2025$1.33Beat by $0.12
Q3 2025$1.04Beat by $0.04Q2 2025$0.91Beat by $0.03

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Questions, answered.

When did Lam Research report Q4 2025 earnings?
Lam Research (LRCX) reported Q4 2025 earnings on July 30, 2025 after market close.
What were Lam Research's Q4 2025 revenue and EPS?
Lam Research reported revenue of $5.2B and diluted EPS of $1.33 for Q4 2025.
Did Lam Research 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'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 diluted EPS grew 64.2% from $0.81.
Where can I find Lam Research's Q4 2025 SEC filings?
You can read the 10-K periodic report (0000707549-25-000075) directly on SEC EDGAR. The filing index links above go to sec.gov.