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Lam Research Corp. LRCX Q4 2026 Annual earnings

Reported July 29, 2026 · After market close

Revenue$6.7BBeat by $57.4M
Adjusted EPS$1.82Beat by $0.13
Revenue estimate$6.7B
EPS estimate$1.69
“Our strategic investments and technology leadership are helping customers accelerate through rising manufacturing complexity, positioning Lam for a third consecutive year of outperformance in 2026.”
Tim Archer

Next report

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

Financials

Q4 2026

Income statement

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Revenue$6.7B+30.0%
Gross profit$3.5B+34.3%
Operating income$2.5B+44.4%
Net income$2.3B+32.4%
EPS (diluted)$1.81+35.1%

Balance sheet

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Cash & equivalents$5.6B-12.9%
Total debt$4.1B-13.3%
Total equity$12.5B+26.5%
Total assets$23.5B+10.2%

Cash flow

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Operating cash flow$1.5B-42.9%
CapEx$188.8M+9.6%
Free cash flow$1.3B-46.7%

Valuation & ratios

Valuation

as of 08/27/26
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Market cap$391.51B+198%
Enterprise value$390.06B+201%
P/E53.9×+29.4×
P/S16.9×+9.7×

Profitability

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Gross margin50.5%+1.8pp
Operating margin35.3%+3.3pp
Net margin31.3%+2.2pp
FCF margin21.1%-8.3pp

Returns & leverage

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Return on equity65.1%+6.8pp
Debt / equity0.3×-0.2×
Current ratio2.6×+0.4×

Segments

By segment

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Reportable Segment$6.7B+30.0%

FAQ

When did Lam Research Corp. report Q4 2026 earnings?
Lam Research Corp. (LRCX) reported Q4 2026 earnings on July 29, 2026 after market close.
What were Lam Research Corp.'s Q4 2026 revenue and EPS?
Lam Research Corp. reported revenue of $6.7B and adjusted eps of $1.82 for Q4 2026.
Did Lam Research Corp. beat estimates in Q4 2026?
Revenue beat the consensus estimate of $6.7B by $57.4M. EPS beat the consensus estimate of $1.69 by $0.13.
How did Lam Research Corp.'s Q4 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 30.0% from $5.2B a year earlier.
Where can I find Lam Research Corp.'s Q4 2026 SEC filings?
You can read the 8-K earnings release (0000707549-26-000033) and the 10-K periodic report (0000707549-26-000037) directly on SEC EDGAR. The filing index links above go to sec.gov.