Investing
CapEx
Lam Research CapEx increased by 27.1% to $331.60M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 15.1%, from $288.06M to $331.60M. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 21.4% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
cf_capital_expendituresHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $104.62M | $136.43M | $138.49M | $145.37M | $125.75M | $140.06M | $163.38M | $119.46M | $78.67M | $76.99M | $115.28M | $103.65M | $100.75M | $110.59M | $188.35M | $288.06M | $172.19M | $185.12M | $260.88M | $331.60M |
| QoQ Change | — | +30.4% | +1.5% | +5.0% | -13.5% | +11.4% | +16.6% | -26.9% | -34.1% | -2.1% | +49.7% | -10.1% | -2.8% | +9.8% | +70.3% | +52.9% | -40.2% | +7.5% | +40.9% | +27.1% |
| YoY Change | — | — | — | — | +20.2% | +2.7% | +18.0% | -17.8% | -37.4% | -45.0% | -29.4% | -13.2% | +28.1% | +43.6% | +63.4% | +177.9% | +70.9% | +67.4% | +38.5% | +15.1% |
Range$76.99M – $331.60M
CAGR+27.5%
Avg YoY Growth+25.2%
Median YoY Growth+19.1%
Current Streak3 quarters growth
CapEx at Other Companies
Frequently Asked Questions
- What is Lam Research's capex?
- Lam Research (LRCX) reported capex of $331.60M in Q1 2026.
- How has Lam Research's capex changed year-over-year?
- Lam Research's capex increased by 15.1% year-over-year, from $288.06M to $331.60M.
- What is the long-term trend for Lam Research's capex?
- Over 4 years (2021 to 2025), Lam Research's capex has grown at a 21.4% compound annual growth rate (CAGR), from $349.10M to $759.19M.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.