What is Lam Research's gross profit?

Lam Research (LRCX) reported gross profit of $2.91B in Q1 2026.

How has Lam Research's gross profit changed year-over-year?

Lam Research's gross profit increased by 25.8% year-over-year, from $2.31B to $2.91B.

What is the long-term trend for Lam Research's gross profit?

Over 3 years (2022 to 2025), Lam Research's gross profit has grown at a 4.5% compound annual growth rate (CAGR), from $7.87B to $8.98B.

What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

Lam Research LRCX Gross Profit

Gross Profit at other companies

Applied MaterialsAMAT

$3.95B+13.3%

Veeco InstrumentsVECO

$55.83M-18.5%

KLA CorporationKLAC

$2.09B+10.6%

Axcelis TechnologiesACLS

$80.58M-9.2%

Ichor HoldingsICHR

$32.26M+13.1%

ACM ResearchACMR

$107.24M+29.9%

Other financials

Income statement

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Revenue$5.8B+23.8%

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

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Market cap$416.63B+230%

Enterprise value$415.6B+233%

P/E62.1×+38.5×

P/S19.2×+12.4×

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×

Where this comes from

Calculated from Lam Research’s reported figures.

$5.8Btotal revenue−$2.9Btotal cost of revenue=$2.91B

The official record: Lam Research’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lam Research's gross profit?: Lam Research (LRCX) reported gross profit of $2.91B in Q1 2026.
How has Lam Research's gross profit changed year-over-year?: Lam Research's gross profit increased by 25.8% year-over-year, from $2.31B to $2.91B.
What is the long-term trend for Lam Research's gross profit?: Over 3 years (2022 to 2025), Lam Research's gross profit has grown at a 4.5% compound annual growth rate (CAGR), from $7.87B to $8.98B.
What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.