What is Lam Research's income tax?

Lam Research (LRCX) reported income tax of $186.1M in Q1 2026.

How has Lam Research's income tax changed year-over-year?

Lam Research's income tax decreased by 9.7% year-over-year, from $206.06M to $186.1M.

What is the long-term trend for Lam Research's income tax?

Over 3 years (2022 to 2025), Lam Research's income tax has grown at a 0.7% compound annual growth rate (CAGR), from $587.83M to $599.91M.

What does income tax mean?

Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

Lam Research LRCX Income Tax

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$215.77M+22.6%

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Other financials

Income statement

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Revenue$5.8B+23.8%

Gross profit$2.9B+25.8%

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$441.66B+252%

Enterprise value$440.63B+256%

P/E65.8×+42.4×

P/S20.4×+13.6×

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

Reported directly by Lam Research in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

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 income tax?: Lam Research (LRCX) reported income tax of $186.1M in Q1 2026.
How has Lam Research's income tax changed year-over-year?: Lam Research's income tax decreased by 9.7% year-over-year, from $206.06M to $186.1M.
What is the long-term trend for Lam Research's income tax?: Over 3 years (2022 to 2025), Lam Research's income tax has grown at a 0.7% compound annual growth rate (CAGR), from $587.83M to $599.91M.
What does income tax mean?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.