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Lam Research LRCX Systems revenue — Revenue

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Other financials

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$3.7B-21.5%
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-210%
Free cash flow$1.3B-46.7%

Valuation

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Market cap$384.67B+216%
Enterprise value$382.82B+219%
P/E53×+30.2×
P/S16.6×+10.0×

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×

Where this comes from

Reported directly by Lam Research in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Lam Research’s 10-Q, filed April 23, 2026.

Filed
Apr 23, 2026, 4:05 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0000707549-26-000022
Line itemThree Months Ended / March 29,2026Three Months Ended / March 30,2025Nine Months Ended / March 29,2026Nine Months Ended / March 30,2025
Systems revenue$3,730,582$3,035,276$10,635,640$8,053,655
Customer support-related revenue and other2,110,9061,684,8995,874,8125,210,543
$5,841,488$4,720,175$16,510,452$13,264,198

Item 1. Financial Statements (Unaudited):

FAQ

What is Lam Research's systems revenue — revenue?
Lam Research (LRCX) reported systems revenue — revenue of $3.73B in Q1 2026.
How has Lam Research's systems revenue — revenue changed year-over-year?
Lam Research's systems revenue — revenue increased by 22.9% year-over-year, from $3.04B to $3.73B.
What is the long-term trend for Lam Research's systems revenue — revenue?
Over 3 years (2022 to 2025), Lam Research's systems revenue — revenue has grown at a 0.5% compound annual growth rate (CAGR), from $11.32B to $11.49B.
What does systems revenue — revenue mean?
This metric represents the total revenue generated from the sale of new semiconductor wafer fabrication equipment, specifically covering deposition and etch systems. It reflects the company's core business activity of providing the hardware necessary for chipmakers to build complex semiconductor structures. As a primary revenue driver, it indicates the company's ability to capture capital expenditure spending from major memory and logic chip manufacturers.

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