What is Lam Research's operating cash flow?

Lam Research (LRCX) reported operating cash flow of $1.14B in Q1 2026.

How has Lam Research's operating cash flow changed year-over-year?

Lam Research's operating cash flow decreased by 12.8% year-over-year, from $1.31B to $1.14B.

What is the long-term trend for Lam Research's operating cash flow?

Over 4 years (2021 to 2025), Lam Research's operating cash flow has grown at a 14.5% compound annual growth rate (CAGR), from $3.59B to $6.17B.

What does operating cash flow mean?

Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.

Lam Research LRCX Operating Cash Flow

Operating Cash Flow at other companies

Applied MaterialsAMAT

$845M-46.2%

Veeco InstrumentsVECO

$7.94M-60.3%

KLA CorporationKLAC

$707.45M-34.0%

Axcelis TechnologiesACLS

$18.14M-54.4%

EnproNPO

$39.6M+88.6%

Ichor HoldingsICHR

-$2.92M-115%

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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CapEx$331.6M+15.1%

Free cash flow$809.8M-20.7%

Valuation

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Market cap$502.5B+334%

Enterprise value$501.47B+337%

P/E74.9×+50.1×

P/S23.2×+16.4×

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

Reported directly by Lam Research in its filing.

Tagged under the XBRL concept us-gaap:NetCashProvidedByUsedInOperatingActivities.

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 operating cash flow?: Lam Research (LRCX) reported operating cash flow of $1.14B in Q1 2026.
How has Lam Research's operating cash flow changed year-over-year?: Lam Research's operating cash flow decreased by 12.8% year-over-year, from $1.31B to $1.14B.
What is the long-term trend for Lam Research's operating cash flow?: Over 4 years (2021 to 2025), Lam Research's operating cash flow has grown at a 14.5% compound annual growth rate (CAGR), from $3.59B to $6.17B.
What does operating cash flow mean?: Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.