What is Lam Research's net income?

Lam Research (LRCX) reported net income of $1.83B in Q1 2026.

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

Lam Research's net income increased by 37.2% year-over-year, from $1.33B to $1.83B.

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

Over 4 years (2021 to 2025), Lam Research's net income has grown at a 8.2% compound annual growth rate (CAGR), from $3.91B to $5.36B.

What does net income mean?

The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

Lam Research LRCX Net Income

Net Income at other companies

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$2.81B+31.3%

Veeco InstrumentsVECO

-$324K-103%

KLA CorporationKLAC

$1.2B+10.3%

Axcelis TechnologiesACLS

$9.21M-67.8%

EnproNPO

$27.4M+11.8%

Ichor HoldingsICHR

-$2.47M+45.8%

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%

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$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:NetIncomeLoss.

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 net income?: Lam Research (LRCX) reported net income of $1.83B in Q1 2026.
How has Lam Research's net income changed year-over-year?: Lam Research's net income increased by 37.2% year-over-year, from $1.33B to $1.83B.
What is the long-term trend for Lam Research's net income?: Over 4 years (2021 to 2025), Lam Research's net income has grown at a 8.2% compound annual growth rate (CAGR), from $3.91B to $5.36B.
What does net income mean?: The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.