What is Lam Research's operating income?

Lam Research (LRCX) reported operating income of $2.05B in Q1 2026.

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

Lam Research's operating income increased by 31.1% year-over-year, from $1.56B to $2.05B.

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

Over 3 years (2022 to 2025), Lam Research's operating income has grown at a 3.1% compound annual growth rate (CAGR), from $5.38B to $5.9B.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

Lam Research LRCX Operating Income

Operating Income at other companies

Applied MaterialsAMAT

$2.52B+16.3%

Veeco InstrumentsVECO

-$2.66M-119%

Axcelis TechnologiesACLS

$7.95M-72.7%

Ichor HoldingsICHR

$2.09M+278%

ACM ResearchACMR

$36.18M+40.3%

EntegrisENTG

$141.6M+15.8%

Other financials

Income statement

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Revenue$5.8B+23.8%

Gross profit$2.9B+25.8%

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

Reported directly by Lam Research in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

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 income?: Lam Research (LRCX) reported operating income of $2.05B in Q1 2026.
How has Lam Research's operating income changed year-over-year?: Lam Research's operating income increased by 31.1% year-over-year, from $1.56B to $2.05B.
What is the long-term trend for Lam Research's operating income?: Over 3 years (2022 to 2025), Lam Research's operating income has grown at a 3.1% compound annual growth rate (CAGR), from $5.38B to $5.9B.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.