What are Lam Research's profit margins?

Lam Research (LRCX) runs a 50.0% gross margin and a 34.3% operating margin, with a 30.9% net margin.

Where do Lam Research's ratios come from?

Every ratio is computed from Lam Research's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Lam Research LRCX Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q3 '26	Q2 '26	Q1 '26	Q4 '25	Q3 '25
Profitability
Gross margin	50%+2.0pp	49.8%+2.2pp	49.3%+1.8pp	48.7%+1.4pp	48%+1.2pp
Operating margin	34.3%+3.4pp	33.8%+4.3pp	33%+4.1pp	32%+3.4pp	30.9%+2.8pp
Net margin	30.9%+3.8pp	30.2%+3.7pp	29.7%+3.6pp	29.1%+3.4pp	27.2%+1.8pp
Returns
Return on equity	66.8%+13.6pp	65.6%+15.1pp	62.3%+13.1pp	58.2%+12.5pp	53.1%+9.2pp
Return on invested capital	73.6%+15.4pp	74.4%+20.9pp	75.1%+23.4pp	65.6%+18.5pp	58.2%+11.6pp
Efficiency
Asset turnover	1.1×+0.2×	1×+0.2×	0.9×+0.1×	0.9×+0.1×	0.9×+0.1×
Liquidity
Current ratio	2.5×+0.1×	2.3×-0.3×	2.2×-0.3×	2.2×-0.8×	2.5×-0.4×
Leverage
Debt-to-equity	0.4×-0.1×	0.4×-0.1×	0.4×-0.1×	0.5×-0.1×	0.5×-0.1×
Net debt / EBITDA	-0.1×0.0×	-0.2×-0.1×	-0.3×-0.1×	-0.3×-0.1×	-0.2×0.0×
Per Share
Book value per share	$8.42+14.0%	$8.04+17.9%	$8.03+23.6%	$7.64+18.2%	$7.38+21.1%
Valuation
Market capitalization	$266.81B+186%	$215.01B+131%	$168.85B+59.2%	$122.32B-12.1%	$93.32B-26.6%
Price / earnings	39.8×+19.7×	34.6×+13.0×	29.1×+2.9×	22.8×-13.5×	20×-15.2×
Price / sales	12.3×+6.9×	10.5×+4.7×	8.6×+1.8×	6.6×-2.7×	5.4×-3.5×
Price / book	25.2×+15.4×	21.2×+10.6×	16.6×+4.1×	12.4×-3.9×	9.8×-6.0×
EV / EBITDA	33.9×+17.6×	29×+11.1×	24.3×+2.7×	19.2×-10.8×	16.3×-12.7×
Dividend yield	0.5%-0.7pp	0.6%-0.6pp	0.7%-0.3pp	0.9%+0.2pp	1.2%+0.4pp

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Questions, answered.

What are Lam Research's profit margins?: Lam Research (LRCX) runs a 50.0% gross margin and a 34.3% operating margin, with a 30.9% net margin.
Where do Lam Research's ratios come from?: Every ratio is computed from Lam Research's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.