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%+0.2pp	49.8%+0.5pp	49.3%+0.6pp	48.7%+0.7pp	48%+0.4pp
Operating margin	34.3%+0.5pp	33.8%+0.8pp	33%+1.0pp	32%+1.2pp	30.9%+1.3pp
Net margin	30.9%+0.7pp	30.2%+0.6pp	29.7%+0.6pp	29.1%+1.9pp	27.2%+0.7pp
Returns
Return on equity	66.8%+1.2pp	65.6%+3.3pp	62.3%+4.0pp	58.2%+5.1pp	53.1%+2.7pp
Return on invested capital	73.6%-0.8pp	74.4%-0.7pp	75.1%+9.5pp	65.6%+7.4pp	58.2%+4.7pp
Efficiency
Asset turnover	1.1×+0.1×	1×+0.1×	0.9×0.0×	0.9×0.0×	0.9×+0.1×
Liquidity
Current ratio	2.5×+0.3×	2.3×0.0×	2.2×0.0×	2.2×-0.2×	2.5×-0.1×
Leverage
Debt-to-equity	0.4×-0.1×	0.4×0.0×	0.4×0.0×	0.5×0.0×	0.5×-0.1×
Net debt / EBITDA	-0.1×+0.1×	-0.2×+0.1×	-0.3×-0.1×	-0.3×-0.1×	-0.2×0.0×
Per Share
Book value per share	$8.42+4.7%	$8.04+0.1%	$8.03+5.1%	$7.64+3.5%	$7.38+8.3%
Valuation
Market capitalization	$266.81B+24.1%	$215.01B+27.3%	$168.85B+38.0%	$122.32B+31.1%	$93.32B+0.4%
Price / earnings	39.8×+5.2×	34.6×+5.5×	29.1×+6.2×	22.8×+2.8×	20×-1.6×
Price / sales	12.3×+1.8×	10.5×+1.8×	8.6×+2.0×	6.6×+1.2×	5.4×-0.3×
Price / book	25.2×+4.0×	21.2×+4.6×	16.6×+4.2×	12.4×+2.6×	9.8×-0.7×
EV / EBITDA	33.9×+4.8×	29×+4.8×	24.3×+5.1×	19.2×+2.9×	16.3×-1.6×
Dividend yield	0.5%-0.1pp	0.6%-0.1pp	0.7%-0.2pp	0.9%-0.3pp	1.2%0.0pp

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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.