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LRCX (Lam Research Corporation) Stock Financials & Earnings | Market Cap Arena
2026 Q2
LRCX
Lam Research Corporation
Mkt Cap
$269B
LRCX
Lam Research Corporation
$269B
2026 Q2
Company Info & Key Metrics
Technology
Semiconductors
Country
🇺🇸 United States
Exchange
NASDAQ
Revenue
$5.3B
YoY Growth
+22.1%
QoQ Growth
+0.4%
Net Income
$1.6B
EPS
$1.26
Free Cash Flow
$1.7B
Gross Margin
49.6%
Op. Margin
33.9%
Net Margin
29.8%
FCF Margin
31.2%
Rev Multiple (TTM)
13.1x
P/E Ratio (TTM)
43.2x
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q3 23
$3.9B
$1.6B
$942M
Q4 23
$3.2B
$1.5B
$855M
Q1 24
$3.5B
$1.7B
$1.0B
Q2 24
$3.8B
$1.8B
$1.1B
Q3 24
$3.8B
$1.8B
$1.1B
Q4 24
$3.9B
$1.8B
$1.1B
Q1 25
$4.2B
$2.0B
$1.3B
Q2 25
$4.4B
$2.1B
$1.3B
Q3 25
$4.7B
$2.3B
$1.6B
Q4 25
$5.2B
$2.6B
$1.7B
Q1 26
$5.3B
$2.7B
$1.8B
Q2 26
$5.3B
$2.7B
$1.8B
marketcaparena.com
Revenue Breakdown
LRCX
Lam Research Corporation
Revenue Breakdown
Q2 2026
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q3 23
14.2x
54.6x
Q4 23
15.4x
59.6x
Q1 24
17.0x
67.6x
Q2 24
18.8x
77.7x
Q3 24
18.9x
74.4x
Q4 24
18.0x
70.2x
Q1 25
17.2x
66.2x
Q2 25
16.6x
62.6x
Q3 25
15.7x
57.7x
Q4 25
14.6x
50.1x
Q1 26
13.7x
46.2x
Q2 26
13.1x
43.2x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q3 23
$1.7B
$1.6B
Q4 23
$1.1B
$1.0B
Q1 24
$951M
$874M
Q2 24
$1.5B
$1.3B
Q3 24
$1.4B
$1.3B
Q4 24
$862M
$762M
Q1 25
$1.6B
$1.5B
Q2 25
$742M
$853M
Q3 25
$1.3B
$1.0B
Q4 25
$2.6B
$2.4B
Q1 26
$1.8B
$1.6B
Q2 26
$1.5B
$1.7B
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q3 23
$119M
Q4 23
$79M
Q1 24
$77M
Q2 24
$115M
Q3 24
$104M
Q4 24
$101M
Q1 25
$111M
Q2 25
$111M
Q3 25
$288M
Q4 25
$172M
Q1 26
$185M
Q2 26
$185M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q3 23
-4.7%
+2.1%
Q4 23
-30.8%
-25.5%
Q1 24
-31.4%
-27.2%
Q2 24
-28.8%
-24.9%
Q3 24
-2.0%
-6.5%
Q4 24
+20.7%
+16.7%
Q1 25
+19.7%
+18.1%
Q2 25
+16.4%
+12.6%
Q3 25
+24.4%
+15.4%
Q4 25
+33.6%
+25.0%
Q1 26
+27.7%
+20.4%
Q2 26
+22.1%
+16.2%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q3 23
$74M
1.9%
Q4 23
$68M
2.1%
Q1 24
$67M
1.9%
Q2 24
$70M
1.9%
Q3 24
$77M
2.0%
Q4 24
$79M
2.0%
Q1 25
$80M
1.9%
Q2 25
$82M
1.9%
Q3 25
$87M
1.8%
Q4 25
$94M
1.8%
Q1 26
$97M
1.8%
Q2 26
$89M
1.7%
marketcaparena.com
OpEx Breakdown
R&D
SG&A
Quarter
R&D
SG&A
Q3 23
$429M
$194M
Q4 23
$402M
$200M
Q1 24
$423M
$207M
Q2 24
$470M
$229M
Q3 24
$512M
$215M
Q4 24
$498M
$217M
Q1 25
$495M
$243M
Q2 25
$495M
$244M
Q3 25
$526M
$226M
Q4 25
$580M
$268M
Q1 26
$576M
$279M
Q2 26
$573M
$268M
marketcaparena.com
Revenue Segments
Customer Support and Other
System
Quarter
Customer Support and Other
System
Q3 23
$1.6B
$2.3B
Q1 24
$1.4B
$2.1B
Q2 24
$1.5B
$2.3B
Q3 24
$1.4B
$2.4B
Q4 24
$1.7B
$2.2B
Q1 25
$1.8B
$2.4B
Q2 25
$1.8B
$2.6B
Q3 25
$1.7B
$3.0B
Q4 25
$1.7B
$3.4B
Q1 26
$1.8B
$3.5B
Q2 26
$2.0B
$3.4B
marketcaparena.com
Revenue by Geography
China
Europe
Japan
Korea, Republic Of
South East Asia
Taiwan, Province Of China
United States
Quarter
China
Europe
Japan
Korea, Republic Of
South East Asia
Taiwan, Province Of China
United States
Q3 23
$840M
$312M
$406M
$848M
$156M
$714M
$594M
Q1 24
$1.7B
$238M
$325M
$548M
$159M
$242M
$282M
Q2 24
$1.5B
$176M
$513M
$712M
$146M
$500M
$219M
Q4 24
$1.5B
$115M
$283M
$697M
$489M
$594M
$376M
Q3 25
$1.5B
$134M
$475M
$1.2B
—
$1.1B
$190M
Q4 25
$1.8B
$90M
$741M
$1.1B
—
$966M
$286M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q3 23
$5.3B
$64M
$5.4B
Q4 23
$5.3B
$38M
$5.4B
Q1 24
$5.1B
$31M
$5.2B
Q2 24
$5.6B
$15M
$5.6B
Q3 24
$5.7B
$0
$5.7B
Q4 24
$5.8B
$0
$5.8B
Q1 25
$6.1B
$0
$6.1B
Q2 25
$5.7B
$0
$5.7B
Q3 25
$5.5B
$0
$5.5B
Q4 25
$6.4B
$0
$6.4B
Q1 26
$6.7B
$0
$6.7B
Q2 26
$6.2B
$0
$6.2B
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q3 23
1.35B
-0.7%
Q4 23
1.34B
-0.7%
Q1 24
1.33B
-0.9%
Q2 24
1.32B
-0.7%
Q3 24
1.32B
-0.5%
Q4 24
1.32B
+0.4%
Q1 25
1.30B
-1.2%
Q2 25
1.29B
-1.0%
Q3 25
1.29B
-0.3%
Q4 25
1.28B
-0.9%
Q1 26
1.27B
-0.6%
Q2 26
1.27B
-0.3%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$709K
7K
FY 15
$720K
7K
FY 16
$785K
8K
FY 17
$853K
9K
FY 18
$1M
11K
FY 19
$902K
11K
FY 20
$889K
11K
FY 21
$1M
14K
FY 22
$973K
18K
FY 23
$1M
17K
FY 24
$854K
17K
FY 25
$970K
19K
marketcaparena.com