Lam Research Corporation (LRCX) Earnings History
Elite Compounder37 years of earnings data (1989–2025) · 5-year EPS CAGR exceeds 18% — top-tier earnings quality
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Lam Research Corporation (LRCX) Earnings Overview
As of June 21, 2026, Lam Research Corporation (LRCX) reported trailing twelve-month net income of $6.71B, reflecting +43.1% year-over-year growth. The company earned $5.34 per diluted share over the past four quarters, with a net profit margin of 29.1%.
Looking at the long-term picture, LRCX's 5-year EPS compound annual growth rate (CAGR) stands at +22.4%, indicating exceptional earnings growth. The company achieved its highest annual net income of $5.36B in fiscal 2025, representing a new all-time high.
Lam Research Corporation maintains industry-leading profitability with a gross margin of 48.7%, operating margin of 32.0%, and net margin of 29.1%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including AMAT ($8.51B net income, 24.7% margin), KLAC ($4.67B net income, 33.4% margin), ASML ($9.23B net income, 29.4% margin), LRCX has outperformed on profitability metrics. Compare LRCX vs AMAT →
LRCX Earnings vs Peers
Earnings metrics vs comparable public companies
LRCX Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $5.36B | +40.0% | $5.90B | $4.15 | 29.1% | 32.0% |
| 2024 | $3.83B | -15.1% | $4.26B | $2.90 | 25.7% | 28.6% |
| 2023 | $4.51B | -2.0% | $5.17B | $3.32 | 25.9% | 29.7% |
| 2022 | $4.61B | +17.8% | $5.38B | $3.27 | 26.7% | 31.2% |
| 2021 | $3.91B | +73.6% | $4.48B | $2.69 | 26.7% | 30.6% |
| 2020 | $2.25B | +2.8% | $2.67B | $1.51 | 22.4% | 26.6% |
| 2019 | $2.19B | -7.9% | $2.46B | $1.37 | 22.7% | 25.5% |
| 2018 | $2.38B | +40.2% | $3.21B | $1.32 | 21.5% | 29.0% |
| 2017 | $1.70B | +85.7% | $1.90B | $0.92 | 21.2% | 23.7% |
| 2016 | $914M | +39.4% | $1.07B | $0.52 | 15.5% | 18.3% |
| 2015 | $656M | +3.7% | $788M | $0.37 | 12.5% | 15.0% |
| 2014 | $632M | +455.2% | $678M | $0.36 | 13.7% | 14.7% |
| 2013 | $114M | -32.5% | $118M | $0.07 | 3.2% | 3.3% |
| 2012 | $169M | -76.7% | $238M | $0.14 | 6.3% | 8.9% |
| 2011 | $724M | +108.8% | $804M | $0.58 | 22.4% | 24.8% |
| 2010 | $347M | +214.7% | $425M | $0.27 | 16.2% | 19.9% |
| 2009 | -$302M | -168.8% | -$281M | $-0.24 | -27.1% | -25.2% |
| 2008 | $439M | -35.9% | $509M | $0.35 | 17.8% | 20.6% |
| 2007 | $686M | +104.3% | $779M | $0.49 | 26.7% | 30.3% |
| 2006 | $336M | +12.2% | $405M | $0.23 | 20.4% | 24.6% |
| 2005 | $299M | +260.7% | $391M | $0.21 | 19.9% | 26.0% |
| 2004 | $83M | +1172.3% | $106M | $0.05 | 8.9% | 11.3% |
| 2003 | -$8M | +91.4% | -$5M | $-0.01 | -1.0% | -0.7% |
| 2002 | -$90M | -272.8% | -$120M | $-0.07 | -9.5% | -12.7% |
| 2001 | $52M | -74.6% | $187M | $0.04 | 3.4% | 12.3% |
| 2000 | $205M | +281.3% | $230M | $0.15 | 16.6% | 18.7% |
| 1999 | -$113M | +21.9% | -$113M | $-0.10 | -17.4% | -17.5% |
| 1998 | -$145M | -329.9% | -$181M | $-0.13 | -13.7% | -17.2% |
| 1997 | -$34M | -123.1% | -$64M | $-0.04 | -3.4% | -6.4% |
| 1996 | $146M | +63.5% | $196M | $0.13 | 11.1% | 15.0% |
| 1995 | $89M | +136.0% | $118M | $0.10 | 11.2% | 14.8% |
| 1994 | $38M | +100.0% | $52M | $0.04 | 7.8% | 10.6% |
| 1993 | $19M | +90.9% | $24M | $0.03 | 7.3% | 9.1% |
| 1992 | $10M | +62.3% | $9M | $0.02 | 6.0% | 5.6% |
| 1991 | $6M | +169.3% | $3M | $0.01 | 4.4% | 2.5% |
| 1990 | -$9M | -194.6% | -$12M | $-0.02 | -6.4% | -8.7% |
| 1989 | $9M | - | $9M | $0.02 | 7.4% | 6.9% |
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LRCX — Frequently Asked Questions
Quick answers to the most common questions about buying LRCX stock.
What is LRCX earnings per share (EPS)?
LRCX trailing twelve-month (TTM) diluted EPS is $5.34, reflecting +43.1% year-over-year growth. The 5-year EPS CAGR is +22.4%. Complete EPS history from 1989 to 2025 is available in the table on this page.
What is Lam Research Corporation's net income?
Lam Research Corporation (LRCX) trailing twelve-month net income is $6.7B as of 2025. Earnings grew +43.1% year-over-year. Lam Research Corporation has been profitable for 16 consecutive years.
Is LRCX profitable?
Yes, LRCX is profitable with a TTM net income of $6.7B and a net profit margin of +29.1%. Lam Research Corporation has generated profits for 16 consecutive years.
What is LRCX's earnings growth rate?
LRCX compound annual EPS growth rates (CAGR): 1-Year: +43.1%, 3-Year: +8.3%, 5-Year: +22.4%, 10-Year: +27.3%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2025.
What are LRCX's profit margins?
Lam Research Corporation net profit margin is +29.1%, operating margin is +32.0%, and gross margin is +48.7%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +58.2%.
Is LRCX growing earnings?
Yes, LRCX earnings are accelerating — EPS growth of +43.1% exceeds the 5-year CAGR of +22.4%. TTM net income reached $6.7B. Earnings momentum is strengthening.
What was LRCX's best earnings year?
Lam Research Corporation's highest annual net income on record is $5.4B, achieved in fiscal year 2025. Earnings history on this page spans 1989 to 2025 and includes all annual and quarterly figures.
What were LRCX's earnings last quarter?
LRCX's most recent reported quarter was Q3 2026. Net income was $1.8B with diluted EPS of $1.45. For a full breakdown of all quarters, see the quarterly earnings table on this page.