Lam Research Corporation (LRCX) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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LRCX EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
LRCX Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 48.7% | 32.0% | 29.1% |
| 2024 | 47.3% | 28.6% | 25.7% |
| 2023 | 44.6% | 29.7% | 25.9% |
| 2022 | 45.7% | 31.2% | 26.7% |
| 2021 | 46.5% | 30.6% | 26.7% |
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Lam Research Corporation (LRCX) Earnings Overview
As of May 6, 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 ($7.00B 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% |
Full LRCX Stock Analysis
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Start ComparisonLRCX — Frequently Asked Questions
Quick answers to the most common questions about buying LRCX stock.
Is LRCX growing earnings?
LRCX EPS is $5.34, with earnings growth accelerating to +43.1%. This exceeds the 5-year CAGR of +22.4%. TTM net income reached $6.7B.
What are LRCX's profit margins?
Lam Research Corporation net margin is +29.1%, with operating margin at +32.0%. Above-average margins indicate pricing power.
How consistent are LRCX's earnings?
LRCX earnings data spans 1989-2025. The accelerating earnings trend is +43.1% YoY. Historical data enables comparison across business cycles.