Lam Research Corporation (LRCX) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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LRCX Revenue Growth
Revenue Breakdown (FY 2025)
LRCX's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
LRCX Revenue Analysis (2014–2025)
As of May 6, 2026, Lam Research Corporation (LRCX) generated trailing twelve-month (TTM) revenue of $21.68 billion, reflecting exceptional growth of +23.8% year-over-year. The most recent quarter (Q3 2026) recorded $5.84 billion in revenue, up 9.3% sequentially.
Looking at the longer-term picture, LRCX's 5-year compound annual growth rate (CAGR) stands at +12.9%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $18.44 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows LRCX's business is primarily driven by System (62%), and Customer Support and Other (38%). With over half of revenue concentrated in System, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including AMAT (+4.4% YoY), KLAC (+13.4% YoY), and ASML (+11.0% YoY), LRCX has underperformed the peer group in terms of revenue growth. Compare LRCX vs AMAT →
LRCX Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| LRCXCurrent | $21.7B | +23.8% | +12.9% | 32.0% | |
 AMAT | $28.4B | +4.4% | +10.5% | 29.2% | |
 KLAC | $12.2B | +13.4% | +15.9% | 43.1% | |
 ASML | $31.4B | +11.0% | +17.6% | 34.6% | |
 TER | $3.2B | +30.3% | +0.4% | 21.7% | |
 ONTO | $1.0B | -1.5% | +12.6% | 13.2% |
LRCX Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $18.44B | +23.7% | $8.98B | 48.7% | $5.90B | 32.0% |
| 2024 | $14.91B | -14.5% | $7.05B | 47.3% | $4.26B | 28.6% |
| 2023 | $17.43B | +1.2% | $7.78B | 44.6% | $5.17B | 29.7% |
| 2022 | $17.23B | +17.8% | $7.87B | 45.7% | $5.38B | 31.2% |
| 2021 | $14.63B | +45.6% | $6.81B | 46.5% | $4.48B | 30.6% |
| 2020 | $10.04B | +4.1% | $4.61B | 45.9% | $2.67B | 26.6% |
| 2019 | $9.65B | -12.9% | $4.36B | 45.1% | $2.46B | 25.5% |
| 2018 | $11.08B | +38.2% | $5.17B | 46.6% | $3.21B | 29.0% |
| 2017 | $8.01B | +36.1% | $3.60B | 45.0% | $1.90B | 23.7% |
| 2016 | $5.89B | +11.9% | $2.62B | 44.5% | $1.07B | 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's revenue growth accelerating or slowing?
LRCX revenue is accelerating at +23.8% year-over-year, exceeding the 5-year CAGR of +12.9%. TTM revenue reached $21.7B. Growth momentum has increased versus prior periods.
What is LRCX's long-term revenue growth rate?
Lam Research Corporation's 5-year revenue CAGR of +12.9% reflects the sustained expansion pattern. Current YoY growth of +23.8% is above this long-term average.
How is LRCX's revenue distributed by segment?
LRCX reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.