Lam Research Corporation (LRCX) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
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 March 2, 2026, Lam Research Corporation (LRCX) generated trailing twelve-month (TTM) revenue of $20.56 billion, reflecting exceptional growth of +22.1% year-over-year. The most recent quarter (Q2 2026) recorded $5.34 billion in revenue, up 0.4% 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 ASML (+11.0% YoY), AMAT (+4.4% YoY), and ACMR (+20.8% YoY), LRCX has outperformed the peer group in terms of revenue growth. Compare LRCX vs ASML →
Peer Comparison
Compare LRCX's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| LRCXCurrent | $20.6B | +22.1% | +12.9% | 32.0% | |
| ASML | $31.4B | +11.0% | +17.6% | 34.6% | |
| AMAT | $28.4B | +4.4% | +10.5% | 29.2% | |
| ACMR | $782M | +20.8% | +48.7% | 19.3% | |
| ACLS | $839M | -17.6% | +12.1% | 14.2% | |
| VECO | $664M | -7.4% | +7.9% | 5.4% |
Historical Revenue Data
| 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% |
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Start ComparisonFrequently Asked Questions
Is LRCX's revenue growth accelerating or slowing?
LRCX revenue is accelerating at +22.1% year-over-year, exceeding the 5-year CAGR of +12.9%. TTM revenue reached $20.6B. 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 +22.1% 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.