# LAM Research Corp: overview

LRCX · Nasdaq · CIK 707549 · [Industrials](/sectors/industrials.md) · fiscal year ends Jun 27

Pages: [Overview](/companies/lrcx.md) · [Financials](/companies/lrcx/financials.md) · [Filings](/companies/lrcx/filings.md) · [Insiders](/companies/lrcx/insiders.md)

Latest reported revenue: [$8.22bn](/filings/0000707549-26-000054.md) for Q1 FY2027, three months to 2026-09-27, from the 10-Q filed Oct 22, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0000707549-26-000054).

## Last eight quarters

| Line item | Unit | Q2 FY2025 (2024-12-29) | Q3 FY2025 (2025-03-30) | Q4 FY2025 (2025-06-29) | Q1 FY2026 (2025-09-28) | Q2 FY2026 (2025-12-28) | Q3 FY2026 (2026-03-29) | Q4 FY2026 (2026-06-28) | Q1 FY2027 (2026-09-27) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [4,376](/filings/0000707549-26-000009.md) | [4,720](/filings/0000707549-26-000022.md) | [5,171 d](/filings/0000707549-26-000037.md) | [5,324](/filings/0000707549-26-000054.md) | [5,345](/filings/0000707549-26-000009.md) | [5,841](/filings/0000707549-26-000022.md) | [6,722 d](/filings/0000707549-26-000037.md) | [8,219](/filings/0000707549-26-000054.md) |
| Gross margin | % | [47.4%](/filings/0000707549-26-000009.md) | [49.0%](/filings/0000707549-26-000022.md) | [50.1% d](/filings/0000707549-26-000037.md) | [50.4%](/filings/0000707549-26-000054.md) | [49.6%](/filings/0000707549-26-000009.md) | [49.8%](/filings/0000707549-26-000022.md) | [51.7% d](/filings/0000707549-26-000037.md) | [52.3%](/filings/0000707549-26-000054.md) |
| Operating margin | % | [30.5%](/filings/0000707549-26-000009.md) | [33.1%](/filings/0000707549-26-000022.md) | [33.7% d](/filings/0000707549-26-000037.md) | [34.4%](/filings/0000707549-26-000054.md) | [33.9%](/filings/0000707549-26-000009.md) | [35.0%](/filings/0000707549-26-000022.md) | [37.4% d](/filings/0000707549-26-000037.md) | [40.0%](/filings/0000707549-26-000054.md) |
| Net margin | % | [27.2%](/filings/0000707549-26-000009.md) | [28.2%](/filings/0000707549-26-000022.md) | [33.3% d](/filings/0000707549-26-000037.md) | [29.5%](/filings/0000707549-26-000054.md) | [29.8%](/filings/0000707549-26-000009.md) | [31.2%](/filings/0000707549-26-000022.md) | [33.9% d](/filings/0000707549-26-000037.md) | [33.5%](/filings/0000707549-26-000054.md) |
| Diluted EPS | $ per share | [0.92](/filings/0000707549-26-000009.md) | [1.03](/filings/0000707549-26-000022.md) | not reported | [1.24](/filings/0000707549-26-000054.md) | [1.26](/filings/0000707549-26-000009.md) | [1.45](/filings/0000707549-26-000022.md) | not reported | [2.19](/filings/0000707549-26-000054.md) |
| Free cash flow | $m | [554 d](/filings/0000707549-26-000009.md) | [1,021 d](/filings/0000707549-26-000022.md) | [2,382 d](/filings/0000707549-26-000037.md) | [1,594](/filings/0000707549-26-000054.md) | [1,219 d](/filings/0000707549-26-000009.md) | [810 d](/filings/0000707549-26-000022.md) | [1,268 d](/filings/0000707549-26-000037.md) | [3,240](/filings/0000707549-26-000054.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets. Derived values: 6-month figure less the 3-month figure; 9-month figure less the 6-month figure; 12-month figure less the 9-month figure.

## Last five fiscal years

| Line item | Unit | FY2022 (2022-06-26) | FY2023 (2023-06-25) | FY2024 (2024-06-30) | FY2025 (2025-06-29) | FY2026 (2026-06-28) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $bn | [17.2](/filings/0000707549-24-000106.md) | [17.4](/filings/0000707549-25-000075.md) | [14.9](/filings/0000707549-26-000037.md) | [18.4](/filings/0000707549-26-000037.md) | [23.2](/filings/0000707549-26-000037.md) |
| Gross margin | % | [45.7%](/filings/0000707549-24-000106.md) | [44.6%](/filings/0000707549-25-000075.md) | [47.3%](/filings/0000707549-26-000037.md) | [48.7%](/filings/0000707549-26-000037.md) | [50.5%](/filings/0000707549-26-000037.md) |
| Operating margin | % | [31.2%](/filings/0000707549-24-000106.md) | [29.7%](/filings/0000707549-25-000075.md) | [28.6%](/filings/0000707549-26-000037.md) | [32.0%](/filings/0000707549-26-000037.md) | [35.3%](/filings/0000707549-26-000037.md) |
| Net margin | % | [26.7%](/filings/0000707549-24-000106.md) | [25.9%](/filings/0000707549-25-000075.md) | [25.7%](/filings/0000707549-26-000037.md) | [29.1%](/filings/0000707549-26-000037.md) | [31.3%](/filings/0000707549-26-000037.md) |
| Diluted EPS | $ per share | [32.75](/filings/0000707549-24-000106.md) | [3.32](/filings/0000707549-25-000075.md) | [2.90](/filings/0000707549-26-000037.md) | [4.15](/filings/0000707549-26-000037.md) | [5.76](/filings/0000707549-26-000037.md) |
| Free cash flow | $bn | [2.6](/filings/0000707549-24-000106.md) | [4.7](/filings/0000707549-25-000075.md) | [4.3](/filings/0000707549-26-000037.md) | [5.4](/filings/0000707549-26-000037.md) | [4.9](/filings/0000707549-26-000037.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/lrcx/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $57.51bn | 132,727,776 |  | Reduced −124,544 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $35.40bn | 81,683,639 |  | Added +527,895 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $26.32bn | 60,704,130 |  | Added +1,545,830 |
| [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $22.67bn | 52,319,973 |  | Added +28,064,410 |
| [JPMORGAN CHASE & CO](/funds/19617.md) | 2026-06-30 | $18.62bn | 45,317,479 |  | Added +12,604,546 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $15.88bn | 36,635,534 |  | Reduced −425,429 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $14.92bn | 34,506,240 |  | Reduced −669,686 |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $14.59bn | 33,677,858 |  | Added +103,016 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $8.33bn | 19,217,787 |  | Added +246,665 |
| [NORGES BANK](/funds/1374170.md) | 2026-06-30 | $7.85bn | 18,123,399 |  | New +18,123,399 |

## Recent filings

[All 1,483 filings](/companies/lrcx/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-22 | 16:07 ET | [10-Q](/filings/0000707549-26-000054.md) | Quarterly report, period 2026-09-27 | 0000707549-26-000054 |
| 2026-10-21 | 16:13 ET | [8-K](/filings/0000707549-26-000052.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0000707549-26-000052 |
| 2026-09-24 | 16:05 ET | [DEF 14A](/filings/0000707549-26-000047.md) | Proxy statement, period 2026-11-03 | 0000707549-26-000047 |
| 2026-08-27 | 17:20 ET | [8-K](/filings/0000707549-26-000043.md) | 5.02 Departure or appointment of officers or directors | 0000707549-26-000043 |
| 2026-08-07 | 16:06 ET | [10-K](/filings/0000707549-26-000037.md) | Annual report, period 2026-06-28 | 0000707549-26-000037 |
| 2026-07-29 | 16:07 ET | [8-K](/filings/0000707549-26-000033.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0000707549-26-000033 |
| 2026-04-23 | 16:05 ET | [10-Q](/filings/0000707549-26-000022.md) | Quarterly report, period 2026-03-29 | 0000707549-26-000022 |
| 2026-04-22 | 16:09 ET | [8-K](/filings/0000707549-26-000020.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0000707549-26-000020 |
| 2026-02-04 | 20:08 ET | [8-K/A](/filings/0000707549-26-000014.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0000707549-26-000014 |
| 2026-02-03 | 16:13 ET | [8-K](/filings/0000707549-26-000012.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0000707549-26-000012 |

## Latest annual report

[Form 10-K for the fiscal year ended Jun 28, 2026](/filings/0000707549-26-000037.md), filed Aug 7, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 707549
- Tickers: LRCX
- Exchange: Nasdaq
- SIC code: 3559 Special Industry Machinery, NEC
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 26, 2026, 13:50 ET. No prices; not investment advice.