Lam Research annual operating margin
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2026
Lam Research Operating Margin Growth & History (LRCX)
Lam Research's operating margin was 35.29% for fiscal 2026.
View full Lam Research company overviewLam Research annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2026 | 2026-06-28 | 35.29% | +3.29 pp |
| 2025 | 2025-06-29 | 32.01% | +3.40 pp |
| 2024 | 2024-06-30 | 28.61% | −1.09 pp |
| 2023 | 2023-06-25 | 29.69% | −1.55 pp |
| 2022 | 2022-06-26 | 31.24% | +0.60 pp |
| 2021 | 2021-06-27 | 30.64% | +4.02 pp |
| 2020 | 2020-06-28 | 26.62% | +1.09 pp |
| 2019 | 2019-06-30 | 25.53% | −3.48 pp |
| 2018 | 2018-06-24 | 29.01% | +5.27 pp |
| 2017 | 2017-06-25 | 23.74% | +5.48 pp |
| 2016 | 2016-06-26 | 18.25% | +3.27 pp |
| 2015 | 2015-06-28 | 14.98% | +0.28 pp |
| 2014 | 2014-06-29 | 14.71% | +11.43 pp |
| 2013 | 2013-06-30 | 3.28% | −5.64 pp |
| 2012 | 2012-06-24 | 8.92% | −15.92 pp |
| 2011 | 2011-06-26 | 24.84% | +4.90 pp |
| 2010 | 2010-06-27 | 19.94% | +45.14 pp |
| 2009 | 2009-06-28 | −25.20% | — |
Lam Research quarterly operating margin
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| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q4 2026 | 2026-06-28 | 37.39% | +3.72 pp |
| Q3 2026 | 2026-03-29 | 35.04% | +1.96 pp |
| Q2 2026 | 2025-12-28 | 33.87% | +3.39 pp |
| Q1 2026 | 2025-09-28 | 34.35% | +4.02 pp |
| Q4 2025 | 2025-06-29 | 33.67% | +4.57 pp |
| Q3 2025 | 2025-03-30 | 33.09% | +5.22 pp |
| Q2 2025 | 2024-12-29 | 30.48% | +2.35 pp |
| Q1 2025 | 2024-09-29 | 30.33% | +0.95 pp |
| Q4 2024 | 2024-06-30 | 29.10% | +2.45 pp |
| Q3 2024 | 2024-03-31 | 27.87% | +3.52 pp |
| Q2 2024 | 2023-12-24 | 28.13% | −3.71 pp |
| Q1 2024 | 2023-09-24 | 29.38% | −4.08 pp |
| Q4 2023 | 2023-06-25 | 26.65% | −5.27 pp |
| Q3 2023 | 2023-03-26 | 24.35% | −5.01 pp |
| Q2 2023 | 2022-12-25 | 31.84% | +0.18 pp |
| Q1 2023 | 2022-09-25 | 33.46% | +1.58 pp |
| Q4 2022 | 2022-06-26 | 31.91% | +0.17 pp |
| Q3 2022 | 2022-03-27 | 29.36% | −1.71 pp |
| Q2 2022 | 2021-12-26 | 31.66% | +2.45 pp |
| Q1 2022 | 2021-09-26 | 31.88% | +1.63 pp |
| Q4 2021 | 2021-06-27 | 31.75% | +4.68 pp |
| Q3 2021 | 2021-03-28 | 31.07% | +3.34 pp |
| Q2 2021 | 2020-12-27 | 29.21% | +2.64 pp |
| Q1 2021 | 2020-09-27 | 30.25% | +5.43 pp |
| Q4 2020 | 2020-06-28 | 27.07% | +0.93 pp |
| Q3 2020 | 2020-03-29 | 27.72% | +4.54 pp |
| Q2 2020 | 2019-12-29 | 26.57% | −0.79 pp |
| Q1 2020 | 2019-09-29 | 24.82% | −0.57 pp |
| Q4 2019 | 2019-06-30 | 26.13% | −4.42 pp |
| Q3 2019 | 2019-03-31 | 23.19% | −5.43 pp |
| Q2 2019 | 2018-12-23 | 27.37% | −1.20 pp |
| Q1 2019 | 2018-09-23 | 25.39% | −2.58 pp |
| Q4 2018 | 2018-06-24 | 30.56% | +4.63 pp |
| Q3 2018 | 2018-03-25 | 28.61% | +3.62 pp |
| Q2 2018 | 2017-12-24 | 28.57% | +5.20 pp |
| Q1 2018 | 2017-09-24 | 27.97% | +8.62 pp |
| Q4 2017 | 2017-06-25 | 25.93% | +5.93 pp |
| Q3 2017 | 2017-03-26 | 25.00% | +10.48 pp |
| Q2 2017 | 2016-12-25 | 23.37% | +6.61 pp |
| Q1 2017 | 2016-09-25 | 19.35% | −1.61 pp |
| Q4 2016 | 2016-06-26 | 20.00% | +7.10 pp |
| Q3 2016 | 2016-03-27 | 14.52% | −2.71 pp |
| Q2 2016 | 2015-12-27 | 16.75% | +1.44 pp |
| Q1 2016 | 2015-09-27 | 20.96% | +6.36 pp |
| Q4 2015 | 2015-06-28 | 12.90% | −4.39 pp |
| Q3 2015 | 2015-03-29 | 17.22% | +1.58 pp |
| Q2 2015 | 2014-12-28 | 15.32% | +0.58 pp |
| Q1 2015 | 2014-09-28 | 14.60% | +4.22 pp |
| Q4 2014 | 2014-06-29 | 17.28% | +8.51 pp |
| Q3 2014 | 2014-03-30 | 15.64% | +14.36 pp |
| Q2 2014 | 2013-12-29 | 14.74% | +14.27 pp |
| Q1 2014 | 2013-09-29 | 10.38% | +8.54 pp |
| Q4 2013 | 2013-06-30 | 8.77% | +4.37 pp |
| Q3 2013 | 2013-03-31 | 1.28% | −7.54 pp |
| Q2 2013 | 2012-12-23 | 0.47% | −7.67 pp |
| Q1 2013 | 2012-09-23 | 1.84% | −12.77 pp |
| Q4 2012 | 2012-06-24 | 4.40% | −14.50 pp |
| Q3 2012 | 2012-03-25 | 8.82% | −15.53 pp |
| Q2 2012 | 2011-12-25 | 8.14% | −19.55 pp |
| Q1 2012 | 2011-09-25 | 14.61% | −13.19 pp |
| Q4 2011 | 2011-06-26 | 18.91% | −3.49 pp |
| Q3 2011 | 2011-03-27 | 24.35% | +0.79 pp |
| Q2 2011 | 2010-12-26 | 27.69% | +8.94 pp |
| Q1 2011 | 2010-09-26 | 27.80% | +18.61 pp |
| Q4 2010 | 2010-06-27 | 22.40% | — |
| Q3 2010 | 2010-03-28 | 23.56% | — |
| Q2 2010 | 2009-12-27 | 18.75% | — |
| Q1 2010 | 2009-09-27 | 9.18% | — |
Lam Research operating margin trends
Over the last five reported fiscal years, Lam Research's operating margin increased from 30.64% to 35.29%, a change of +4.65 percentage points. The latest reported quarter, Q4 2026, shows 37.39%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Lam Research filings at SEC.gov ↗