Lam Research Corp.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $23.23B | $18.44B | $14.91B | $17.43B | $17.23B | $14.63B | $10.04B | $9.65B |
| Systems | — | — | $8.91B | $11.88B | $11.39B | $9.79B | $6.50B | $6.37B |
| Customer Support-Related and Other | — | — | $5.99B | $5.54B | $5.84B | $4.84B | $3.54B | $3.29B |
| Cost of Revenue | $11.51B | $9.46B | $7.85B | $9.65B | $9.36B | $7.82B | $5.44B | $5.30B |
| Gross Profit | $11.73B | $8.98B | $7.05B | $7.78B | $7.87B | $6.81B | $4.61B | $4.36B |
| Gross Margin | 50.5% | 48.7% | 47.3% | 44.6% | 45.7% | 46.5% | 45.9% | 45.1% |
| Operating Expenses | ||||||||
| Research & Development | $2.38B | $2.10B | $1.90B | $1.73B | $1.60B | $1.49B | $1.25B | $1.19B |
| SG&A Expense | $1.15B | $981.7M | $868.2M | $832.8M | $885.7M | $829.9M | $682.5M | $702.4M |
| Operating Income | $8.20B | $5.90B | $4.26B | $5.17B | $5.38B | $4.48B | $2.67B | $2.46B |
| Operating Margin | 35.3% | 32.0% | 28.6% | 29.7% | 31.2% | 30.6% | 26.6% | 25.5% |
| Interest Expense | $155.9M | $177.2M | $183.0M | $186.5M | $184.8M | $208.6M | $177.4M | $117.3M |
| Pretax Income | $8.26B | $5.96B | $4.36B | $5.11B | $5.19B | $4.37B | $2.57B | $2.45B |
| Income Tax Expense | $997.1M | $599.9M | $532.5M | $598.3M | $587.8M | $462.3M | $323.2M | $255.1M |
| Net Income | $7.27B | $5.36B | $3.83B | $4.51B | $4.61B | $3.91B | $2.25B | $2.19B |
| Net Margin | 31.3% | 29.1% | 25.7% | 25.9% | 26.7% | 26.7% | 22.4% | 22.7% |
| EPS (Basic) | $5.79 | $4.17 | $2.91 | $3.33 | $3.29 | $2.72 | $1.56 | $1.44 |
| EPS (Diluted) | $5.76 | $4.15 | $2.90 | $3.32 | $3.28 | $2.69 | $1.51 | $1.37 |
| Shares Outstanding (Basic) | 1.26B | 1.29B | 1.31B | 1.35B | 1.40B | 1.44B | 1.45B | 1.52B |
| Shares Outstanding (Diluted) | 1.26B | 1.29B | 1.32B | 1.36B | 1.41B | 1.45B | 1.49B | 1.60B |
| Dividends Per Share | $1.04 | $0.92 | $0.80 | $0.69 | $0.60 | $0.52 | $0.46 | $0.44 |