Lam Research Corporation (LRCX) Financials
This record covers Q3 FY2026. Lam Research has since filed a 10-K for the period ended 2026-06-28, on 2026-08-07 (SEC accession 0000707549-26-000037), which this page does not yet cover. Next expected filing: 10-Q ~2026-10-23.
PeriodQ3 FY2026
Published
Lam Research reported $5.84 billion in revenue for Q3 FY2026, the quarter ended March 29, 2026, up 23.8% from a year earlier, and net income of $1.83 billion, up 37.2%. Diluted earnings per share were $1.45, against $1.03 in the same quarter last year. Sales of wafer fabrication systems, the larger of the company's two revenue lines, came to $3.73 billion, up 22.9%, on broad strength in equipment spending across foundry and memory customers as AI demand lifted industry investment, while gross margin of 49.8% was up 0.8 points, which Lam attributes to favorable customer mix; a lower effective tax rate than a year earlier added to the growth in earnings.
| Metric | Amount | vs. year ago |
|---|---|---|
| Revenue | $5,841,488,000 | up 23.8% |
| Net income | $1,825,460,000 | up 37.2% |
| Diluted EPS | $1.45 | up 40.8% |
| Gross margin | 49.8% | up 0.8 points |
| Systems revenue | $3,730,582,000 | up 22.9% |
Company details
| Name | Lam Research Corp |
|---|---|
| Ticker | LRCX |
| CIK | 0000707549 |
| Exchange | Nasdaq |
| State | California |
| Incorporation | Delaware |
| SIC | 3559 |
| Office | Technology |
| Industry | Special Industry Machinery, NEC |
| Latest period covered | Q3 FY2026, ended 2026-03-29, 10-Q, accession 0000707549-26-000022 |
| Fiscal year end | 06/28 (MM/DD) |
Data files
- Financial statementsPage Annual financial statements plus the latest quarter: income statement, balance sheet, cash flow. Actual dollars, actual shares. Sourcing notes and uncertainties included.
- 10-K and 10-Q summaryPage Qualitative synthesis of the latest 10-K + 10-Q: business, risk factors (quarter-over-quarter changes flagged), MD&A, legal proceedings, subsequent events.
- 8-K filings and eventsPage Digest of material 8-K filings: earnings headlines, management changes, capital-return and financing actions, governance. SEC accession numbers cited throughout.
FAQ · Lam Research Q3 FY2026
How much revenue did Lam Research report in Q3 FY2026?
Lam Research reported $5.84 billion in revenue for Q3 FY2026, the quarter ended March 29, 2026. That is up 23.8% from $4.72 billion in the same quarter a year earlier.
What was Lam Research's earnings per share in Q3 FY2026?
Lam Research reported diluted earnings per share of $1.45 for Q3 FY2026, the quarter ended March 29, 2026, compared with $1.03 a year earlier. Net income for the quarter was $1.83 billion, up 37.2%.
What is Lam Research's gross margin?
Lam Research's gross margin was 49.8% in Q3 FY2026, the quarter ended March 29, 2026, up 0.8 points from 49.0% a year earlier. The company attributes the year-over-year improvement to favorable customer mix, with factory efficiency reduced by higher tariff-related spend.
How much of Lam Research's revenue comes from equipment sales rather than service?
Of the $5.84 billion in revenue Lam Research reported for Q3 FY2026, $3.73 billion came from sales of wafer fabrication systems, up 22.9% from a year earlier. The remainder is customer support related revenue from spares, upgrades and services on the installed base.
Where can I get Lam Research Corporation (LRCX) financial data in machine-readable form?
Ticker Scout publishes Lam Research Corporation's financial statements as JSON at https://tickerscout.ai/lrcx/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/lrcx/narrative.md and https://tickerscout.ai/lrcx/events.md. Lam Research Corporation's SEC CIK is 0000707549. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.
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How this page was built
This page was built from Lam Research Corporation's own filings with the SEC, read one at a time, and nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names six such gaps.
A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.
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Data extracted from SEC filings (accession numbers cited in each file). The undated URLs hold the latest period and are replaced in place each quarter; every period also stays published at its own dated URL, which never changes. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer.