Financials in USD. Standardized financial statements.
A compact view of how Lam Research Corporation turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $18.44B | $14.91B | $17.43B | $17.23B | $14.63B | $10.04B | $9.65B | $11.08B | $8.01B | $5.89B |
| Revenue Growth? | +23.7% | -14.5% | +1.2% | +17.8% | +45.6% | +4.1% | -12.9% | +38.2% | +36.1% | 0.0% |
| Cost of Revenue? | $9.46B | $7.85B | $9.65B | $9.36B | $7.82B | $5.44B | $5.30B | $5.91B | $4.41B | $3.27B |
| Gross Profit? | $8.98B | $7.05B | $7.78B | $7.87B | $6.81B | $4.61B | $4.36B | $5.17B | $3.60B | $2.62B |
| Gross Margin? | +48.7% | +47.3% | +44.6% | +45.7% | +46.5% | +45.9% | +45.1% | +46.6% | +45.0% | +44.5% |
| Operating Expenses? | $3.08B | $2.79B | $2.60B | $2.49B | $2.32B | $1.93B | $1.89B | $1.95B | $1.70B | $1.54B |
| Operating Income? | $5.90B | $4.26B | $5.17B | $5.38B | $4.48B | $2.67B | $2.46B | $3.21B | $1.90B | $1.07B |
| EBITDA? | $6.34B | $4.91B | $5.64B | $5.71B | $4.89B | $3.02B | $2.87B | $3.58B | $2.24B | $1.39B |
| Income Before Tax | $5.96B | $4.36B | $5.11B | $5.19B | $4.37B | $2.57B | $2.45B | $3.15B | $1.81B | $960.12M |
| Income Tax Expense | $599.91M | $532.45M | $598.28M | $587.83M | $462.35M | $323.23M | $255.14M | $771.11M | $113.91M | $46.07M |
| Net Income? | $5.36B | $3.83B | $4.51B | $4.61B | $3.91B | $2.25B | $2.19B | $2.38B | $1.70B | $914.05M |
| EPS? | $4.17 | $2.91 | $3.33 | $3.29 | $2.72 | $1.56 | $1.44 | $1.47 | $1.05 | $0.58 |
| Diluted EPS? | $4.15 | $2.90 | $3.32 | $3.27 | $2.69 | $1.51 | $1.37 | $1.32 | $0.92 | $0.52 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality