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LRCX · Q1 FY2027 (Jul-Sep 2026)

Lam Research Q1 FY2027
Out of every $100 in sales, $40 was operating profit

Revenue
$8.2B
+54% vs. a year ago
Operating income
$3.3B
+80% vs. a year ago
Net income
$2.8B
+76% vs. a year ago
Operating margin
40%
34% → 40%

Where every $100 of sales went

Per $100 of sales
Revenue
$100
$8.2B
−Cost of revenue
−$48
$3.9B
Gross profit
$52
$4.3B
−R&D
−$8.1
$0.7B
−SG&A
−$4.2
$0.3B
Operating income
$40
$3.3B
−Taxes & non-operating items
−$6.5
$0.5B
Net income
$33
$2.8B

Last 8 quarters: revenue and operating income

30%FY25 Q233%FY25 Q334%FY25 Q434%FY26 Q134%FY26 Q235%FY26 Q337%FY26 Q440%FY27 Q1

Quarter by quarter

QuarterRevenueOperating incomeOperating marginNet income
Q1 FY2027 (Jul-Sep 2026)$8.2B$3.3B40.0%$2.8B
Q4 FY2026 (Apr-Jun 2026)$6.7B$2.5B37.4%$2.3B
Q3 FY2026 (Jan-Mar 2026)$5.8B$2.0B35.0%$1.8B
Q2 FY2026 (Oct-Dec 2025)$5.3B$1.8B33.9%$1.6B
Q1 FY2026 (Jul-Sep 2025)$5.3B$1.8B34.4%$1.6B
Q4 FY2025 (Apr-Jun 2025)$5.2B$1.7B33.7%$1.7B
Q3 FY2025 (Jan-Mar 2025)$4.7B$1.6B33.1%$1.3B
Q2 FY2025 (Oct-Dec 2024)$4.4B$1.3B30.5%$1.2B

XBRL figures from the company's 10-Q and 10-K filings with the SEC. The fourth quarter is the full year minus the first three. Where gross profit isn't reported, it is revenue minus cost of revenue. For information only, not investment advice.

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