TTM
50.0%
YoY change
+1.39pp
Trough year (2002)
28.2%
Peak year (1987)
56.9%
Latest annual
48.7%
Gross Margin history chart for Lam Research (LRCX) from 1986 to 2025
Latest: 48.7%
Gross Margin change chart for Lam Research (LRCX) from 1986 to 2025
Latest: +1.39pp
Gross Margin history table for Lam Research (LRCX) from 1986 to 2025
| 2025 | 48.7% | +1.39pp | ||
| 2024 | 47.3% | +2.69pp | ||
| 2023 | 44.6% | -1.07pp | ||
| 2022 | 45.7% | -0.83pp | ||
| 2021 | 46.5% | +0.65pp | ||
| 2020 | 45.9% | +0.73pp | ||
| 2019 | 45.1% | -1.48pp | ||
| 2018 | 46.6% | +1.66pp | ||
| 2017 | 45.0% | +0.47pp | ||
| 2016 | 44.5% | +1.06pp | ||
| 2015 | 43.4% | -0.14pp | ||
| 2014 | 43.6% | +4.59pp | ||
| 2013 | 39.0% | -1.69pp | ||
| 2012 | 40.7% | -5.57pp | ||
| 2011 | 46.2% | +0.79pp | ||
| 2010 | 45.5% | +10.62pp | ||
| 2009 | 34.8% | -12.58pp | ||
| 2008 | 47.4% | -3.44pp | ||
| 2007 | 50.8% | +0.49pp | ||
| 2006 | 50.4% | -0.45pp | ||
| 2005 | 50.8% | +4.76pp | ||
| 2004 | 46.1% | +5.83pp | ||
| 2003 | 40.2% | +12.02pp | ||
| 2002 | 28.2% | -15.05pp | ||
| 2001 | 43.3% | -0.58pp | ||
| 2000 | 43.8% | +7.83pp | ||
| 1999 | 36.0% | -2.56pp | ||
| 1998 | 38.6% | +7.36pp | ||
| 1997 | 31.2% | -18.84pp | ||
| 1996 | 50.1% | +2.53pp | ||
| 1995 | 47.5% | -1.41pp | ||
| 1994 | 48.9% | -2.23pp | ||
| 1993 | 51.2% | -2.69pp | ||
| 1992 | 53.9% | +5.24pp | ||
| 1991 | 48.6% | -0.25pp | ||
| 1990 | 48.9% | +0.46pp | ||
| 1989 | 48.4% | -4.79pp | ||
| 1988 | 53.2% | -3.66pp | ||
| 1987 | 56.9% | +2.79pp | ||
| 1986 | 54.1% | — |
- 202548.7%+1.39pp
- 202447.3%+2.69pp
- 202344.6%-1.07pp
- 202245.7%-0.83pp
- 202146.5%+0.65pp
- 202045.9%+0.73pp
- 201945.1%-1.48pp
- 201846.6%+1.66pp
- 201745.0%+0.47pp
- 201644.5%+1.06pp
- 201543.4%-0.14pp
- 201443.6%+4.59pp
- 201339.0%-1.69pp
- 201240.7%-5.57pp
- 201146.2%+0.79pp
- 201045.5%+10.62pp
- 200934.8%-12.58pp
- 200847.4%-3.44pp
- 200750.8%+0.49pp
- 200650.4%-0.45pp
- 200550.8%+4.76pp
- 200446.1%+5.83pp
- 200340.2%+12.02pp
- 200228.2%-15.05pp
- 200143.3%-0.58pp
- 200043.8%+7.83pp
- 199936.0%-2.56pp
- 199838.6%+7.36pp
- 199731.2%-18.84pp
- 199650.1%+2.53pp
- 199547.5%-1.41pp
- 199448.9%-2.23pp
- 199351.2%-2.69pp
- 199253.9%+5.24pp
- 199148.6%-0.25pp
- 199048.9%+0.46pp
- 198948.4%-4.79pp
- 198853.2%-3.66pp
- 198756.9%+2.79pp
- 198654.1%—
Gross Margin values are taken from Lam Research's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at Lam Research (LRCX)
According to Lam Research's latest reported financial statements, the company's latest reported gross margin is 50.0%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual gross margin for Lam Research (LRCX) came in at 48.71% – expanded 1.4 percentage points year-over-year.
The highest annual gross margin of 56.86% was reported in 1987. The lowest in the available history was 28.21% in 2002.
Lam Research Gross Margin by Year
Lam Research Gross Margin 2025: 48.7%
2025's gross margin for Lam Research came in at 48.71%, expanded 1.4 percentage points from 2024.
Lam Research Gross Margin 2024: 47.3%
Lam Research posted gross margin of 47.32% in 2024, expanded 2.7 percentage points from 2023.
Lam Research Gross Margin 2023: 44.6%
In 2023, Lam Research reported gross margin of 44.63%, contracted 1.1 percentage points from 2022.
Lam Research Gross Margin 2022: 45.7%
Lam Research gross margin in 2022 was 45.69%, contracted 0.8 percentage points from 2021.
Lam Research Gross Margin 2021: 46.5%
Lam Research gross margin in 2021 was 46.53%.
See more financial history for Lam Research (LRCX).
Sector peers by Gross Margin
Technology peers of Lam Research (LRCX), ranked by their latest gross margin
| 74.1% | |
| 68.3% | |
| 67.0% | |
| 61.8% | |
| 58.4% | |
| 52.6% | |
| 50.3% | |
| 47.9% |
- 74.1%
- 68.3%
- 67.0%
- 61.8%
- 52.6%
- 50.3%
- 47.9%
Frequently asked questions
Lam Research (LRCX) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation