Operating Income for Lam Research (LRCX)
According to Lam Research's latest reported financial statements, the company's current operating income (TTM) is $7.43B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
LRCX
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$7.43B
YoY change
+38.4%
5Y CAGR
+17.2%
Peak year (2025)
$5.90B
Cumulative operating income
$41.82B
Operating Income history chart for Lam Research (LRCX) from 1986 to 2025
Operating Income history table for Lam Research (LRCX) from 1986 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $5.90B | +38.4% | ||
| 2024 | $4.26B | -17.6% | ||
| 2023 | $5.17B | -3.8% | ||
| 2022 | $5.38B | +20.1% | ||
| 2021 | $4.48B | +67.6% | ||
| 2020 | $2.67B | +8.5% | ||
| 2019 | $2.46B | -23.3% | ||
| 2018 | $3.21B | +68.9% | ||
| 2017 | $1.90B | +77.1% | ||
| 2016 | $1.07B | +36.3% | ||
| 2015 | $788.04M | +16.3% | ||
| 2014 | $677.67M | +474.0% | ||
| 2013 | $118.07M | -50.3% | ||
| 2012 | $237.73M | -70.4% | ||
| 2011 | $804.28M | +89.1% | ||
| 2010 | $425.41M | -251.3% | ||
| 2009 | -$281.24M | -155.2% | ||
| 2008 | $509.43M | -34.6% | ||
| 2007 | $778.66M | +92.4% | ||
| 2006 | $404.77M | +3.5% | ||
| 2005 | $391.00M | +268.2% | ||
| 2004 | $106.18M | -2071.8% | ||
| 2003 | -$5.38M | -95.5% | ||
| 2002 | -$119.84M | -164.2% | ||
| 2001 | $186.53M | -18.8% | ||
| 2000 | $229.84M | -303.0% | ||
| 1999 | -$113.20M | -37.4% | ||
| 1998 | -$180.92M | +183.6% | ||
| 1997 | -$63.79M | -132.5% | ||
| 1996 | $196.10M | +65.6% | ||
| 1995 | $118.39M | +129.9% | ||
| 1994 | $51.50M | +118.2% | ||
| 1993 | $23.60M | +156.5% | ||
| 1992 | $9.20M | +170.6% | ||
| 1991 | $3.40M | -128.6% | ||
| 1990 | -$11.90M | -236.8% | ||
| 1989 | $8.70M | +222.2% | ||
| 1988 | $2.70M | -151.9% | ||
| 1987 | -$5.20M | +642.9% | ||
| 1986 | -$700,000 | — |
Operating Income values are taken from Lam Research's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Lam Research (LRCX) reported operating income of $5.90B – surged 38.4% year-over-year.
Through 2020–2025 (5 years), Lam Research operating income delivered a +17.2% annualised rate; with the latest reading among the more recent periods of the dataset.
Across the available history, operating income reached its high of $5.90B in 2025 and its low of -$281.24M in 2009.
Among 8 Technology peers, Lam Research (LRCX) ranks 8th; the peer median for operating income is $77.01B.
Lam Research Operating Income by Year
Lam Research Operating Income 2025: $5.90B
Lam Research operating income in 2025 was $5.90B, surged 38.4% from 2024. This figure represents the highest annual value in the available history.
Lam Research Operating Income 2024: $4.26B
Lam Research operating income in 2024 was $4.26B, declined 17.6% below 2023.
Lam Research Operating Income 2023: $5.17B
Lam Research operating income in 2023 was $5.17B, edged down 3.8% below 2022.
Lam Research Operating Income 2022: $5.38B
Lam Research operating income in 2022 was $5.38B, grew 20.1% from 2021.
Lam Research Operating Income 2021: $4.48B
Lam Research operating income in 2021 was $4.48B.
See more financial history for Lam Research (LRCX).
Sector peers — Operating Income
Companies in the same sector as Lam Research, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.96T | Technology |
| Apple Inc. (AAPL) | $133.05B | Technology |
| NVIDIA Corporation (NVDA) | $130.39B | Technology |
| Microsoft Corporation (MSFT) | $128.53B | Technology |
| Broadcom Inc. (AVGO) | $25.48B | Technology |
| ASML Holding N.V. (ASML) | $11.30B | Technology |
| Micron Technology, Inc. (MU) | $9.87B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $3.69B | Technology |
Frequently asked questions
What is Lam Research's operating income?
- Latest reported operating income for Lam Research (LRCX) is $7.43B (period ending March 29, 2026).
How has Lam Research operating income changed year-over-year?
- Lam Research (LRCX) operating income changed +38.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Lam Research operating income?
- Lam Research (LRCX) operating income compound annual growth rate is +17.2% over the most recent 5 years available.
When did Lam Research operating income hit its highest annual value?
- Lam Research operating income reached its highest annual value of $5.90B in 2025.
What was Lam Research operating income in 2024?
- Lam Research (LRCX) operating income in 2024 was $4.26B.
What was Lam Research operating income in 2025?
- Lam Research (LRCX) operating income in 2025 was $5.90B.
Metrics overview
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