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Operating Margin for Lam Research (LRCX)

As of · Reported

Metric

TTM

34.3%

YoY change

+3.40pp

Trough year (2009)

-25.2%

Peak year (2025)

32.0%

Operating Margin history chart for Lam Research (LRCX) from 1986 to 2025

Latest: 32.0%

Operating Margin change chart for Lam Research (LRCX) from 1986 to 2025

Latest: +3.40pp

Operating Margin history table for Lam Research (LRCX) from 1986 to 2025

  • 202532.0%+3.40pp
  • 202428.6%-1.09pp
  • 202329.7%-1.55pp
  • 202231.2%+0.60pp
  • 202130.6%+4.02pp
  • 202026.6%+1.09pp
  • 201925.5%-3.48pp
  • 201829.0%+5.27pp
  • 201723.7%+5.48pp
  • 201618.3%+3.27pp
  • 201515.0%+0.28pp
  • 201414.7%+11.43pp
  • 20133.3%-5.64pp
  • 20128.9%-15.92pp
  • 201124.8%+4.90pp
  • 201019.9%+45.14pp
  • 2009-25.2%-45.79pp
  • 200820.6%-9.75pp
  • 200730.3%+5.69pp
  • 200624.6%-1.38pp
  • 200526.0%+14.68pp
  • 200411.3%+12.06pp
  • 2003-0.7%+11.99pp
  • 2002-12.7%-24.98pp
  • 200112.3%-6.40pp
  • 200018.7%+36.15pp
  • 1999-17.5%-0.28pp
  • 1998-17.2%-10.82pp
  • 1997-6.4%-21.33pp
  • 199615.0%+0.14pp
  • 199514.8%+4.21pp
  • 199410.6%+1.56pp
  • 19939.1%+3.50pp
  • 19925.6%+3.09pp
  • 19912.5%+11.13pp
  • 1990-8.7%-15.57pp
  • 19896.9%+3.30pp
  • 19883.6%+23.99pp
  • 1987-20.4%-18.36pp
  • 1986-2.0%—

Operating 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 Operating Margin at Lam Research (LRCX)

According to Lam Research's latest reported financial statements, the company's latest reported operating margin is 34.3%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

2025's annual operating margin for Lam Research (LRCX) came in at 32.01% – expanded 3.4 percentage points year-over-year.

The record annual operating margin stands at 32.01%, reached in 2025; the historical low of -25.20% was recorded in 2009.

Lam Research Operating Margin by Year

Lam Research Operating Margin 2025: 32.0%

Lam Research posted operating margin of 32.01% in 2025, expanded 3.4 percentage points from 2024. This figure represents the highest annual value in the available history.

Lam Research Operating Margin 2024: 28.6%

In 2024, Lam Research reported operating margin of 28.61%, contracted 1.1 percentage points from 2023.

Lam Research Operating Margin 2023: 29.7%

Lam Research operating margin in 2023 was 29.69%, contracted 1.5 percentage points from 2022.

Lam Research Operating Margin 2022: 31.2%

2022's operating margin for Lam Research came in at 31.24%, expanded 0.6 percentage points from 2021.

Lam Research Operating Margin 2021: 30.6%

Lam Research operating margin in 2021 was 30.64%.

See more financial history for Lam Research (LRCX).

Sector peers by Operating Margin

Technology peers of Lam Research (LRCX), ranked by their latest operating margin

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