LRCX Lam Research margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 96

Gross margin

51.1%

Operating margin

37%

EBITDA margin

39%

Net margin

32.3%

Based on the latest figures, Lam Research reports a gross margin of 51.1%, an operating margin of 37%, an EBITDA margin of 39%, and a net margin of 32.3%. Operating margin had the largest improvement, expanding by 4 percentage points, while the other available margins also increased.

LRCX margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Lam Research recorded average margins of 48.48% gross, 31.53% operating, 34.1% EBITDA, and 28.2% net. The current gross, operating, EBITDA, and net margins are all above their three-year averages.

LRCX margin expansion

Year-over-year margin changes in percentage points

Year over year, gross, operating, EBITDA, and net margins all increased, with operating margin showing the largest gain at 4 percentage points.

Gross margin expansion

1.8pp

Operating margin expansion

4pp

EBITDA margin expansion

3.7pp

Net margin expansion

2.6pp

LRCX Gross margin

Across the last 3 years, Lam Research had an average gross margin of 48.48%. Against its three-year average, Lam Research's gross margin is currently 51.1%, 2.6 percentage points above its three-year average. Looking back over the last 3 years, Lam Research's gross margin reached 51.1% at its highest point in Sep 2026 and 45.2% at its lowest in Dec 2023.

LRCX Operating margin

Across the last 3 years, Lam Research's operating margin stood at 31.53%. The current operating margin stands at 37%, 5.5 percentage points above its three-year average. Operating margin was highest at 37% in Sep 2026 and lowest at 27.1% in Dec 2023.

LRCX EBITDA margin

The average EBITDA margin for Lam Research was 34.1% across the past 3 years. Right now, Lam Research's current EBITDA margin is 39%, which is 4.9 percentage points above its three-year average. The EBITDA margin for Lam Research moved between 29.9% in Dec 2023 and 39% in Sep 2026.

LRCX Net margin

Over the last 3 years, Lam Research's net margin averaged 28.2%. As of the latest period, Lam Research's current net margin is 32.3%, which is 4.1 percentage points above its three-year average. During this period, net margin reached a high of 32.3% in Sep 2026 and a low of 24.2% in Dec 2023.

LRCX margin group comparison

Margins compared with peer-group, industry and sector averages

Lam Research's gross margin of 51.1% is above the industry and its peers average but below the Technology sector average. But when looking at its Technology sector average of 52.4%, Lam Research's gross margin is only 2.5% lower.

LRCX margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Lam Research's gross margin?

For the period ending Sep 27, 2026, LRCX recorded a gross margin of 51.1%.

What is Lam Research's operating margin?

The current operating margin for LRCX is 37% as of Sep 27, 2026.

What is Lam Research's EBITDA margin?

The current EBITDA margin for LRCX is 39% as of Sep 27, 2026.

What is Lam Research's net margin?

The current net margin for LRCX is 32.3% as of Sep 27, 2026.

What are the average margins of LRCX?

Across the last 3 years, LRCX averaged 48.5% gross, 31.5% operating, 34.1% EBITDA, and 28.2% net.

What are the highest historical margins of LRCX?

Within the 5-year period, LRCX recorded its highest margins at 51.1% gross in Sep 2026, 37% operating in Sep 2026, 39% EBITDA in Sep 2026, and 32.3% net in Sep 2026.

What are the lowest historical margins of LRCX?

Across the 5-year period, LRCX posted its lowest margins at 44.6% gross in Mar 2023, 27.1% operating in Dec 2023, 29.9% EBITDA in Dec 2023, and 24.2% net in Dec 2023.