LRCX Lam Research margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 95

Gross margin

50.5%

Operating margin

35.3%

EBITDA margin

37.5%

Net margin

31.3%

Based on the latest figures, Lam Research reports a gross margin of 50.5%, an operating margin of 35.3%, an EBITDA margin of 37.5%, and a net margin of 31.3%. Operating margin had the largest improvement, expanding by 3.3 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 48.25% gross, 31.04% operating, 33.65% EBITDA, and 27.83% 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 3.3 percentage points.

Gross margin expansion

1.8pp

Operating margin expansion

3.3pp

EBITDA margin expansion

3.1pp

Net margin expansion

2.2pp

LRCX Gross margin

Across the last 3 years, Lam Research had an average gross margin of 48.25%. Against its three-year average, Lam Research's gross margin is currently 50.5%, 2.3 percentage points above its three-year average. Looking back over the last 3 years, Lam Research's gross margin reached 50.5% at its highest point in Jun 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 31.04%. The current operating margin stands at 35.3%, 4.3 percentage points above its three-year average. Operating margin was highest at 35.3% in Jun 2026 and lowest at 27.1% in Dec 2023.

LRCX EBITDA margin

The average EBITDA margin for Lam Research was 33.65% across the past 3 years. Right now, Lam Research's current EBITDA margin is 37.5%, which is 3.9 percentage points above its three-year average. The EBITDA margin for Lam Research moved between 29.9% in Dec 2023 and 37.5% in Jun 2026.

LRCX Net margin

Over the last 3 years, Lam Research's net margin averaged 27.83%. As of the latest period, Lam Research's current net margin is 31.3%, which is 3.5 percentage points above its three-year average. During this period, net margin reached a high of 31.3% in Jun 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 50.5% is above the industry and its peers average but below the Technology sector average. But when looking at its Technology sector average of 52.1%, Lam Research's gross margin is only 3.1% lower.

LRCX margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Lam Research's gross margin?

For the period ending Jun 28, 2026, LRCX recorded a gross margin of 50.5%.

What is Lam Research's operating margin?

The current operating margin for LRCX is 35.3% as of Jun 28, 2026.

What is Lam Research's EBITDA margin?

The current EBITDA margin for LRCX is 37.5% as of Jun 28, 2026.

What is Lam Research's net margin?

The current net margin for LRCX is 31.3% as of Jun 28, 2026.

What are the average margins of LRCX?

Across the last 3 years, LRCX averaged 48.3% gross, 31.0% operating, 33.7% EBITDA, and 27.8% net.

What are the highest historical margins of LRCX?

Within the 5-year period, LRCX recorded its highest margins at 50.5% gross in Jun 2026, 35.3% operating in Jun 2026, 37.5% EBITDA in Jun 2026, and 31.3% net in Jun 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.