Lam Research (LRCX) FCF Margin (2009 - 2026)
Lam Research's FCF Margin came in at 39.42% for fiscal Q1 2027 (quarter ended Sep 27, 2026), up 9.48 percentage points from 29.94% a year earlier and up 20.55 percentage points from the prior quarter.
Lam Research (LRCX) FCF Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 27, 2026, Lam Research reported FCF Margin of 25.02%, down 3.31 percentage points year-over-year; for FY2026 (ended Jun 28, 2026), it came in at 21.05%, down 8.31 percentage points from FY2025.
- FCF Margin carries a five-year change of -1.09 percentage points (FY2021 to FY2026).
- Going back by fiscal year, FCF Margin was 29.37% in FY2025 (+0.82 pp), 28.55% in FY2024 (+1.71 pp), 26.84% in FY2023 (+12.01 pp) and 14.82% in FY2022 (-7.32 pp).
- The fiscal Q1 2027 figure represents the highest quarterly FCF Margin since fiscal Q4 2025.
- Year-over-year, FCF Margin increased in three of the last eight quarters, with an average year-over-year change of -3.64 percentage points.
- The fastest year-over-year change in FCF Margin over five years came in fiscal Q3 2023 (a gain of 26.45 percentage points), and the weakest in fiscal Q4 2026 (a drop of 27.19 percentage points).
- Business Quant data shows LRCX's FCF Margin at 18.87% (Q4 2026), 13.86% (Q3 2026) and 22.81% (Q2 2026) in the three fiscal quarters before Q1 2027.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,084.14 Bn | 4,858.30 Bn | 72.14 Bn | 22.24% |
| 2 | Taiwan Semiconductor Manufacturing | 2,168.94 Bn | 1,795.12 Bn | 27.22 Bn | 61.66% |
| 3 | Broadcom | 1,535.70 Bn | 1,461.75 Bn | 20.46 Bn | 46.18% |
| 4 | Micron Technology | 992.51 Bn | 898.15 Bn | 47.05 Bn | 60.60% |
| 5 | Advanced Micro Devices | 843.40 Bn | 800.15 Bn | 6.20 Bn | 13.51% |
| 6 | Asml Holding | 605.80 Bn | 561.49 Bn | 5.90 Bn | - |
| 7 | Intel | 438.54 Bn | 323.27 Bn | 6.51 Bn | 27.59% |
| 8 | Applied Materials | 299.38 Bn | 264.82 Bn | 4.59 Bn | 25.56% |
| 9 | Lam Research | 287.43 Bn | 263.48 Bn | 4.30 Bn | 39.42% |
| 10 | Texas Instruments | 260.14 Bn | 235.01 Bn | 3.89 Bn | 48.82% |
Historic Data
| Date | Value |
|---|---|
| Sep 27, 2026 | 39.42% |
| Jun 28, 2026 | 18.87% |
| Mar 29, 2026 | 13.86% |
| Dec 28, 2025 | 22.81% |
| Sep 28, 2025 | 29.94% |
| Jun 29, 2025 | 46.06% |
| Mar 30, 2025 | 21.62% |
| Dec 29, 2024 | 12.65% |
| Sep 29, 2024 | 34.98% |
| Jun 30, 2024 | 19.67% |
| Mar 31, 2024 | 33.77% |
| Dec 24, 2023 | 35.62% |
| Sep 24, 2023 | 25.10% |
| Jun 25, 2023 | 32.55% |
| Mar 26, 2023 | 41.53% |
| Dec 25, 2022 | 18.51% |
| Sep 25, 2022 | 20.68% |
| Jun 26, 2022 | 6.86% |
| Mar 27, 2022 | 15.08% |
| Dec 26, 2021 | 30.81% |
Lam Research FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=LRCX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "LRCX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=LRCX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();