Lam Research (LRCX) Gross Margin (2009 - 2026)

Lam Research's Gross Margin history runs 18 years deep, the most recent figure standing at 49.83% for Q1 2026.

• In Q1 2026, Gross Margin rose 81.0% year-over-year to 49.83%; the TTM figure through Mar 2026 stood at 49.98% (up 195.0% YoY), while the FY2025 annual figure was 48.71%, up 139.0% from the prior year.
• Gross Margin was 49.83% for Q1 2026 at Lam Research, roughly flat from 49.6% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 50.43% in Q3 2025 to a low of 41.49% in Q1 2023.
• Historically, Gross Margin has averaged 47.16% across 5 years, with a median of 47.46% in 2024.
• The sharpest annual moves came in 2023 and 2024: Gross Margin tumbled 325 bps in 2023, then surged 597 bps in 2024.
• A 5-year view of Gross Margin shows it stood at 45.03% in 2022, then climbed by 4 bps to 46.76% in 2023, then rose by 1 bps to 47.37% in 2024, then increased by 5 bps to 49.6% in 2025, then increased by 0 bps to 49.83% in 2026.
• The last three Gross Margin figures came in at 49.83% (Q1 2026), 49.6% (Q4 2025), and 50.43% (Q3 2025), per Business Quant data.