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

Lam Research (LRCX) has reported Gross Margin for 18 consecutive years, with 49.83% the latest figure, recorded in Q1 2026.

• Gross Margin for Q1 2026 came in at 49.83%, up 81.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 49.98% (up 195.0% YoY), and the FY2025 annual result was 48.71%, up 139.0% from the prior year.
• Gross Margin was little changed at 49.83% in Q1 2026, from 49.6% in the prior quarter.
• Across five years, Gross Margin topped out at 50.43% in Q3 2025 and bottomed at 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 sank 325 bps in 2023, then soared 597 bps in 2024.
• Over 5 years, Gross Margin stood at 45.03% in 2022, then gained by 4 bps to 46.76% in 2023, then grew by 1 bps to 47.37% in 2024, then climbed by 5 bps to 49.6% in 2025, then climbed by 0 bps to 49.83% in 2026.
• According to Business Quant data, Gross Margin over the past three periods registered 49.83%, 49.6%, and 50.43% for Q1 2026, Q4 2025, and Q3 2025 respectively.