Lam Research (LRCX) Gross Margin (2009 - 2026)
Lam Research (LRCX) reported Gross Margin of 51.75% for fiscal Q4 2026 (quarter ended Jun 28, 2026), up 1.67 percentage points from 50.08% a year earlier and up 1.92 percentage points from the prior quarter.
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Analysis
Lam Research (LRCX) Gross Margin (2009 - 2026) Analysis & Trends
For FY2026 (ended Jun 28, 2026), Lam Research posted Gross Margin of 50.47%, up 1.76 percentage points from FY2025.
- Gross Margin has increased for three consecutive fiscal years, with a five-year change of +3.94 percentage points (FY2021 to FY2026).
- By fiscal year, Gross Margin came in at 48.71% in FY2025 (+1.39 pp), 47.32% in FY2024 (+2.70 pp), 44.62% in FY2023 (-1.07 pp) and 45.69% in FY2022 (-0.83 pp).
- The fiscal Q4 2026 figure ranks as the highest quarterly Gross Margin in data going back to fiscal Q1 2010.
- Year over year, Gross Margin has now increased in each of the last 13 quarters, with an average year-over-year change of +1.54 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was fiscal Q3 2024 (a gain of 5.97 percentage points); the low point was fiscal Q3 2023 (a drop of 3.25 percentage points).
- Per Business Quant data, the three fiscal quarters before Q4 2026 came in at 49.83% (Q3 2026), 49.60% (Q2 2026) and 50.43% (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,503.96 Bn | 5,278.12 Bn | 72.14 Bn | 74.98% |
| 2 | Taiwan Semiconductor Manufacturing | 2,366.45 Bn | 1,992.15 Bn | 27.22 Bn | 67.72% |
| 3 | Broadcom | 1,676.58 Bn | 1,602.63 Bn | 20.46 Bn | 69.13% |
| 4 | Micron Technology | 1,202.51 Bn | 1,141.27 Bn | 35.06 Bn | 84.56% |
| 5 | Advanced Micro Devices | 998.39 Bn | 955.14 Bn | 6.20 Bn | 53.77% |
| 6 | Asml Holding | 698.25 Bn | 654.08 Bn | 5.90 Bn | 52.15% |
| 7 | Intel | 606.32 Bn | 491.05 Bn | 6.51 Bn | 40.36% |
| 8 | Lam Research | 411.06 Bn | 387.85 Bn | 3.48 Bn | 51.75% |
| 9 | Applied Materials | 405.83 Bn | 371.27 Bn | 4.59 Bn | 50.31% |
| 10 | Arm Holdings | 307.33 Bn | 293.04 Bn | 1.25 Bn | 97.21% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 51.75% |
| Mar 29, 2026 | 49.83% |
| Dec 28, 2025 | 49.60% |
| Sep 28, 2025 | 50.43% |
| Jun 29, 2025 | 50.08% |
| Mar 30, 2025 | 49.02% |
| Dec 29, 2024 | 47.37% |
| Sep 29, 2024 | 48.05% |
| Jun 30, 2024 | 47.53% |
| Mar 31, 2024 | 47.46% |
| Dec 24, 2023 | 46.76% |
| Sep 24, 2023 | 47.52% |
| Jun 25, 2023 | 45.46% |
| Mar 26, 2023 | 41.49% |
| Dec 25, 2022 | 45.03% |
| Sep 25, 2022 | 46.05% |
| Jun 26, 2022 | 45.31% |
| Mar 27, 2022 | 44.74% |
| Dec 26, 2021 | 46.80% |
| Sep 26, 2021 | 45.92% |
API Access
Lam Research Gross 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=gross-margin&ticker=LRCX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=LRCX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();