Lam Research (LRCX) Operating Expenses (2009 - 2026)
Lam Research (LRCX) posted Operating Expenses of $965.3 million for Q2 2026, up 11.78% on a QoQ basis from $863.5 million in Q1 2026, and up 13.75% year-over-year from $848.6 million in Q2 2025.
Analysis
Lam Research (LRCX) Operating Expenses (2009 - 2026) Analysis & Trends
Lam Research has reported Operating Expenses for 18 years, with the latest figure at $965.3 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 13.75% year-over-year to $965.3 million in Q2 2026; TTM through Jun 2026 was $3.5 billion, a 14.54% increase from a year earlier, with the FY2026 full-year figure at $3.5 billion, up 14.54% from the prior year.
- Operating Expenses was $965.3 million for Q2 2026 at Lam Research, up from $863.5 million in the prior quarter.
- The five-year high for Operating Expenses was $965.3 million in Q2 2026, with the low at $603.5 million in Q2 2023.
- Average Operating Expenses over 5 years is $735.6 million, with a median of $726.0 million recorded in 2024.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses fell 2.84% in 2023, then rose 18.93% in 2025.
- Over 5 years, Operating Expenses stood at $696.2 million in 2022, then gained by 0.58% to $700.2 million in 2023, then grew by 5.55% to $739.1 million in 2024, then advanced by 13.78% to $841.0 million in 2025, then increased by 14.78% to $965.3 million in 2026.
- The last three Operating Expenses figures came in at $965.3 million (Q2 2026), $863.5 million (Q1 2026), and $841.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Lam Research | 374.58 Bn | 369.00 Bn | 3.48 Bn | 965.25 Mn |
| 2 | Applied Materials | 362.85 Bn | 353.62 Bn | 4.59 Bn | 1.51 Bn |
| 3 | Kla | 237.04 Bn | 235.39 Bn | 2.24 Bn | 690.50 Mn |
| 4 | Mks | 18.07 Bn | 17.46 Bn | 595.00 Mn | 282.00 Mn |
| 5 | Onto Innovation | 13.82 Bn | 11.94 Bn | 183.25 Mn | 119.70 Mn |
| 6 | Nova | 11.15 Bn | 10.53 Bn | 144.16 Mn | 67.98 Mn |
| 7 | Camtek | 6.80 Bn | 6.49 Bn | 66.70 Mn | 39.48 Mn |
| 8 | ACM Research | 4.89 Bn | 3.55 Bn | 134.62 Mn | 84.88 Mn |
| 9 | Kulicke & Soffa Industries | 4.50 Bn | 3.98 Bn | 157.95 Mn | 89.68 Mn |
| 10 | Axcelis Technologies | 3.52 Bn | 3.12 Bn | 91.19 Mn | 70.91 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 965.25 Mn |
| Mar 29, 2026 | 863.51 Mn |
| Dec 28, 2025 | 840.96 Mn |
| Sep 28, 2025 | 855.79 Mn |
| Jun 29, 2025 | 848.58 Mn |
| Mar 30, 2025 | 751.93 Mn |
| Dec 29, 2024 | 739.10 Mn |
| Sep 29, 2024 | 738.49 Mn |
| Jun 30, 2024 | 713.54 Mn |
| Mar 31, 2024 | 743.42 Mn |
| Dec 24, 2023 | 700.24 Mn |
| Sep 24, 2023 | 631.67 Mn |
| Jun 25, 2023 | 603.52 Mn |
| Mar 26, 2023 | 663.36 Mn |
| Dec 25, 2022 | 696.19 Mn |
| Sep 25, 2022 | 639.00 Mn |
| Jun 26, 2022 | 621.16 Mn |
| Mar 27, 2022 | 624.53 Mn |
| Dec 26, 2021 | 639.78 Mn |
| Sep 26, 2021 | 604.52 Mn |