Lam Research (LRCX) Operating Expenses (2009 - 2026)

Lam Research (LRCX) has reported Operating Expenses for 18 consecutive years, with $863.5 million the latest figure, recorded in Q1 2026.

• Operating Expenses for Q1 2026 came in at $863.5 million, up 14.84% year-over-year; the trailing twelve-month figure through Mar 2026 was $3.4 billion (up 15.83% YoY), and the FY2025 annual result was $3.1 billion, up 10.37% from the prior year.
• Operating Expenses improved to $863.5 million in Q1 2026, from $841.0 million in the prior quarter.
• Across five years, Operating Expenses topped out at $863.5 million in Q1 2026 and bottomed at $603.5 million in Q2 2023.
• Historically, Operating Expenses has averaged $722.1 million across 5 years, with a median of $713.5 million in 2024.
• The sharpest annual moves came in 2023 and 2025: Operating Expenses slipped 2.84% in 2023, then climbed 18.93% in 2025.
• Over 5 years, Operating Expenses stood at $696.2 million in 2022, then grew by 0.58% to $700.2 million in 2023, then gained by 5.55% to $739.1 million in 2024, then increased by 13.78% to $841.0 million in 2025, then gained by 2.68% to $863.5 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $863.5 million, $841.0 million, and $855.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.