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

Lam Research's Operating Margin history runs 18 years deep, the most recent figure standing at 35.04% for Q1 2026.

• In Q1 2026, Operating Margin rose 196.0% year-over-year to 35.04%; the TTM figure through Mar 2026 stood at 34.26% (up 341.0% YoY), while the FY2025 annual figure was 32.01%, up 340.0% from the prior year.
• Operating Margin was 35.04% for Q1 2026 at Lam Research, up from 33.87% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 35.04% in Q1 2026 to a low of 24.35% in Q1 2023.
• Historically, Operating Margin has averaged 30.76% across 5 years, with a median of 30.48% in 2024.
• The sharpest annual moves came in 2023 and 2025: Operating Margin plunged 527 bps in 2023, then surged 522 bps in 2025.
• A 5-year view of Operating Margin shows it stood at 31.84% in 2022, then declined by 12 bps to 28.13% in 2023, then climbed by 8 bps to 30.48% in 2024, then gained by 11 bps to 33.87% in 2025, then grew by 3 bps to 35.04% in 2026.
• The last three Operating Margin figures came in at 35.04% (Q1 2026), 33.87% (Q4 2025), and 34.35% (Q3 2025), per Business Quant data.