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

Lam Research (LRCX) has reported Operating Margin for 18 consecutive years, with 35.04% the latest figure, recorded in 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 came in at 35.04% for Q1 2026 at Lam Research, up from 33.87% in the prior quarter.
• The five-year high for Operating Margin was 35.04% in Q1 2026, with the low at 24.35% in Q1 2023.
• Average Operating Margin over 5 years is 30.76%, with a median of 30.48% recorded in 2024.
• Across the five-year window, Operating Margin sank 527 bps in 2023 and surged 522 bps in 2025, its largest moves.
• Year by year, Operating Margin stood at 31.84% in 2022, then decreased by 12 bps to 28.13% in 2023, then rose by 8 bps to 30.48% in 2024, then grew by 11 bps to 33.87% in 2025, then gained by 3 bps to 35.04% in 2026.
• According to Business Quant data, Operating Margin over the past three periods registered 35.04%, 33.87%, and 34.35% for Q1 2026, Q4 2025, and Q3 2025 respectively.