Direct Answer
Lam Research reported revenue of $23.2 billion for the fiscal year ended June 28, 2026, with an operating margin of 35.3% and net income of $7.3 billion, according to its SEC filings. Revenue grew 26.0% from the prior year.
What Are Lam Research's Key Financial Figures?
| Fiscal year | FY2026 ended June 28, 2026 | FY2025 ended June 29, 2025 |
|---|---|---|
| Revenue | $23.2 billion | $18.4 billion |
| Operating income | $8.2 billion | $5.9 billion |
| Operating margin | 35.3% | 32.0% |
| Net income | $7.3 billion | $5.4 billion |
| Net margin | 31.3% | 29.1% |
| Operating cash flow | $5.9 billion | $6.2 billion |
| Capital expenditures | $966 million | $759 million |
| Free cash flow | $4.9 billion | $5.4 billion |
Operating margin widened by 3.3 percentage points between fiscal 2025 and 2026, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $4.9 billion against net income of $7.3 billion; cash generation fell short of reported earnings, which is worth reconciling in the cash flow statement.
What Does Lam Research's Balance Sheet Show?
| Cash and cash equivalents | $5.6 billion |
|---|---|
| Long-term debt | $3.7 billion |
| Total assets | $23.5 billion |
| Total liabilities | $11.1 billion |
| Shareholders' equity | $12.5 billion |
| Current ratio | 2.6x |
Balance sheet values are as of the end of fiscal 2026. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions.
Where These Numbers Come From
Every figure on this page is a value Lam Research reported in its own SEC filings, read from the SEC's XBRL data (accession 0000707549-26-000037 for fiscal year 2026). Ratios are computed from those reported values. Figures were retrieved on October 12, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary.
Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation.
Frequently Asked Questions
What was Lam Research's revenue in fiscal 2026?
Lam Research reported revenue of $23.2 billion for the fiscal year ended June 28, 2026, according to its SEC filings.
What is Lam Research's operating margin?
Lam Research's operating margin was 35.3% in fiscal 2026: operating income of $8.2 billion on revenue of $23.2 billion.
How much free cash flow did Lam Research generate?
Operating cash flow of $5.9 billion less capital expenditures of $966 million gives free cash flow of $4.9 billion for fiscal 2026.