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LAM Research (LRCX) gross margin by quarter

LAM Research's gross margin was 52.3% in Q1 FY27 (first quarter fiscal 2027), +0.6 pts from Q4 FY26. Over the last 7 quarters it ranged from 49.0% (Q3 FY25) to 52.3% (Q1 FY27).

LAM Research gross margin by quarterLAM Research gross margin by quarter49.0%Q3 FY2550.1%Q4 FY2550.4%Q1 FY2649.6%Q2 FY2649.8%Q3 FY2651.7%Q4 FY2652.3%Q1 FY27
QuarterGross marginQ/QY/Y
Q1 FY2752.3%+0.6 pts+1.9 pts
Q4 FY2651.7%+1.9 pts+1.7 pts
Q3 FY2649.8%+0.2 pts+0.8 pts
Q2 FY2649.6%-0.8 pts—
Q1 FY2650.4%+0.4 pts—
Q4 FY2550.1%+1.1 pts—
Q3 FY2549.0%——

Q1 FY27 at a glance

LAM Research, Q1 FY27: revenue $8.2B (+54% year over year), operating margin 40.0%, net earnings $2.8B, operating cash flow $3.5B. The chart follows the revenue to costs, profit and cash.

Questions

What is LAM Research's gross margin?

LAM Research's gross margin was 52.3% in Q1 FY27 (first quarter fiscal 2027), +0.6 pts from Q4 FY26.

How has LAM Research's gross margin changed?

Over the last 7 quarters it ranged from 49.0% (Q3 FY25) to 52.3% (Q1 FY27).

Q1 FY27 results → · How LAM Research makes money →