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LAM Research (LRCX) R&D spending by quarter

LAM Research's R&D spending was $666M in Q1 FY27 (first quarter fiscal 2027), +4% from Q4 FY26. Over the last 7 quarters it ranged from $526M (Q3 FY25) to $666M (Q1 FY27).

LAM Research R&D spending by quarterLAM Research R&D spending by quarter$526MQ3 FY25$580MQ4 FY25$576MQ1 FY26$573MQ2 FY26$583MQ3 FY26$643MQ4 FY26$666MQ1 FY27
QuarterR&D spendingQ/QY/Y
Q1 FY27$666M+4%+16%
Q4 FY26$643M+10%+11%
Q3 FY26$583M+2%+11%
Q2 FY26$573M-0.5%—
Q1 FY26$576M-0.6%—
Q4 FY25$580M+10%—
Q3 FY25$526M——

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 R&D spending?

LAM Research's R&D spending was $666M in Q1 FY27 (first quarter fiscal 2027), +4% from Q4 FY26.

How has LAM Research's R&D spending changed?

Over the last 7 quarters it ranged from $526M (Q3 FY25) to $666M (Q1 FY27).

Q1 FY27 results → · How LAM Research makes money →