Net Profit Margin
since 2005
Calculation
Lam Research Corp., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income (loss)1 | ÷ | Revenue1 | |
|---|---|---|---|---|---|---|---|
| Jun 28, 2026 | 31.27% | = | 100 | × | 7,265,396) | ÷ | 23,232,690) |
| Jun 29, 2025 | 29.06% | = | 100 | × | 5,358,217) | ÷ | 18,435,591) |
| Jun 30, 2024 | 25.68% | = | 100 | × | 3,827,772) | ÷ | 14,905,386) |
| Jun 25, 2023 | 25.88% | = | 100 | × | 4,510,931) | ÷ | 17,428,516) |
| Jun 26, 2022 | 26.73% | = | 100 | × | 4,605,286) | ÷ | 17,227,039) |
| Jun 27, 2021 | 26.72% | = | 100 | × | 3,908,458) | ÷ | 14,626,150) |
| Jun 28, 2020 | 22.42% | = | 100 | × | 2,251,753) | ÷ | 10,044,736) |
| Jun 30, 2019 | 22.70% | = | 100 | × | 2,191,430) | ÷ | 9,653,559) |
| Jun 24, 2018 | 21.49% | = | 100 | × | 2,380,681) | ÷ | 11,076,998) |
| Jun 25, 2017 | 21.19% | = | 100 | × | 1,697,763) | ÷ | 8,013,620) |
| Jun 26, 2016 | 15.53% | = | 100 | × | 914,049) | ÷ | 5,885,893) |
| Jun 28, 2015 | 12.47% | = | 100 | × | 655,577) | ÷ | 5,259,312) |
| Jun 29, 2014 | 13.72% | = | 100 | × | 632,289) | ÷ | 4,607,309) |
| Jun 30, 2013 | 3.16% | = | 100 | × | 113,879) | ÷ | 3,598,916) |
| Jun 24, 2012 | 6.33% | = | 100 | × | 168,723) | ÷ | 2,665,192) |
| Jun 26, 2011 | 22.35% | = | 100 | × | 723,748) | ÷ | 3,237,693) |
| Jun 27, 2010 | 16.25% | = | 100 | × | 346,669) | ÷ | 2,133,776) |
| Jun 28, 2009 | -27.08% | = | 100 | × | (302,148) | ÷ | 1,115,946) |
| Jun 29, 2008 | 17.75% | = | 100 | × | 439,349) | ÷ | 2,474,911) |
| Jun 24, 2007 | 26.72% | = | 100 | × | 685,816) | ÷ | 2,566,576) |
| Jun 25, 2006 | 20.45% | = | 100 | × | 335,755) | ÷ | 1,642,171) |
| Jun 26, 2005 | 19.92% | = | 100 | × | 299,341) | ÷ | 1,502,453) |
Based on: 10-K (reporting date: 2026-06-28), 10-K (reporting date: 2025-06-29), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24), 10-K (reporting date: 2017-06-25), 10-K (reporting date: 2016-06-26), 10-K (reporting date: 2015-06-28), 10-K (reporting date: 2014-06-29), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-24), 10-K (reporting date: 2011-06-26), 10-K (reporting date: 2010-06-27), 10-K (reporting date: 2009-06-28), 10-K (reporting date: 2008-06-29), 10-K (reporting date: 2007-06-24), 10-K (reporting date: 2006-06-25), 10-K (reporting date: 2005-06-26).
1 US$ in thousands
The financial trajectory of the organization over the analyzed period reveals a transition from moderate profitability to significant margin expansion, punctuated by a period of extreme volatility. While revenue has grown substantially from approximately 1.5 billion USD in 2005 to over 23 billion USD by 2026, the net profit margin has evolved from a fluctuating baseline to a sustained high-performance level.
- Historical Volatility and Recovery (2005–2013)
- During the initial phase, net profit margins remained relatively stable between 17% and 27% until a sharp contraction occurred in 2009, where the margin plummeted to -27.08% due to a net loss. A subsequent recovery period was characterized by instability; although the company returned to profitability in 2010, margins remained depressed, reaching a low of 3.16% in 2013. This period highlights a high sensitivity to market cycles and operational challenges during the early 2010s.
- Stabilization and Structural Growth (2014–2019)
- Starting in 2014, a consistent upward trend in profitability is observed. Net profit margins climbed steadily from 13.72% to 22.70% by 2019. This growth coincided with a significant increase in total revenue, suggesting that the company successfully leveraged economies of scale and improved operational efficiency to restore and exceed its pre-2009 profitability levels.
- Optimization and Peak Performance (2020–2026)
- The most recent period is marked by a shift to a higher plateau of profitability. Net profit margins have consistently remained above 25% since 2021, culminating in a peak of 31.27% in 2026. The ability to maintain and increase margins while simultaneously scaling revenue to record levels indicates strong pricing power and highly optimized cost management.
Overall, the data indicates a strengthening of the bottom line relative to top-line growth. The transition from a volatile margin profile to a stable, expanding margin suggests a matured business model with increased resilience and enhanced profitability per dollar of revenue generated.
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Comparison to Competitors
Lam Research Corp., net profit margin, long-term trends, comparison to competitors
| Lam Research Corp. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Marvell Technology Inc. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 28, 2026 | 31.27% | — | — | — | — | — | 35.57% | 32.58% | — | 55.60% | — | — |
| Jun 29, 2025 | 29.06% | 12.51% | 20.58% | 24.67% | 36.20% | -0.51% | 33.41% | -15.35% | 22.84% | 55.85% | 12.51% | 28.28% |
| Jun 30, 2024 | 25.68% | 6.36% | 17.35% | 26.41% | 11.43% | -35.32% | 28.15% | -16.95% | 3.10% | 48.85% | 26.03% | 30.68% |
| Jun 25, 2023 | 25.88% | 3.77% | 26.94% | 25.86% | 39.31% | 3.11% | 32.27% | -2.76% | -37.54% | 16.19% | 20.19% | 37.16% |
| Jun 26, 2022 | 26.73% | 5.59% | 22.88% | 25.31% | 34.62% | 12.71% | 36.06% | -9.44% | 28.24% | 36.23% | 29.27% | 43.68% |
| Jun 27, 2021 | 26.72% | 19.24% | 19.00% | 25.53% | 24.54% | 25.14% | 30.04% | -9.34% | 21.16% | 25.98% | 26.94% | 42.35% |
| Jun 28, 2020 | 22.42% | 25.50% | 21.79% | 21.04% | 12.39% | 26.84% | 20.96% | 58.70% | 12.54% | 25.61% | 22.09% | 38.69% |
| Jun 30, 2019 | 22.70% | 5.07% | 22.75% | 18.52% | 12.05% | 29.25% | 25.73% | -6.25% | 26.97% | 35.34% | 18.07% | 34.88% |
| Jun 24, 2018 | 21.49% | 5.20% | 24.12% | 19.20% | 58.80% | 29.72% | 19.87% | 21.62% | 46.51% | 31.37% | -21.40% | 35.35% |
| Jun 25, 2017 | 21.19% | 0.81% | 14.24% | 23.62% | 9.59% | 15.30% | 26.61% | 0.91% | 25.04% | 24.11% | 11.06% | 24.61% |
| Jun 26, 2016 | 15.53% | -11.63% | 25.18% | 15.90% | -13.13% | 17.37% | 23.60% | -29.77% | -2.23% | 12.26% | 24.22% | 26.89% |
| Jun 28, 2015 | 12.47% | -16.54% | 20.29% | 14.26% | 19.99% | 20.63% | 13.01% | 11.74% | 17.90% | 13.47% | 20.85% | 22.97% |
| Jun 29, 2014 | 13.72% | -7.32% | 21.97% | 11.82% | 6.16% | 20.95% | 19.89% | 9.26% | 18.61% | 10.65% | 30.08% | 21.63% |
| Jun 30, 2013 | 3.16% | -1.57% | 25.57% | 3.41% | 21.90% | 18.25% | 19.11% | 9.68% | 13.12% | 13.14% | 27.56% | 17.71% |
| Jun 24, 2012 | 6.33% | -21.82% | 24.11% | 1.25% | 23.82% | 20.63% | 23.83% | 18.13% | -12.53% | 14.53% | 31.95% | 13.72% |
| Jun 26, 2011 | 22.35% | 7.48% | 28.98% | 18.31% | 23.63% | 23.97% | 25.02% | 25.03% | 1.90% | 7.14% | 28.48% | 16.28% |
| Jun 27, 2010 | 16.25% | 7.25% | 25.79% | 9.82% | 19.83% | 26.28% | 11.66% | 12.59% | 21.81% | -2.04% | 29.54% | 23.11% |
| Jun 28, 2009 | -27.08% | 5.63% | 12.30% | -6.09% | -2.96% | 12.44% | -34.43% | 4.99% | -38.21% | -0.88% | 15.28% | 14.10% |
| Jun 29, 2008 | 17.75% | -53.34% | 30.44% | 11.82% | — | 14.08% | 14.24% | -3.95% | -27.72% | 19.46% | 28.36% | 15.36% |
| Jun 24, 2007 | 26.72% | -56.19% | 19.52% | 17.57% | — | 18.20% | 19.34% | -0.54% | -5.63% | 14.63% | 37.23% | 19.20% |
| Jun 25, 2006 | 20.45% | -2.94% | 21.35% | 16.54% | — | 14.26% | 18.37% | 19.84% | 7.74% | 12.74% | 32.82% | 30.45% |
| Jun 26, 2005 | 19.92% | 2.83% | 17.36% | 17.30% | — | 22.31% | 22.38% | 11.57% | 3.85% | 4.99% | 37.78% | 17.35% |
Based on: 10-K (reporting date: 2026-06-28), 10-K (reporting date: 2025-06-29), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24), 10-K (reporting date: 2017-06-25), 10-K (reporting date: 2016-06-26), 10-K (reporting date: 2015-06-28), 10-K (reporting date: 2014-06-29), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-24), 10-K (reporting date: 2011-06-26), 10-K (reporting date: 2010-06-27), 10-K (reporting date: 2009-06-28), 10-K (reporting date: 2008-06-29), 10-K (reporting date: 2007-06-24), 10-K (reporting date: 2006-06-25), 10-K (reporting date: 2005-06-26).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Lam Research Corp., net profit margin, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Lam Research Corp. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Jun 28, 2026 | 31.27% | — |
| Jun 29, 2025 | 29.06% | 29.97% |
| Jun 30, 2024 | 25.68% | 14.42% |
| Jun 25, 2023 | 25.88% | 16.64% |
| Jun 26, 2022 | 26.73% | 25.04% |
| Jun 27, 2021 | 26.72% | 25.45% |
| Jun 28, 2020 | 22.42% | 23.53% |
| Jun 30, 2019 | 22.70% | 24.08% |
| Jun 24, 2018 | 21.49% | 27.58% |
| Jun 25, 2017 | 21.19% | 16.90% |
| Jun 26, 2016 | 15.53% | 13.44% |
| Jun 28, 2015 | 12.47% | 18.27% |
| Jun 29, 2014 | 13.72% | 19.57% |
| Jun 30, 2013 | 3.16% | 17.41% |
| Jun 24, 2012 | 6.33% | 15.96% |
| Jun 26, 2011 | 22.35% | 20.49% |
| Jun 27, 2010 | 16.25% | 21.44% |
| Jun 28, 2009 | -27.08% | 6.08% |
| Jun 29, 2008 | 17.75% | 9.29% |
| Jun 24, 2007 | 26.72% | 13.69% |
| Jun 25, 2006 | 20.45% | 17.71% |
| Jun 26, 2005 | 19.92% | 19.00% |
Based on: 10-K (reporting date: 2026-06-28), 10-K (reporting date: 2025-06-29), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24), 10-K (reporting date: 2017-06-25), 10-K (reporting date: 2016-06-26), 10-K (reporting date: 2015-06-28), 10-K (reporting date: 2014-06-29), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-24), 10-K (reporting date: 2011-06-26), 10-K (reporting date: 2010-06-27), 10-K (reporting date: 2009-06-28), 10-K (reporting date: 2008-06-29), 10-K (reporting date: 2007-06-24), 10-K (reporting date: 2006-06-25), 10-K (reporting date: 2005-06-26).
Comparison to Industry (Information Technology)
Lam Research Corp., net profit margin, long-term trends, comparison to industry (information technology)
| Lam Research Corp. | Information Technology | |
|---|---|---|
| Jun 28, 2026 | 31.27% | — |
| Jun 29, 2025 | 29.06% | 25.66% |
| Jun 30, 2024 | 25.68% | 20.48% |
| Jun 25, 2023 | 25.88% | 20.24% |
| Jun 26, 2022 | 26.73% | 22.27% |
| Jun 27, 2021 | 26.72% | 23.48% |
| Jun 28, 2020 | 22.42% | 19.76% |
| Jun 30, 2019 | 22.70% | 19.73% |
| Jun 24, 2018 | 21.49% | 18.59% |
| Jun 25, 2017 | 21.19% | 17.77% |
| Jun 26, 2016 | 15.53% | 17.58% |
| Jun 28, 2015 | 12.47% | 18.32% |
| Jun 29, 2014 | 13.72% | 19.33% |
| Jun 30, 2013 | 3.16% | 20.15% |
| Jun 24, 2012 | 6.33% | 20.07% |
| Jun 26, 2011 | 22.35% | 20.71% |
| Jun 27, 2010 | 16.25% | 20.19% |
| Jun 28, 2009 | -27.08% | 14.45% |
| Jun 29, 2008 | 17.75% | 15.07% |
| Jun 24, 2007 | 26.72% | 15.71% |
| Jun 25, 2006 | 20.45% | 16.26% |
| Jun 26, 2005 | 19.92% | 16.64% |
Based on: 10-K (reporting date: 2026-06-28), 10-K (reporting date: 2025-06-29), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24), 10-K (reporting date: 2017-06-25), 10-K (reporting date: 2016-06-26), 10-K (reporting date: 2015-06-28), 10-K (reporting date: 2014-06-29), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-24), 10-K (reporting date: 2011-06-26), 10-K (reporting date: 2010-06-27), 10-K (reporting date: 2009-06-28), 10-K (reporting date: 2008-06-29), 10-K (reporting date: 2007-06-24), 10-K (reporting date: 2006-06-25), 10-K (reporting date: 2005-06-26).