Stock Analysis on Net

Lam Research Corp. (NASDAQ:LRCX)

$24.99

Net Profit Margin
since 2005

Microsoft Excel

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Calculation

Lam Research Corp., net profit margin, long-term trends, calculation

Microsoft Excel

Based on: 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


Revenue Trends
Revenue has exhibited significant fluctuations over the period. Initial growth is seen from 1.5 billion in 2005 to approximately 2.6 billion in 2007, followed by a sharp decline to about 1.1 billion in 2009. After 2009, revenue recovered steadily, reaching a peak of approximately 17.4 billion in 2023 before a slight decline to 14.9 billion in 2024 and rebounding again to 18.4 billion in 2025. This reflects a volatile but overall upward trajectory with periods of considerable contraction and expansion.
Net Income (Loss) Patterns
Net income similarly shows volatility across the years. There is strong growth from around 299 million in 2005 to a peak of approximately 724 million in 2011. Notably, 2009 posts a negative net income of about -302 million, coinciding with the dip in revenue. From 2011 onward, net income generally increases, with some variability, reaching its highest in 2021 at about 3.9 billion, then peaking again in 2022 and 2023 near 4.6 billion and 4.5 billion respectively, before dropping to around 3.8 billion in 2024 and finally rising to 5.4 billion in 2025. The trend indicates strong recovery and growth following the 2009 downturn, consistent with revenue performance.
Net Profit Margin Analysis
Net profit margin displays substantial variation, reflecting operational efficiency and market conditions. It peaked at 26.72% in 2007, declined sharply to -27.08% in 2009, indicative of the loss recorded that year. From 2010 onward, net profit margin recovered and stabilized primarily between 15% and 30%, demonstrating improved profitability. The margin shows a general upward trend post-2014, reaching a high of 29.06% in 2025, suggesting enhanced cost management or pricing power alongside revenue growth.
Overall Insights
The data reveals a cyclical pattern influenced by external factors, with a significant downturn occurring in 2009 impacting both revenue and net income negatively. Following this, there is strong recovery in both metrics, accompanied by improved margins. This pattern suggests effective strategic adjustments allowing for scalability during growth phases. The company exhibits resilience and progressive enhancement in profitability over the long-term, despite short-term fluctuations. The latest years reflect substantial growth in absolute terms and efficiency gains, as demonstrated by rising net profit margins concurrent with increasing revenue.

Comparison to Competitors

Lam Research Corp., net profit margin, long-term trends, comparison to competitors

Microsoft Excel

Based on: 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)

Microsoft Excel

Based on: 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)

Microsoft Excel

Based on: 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).