Stock Analysis on Net
Stock Analysis on Net

Lam Research Corp. (NASDAQ:LRCX)

$24.99

Operating Profit Margin
since 2005

Microsoft Excel

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Calculation

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

Microsoft Excel
Operating profit margin = 100 × Operating income (loss)1 ÷ Revenue1
Jun 29, 2025 = 100 × ÷
Jun 30, 2024 = 100 × ÷
Jun 25, 2023 = 100 × ÷
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Jun 27, 2021 = 100 × ÷
Jun 28, 2020 = 100 × ÷
Jun 30, 2019 = 100 × ÷
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Jun 26, 2005 = 100 × ÷

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 demonstrated a general upward trend over the analyzed period, starting from approximately 1.5 billion US dollars in mid-2005 and rising to over 18 billion US dollars by mid-2025. Some fluctuations were observed, notably a significant drop in revenue around 2009, declining to about 1.1 billion US dollars, followed by a recovery and subsequent growth. After peaking above 17 billion in 2023, a decline occurred in 2024 to roughly 14.9 billion, before rising again near 18.4 billion in 2025.
Operating Income (Loss) Patterns
Operating income showed more volatility compared to revenue. Periods of growth were interspersed with sharp declines. Notably, a loss was recorded in mid-2009, with operating income falling to a negative of about 281 million US dollars. This was followed by a recovery phase with steady increases, reaching a peak above 5.9 billion in 2025. However, there were also considerable fluctuations, including a dip in 2012 and 2013 where operating income stood relatively lower compared to adjacent years.
Operating Profit Margin Analysis
The operating profit margin fluctuated substantially throughout the years. Initial margins hovered between 24% and 30%, but a significant contraction to a negative margin of approximately -25% occurred in 2009, coinciding with the operating loss. Post-2009, the margin recovered progressively, stabilizing mostly in the 20-30% range thereafter. The highest margins were observed in the early 2020s, crossing 30% in some years, indicating improved operational efficiency despite revenue fluctuations. Margins slightly decreased in 2023 and 2024 but rebounded again in 2025 to about 32%.
Overall Insights
The data reveals a strong correlation between revenue and operating income trends, especially visible during the economic downturn around 2009 when both metrics fell sharply. Recovery phases demonstrate improved profitability and operational efficiency, as evidenced by rising operating profit margins alongside increasing revenues and operating incomes. Fluctuations in margins and income suggest sensitivity to external market conditions or internal operational changes, but the long-term trajectory is positive with growth in both scale and profitability by the end of the analyzed period.

Comparison to Competitors

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

Microsoft Excel
Lam Research Corp. Advanced Micro Devices Inc. Analog Devices Inc. Applied Materials Inc. Broadcom Inc. Intel Corp. Micron Technology Inc. NVIDIA Corp. Qualcomm Inc. Texas Instruments Inc.
Jun 29, 2025
Jun 30, 2024
Jun 25, 2023
Jun 26, 2022
Jun 27, 2021
Jun 28, 2020
Jun 30, 2019
Jun 24, 2018
Jun 25, 2017
Jun 26, 2016
Jun 28, 2015
Jun 29, 2014
Jun 30, 2013
Jun 24, 2012
Jun 26, 2011
Jun 27, 2010
Jun 28, 2009
Jun 29, 2008
Jun 24, 2007
Jun 25, 2006
Jun 26, 2005

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).