To the full analysis
Lam Research stock: growth
LRCXLam Research reported $23.23B in revenue for fiscal 2026, up 26% on the prior year, up 9.7% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
12.3%
per year from 2007 to 2026, per share 12.9%
Earnings (Annual rate)
13.2%
per year from 2007 to 2026, per share 13.9%
Free cash flow (Annual rate)
10.3%
per year from 2007 to 2026, per share 10.9%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2021 | since 2016 | since 2007 | |
|---|---|---|---|
| Revenue | 9.7% | 14.7% | 12.3% |
| Revenue per share | 12.7% | 17.5% | 12.9% |
| Earnings | 13.2% | 23.0% | 13.2% |
| Earnings per share | 16.3% | 25.9% | 13.9% |
| Free cash flow | 8.6% | 15.3% | 10.3% |
| Free cash flow per share | 11.6% | 18.1% | 10.9% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2007 | $2.57B | $685.82M | $763.59M |
| 2008 | $2.47B | $439.35M | $513.52M |
| 2009 | $1.12B | −$302.15M | −$122.41M |
| 2010 | $2.13B | $346.67M | $315.12M |
| 2011 | $3.24B | $723.75M | $753.53M |
| 2012 | $2.67B | $168.72M | $391.76M |
| 2013 | $3.6B | $113.88M | $559.14M |
| 2014 | $4.61B | $632.29M | $571.55M |
| 2015 | $5.26B | $655.58M | $587.24M |
| 2016 | $5.89B | $914.05M | $1.17B |
| 2017 | $8.01B | $1.7B | $1.87B |
| 2018 | $11.08B | $2.38B | $2.38B |
| 2019 | $9.65B | $2.19B | $2.87B |
| 2020 | $10.04B | $2.25B | $1.92B |
| 2021 | $14.63B | $3.91B | $3.24B |
| 2022 | $17.23B | $4.61B | $2.55B |
| 2023 | $17.43B | $4.51B | $4.68B |
| 2024 | $14.91B | $3.83B | $4.26B |
| 2025 | $18.44B | $5.36B | $5.41B |
| 2026 | $23.23B | $7.27B | $4.89B |
Revenue by segment
How Lam Research Corporation makes its money and how that has shifted. Names are as the company reports them.
- System64%
- Customer Support and Other36%
Figures as a table
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Share 2026 | |
|---|---|---|---|---|---|---|---|---|
| System | $6.63B | $9.76B | $11.32B | $10.7B | $8.92B | $11.49B | $14.89B | 64.1% |
| Customer Support and Other | $3.42B | $4.86B | $5.9B | $6.73B | $5.98B | $6.94B | $8.35B | 35.9% |
| Total revenue | $10.04B | $14.63B | $17.23B | $17.43B | $14.91B | $18.44B | $23.23B | 100% |
Revenue by region
Where Lam Research Corporation generates its revenue.
- China34%
- Taiwan22%
- South Korea19%
- Japan9%
- United States7%
- South East Asia5%
- Other3%
“Other” combines smaller regions with revenue the company does not assign to a region.
Figures as a table
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Share 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| China | $1.02B | $1.78B | $2.16B | $3.08B | $5.14B | $5.41B | $4.46B | $6.29B | $6.21B | $7.86B | 33.8% |
| Taiwan | $2.1B | $1.4B | $1.6B | $1.91B | $2.12B | $2.94B | $3.48B | $1.67B | $3.45B | $5.22B | 22.5% |
| South Korea | $2.48B | $3.83B | $2.21B | $2.39B | $3.92B | $4.04B | $3.55B | $2.87B | $4.13B | $4.51B | 19.4% |
| Japan | $1.04B | $1.88B | $1.97B | $954.74M | $1.36B | $1.62B | $1.76B | $1.46B | $1.88B | $2.17B | 9.3% |
| United States | $629.94M | $820.44M | $748.6M | $812.48M | $672.72M | $1.15B | $1.67B | $1.1B | $1.38B | $1.53B | 6.6% |
| South East Asia | $401.88M | $781.36M | $615.81M | $587.64M | $945.48M | $1.36B | $1.35B | $794.05M | $837.24M | $1.25B | 5.4% |
| Other | $340.64M | $577.19M | $356.23M | $308.48M | $463.48M | $712.02M | $1.16B | $707M | $562.56M | $698.71M | 3% |
| Total revenue | $8.01B | $11.08B | $9.65B | $10.04B | $14.63B | $17.23B | $17.43B | $14.91B | $18.44B | $23.23B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 28 Jun 2026
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 31 Oct 2015)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.