10-QIndustrial Machinery

LAM RESEARCH CORPORATION

LRCX · Period ending 2026-03-29 · Filed 2026-04-23

Valuation

Industrial Machinery
Live · Yahoo Finance

Price

$324.45

52-Week Range

$87.75$324.45 now$346.19

Decision Context

Scores are balanced across the six engines. No single dimension dominates — this is consistent with a stable, mid-tier quality business.

Based on filing period ending Mar 2026

FisclearScore is a quantitative model using public financial data and sector median benchmarks (refreshed monthly). Not financial advice. Always conduct independent due diligence.

LRCX vs

Macro Context

Fed Funds Rate

3.64%

Accommodative

10-Year Treasury

4.32%

2026-04-01

Unemployment

4.3%

Near full employment

CPI Index

330.3

2026-03-01

M2 Money Supply

$22.7T

2026-03-01

The Federal Funds rate stands at 3.64% — a moderately elevated rate environment that raises borrowing costs across the economy; 10-year Treasury yields are at 4.32%, setting the benchmark for long-term corporate borrowing; Unemployment stands at 4.3%; Industrial production index is at 101.8; M2 money supply is $22.7T; CPI index stands at 330.3.

SWOT Analysis — LRCX

Inflationary Boom
Macro lens (Inflationary Boom): Rising costs and tighter margins amplify financial risks in this regime.

Strengths

  • Revenue: $3.2B (+51.7% YoY) — Revenue grew 52% — the company sold more goods or services than the prior year.

  • Net Income: $5.4B (+40.0% YoY) — Profit grew 40% — the company kept more of each dollar earned.

  • Operating Cash Flow: $6.2B (+32.7% YoY) — Operating cash flow grew 33% — the business generated more cash from day-to-day operations.

  • Gross Profit: $9.0B (+27.3% YoY) — Gross profit rose 27% — the spread between revenue and direct costs improved.

Weaknesses

  • EPS (Diluted): $4.15 (-85.7% YoY) — Earnings per share fell 86%.

  • R&D spending is 65% of revenue — heavy investment in future growth, but also a drag on current profitability.

Opportunities

No clear opportunities identified at this time.

Threats

  • Gross margin compressed by 53.2pp — input costs or pricing pressure is eroding profitability on each dollar of revenue.

Financial Charts

Revenue vs Net Income

Gross Profit vs Operating Income

Margin Trend

Operating Cash Flow

Year-over-Year Changes

EPS (Diluted)

$4.15

was $29.00

−85.7%

Earnings per share fell 86%.

Revenue

$3.2B

was $2.1B

+51.7%

Revenue grew 52% — the company sold more goods or services than the prior year.

Net Income

$5.4B

was $3.8B

+40.0%

Profit grew 40% — the company kept more of each dollar earned.

Operating Cash Flow

$6.2B

was $4.7B

+32.7%

Operating cash flow grew 33% — the business generated more cash from day-to-day operations.

Gross Profit

$9.0B

was $7.1B

+27.3%

Gross profit rose 27% — the spread between revenue and direct costs improved.

Risk Flags

0 high · 1 medium · 1 low
  • Medium

    Gross margin compressed by 53.2pp — input costs or pricing pressure is eroding profitability on each dollar of revenue.

  • Low

    R&D spending is 65% of revenue — heavy investment in future growth, but also a drag on current profitability.

Price History

Technical Signals

Daily closes · 1-year data

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Research LAM RESEARCH CORPORATION

Data sourced from SEC EDGAR, FRED (Federal Reserve Economic Data), and Yahoo Finance. For informational purposes only. Not financial advice.