LAM RESEARCH CORPORATION (LRCX) FY2026 Q1 P&L / Income Statement

LAM RESEARCH CORPORATION (LRCX) FY2026 Q1 P&L / Income Statement

Income statement for 2025-06-30 through 2025-09-28. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Revenue

5,324,173,000 US dollars

Cost of revenue (calculated)

2,639,294,000 US dollars

Gross margin

2,684,879,000 US dollars

Total operating expenses

855,791,000 US dollars

Operating income

1,829,088,000 US dollars

Other income (expense), net (calculated)

30,074,000 US dollars

Income before income taxes

1,859,162,000 US dollars

Income tax expense

290,502,000 US dollars

Net income

1,568,660,000 US dollars

Systems revenue

3,547,565,000 US dollars

Customer support-related revenue and other

1,776,608,000 US dollars

Cost of goods sold

2,639,294,000 US dollars

Research and development

576,446,000 US dollars

Selling, general, and administrative

279,345,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.