"Our strong revenue growth this quarter reflects our strategic positioning within the semiconductor equipment market despite external challenges."
— Management
03Detailed Report
0JT5.L
Lam Research Corporation
Period
Q1 2025
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 27, 2026
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Executive Summary
Lam Research Corporation reported an impressive QQ1 2025, with a revenue of $4.17 billion, reflecting a 7.66% quarter-over-quarter (QoQ) and 10.90% year-over-year (YoY) increase. The company demonstrated strong profitability with a net income of $1.12 billion, up 9.43% QoQ and 17.00% YoY, resulting in an earnings per share (EPS) of $0.86. Management praised the demand for semiconductor equipment as a catalyst for growth, despite ongoing global supply chain challenges and geopolitical tensions, indicating resilience in their operational strategy to navigate the complex market. They expect sustained momentum in order rates, driven by advancements in AI and high-performance computing applications.
The increase in revenue and net income highlights the company’s ability to effectively manage costs while capitalizing on heightened demand in the semiconductor industry. Despite the dip in YoY EPS, current performance demonstrates solid operational efficiency with a net profit margin of 26.8%.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
4.17B
10.90%
7.66%
Gross Profit
2.00B
12.99%
8.84%
Operating Income
1.26B
17.72%
12.22%
Net Income
1.12B
17.00%
9.43%
EPS
0.86
-88.14%
10.26%
Key Financial Ratios
Gross Profit Margin
Good
48.00%
Gross profit margin is healthy and competitive within industry standards
Operating Profit Margin
Excellent
30.30%
Operating margin is exceptional, indicating strong pricing power and operational efficiency
Net Profit Margin
Excellent
26.80%
Net profit margin is exceptional, indicating strong pricing power and operational efficiency
Return on Assets
Fair
5.72%
Return on assets is acceptable but below top-tier companies
Return on Equity
Good
13.20%
Return on equity shows solid performance and effective asset utilization
Current Ratio
Strong
2.53
Current ratio indicates excellent liquidity and financial flexibility
Debt to Equity
Moderate
0.59
Debt-to-equity indicates balanced capital structure with manageable debt
P/E Ratio
Fair Value
23.74x
P/E ratio in line with market averages
Price to Book
High Premium
12.52x
Very high premium suggests asset-light business model or lofty expectations
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Lam Research Corporation (0JT5.L) QQ1 2026 Results — Solid Margin Leadership, Strong Free Cash Flow and Net Cash Position Drive Rise in Profitabilit...