Lam Research
Financial Performance
Lam Research Revenue & Financials
Revenue
$14.9B (FY2024)
Market Cap
$108.5B
Employees
17,200
What is Lam Research's revenue?
Lam Research had $14.9B in revenue for fiscal year 2024, down 14.4% from 2023.
- Latest revenue
- $14.9B (FY2024)
- Year-over-year
- -14.4%
- Growth rate (CAGR)
- 0.6% over 3 years
- Peak revenue
- $17.4B (FY2023)
- Years of data
- 4
- Employees
- 17,200
- How many employees does Lam Research have?
- Lam Research has about 17,200 employees.
Financial Analysis
Lam Research delivers standout financial performance characterized by strong gross margins, robust operating profitability, and outstanding free cash flow conversion. In fiscal 2024, Lam generated revenue of $14.91 billion, supported by accelerating demand for advanced packaging tools and memory fab upgrades for High-Bandwidth Memory (HBM). Gross margin stood at an impressive 47.6%, while operating margin reached 29.8%. Lam generated $4.18 billion in operating cash flow, directing free cash flow into strategic R&D and returning over 100% of free cash flow to shareholders via dividends and a extensive $10 billion share repurchase authorization. Lam executes regular 10-for-1 stock splits to ensure retail investor accessibility.
Revenue Trend Analysis
YoY Change
-14.4%
3-Year CAGR
+0.6%
Peak Year
2023
Trend
Mostly Growing
Lam Research has 4 full fiscal year figures on this page, compounding at +0.6% annually over 3 years. The most recent year saw a 14.4% decline versus the prior year. Annual revenue peaked in fiscal year 2023 at $17.4B. Of 3 comparable year-over-year steps, 2 showed growth and 1 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | YoY Change |
|---|---|---|
| FY2024 | $14.9B | -14.4% |
| FY2023 | $17.4B | +1.2% |
| FY2022 | $17.2B | +17.8% |
| FY2021 | $14.6B | — |
Click any row to see year details.
Keep researching Lam Research
Lam Research Revenue and Financial FAQ
What was Lam Research's revenue in 2024?
Lam Research achieved $14.91 billion in revenue for fiscal year 2024.
Is Lam Research profitable?
Lam Research's financial performance balances disciplined operating profitability with strategic reinvestment into engineering, infrastructure, and international sales expansion.
How fast is Lam Research growing?
Lam Research has achieved solid compound annual revenue growth supported by strong enterprise customer retention and expanding average contract values.
How does Lam Research fund its capital expenditures?
Lam Research funds capital outlays through operating cash flows, institutional credit facilities, and equity capital reserves.
What is Lam Research's debt profile?
Lam Research maintains a conservative debt-to-capitalization profile, prioritizing financial flexibility and low interest obligations.
Where does Lam Research reinvest its profits?
Profits are primarily reinvested into core research and development, cloud infrastructure capacity, and international market sales teams.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Lam Research Revenue & Financials." CorpDigest, https://corpdigest.com/company/lam-research/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Lam Research reported $14.9B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/lam-research/financials" target="_blank" rel="noopener">CorpDigest — Lam Research financials</a></div>Explore Lam Research
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