LRCX · 10-K · 2026A · Full report

Revenue Performance and Mix

LAM RESEARCH CORP · 2026-08-07 · Importance 59 · Surprise 48 · In source text

Fiscal 2026 revenue increased 26.0% to $23.233 billion from $18.436 billion in fiscal 2025, driven by strong semiconductor equipment demand, particularly from foundry customers, and higher customer support-related revenue. Systems revenue increased $3.394 billion, or 29.5%, to $14.885 billion, primarily due to foundry equipment customer spending. Customer support-related revenue increased $1.403 billion, or 20.2%, to $8.347 billion, mainly from spares and non-leading-edge equipment. Foundry revenue mix increased 900 basis points due to mature-node and leading-edge investments, while memory mix declined 300 basis points because of the timing of customer investments.

Key facts

• Systems revenue increased by $3.39 billion, or 29.5%, in fiscal year 2026 versus fiscal year 2025 source
• Customer support-related revenue increased by $1.40 billion, or 20.2%, in fiscal year 2026 versus fiscal year 2025 source
• Fiscal year 2026 total revenue: $23,232,690 (in thousands) source
• Systems revenue for fiscal year 2026: $14,885,488 (in thousands) source
• Customer support-related revenue for fiscal year 2026: $8,347,202 (in thousands) source
• Net income for fiscal year 2026: $7,265,396 (in thousands) source
• Deferred revenue balance decreased to $2.43 billion as of June 28, 2026 compared to $2.68 billion as of June 29, 2025 source
• Fiscal year 2025 total revenue: $18,435,591 (in thousands) source

Impact estimates