Lam Research Corp (LRCX)

Gross profit margin

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Gross profit	US$ in thousands	8,979,060	7,052,790	7,776,920	7,871,810	6,805,310
Revenue	US$ in thousands	18,435,600	14,905,400	17,428,500	17,227,000	14,626,200
Gross profit margin		48.71%	47.32%	44.62%	45.69%	46.53%

June 30, 2025 calculation

Gross profit margin = Gross profit ÷ Revenue
= $8,979,060K ÷ $18,435,600K
= 48.71%

The gross profit margin of Lam Research Corp has exhibited fluctuating trends over the analyzed period from June 30, 2021, to June 30, 2025. As of June 30, 2021, the gross profit margin was 46.53%. This margin experienced a slight decline in the subsequent year, decreasing to 45.69% by June 30, 2022, and further to 44.62% by June 30, 2023, indicating a marginal reduction in gross profitability during this interval.

However, beginning in the fiscal year ending June 30, 2024, the gross profit margin showed signs of recovery, increasing to 47.32%. The upward trajectory persisted into the subsequent year, reaching 48.71% by June 30, 2025. This overall gain suggests an improvement in the company's ability to generate gross profit relative to its sales, reflecting potentially higher pricing power, improved cost management, or favorable product mix changes.

In summary, after a brief period of decline across the 2021-2023 timeframe, Lam Research Corp's gross profit margin has demonstrated a positive upward trend from mid-2023 onward, culminating in a notable increase by mid-2025. This pattern indicates an overall enhancement in gross profitability over the last two years of the period analyzed.