Lam Research Corp (LRCX)

Gross profit margin

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Gross profit	US$ in thousands	7,052,790	7,776,920	7,871,810	6,805,310	4,608,690
Revenue	US$ in thousands	14,900,500	17,235,000	17,041,600	14,410,600	9,863,980
Gross profit margin		47.33%	45.12%	46.19%	47.22%	46.72%

June 30, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $7,052,790K ÷ $14,900,500K
= 47.33%

The gross profit margin of Lam Research Corp has demonstrated some fluctuation over the past five years. In the most recent fiscal year ending on June 30, 2024, the gross profit margin stood at 47.33%, representing a slight improvement compared to the previous year's margin of 45.12%. Despite this improvement, the trend over the five-year period indicates some variability in the company's ability to generate profits from its core operations.

In the fiscal years 2022 and 2021, Lam Research Corp witnessed gross profit margins of 46.19% and 47.22%, respectively, showing a relatively stable performance within this range. However, a dip in the gross profit margin was noted in the fiscal year 2020, with the margin standing at 46.72%.

Overall, the company's gross profit margin has exhibited a degree of fluctuation over the past five years, highlighting the importance of closely monitoring and analyzing factors influencing the company's cost of goods sold and its pricing strategies to maintain a competitive edge in the industry.