22.1%
Revenue Growth
LRCX achieved a 22.1% year-over-year increase in revenue, driven by strong demand in semiconductor equipment.
Source: Source: 10-Q Income Statement
AI Takeaway
LRCX reported strong financial performance in Q2 FY2026 with significant growth in revenue, net income, and operating cash flow, driven by increased demand and operational efficiency.
Revenue
$5.34B
++22.14% YoY
EPS (Basic)
$1.27
++36.56% YoY
Gross Margin
49.6%
++2.23% YoY
Operating Income
$1.81B
++35.71% YoY
Filed · Analysis updated · Source: SEC EDGAR 10-Q filing
LRCX achieved a 22.1% year-over-year increase in revenue, driven by strong demand in semiconductor equipment.
Source: Source: 10-Q Income Statement
Gross margin improved by 2.2 percentage points to 49.6%, reflecting operational efficiencies and cost management.
Source: Source: 10-Q Key Ratios
Operating cash flow increased by 41.1% year-over-year, indicating robust cash generation capabilities.
Source: Source: 10-Q Cash Flow
Potential disruptions in the supply chain could impact production schedules and costs, affecting profitability.
Source: Source: 10-Q Risk Factors
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Upgrade to unlockReported EPS of $1.27 versus the $1.19 analyst consensus — a +6.4% beat for Q2 FY2026.
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $5.34B | $4.38B | +22.14% |
Gross Profit | $2.65B | $2.07B | +27.89% |
Operating Income | $1.81B | $1.33B | +35.71% |
Net Income | $1.59B | $1.19B | +33.83% |
EPS (Basic) | $1.27 | $0.93 | +36.56% |
EPS (Diluted) | $1.26 | $0.92 | +36.96% |
R&D Expense | $573.3M | $494.95M | +15.83% |
SG&A Expense | $267.65M | $244.15M | +9.63% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Total Assets | $21.39B | $19.84B | +7.82% |
Current Assets | $14.02B | $13.61B | +2.98% |
Total Liabilities | $11.25B | $11.03B | +1.94% |
Current Liabilities | $6.21B | $5.35B | +16.13% |
Stockholders' Equity | $10.15B | $8.81B | +15.18% |
Cash & Equivalents | $6.18B | $5.67B | +9.09% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Cash FlowYTD | $3.26B | $2.31B | +41.06% |
Investing Cash FlowYTD | $-443.83M | $-285.93M | -55.23% |
Financing Cash FlowYTD | $-3.01B | $-2.19B | -37.01% |
Dividends PaidYTD | $619.49M | $558.62M | +10.90% |
Share BuybacksYTD | $2.44B | $1.69B | +44.09% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Gross Margin | 49.6% | 47.4% | +2.23% |
Operating Margin | 33.9% | 30.5% | +3.39% |
Net Margin | 29.8% | — | — |
ROE | 15.7% | — | — |
ROA | 7.5% | — | — |
Current Ratio | $2.256 | — | — |
Debt to Equity | $1.108 | — | — |
Other companies in Semiconductor Materials & Equipment
LRCX reported a strong increase in EPS of 36.6% YoY, indicating better-than-expected earnings performance.
Key takeaways include a 22.1% revenue growth, improved margins, and a significant increase in operating cash flow.
LRCX highlighted risks such as supply chain disruptions and market demand volatility.
LRCX's revenue grew by 22.1% YoY, driven by strong demand in the semiconductor equipment market.
LRCX is financially healthy, with a current ratio of 2.26 and a strong cash position of $6.18 billion.