Company / Net Income
Lam Research Net Income History
FY2016-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Net Income
$3.8B
FY2024
5-year range
$2.2B / $4.5B
FY2020-FY2024
Trend
-15.1%
vs FY2023
Sector context
#19 of 317
Information Technology
What the data says
Among 317 Information Technology companies, Lam Research is in the top 6% for net income. Net Income has fluctuated over the past 9 years, ranging from $656M in FY2017 to $4.5B in FY2023.
Based on SEC 10-K filings.
$3.8B in FY2024 with a 5-year CAGR of +11.2%. Top quartile in the Information Technology sector.
Improved from $2.3B to $3.8B over the past 2 years.
Information Technology sector context is included.
Net Income over time
Growth rates
- 3-Year CAGR
- +20.4%
- 5-Year CAGR
- +11.2%
- 10-Year CAGR
- -
Sector benchmark
Top 6% in Information TechnologyTop 6% of 317This company $3.8B Sector average $1.6B
▼
+141.6% above sector average
Key checks
Key Insights
- 5-year CAGR of +11.2%, indicating consistent growth.
- In FY2024, net income decreased 15.1% year-over-year.
- Ranks #19 out of 317 companies in the Information Technology sector.
- Peak net income was recorded in FY2023.
Company context
Key Data Points
- Low Piotroski F-Score: 1/9 (multiple financial health concerns)
- Strong profit margin: 29.1%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Net IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | $3.8B | -15.1% |
| FY2023 | $4.5B | +100.3% |
| FY2022 | $2.3B | +2.8% |
| FY2021 | $2.2B | -7.9% |
| FY2020 | $2.4B | +5.7% |
| FY2019 | $2.3B | +146.3% |
| FY2018 | $914.0M | +39.4% |
| FY2017 | $655.6M | -61.4% |
| FY2016 | $1.7B | +85.7% |
As of FY2024 · SEC 10-K · Updated Jun 30, 2026