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Lam Research Corporation  (LRCX)
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LRCX's Net Income Growth by Quarter and Year

Lam Research's Net Income results by quarter and year




LRCX Net Income (in millions $) FY 2024 FY 2023 FY 2022 FY 2021
IV Quarter June - 802.54 1,208.93 1,144.66
III Quarter March 965.83 814.01 1,021.78 1,071.12
II Quarter December 954.27 1,468.51 1,194.83 869.23
I Quarter September 887.40 1,425.88 1,179.74 823.45
FY   2,807.50 4,510.94 4,605.28 3,908.46



LRCX Net Income third quarter 2024 Y/Y Growth Comment
Lam Research Corporation reported Net Income increase of 18.65% year on year in the third quarter 2024, to $ 965.83 millions, this is lower than Lam Research Corporation's recent average Net Income rise of 47.56%.

Looking into third quarter 2024 results within Industrial Machinery and Components industry 20 other companies have achieved higher Net Income growth. While Lam Research Corporation' s Net Income growth of 18.65% ranks overall at the positon no. 570 in the third quarter 2024.




LRCX Net Income ( Y/Y Growth %) 2024
2023 2022 2021
IV Quarter June - -33.62 % 5.61 % 64.3 %
III Quarter March 18.65 % -20.33 % -4.61 % 86.35 %
II Quarter December -35.02 % 22.91 % 37.46 % 68.94 %
I Quarter September -37.76 % 20.86 % 43.27 % 76.79 %
FY   - -2.05 % 17.83 % 73.57 %

Financial Statements
Lam Research's third quarter 2024 Net Income $ 965.83 millions LRCX's Income Statement
Lam Research's third quarter 2023 Net Income $ 814.01 millions Quarterly LRCX's Income Statement
New: More LRCX's historic Net Income Growth >>


LRCX Net Income (Quarter on Quarter Growth %)

2024
2023 2022 2021
IV Quarter June - -1.41 % 18.32 % 6.87 %
III Quarter March 1.21 % -44.57 % -14.48 % 23.23 %
II Quarter December 7.54 % 2.99 % 1.28 % 5.56 %
I Quarter September 10.57 % 17.95 % 3.06 % 18.2 %
FY (Year on Year)   - -2.05 % 17.83 % 73.57 %




Net Income third quarter 2024 Y/Y Growth Company Ranking
Within: No.
Industrial Machinery and Components Industry #21
Capital Goods Sector #64
Overall #570

Net Income Y/Y Growth Statistics
High Average Low
797.83 % 47.56 % -89.52 %
(Sep. 30, 2013)   (Sep. 30, 2012)
Net Income third quarter 2024 Y/Y Growth Company Ranking
Within: No.
Industrial Machinery and Components Industry #21
Capital Goods Sector #64
Overall #570
Net Income Y/Y Growth Statistics
High Average Low
797.83 % 47.56 % -89.52 %
(Sep. 30, 2013)   (Sep. 30, 2012)

Net Income by Quarter for the Fiscal Years 2021, 2022, 2023, 2024

Lam Research's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
119.91 % 5.39 % -60.79 %
(Sep 27 2015)  


LRCX's III. Quarter Q/Q Net Income Comment
Lam Research Corporation achieved in the III. Quarter 2024 below company average Net Income growth of 1.21% quarter on quarter, to $ 965.83 millions.

III. Quarter 2024 Lam Research's Net Income Q/Q growth seem to be paradoxical, although lower than the average, yet it shows absolute improvement relative to the -44.57% in the III. Quarter a year ago

Within Industrial Machinery and Components industry 20 other companies have achieved higher Net Income quarter on quarter growth. While Lam Research's Net Income growth quarter on quarter, overall rank is 661.


Net Income Q/Q Growth Company Ranking
Within: No.
Industrial Machinery and Components Industry #21
Capital Goods Sector #61
Overall #661
Net Income Q/Q Growth Company Ranking
Within: No.
Industrial Machinery and Components Industry #21
Capital Goods Sector #61
Overall #661
Net Income Q/Q Growth Statistics
High Average Low
119.91 % 5.39 % -60.79 %
(Sep 27 2015)  


LRCX's III. Quarter Q/Q Net Income Comment
Lam Research Corporation achieved in the III. Quarter 2024 below company average Net Income growth of 1.21% quarter on quarter, to $ 965.83 millions.

III. Quarter 2024 results appear to be contradictory, albeit below the ordinary, yet it presents a quite improvement relative to the -44.57% in the same quarter a year ago

Within Industrial Machinery and Components industry 20 other companies have achieved higher Net Income quarter on quarter growth. While Lam Research's Net Income growth quarter on quarter, overall rank is 661.


Lam Research's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Mar 31 2024)
12 Months Ending
(Dec 24 2023)
12 Months Ending
(Sep 24 2023)
12 Months Ending
(Jun 25 2023)
12 Months Ending
(Mar 26 2023)
Cumulative Net Income 12 Months Ending $ 3,610.03 $ 3,458.21 $ 3,972.45 $ 4,510.93 $ 4,917.33
Y / Y Net Income Growth (TTM) -26.59 % -32.52 % -18.12 % -2.05 % 8.29 %
Year on Year Net Income Growth Overall Ranking # 1231 # 1415 # 1358 # 1158 # 985
Seqeuential Net Income Change (TTM) 4.39 % -12.95 % -11.94 % -8.26 % -4.05 %
Seq. Net Income Growth (TTM) Overall Ranking # 1231 # 1415 # 1358 # 1158 # 985




Cumulative Net Income growth Comment
Lam Research showed decline, but improvement compare to trailing twelve month Net Income decrease in Dec 24 2023. If the fiscal year would end in Mar 31 2024, Lam Research's annual Net Income decline would be -26.59% year on year to $3,610 millions.

In the Capital Goods sector 70 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 1231, from total ranking in previous quarter at 1415.

Net Income TTM Q/Q Growth Statistics
High Average Low
2123.43 %
98.37 %
-93.37 %
(March 31, 2014)  

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Industrial Machinery and Components Industry # 32
Capital Goods Sector # 71
Overall # 706

Net Income TTM Y/Y Growth Statistics
High Average Low
2123.43 %
98.37 %
-93.37 %
(March 31, 2014)  


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 37
Sector # 95
S&P 500 # 894
Cumulative Net Income growth Comment
Lam Research showed decline, but improvement compare to trailing twelve month Net Income decrease in Dec 24 2023. If the fiscal year would end in Mar 31 2024, Lam Research's annual Net Income drop would be -26.59% year on year to $3,610 millions.

In the Capital Goods sector 70 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 1231, from total ranking in previous quarter at 1415.

Net Income TTM Q/Q Growth Statistics
High Average Low
2123.43 %
98.37 %
-93.37 %
(March 31, 2014)  


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Industrial Machinery and Components Industry # 32
Capital Goods Sector # 71
Overall # 706

Net Income TTM Y/Y Growth Statistics
High Average Low
2123.43 %
98.37 %
-93.37 %
(March 31, 2014)  


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 37
Sector # 95
S&P 500 # 894




Other Net Income Growth
Industrial Machinery and Components Industry Net Income Growth Trends and Statistics
Capital Goods Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
LRCX's Net Income Growth Ratio versus Industrial Machinery and Components Industry, Capital Goods Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for LRCX's Competitors
Net Income Growth for Lam Research's Suppliers
Net Income Growth for LRCX's Customers

You may also want to know
LRCX's Annual Growth Rates LRCX's Profitability Ratios LRCX's Asset Turnover Ratio LRCX's Dividend Growth
LRCX's Roe LRCX's Valuation Ratios LRCX's Financial Strength Ratios LRCX's Dividend Payout Ratio
LRCX's Roa LRCX's Inventory Turnover Ratio LRCX's Growth Rates LRCX's Dividend Comparisons



Companies with similar Net Income drop for the quarter ending Mar 31 2024 within Capital Goods SectorY/Y Change %Net Income for the quarter ending Mar 31 2024
Thermon Group Holdings inc 30.93%$ 30.931 millions
Tri Pointe Homes Inc 30.50%$ 30.503 millions
Quanta Services Inc 30.03%$ 30.031 millions
Eaton Corporation Plc28.64%$ 28.638 millions
Gencor Industries Inc 27.68%$ 27.683 millions
Lennox International Inc26.84%$ 26.837 millions
Ingersoll Rand Inc 25.31%$ 25.306 millions
D r Horton Inc 24.65%$ 24.652 millions
Pultegroup Inc24.56%$ 24.559 millions
The Gorman rupp Company20.92%$ 20.920 millions
M d c Holdings Inc 18.73%$ 18.735 millions
Lam Research Corporation18.65%$ 18.651 millions
Huntington Ingalls Industries Inc 18.60%$ 18.605 millions
Tennant Co16.87%$ 16.872 millions
Illinois Tool Works Inc14.71%$ 14.706 millions
Nvr Inc 14.50%$ 14.496 millions
Installed Building Products Inc 13.45%$ 13.447 millions
Beazer Homes Usa Inc 12.86%$ 12.862 millions
Topbuild Corp12.15%$ 12.152 millions
Northrop Grumman Corp12.11%$ 12.114 millions
Nvent Electric Plc12.05%$ 12.047 millions
Advanced Drainage Systems Inc 10.62%$ 10.621 millions




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