KLA vs Lam Research
Lam Research reported revenue of $23.2 billion in fiscal 2026, 1.7 times KLA's $13.6 billion in fiscal 2026. KLA's revenue grew 11.7% in its latest year, and Lam Research's grew 26.0%. Free cash flow was $3.8 billion at KLA and $4.9 billion at Lam Research. Their fiscal years end in different months (June 30 and June 28), so the periods don't line up exactly.
Side by side
| KLA | Lam Research | |
|---|---|---|
| Latest fiscal year | FY2026, Jun 30, 2026 | FY2026, Jun 28, 2026 |
| Revenue | $13.6B | $23.2B |
| Revenue growth | 11.7% | 26.0% |
| Revenue growth a year, last 5 years | 14.4% | 9.7% |
| Gross margin | 61.3% | 50.5% |
| Operating margin | — | 35.3% |
| Net margin | 35.6% | 31.3% |
| Free cash flow | $3.8B | $4.9B |
| Free cash flow margin | 27.7% | 21.1% |
| Return on capital | 75.3% | 77.7% |
| Net debt to EBITDA | 0.2x | −0.2x |
| Dividends and buybacks | $3.3B | $5.1B |
| Change in diluted share count | −1.3% | −2.2% |
| Last close | $149.21 | $237.50 |
| P/E at the last close | 40.8× | 35.4× |
| Insider trades, last 12 months | sold $112.3 million | sold $177.2 million |
| Piotroski F-score | 8 of 9 | 8 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
KLALam Research
Operating margin
Percent of revenue
KLALam Research
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
KLALam Research
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the KLA and Lam Research pages.