As of Q2'26 (2025-12-28), LRCX reported a Gross Margin of 49.6%, an Operating Margin of 33.9%, and a Net Profit Margin of 29.8%. These figures represent the latest available data points for each margin metric in the quarterly period ending December 2025. Over the period from Q3'23 to Q2'26, all three margin metrics have shown a consistent upward trend. Gross Margin improved from 41.5% to 49.6%, while Operating Margin increased from 24.4% to 33.9%, and Net Profit Margin rose from 21% to 29.8%. Notably, there was a significant acceleration in margin expansion beginning in Q3'25, especially in Net Profit Margin, which peaked at 33.3% in Q4'25 before stabilizing near 30%. This trend indicates ongoing improvements in profitability and operational efficiency for LRCX throughout the covered period.