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Azenta vs Lam Research: revenue, profit, margins and growth compared

Azenta brought in $593.8M of revenue in fiscal 2025, Lam Research $23.2B in fiscal 2026. Revenue changed by +3.6% at Azenta and +26.0% at Lam Research on the year before, so Lam Research grew faster. Azenta kept -9.4% of its revenue as net profit, Lam Research 31.3%. Free cash flow was $38.3M at Azenta and $4.9B at Lam Research.

Side by side, latest fiscal year

AZTALRCX
Fiscal year endedFY2025 (September 30, 2025)FY2026 (June 28, 2026)
Revenue$593.8M$23.2B
Revenue growth+3.6%+26.0%
Net income-$55.8M$7.3B
Net margin-9.4%31.3%
Free cash flow$38.3M$4.9B
Free cash flow margin6.5%21.1%
Earnings per share (diluted)-$1.22$5.76
Cash$279.8M$5.6B
Debtn/a$3.7B
Price to earningsn/a54.7
Market value$1.5B$394.4B
Dividend yieldn/a0.33%
Rank by revenue in sector#290 of 530 · Technology#31 of 530 · Technology

Over the years

Revenue
AZTA FY2018: $631.6MAZTA FY2019: $334.2MAZTA FY2020: $388.5MAZTA FY2021: $513.7MAZTA FY2022: $555.5MAZTA FY2023: $551.5MAZTA FY2024: $573.4MAZTA FY2025: $593.8MLRCX FY2019: $9.7BLRCX FY2020: $10BLRCX FY2021: $14.6BLRCX FY2022: $17.2BLRCX FY2023: $17.4BLRCX FY2024: $14.9BLRCX FY2025: $18.4BLRCX FY2026: $23.2BFY18FY19FY20FY21FY22FY23FY24FY25FY26
AZTA $593.8MLRCX $23.2B
Net income
AZTA FY2018: $116.6MAZTA FY2019: $437.4MAZTA FY2020: $64.9MAZTA FY2021: $110.7MAZTA FY2022: $2.1BAZTA FY2023: -$14.6MAZTA FY2024: -$164.9MAZTA FY2025: -$55.8MLRCX FY2019: $2.2BLRCX FY2020: $2.3BLRCX FY2021: $3.9BLRCX FY2022: $4.6BLRCX FY2023: $4.5BLRCX FY2024: $3.8BLRCX FY2025: $5.4BLRCX FY2026: $7.3BFY18FY19FY20FY21FY22FY23FY24FY25FY26
AZTA -$55.8MLRCX $7.3B
Net margin
AZTA FY2018: 18.5%AZTA FY2019: 130.9%AZTA FY2020: 16.7%AZTA FY2021: 21.6%AZTA FY2022: 384.0%AZTA FY2023: -2.7%AZTA FY2024: -28.8%AZTA FY2025: -9.4%LRCX FY2019: 22.7%LRCX FY2020: 22.4%LRCX FY2021: 26.7%LRCX FY2022: 26.7%LRCX FY2023: 25.9%LRCX FY2024: 25.7%LRCX FY2025: 29.1%LRCX FY2026: 31.3%FY18FY19FY20FY21FY22FY23FY24FY25FY26
AZTA -9.4%LRCX 31.3%
Revenue growth
AZTA FY2019: -47.1%AZTA FY2020: +16.3%AZTA FY2021: +32.2%AZTA FY2022: +8.1%AZTA FY2023: -0.7%AZTA FY2024: +4.0%AZTA FY2025: +3.6%LRCX FY2020: +4.1%LRCX FY2021: +45.6%LRCX FY2022: +17.8%LRCX FY2023: +1.2%LRCX FY2024: -14.5%LRCX FY2025: +23.7%LRCX FY2026: +26.0%FY19FY20FY21FY22FY23FY24FY25FY26
AZTA +3.6%LRCX +26.0%
Free cash flow
AZTA FY2018: $61.2MAZTA FY2019: $67MAZTA FY2020: -$2.1MAZTA FY2021: $97.1MAZTA FY2022: -$539.5MAZTA FY2023: -$33.6MAZTA FY2024: $12.4MAZTA FY2025: $38.3MLRCX FY2019: $2.9BLRCX FY2020: $1.9BLRCX FY2021: $3.2BLRCX FY2022: $2.6BLRCX FY2023: $4.7BLRCX FY2024: $4.3BLRCX FY2025: $5.4BLRCX FY2026: $4.9BFY18FY19FY20FY21FY22FY23FY24FY25FY26
AZTA $38.3MLRCX $4.9B

Fiscal years as each company reports them; the two may end in different months.

Questions about Azenta and Lam Research

Which is bigger by revenue, Azenta or Lam Research?

Lam Research is bigger by revenue: $23.2B in fiscal 2026, against $593.8M for Azenta in fiscal 2025.

Which keeps more of its revenue as profit, Azenta or Lam Research?

Azenta had a net margin of -9.4% in fiscal 2025; Lam Research had 31.3% in fiscal 2026.

Which grew revenue faster, Azenta or Lam Research?

In their latest fiscal years revenue changed by +3.6% at Azenta and +26.0% at Lam Research.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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