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Screener / SEC EDGAR /CIK 0000319201 /10-K filed Aug 6, 2026, compared with Aug 8, 2025 /Numbers from the XBRL of the 10-Ks
Technology peers:
KLACWDCADINXPINOWSTX
Nasdaq Technology · Optical Instruments

KLA Corporation KLAC

KLAC quote by TradingView

KLA Corporation and its majority-owned subsidiaries (“KLA” or the “Company,” and also referred to as “we,” “our,” “us” or similar references) are suppliers of industry-leading equipment and services that enable innovation throughout the electronics industry. 10-K, Item 1

Headquarters
Milpitas, CA
CEO
Richard P. Wallace
Next results
around Jan 28, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2026

Revenue of $13.6B through the costs to a net profit of $4.8B · income statement of the 10-K

36% net margin
Revenue to Gross profit: $8.3BRevenue to Cost of revenue: $5.3BGross profit to Net profit: $4.8BGross profit to Costs, tax, other: $3.5B Revenue: $13.6B REVENUE $13.6B +12% Y/Y Gross profit: $8.3B · 61% margin GROSS PROFIT $8.3B 61% margin Cost of revenue: $5.3B · 39% of revenue COST OF REVENUE $5.3B 39% of revenue Net profit: $4.8B · 36% margin NET PROFIT $4.8B 36% margin · +19% Y/Y Costs, tax, other: $3.5B · 26% of revenue COSTS, TAX, OTHER $3.5B 26% of revenue
Gross profit $8.3B 61% margin
Net profit $4.8B 36% margin · +19% Y/Y
The full income statement, year by year

KLAC among Technology peers

Six ratios from the latest 10-K. Each corner is the share of 74 peers the company is above, not a score.

Compare
Revenue growth: 11.7%, above 38% of 74 peers (their median 14.1%) REVENUE GROWTH 11.7% · above 38% Gross margin: 61.5%, above 55% of 67 peers (their median 56.4%) GROSS MARGIN 61.5% · above 55% Net margin: 36.2%, above 85% of 74 peers (their median 18.9%) NET MARGIN 36.2% · above 85% FCF margin: 27.8%, above 57% of 70 peers (their median 22.3%) FCF MARGIN 27.8% · above 57%
KLAC Peer median Below the median

What changed

28 new risk paragraphs and 2 accounting facts worth reading about. 10-K filed Aug 6, 2026 against Aug 8, 2025.

Risk factors
28 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Receivables growing faster than revenue
Receivables +27.6% vs revenue +11.7% (+15.9 pts)
10-K · XBRL
Cash from operations lower than net income
Cash from operations $4.1B vs net income $4.8B (FY ending Jun 30, 2026)
10-K · XBRL
Accounting checks
9 other checks clear, 2 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
3 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

2facts worth reading about the other 9 checks found nothing to note

  • Receivables growing faster than revenue
    Receivables +27.6% vs revenue +11.7% (+15.9 pts)
  • Cash from operations lower than net income
    Cash from operations $4.1B vs net income $4.8B (FY ending Jun 30, 2026)
  • Inventory +13.6% vs revenue +11.7% (+1.9 pts)
8 more checks with nothing to note
  • Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: Revenue Recognition
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

28 paragraphs in Risk Factors that were not in the 10-K filed Aug 8, 2025. Quoted as filed.

All 28 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Aug 8, 2025 10-K, ITEM 1A
    In September 2025, Commerce released an interim final rule that further expands export control restrictions and licensing requirements for foreign entities 50% or more directly or indirectly owned by one or more listed parties on the U.S. Entity List, Military End-User List, and certain entities on the Specially Designated Nationals and…
  2. Item 1A · new paragraph · not in the 10-K filed Aug 8, 2025 10-K, ITEM 1A
    In February 2026, the U.S. Supreme Court ruled that tariffs imposed under the International Emergency Economic Powers Act were not authorized, creating uncertainty around the status of prior tariffs, potential refund processes and the scope of future presidential tariff authority. This ruling adds volatility to an already fluid tariff…
  3. Item 1A · new paragraph · not in the 10-K filed Aug 8, 2025 10-K, ITEM 1A
    Additionally, while we are pursuing recovery of duties previously paid through the administrative refund process established by U.S. Customs and Border Protection and have begun receiving refunds, changes in the refund process or related legal challenges could impact the timing of cash receipts and our results of operations.
  4. Item 1A · new paragraph · not in the 10-K filed Aug 8, 2025 10-K, ITEM 1A
    The threat of terrorism targeted at, or acts of war in, the regions of the world in which we do business increases the uncertainty in our markets. Any act of terrorism or war that affects the economy or the industries we serve could adversely affect our business. Increased international political instability or geopolitical tensions in…

New risk paragraphs, against peers

Latest 10-K of each, Technology companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

From the same starting line, FY2017 to FY2026

Revenue, net income and free cash flow, each set to 100 in FY2017. What happened, from the 10-Ks. Not a forecast.

FY2017 = 100
200 400 100 Revenue: $3.5B in FY2017, $13.6B in FY2026 REVENUE $13.6B · 3.9x Net income: $926.1M in FY2017, $4.8B in FY2026 NET INCOME $4.8B · 5.2x Free cash flow: $1.0B in FY2017, $3.8B in FY2026 FREE CASH FLOW $3.8B · 3.6x FY2017 = 100FY2022FY2026
Revenue 3.9x $3.5B to $13.6B
Net income 5.2x $926.1M to $4.8B
Free cash flow 3.6x $1.0B to $3.8B

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2023FY2024FY2025FY2026
Revenue$10.5B$9.8B$12.2B$13.6B
Net income$3.4B$2.8B$4.1B$4.8B
Operating cash flow$3.7B$3.3B$4.1B$4.1B
Free cash flow$3.3B$3.0B$3.7B$3.8B

Revenue, FY2017 to FY2026

Ten fiscal years, each from its own 10-K · XBRL · USD

$13.6B ▲ 11.7% in FY2026

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Every number, year by year

Recent filings

3 filings in the last 30 days · SEC EDGAR

All filings

About the company

KLA Corporation, Milpitas, CA · from the 10-K filed Aug 6, 2026

KLA Corporation and its majority-owned subsidiaries (“KLA” or the “Company,” and also referred to as “we,” “our,” “us” or similar references) are suppliers of industry-leading equipment and services that enable innovation throughout the electronics industry. We provide advanced process control and process-enabling solutions for manufacturing wafers, reticles/masks, chemicals/materials, integrated circuits (“ICs” or “chips”), packaged ICs and printed circuit boards (“PCBs”), as well as comprehensive support and services across our installed base.

Headquarters
Milpitas, CA
Country
United States
Reports in
USD
Listed on
Nasdaq
Fiscal year ends
June 30
Last results
Oct 28, 2026
Incorporated in
DE

Email alerts

Sources

The 10-K filed Aug 6, 2026 (open at SEC), compared with the 10-K filed Aug 8, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/KLAC/export.csv") into a cell.