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KLACKLA Corporation

Technology · Optical Instruments · Nasdaq

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

KLAC quote by TradingView
Headquarters
Milpitas, CA
CEO
Richard P. Wallace
Next results
around Jan 28, 2027
Compare with peers → Embed
All key numbers (36, from the latest 10-K and 10-Q) From EDGAR
EPS (ttm)3.99Sales (ttm)14.5BNet income (ttm)5.3BSales growth+11.7%EPS growth+20.4%Sales Q/Q+28.9%
Free cash flow4.0BGross margin61.5%Oper. margin-Net margin36.2%FCF margin27.8%ROE80.6%
ROA28.6%R&D / sales11.3%Dividend0.80Debt/Eq0.88Curr. ratio2.76Cash1.5B
Op. cash flow (ttm)4.5BNet debt4.2BQuick ratio1.96Payout ratio21.9%Tax rate13.8%Stock pay / sales2.3%
Shares out.1.3BShares Y/Y-1.3%Book / share5.01Cash / share1.18Sales / share11.13Asset turnover0.79
Inventory turns1.44Days sales out.78Sales 3Y CAGR+9.0%Sales 5Y CAGR+14.4%EPS 3Y CAGR+14.9%EPS 5Y CAGR+22.3%

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

Changes in the numbers

FY2026 against FY2025
  • Revenue growth slowed to +11.7%+23.9% → +11.7% · Revenue FY2026 / revenue FY2025 − 1, against the same a year earlier · 10-K ↗
What management wrote about it → · Every company →

KLAC against Technology peers

Ten years, side by side → · All 75 →
GrowthProfitBalanceCleanInsiders
KLACPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 75 companies, the better end on the right. Hover a dot for the company.

Sales growth
+11.7%47th of 75 · median +14.1%
Net margin
36.2%12th of 75 · median 19.1%
Return on equity
80.6%8th of 69 · median 23.9%
Free cash flow margin
27.8%31st of 71 · median 22.3%
Debt / equity (less is better)
0.8848th of 61 · median 0.46
KLAC and the 5 peers closest in revenue
CompanyRevenue (ttm)Sales growthGross marginNet marginROEFCF marginDebt / equity
KLAC KLA Corporation$14.5B +11.7%61.5%36.2%80.6%27.8%0.88
NOW ServiceNow$15.4B +20.9%73.1%9.4%11.0%30.8%0.58
WDC Western Digital$14.5B +35.7%52.6%69.2%107.2%29.6%0.11
ADI Analog Devices$13.9B +16.9%65.8%29.8%12.3%35.6%0.27
STX Seagate Technology$13.8B +34.1%50.4%31.9%127.3%30.1%0.68
NXPI NXP Semiconductors$13.8B -2.7%56.4%23.4%26.7%25.4%1.07

From $9.2B of sales to $3.3B of profit

FY2022, from the 10-K income statement
Revenue to Gross profit: $5.6BRevenue to Cost of revenue: $3.6BGross profit to Net profit: $3.3BGross profit to Costs, tax, other: $2.3B Revenue: $9.2B Revenue$9.2B +33% Y/Y Gross profit: $5.6B · 61% margin Gross profit$5.6B61% margin Cost of revenue: $3.6B · 39% of revenue Cost of revenue$3.6B39% of revenue Net profit: $3.3B · 36% margin Net profit$3.3B36% margin +60% Y/Y Costs, tax, other: $2.3B · 25% of revenue Costs, tax, other$2.3B25% of revenue

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From $10.5B of sales to $3.4B of profit

FY2023, from the 10-K income statement and revenue by product
Wafer Inspection to Revenue: $4.3BServices to Revenue: $2.1BPatterning to Revenue: $2.8BSpecialty Semiconductor Process to Revenue: $492.1MPCB and Component Inspection to Revenue: $378.0MOther to Revenue: $381.1MRevenue to Gross profit: $6.3BRevenue to Cost of revenue: $4.2BGross profit to Net profit: $3.4BGross profit to Costs, tax, other: $2.9B Wafer Inspection: $4.3B · 41% Wafer Inspection$4.3B41% Services: $2.1B · 20% Services$2.1B20% Patterning: $2.8B · 27% Patterning$2.8B27% Specialty Semiconductor Process: $492.1M · 5% Specialty Semiconductor…$492.1M5% PCB and Component Inspection: $378.0M · 4% PCB and Component Inspe…$378.0M4% Other: $381.1M · 4% Other$381.1M4% Revenue: $10.5B Revenue$10.5B +14% Y/Y Gross profit: $6.3B · 60% margin Gross profit$6.3B60% margin Cost of revenue: $4.2B · 40% of revenue Cost of revenue$4.2B40% of revenue Net profit: $3.4B · 32% margin Net profit$3.4B32% margin +2% Y/Y Costs, tax, other: $2.9B · 28% of revenue Costs, tax, other$2.9B28% of revenue

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From $9.8B of sales to $2.8B of profit

FY2024, from the 10-K income statement and revenue by product
Wafer Inspection to Revenue: $4.3BServices to Revenue: $2.3BPatterning to Revenue: $2.1BSpecialty Semiconductor Process to Revenue: $470.6MPCB and Component Inspection to Revenue: $291.2MOther to Revenue: $333.2MRevenue to Gross profit: $5.9BRevenue to Cost of revenue: $3.9BGross profit to Net profit: $2.8BGross profit to Costs, tax, other: $3.1B Wafer Inspection: $4.3B · 44% Wafer Inspection$4.3B44% Services: $2.3B · 24% Services$2.3B24% Patterning: $2.1B · 21% Patterning$2.1B21% Specialty Semiconductor Process: $470.6M · 5% Specialty Semiconductor…$470.6M5% PCB and Component Inspection: $291.2M · 3% PCB and Component Inspe…$291.2M3% Other: $333.2M · 3% Other$333.2M3% Revenue: $9.8B Revenue$9.8B −7% Y/Y Gross profit: $5.9B · 60% margin Gross profit$5.9B60% margin Cost of revenue: $3.9B · 40% of revenue Cost of revenue$3.9B40% of revenue Net profit: $2.8B · 28% margin Net profit$2.8B28% margin −18% Y/Y Costs, tax, other: $3.1B · 32% of revenue Costs, tax, other$3.1B32% of revenue

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From $12.2B of sales to $4.1B of profit

FY2025, from the 10-K income statement and revenue by product
Wafer Inspection to Revenue: $6.2BServices to Revenue: $2.7BPatterning to Revenue: $2.2BSpecialty Semiconductor Process to Revenue: $517.2MPCB and Component Inspection to Revenue: $355.9MOther to Revenue: $204.6MRevenue to Gross profit: $7.4BRevenue to Cost of revenue: $4.8BGross profit to Net profit: $4.1BGross profit to Costs, tax, other: $3.3B Wafer Inspection: $6.2B · 51% Wafer Inspection$6.2B51% Services: $2.7B · 22% Services$2.7B22% Patterning: $2.2B · 18% Patterning$2.2B18% Specialty Semiconductor Process: $517.2M · 4% Specialty Semiconductor…$517.2M4% PCB and Component Inspection: $355.9M · 3% PCB and Component Inspe…$355.9M3% Other: $204.6M · 2% Other$204.6M2% Revenue: $12.2B Revenue$12.2B +24% Y/Y Gross profit: $7.4B · 61% margin Gross profit$7.4B61% margin Cost of revenue: $4.8B · 39% of revenue Cost of revenue$4.8B39% of revenue Net profit: $4.1B · 33% margin Net profit$4.1B33% margin +47% Y/Y Costs, tax, other: $3.3B · 27% of revenue Costs, tax, other$3.3B27% of revenue

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From $13.6B of sales to $4.8B of profit

FY2026, from the 10-K income statement and revenue by product
Wafer Inspection to Revenue: $6.6BServices to Revenue: $3.1BPatterning to Revenue: $2.7BSpecialty Semiconductor Process to Revenue: $502.5MPCB and Component Inspection to Revenue: $460.3MOther to Revenue: $153.1MRevenue to Gross profit: $8.3BRevenue to Cost of revenue: $5.3BGross profit to Net profit: $4.8BGross profit to Costs, tax, other: $3.5B Wafer Inspection: $6.6B · 49% Wafer Inspection$6.6B49% Services: $3.1B · 23% Services$3.1B23% Patterning: $2.7B · 20% Patterning$2.7B20% Specialty Semiconductor Process: $502.5M · 4% Specialty Semiconductor…$502.5M4% PCB and Component Inspection: $460.3M · 3% PCB and Component Inspe…$460.3M3% Other: $153.1M · 1% Other$153.1M1% Revenue: $13.6B Revenue$13.6B +12% Y/Y Gross profit: $8.3B · 61% margin Gross profit$8.3B61% margin Cost of revenue: $5.3B · 39% of revenue Cost of revenue$5.3B39% of revenue Net profit: $4.8B · 36% margin Net profit$4.8B36% margin +19% Y/Y Costs, tax, other: $3.5B · 26% of revenue Costs, tax, other$3.5B26% of revenue

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Where each $100 of sales went

FY2022
FY2023
FY2024
FY2025
FY2026
  • Cost of revenue
  • Costs, tax, other
  • Net profit

Band widths are the money. Gross profit is revenue less cost of revenue; operating expenses are gross profit less operating profit; R&D is from the income statement and the rest of the operating expenses is everything else; tax includes interest and other items when they are small. Y/Y is the change from the fiscal year before. Revenue by part only for the years in the last two 10-Ks' segment tables. The full income statement →

Profitability

3 of 3
  • ✓
    Net margin above the peer median36.2% vs 19.1%
  • ✓
    Return on equity above 15%80.6%
  • ✓
    A profit in every one of 10 years
Net margin, FY2017 to FY2026: 26.6% → 35.6%

Balance sheet

3 of 3
  • ✓
    Debt smaller than equityDebt / equity 0.88 on the latest balance sheet (peer median 0.46)
  • ✓
    Current assets cover current liabilitiesCurrent ratio 2.76
  • ✓
    Net debt under 3 years of free cash flow$4.2B net debt, 1.0 years
Debt / equity at each year end, FY2017 to FY2026: 2.21 → 0.93

Cash and shareholders

3 of 4
  • ✓
    Free cash flow positive in every one of 10 years$3.8B last year
  • ✓
    Share count down over 5 years−15.1%
  • ✓
    Dividend per share up over 5 years$0.36 → $0.80
  • !
    Cash from operations below net income$4.1B vs $4.8B
Free cash flow, FY2017 to FY2026: 1.0B → 3.8B

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

Revenue and net income, FY2017 to FY2026

Revenue 13.6B Net income 4.8B
FY2017 revenue 3.5B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000319201-19-000031 FY2017 net income 926.1M · NetIncomeLoss, 0000319201-19-000031 3.5B FY2017 FY2018 revenue 4.0B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000319201-20-000047 FY2018 net income 802.3M · NetIncomeLoss, 0000319201-20-000047 4.0B FY2018 FY2019 revenue 4.6B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000319201-21-000029 FY2019 net income 1.2B · NetIncomeLoss, 0000319201-21-000029 4.6B FY2019 FY2020 revenue 5.8B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000319201-22-000023 FY2020 net income 1.2B · NetIncomeLoss, 0000319201-22-000023 5.8B FY2020 FY2021 revenue 6.9B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000319201-23-000031 FY2021 net income 2.1B · NetIncomeLoss, 0000319201-23-000031 6.9B FY2021 FY2022 revenue 9.2B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000319201-24-000021 FY2022 net income 3.3B · NetIncomeLoss, 0000319201-24-000021 9.2B FY2022 FY2023 revenue 10.5B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000319201-25-000024 FY2023 net income 3.4B · NetIncomeLoss, 0000319201-25-000024 10.5B FY2023 FY2024 revenue 9.8B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000319201-26-000027 FY2024 net income 2.8B · NetIncomeLoss, 0000319201-26-000027 9.8B FY2024 FY2025 revenue 12.2B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000319201-26-000027 FY2025 net income 4.1B · NetIncomeLoss, 0000319201-26-000027 12.2B FY2025 FY2026 revenue 13.6B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000319201-26-000027 FY2026 net income 4.8B · NetIncomeLoss, 0000319201-26-000027 13.6B FY2026

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

KLAC's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Annual Quarterly
Revenue13.6B
FY2017: 3.5BFY2018: 4.0BFY2019: 4.6BFY2020: 5.8BFY2021: 6.9BFY2022: 9.2BFY2023: 10.5BFY2024: 9.8BFY2025: 12.2BFY2026: 13.6B FY2018FY2020FY2022FY2024FY2026
Net income4.8B
FY2017: 926.1MFY2018: 802.3MFY2019: 1.2BFY2020: 1.2BFY2021: 2.1BFY2022: 3.3BFY2023: 3.4BFY2024: 2.8BFY2025: 4.1BFY2026: 4.8B FY2018FY2020FY2022FY2024FY2026
Free cash flow3.8B
FY2017: 1.0BFY2018: 1.2BFY2019: 1.0BFY2020: 1.6BFY2021: 2.0BFY2022: 3.0BFY2023: 3.3BFY2024: 3.0BFY2025: 3.7BFY2026: 3.8B FY2018FY2020FY2022FY2024FY2026
EPS (diluted)3.66
FY2017: 0.59FY2018: 0.51FY2019: 0.75FY2020: 0.77FY2021: 1.34FY2022: 2.19FY2023: 2.42FY2024: 2.03FY2025: 3.04FY2026: 3.66 FY2018FY2020FY2022FY2024FY2026
Dividend per share0.80
FY2017: 0.21FY2018: 0.25FY2019: 0.30FY2020: 0.33FY2021: 0.36FY2022: 0.42FY2023: 0.52FY2024: 0.56FY2025: 0.68FY2026: 0.80 FY2018FY2020FY2022FY2024FY2026
Diluted shares1.3B
FY2017: 1.6BFY2018: 1.6BFY2019: 1.6BFY2020: 1.6BFY2021: 1.6BFY2022: 1.5BFY2023: 1.4BFY2024: 1.4BFY2025: 1.3BFY2026: 1.3B FY2018FY2020FY2022FY2024FY2026

Revenue by business segment

year to Jun 30, 2026
RevenueSharevs year before
Semiconductor Process Control 12.2B90.2% +11.9%
PCB And Component Inspection 750.4M5.5% +20.7%
Specialty Semiconductor Process 584.1M4.3% -0.5%

10-K 0000319201-26-000027, segment and revenue notes (XBRL).

Revenue by product or service

year to Jun 30, 2026
RevenueSharevs year before
Wafer Inspection 6.6B48.8% +7.0%
Services 3.1B23.0% +16.5%
Patterning 2.7B19.9% +23.2%
Specialty Semiconductor Process 502.5M3.7% -2.8%
PCB and Component Inspection 460.3M3.4% +29.3%
Other 153.1M1.1% -25.2%

10-K 0000319201-26-000027, segment and revenue notes (XBRL).

Revenue by region

year to Jun 30, 2026
RevenueSharevs year before
China 4.0B29.8% +0.1%
Taiwan 3.6B26.8% +13.7%
Korea 1.8B13.5% +26.2%
North America 1.8B12.9% +29.0%
Japan 915.1M6.7% -19.2%
Europe and Israel 726.7M5.4% +26.6%
Rest of Asia 654.4M4.8% +69.6%

10-K 0000319201-26-000027, segment and revenue notes (XBRL).

Income statement

From EDGAR
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue3.5B4.0B4.6B5.8B6.9B9.2B10.5B9.8B12.2B13.6B
Cost of revenue1.3B1.4B1.9B2.4B2.8B3.6B4.2B3.9B4.8B5.3B
R&D526.7M608.5M711.0M863.9M928.5M1.1B1.3B1.3B1.4B1.5B
SG&A388.2M442.3M599.1M734.1M729.6M860.0M986.3M969.5M1.0B1.1B
Interest expense122.5M114.4M124.6M160.3M157.3M160.3M296.9M311.3M302.2M284.4M
Pretax income1.2B1.5B1.3B1.3B2.4B3.5B3.8B3.2B4.6B5.6B
Income tax247.2M653.7M121.2M101.7M283.1M167.2M401.8M428.1M582.8M775.2M
Net income926.1M802.3M1.2B1.2B2.1B3.3B3.4B2.8B4.1B4.8B
EPS (diluted)0.590.510.750.771.342.192.422.033.043.66
Diluted shares1.6B1.6B1.6B1.6B1.6B1.5B1.4B1.4B1.3B1.3B
Depreciation & amortization57.8M62.7M233.2M348.0M333.3M363.3M415.1M401.7M394.1M394.0M
Net margin26.6%19.9%25.7%21.0%30.0%36.1%32.3%28.1%33.4%35.6%
Revenue growth-+16.0%+13.2%+27.1%+19.2%+33.1%+13.9%-6.5%+23.9%+11.7%
EPS growth--13.3%+46.9%+2.8%+73.6%+63.9%+10.2%-15.9%+49.8%+20.4%

Balance sheet

From EDGAR
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash1.2B1.4B1.0B1.2B1.4B1.6B1.9B2.0B2.1B1.6B
Short-term investments1.9B1.5B723.4M746.1M------
Receivables571.1M651.7M990.1M1.1B1.3B1.8B1.8B1.8B2.3B2.9B
Inventory733.0M931.8M1.3B1.3B1.6B2.1B2.9B3.0B3.2B3.6B
Current assets4.4B4.5B4.3B4.7B5.7B7.2B8.4B10.0B10.7B12.4B
Property & equipment284.0M286.3M448.8M519.8M663.0M849.9M1.0B1.1B1.3B1.4B
Goodwill349.5M354.7M2.2B2.0B2.0B2.3B2.3B2.0B1.8B1.8B
Total assets5.5B5.6B9.0B9.3B10.3B12.6B14.1B15.4B16.1B18.0B
Accounts payable147.4M169.4M202.4M264.3M342.1M443.3M371.0M359.5M458.5M623.7M
Current liabilities1.3B1.2B1.8B1.7B2.1B2.9B3.7B4.7B4.1B4.3B
Total debt2.9B2.2B3.4B3.5B3.4B6.7B5.9B5.9B5.9B5.9B
Total liabilities4.2B4.0B6.3B6.6B6.9B11.2B11.2B12.1B11.4B11.6B
Shareholders' equity1.3B1.6B2.7B2.7B3.4B1.4B2.9B3.4B4.7B6.3B
Retained earnings848.5M1.1B714.8M654.9M1.3B366.9M848.4M1.1B2.2B3.7B

Cash flow

From EDGAR
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow1.1B1.2B1.2B1.8B2.2B3.3B3.7B3.3B4.1B4.1B
Capital spending38.6M66.9M130.5M152.7M231.6M307.3M341.6M277.4M335.3M375.9M
Free cash flow1.0B1.2B1.0B1.6B2.0B3.0B3.3B3.0B3.7B3.8B
Stock-based pay (added back)50.9M62.8M94.2M111.4M111.8M126.9M171.4M212.7M265.0M310.2M
Dividends paid344.0M402.1M472.3M522.4M559.4M638.5M732.6M773.0M904.6M1.1B
Buybacks25.0M203.2M1.1B829.1M938.6M4.0B1.3B1.7B2.1B2.3B
Acquisitions28.6M17.4M1.8B90.1M0479.1M27.1M3.7M00
Debt raised001.2B741.8M40.3M3.0B0735.0M0-
Debt repaid130.0M946.2M902.5M1.2B70.0M620.0M1.1B0750.0M0
Investing cash flow-560.9M291.6M-1.2B-258.9M-500.4M-876.5M-482.6M-1.5B-202.5M-1.2B
Financing cash flow-472.8M-1.3B-360.0M-1.3B-1.5B-2.3B-2.8B-1.8B-3.8B-3.4B
Dividend per share0.210.250.300.330.360.420.520.560.680.80

Stock-based pay and leases

From EDGAR
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Stock-based pay (expense)50.9M62.8M94.2M111.4M111.8M126.9M171.4M212.7M265.0M310.2M
Stock-based pay / revenue1.5%1.6%2.1%1.9%1.6%1.4%1.6%2.2%2.2%2.3%
Operating lease cash paid---34.7M38.1M38.0M47.3M41.4M47.2M56.6M
Right-of-use assets---100.8M102.9M126.4M208.7M231.8M269.7M335.1M
Operating lease liabilities---99.9M103.1M113.6M172.4M189.5M204.0M264.3M

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

Work on KLAC in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/KLAC/export.csv") into a cell.