KLAC (KLA Corporation) Stock Financials & Earnings

Company Info & Key Metrics

KLA Corporation designs, manufactures, and markets process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide. It operates thr...

CEORichard Wallace

Country🇺🇸 United States

ExchangeNASDAQ

IPOOct 8, 1980

www.kla.com

Revenue$3.3B

YoY Growth+7.2%

QoQ Growth+2.7%

Net Income$1.1B

EPS$8.68

Free Cash Flow$1.3B

Gross Margin61.4%

Op. Margin41.3%

Net Margin34.7%

FCF Margin38.3%

Rev Multiple (TTM)14.9x

P/E Ratio (TTM)41.7x

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q3 23	$2.4B	$1.4B	$861M
Q4 23	$2.4B	$1.4B	$824M
Q1 24	$2.4B	$1.5B	$899M
Q2 24	$2.5B	$1.5B	$952M
Q3 24	$2.4B	$1.4B	$848M
Q4 24	$2.6B	$1.6B	$1.1B
Q1 25	$2.8B	$1.7B	$1.1B
Q2 25	$3.1B	$1.9B	$1.2B
Q3 25	$3.1B	$1.9B	$1.3B
Q4 25	$3.2B	$2.0B	$1.4B
Q1 26	$3.2B	$2.0B	$1.3B
Q2 26	$3.3B	$2.0B	$1.4B

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q3 23	17.9x	54.2x
Q4 23	18.1x	56.1x
Q1 24	18.7x	61.3x
Q2 24	19.7x	70.2x
Q3 24	19.8x	72.8x
Q4 24	19.4x	68.8x
Q1 25	18.5x	64.1x
Q2 25	17.5x	59.2x
Q3 25	16.5x	51.4x
Q4 25	15.6x	46.8x
Q1 26	15.2x	44.9x
Q2 26	14.9x	41.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 23	$1.0B	$926M
Q4 23	$959M	$880M
Q1 24	$884M	$816M
Q2 24	$622M	$545M
Q3 24	$910M	$838M
Q4 24	$893M	$832M
Q1 25	$995M	$935M
Q2 25	$850M	$757M
Q3 25	$1.1B	$987M
Q4 25	$1.2B	$1.1B
Q1 26	$1.2B	$1.1B
Q2 26	$1.4B	$1.3B

Capital Expenditures

CapEx

Quarter	CapEx
Q3 23	$85M
Q4 23	$79M
Q1 24	$68M
Q2 24	$77M
Q3 24	$72M
Q4 24	$61M
Q1 25	$60M
Q2 25	$92M
Q3 25	$85M
Q4 25	$100M
Q1 26	$96M
Q2 26	$106M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 23	+6.3%	+12.8%
Q4 23	-5.3%	+1.1%
Q1 24	-12.0%	-7.2%
Q2 24	-16.7%	-14.0%
Q3 24	-3.2%	-4.1%
Q4 24	+9.0%	-1.1%
Q1 25	+18.5%	+14.9%
Q2 25	+23.7%	+19.6%
Q3 25	+30.0%	+17.0%
Q4 25	+23.7%	+16.9%
Q1 26	+13.0%	+8.8%
Q2 26	+7.2%	+5.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 23	$48M	2.0%
Q4 23	$50M	2.1%
Q1 24	$49M	2.0%
Q2 24	$49M	2.0%
Q3 24	$57M	2.4%
Q4 24	$59M	2.3%
Q1 25	$62M	2.2%
Q2 25	$62M	2.0%
Q3 25	$70M	2.3%
Q4 25	$71M	2.2%
Q1 26	$70M	2.2%
Q2 26	$74M	2.2%

OpEx Breakdown

Quarter	R&D	SG&A
Q3 23	$328M	$238M
Q4 23	$317M	$251M
Q1 24	$311M	$240M
Q2 24	$320M	$237M
Q3 24	$322M	$222M
Q4 24	$324M	$216M
Q1 25	$323M	$251M
Q2 25	$346M	$267M
Q3 25	$338M	$249M
Q4 25	$353M	$250M
Q1 26	$360M	$269M
Q2 26	$384M	$280M

Revenue Segments

Quarter	Defect Inspection	Other Revenue	PCB And Component Inspection	Patterning	Service	Specialty Semiconductor Process
Q3 23	$1.0B	$80M	$69M	$612M	$529M	$115M
Q4 23	$950M	$99M	$65M	$585M	$539M	$117M
Q1 24	$1.0B	$101M	$71M	$542M	$560M	$112M
Q2 24	$1.2B	$111M	$77M	$430M	$565M	$136M
Q3 24	$988M	$58M	$68M	$539M	$590M	$116M
Q4 24	$1.2B	$64M	$74M	$542M	$614M	$106M
Q1 25	$1.4B	$66M	$73M	$576M	$644M	$113M
Q2 25	$1.6B	$80M	$93M	$531M	$667M	$143M
Q3 25	$1.5B	$19M	$104M	$636M	$669M	$138M
Q4 25	$1.8B	$39M	$85M	$453M	$703M	$123M
Q1 26	$1.5B	$43M	$117M	$667M	$745M	$100M
Q2 26	$1.6B	$40M	$80M	$696M	$786M	$122M

Revenue by Geography

Quarter	China	Europe and Israel	Japan	Korea, Republic Of	North America	Rest of Asia	Taiwan, Province Of China
Q3 23	$635M	$209M	$216M	$468M	$341M	$84M	$479M
Q4 23	$711M	$139M	$185M	$429M	$313M	$80M	$497M
Q1 24	$1.0B	$168M	$227M	$220M	$251M	$99M	$405M
Q2 24	$1.0B	$123M	$298M	$311M	$264M	$88M	$375M
Q3 24	$997M	$129M	$267M	$201M	$247M	$84M	$434M
Q4 24	$1.1B	$119M	$171M	$175M	$309M	$124M	$524M
Q1 25	$1.2B	$145M	$189M	$239M	$501M	$108M	$462M
Q2 25	$1.1B	$134M	$229M	$357M	$286M	$97M	$881M
Q3 25	$793M	$170M	$339M	$379M	$294M	$100M	$988M
Q4 25	$959M	$125M	$377M	$478M	$281M	$81M	$874M
Q1 26	$1.3B	$151M	$295M	$299M	$298M	$105M	$794M
Q2 26	$995M	$161M	$229M	$479M	$394M	$194M	$845M

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 23	$1.6B	$1.3B	$2.9B
Q4 23	$1.9B	$1.3B	$3.2B
Q1 24	$1.7B	$1.6B	$3.3B
Q2 24	$1.7B	$1.7B	$3.3B
Q3 24	$1.8B	$2.4B	$4.3B
Q4 24	$2.0B	$2.5B	$4.5B
Q1 25	$2.0B	$2.7B	$4.6B
Q2 25	$1.8B	$1.9B	$3.8B
Q3 25	$1.9B	$2.2B	$4.0B
Q4 25	$2.1B	$2.4B	$4.5B
Q1 26	$1.9B	$2.7B	$4.7B
Q2 26	$2.5B	$2.8B	$5.2B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q3 23	139M	-2.3%
Q4 23	138M	-0.7%
Q1 24	137M	-0.4%
Q2 24	136M	-0.6%
Q3 24	136M	-0.3%
Q4 24	135M	-0.4%
Q1 25	135M	-0.4%
Q2 25	134M	-0.3%
Q3 25	133M	-0.8%
Q4 25	133M	-0.4%
Q1 26	132M	-0.3%
Q2 26	132M	-0.1%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$1M	2K
FY 15	$1M	2K
FY 16	$1M	2K
FY 17	$2M	2K
FY 18	$2M	2K
FY 19	$1M	4K
FY 20	$1M	4K
FY 21	$612K	11K
FY 22	$658K	14K
FY 23	$700K	15K
FY 24	$654K	15K
FY 25	$810K	15K