KLA CORP KLAC
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. Our suite of advanced products, coupled with our unique process control software and services, allows us to deliver solutions that help our customers achieve their technology advancement and high-volume production goals by improving yields while reducing waste, risks and costs. This improves our customers' overall profitability and return on investment. Our services business, which accounted for approximately 23% of our total revenues in fiscal 2026, provides maintenance and other services to maximize uptime, productivity and tool life for our customers.
Valuation FY2026 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.58B | $12.16B | $9.81B | $10.50B | $9.21B | $6.92B | $5.81B | $4.57B | $4.04B | $3.48B |
| Cost of revenue | $5.26B | $4.75B | $3.93B | $4.22B | $3.59B | $2.77B | $2.45B | $1.87B | $1.45B | $1.29B |
| Gross profit | $8.32B | $7.40B | $5.88B | $6.28B | $5.62B | $4.15B | $3.36B | $2.70B | $2.59B | $2.19B |
| R&D | $1.53B | $1.36B | $1.28B | $1.30B | $1.11B | $928.5M | $863.9M | $711.0M | $608.5M | $526.7M |
| SG&A | $1.13B | $1.03B | $969.5M | $986.3M | $860.0M | $729.6M | $734.1M | $599.1M | $442.3M | $388.2M |
| Interest expense | $284.4M | $302.2M | $311.3M | $296.9M | $160.3M | $157.3M | $160.3M | $124.6M | $114.4M | $122.5M |
| Pre-tax income | $5.61B | $4.64B | $3.19B | $3.79B | $3.49B | $2.36B | $1.32B | $1.30B | $1.46B | $1.17B |
| Income tax | $775.2M | $582.8M | $428.1M | $401.8M | $167.2M | $283.1M | $101.7M | $121.2M | $653.7M | $247.2M |
| Net income | $4.83B | $4.06B | $2.76B | $3.39B | $3.32B | $2.08B | $1.22B | $1.18B | $802.3M | $926.1M |
| EPS, basic | 3.68 | 3.05 | 2.04 | 24.28 | 22.07 | 13.49 | 7.76 | 7.53 | 5.13 | 5.92 |
| EPS, diluted | 3.66 | 3.04 | 2.03 | 24.15 | 21.92 | 13.37 | 7.70 | 7.49 | 5.10 | 5.88 |
| Shares, diluted (wtd. avg.) | $1.32B | $1.34B | $1.36B | $140.2M | $151.6M | $155.4M | $158.0M | $156.9M | $157.4M | $157.5M |
Balance sheet
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.65B | $2.08B | $1.98B | $1.93B | $1.58B | $1.43B | $1.23B | $1.02B | $1.40B | $1.15B |
| Short-term investments | — | — | — | — | — | — | $746.1M | $723.4M | $1.48B | $1.86B |
| Receivables | $2.89B | $2.26B | $1.83B | $1.75B | $1.81B | $1.31B | $1.11B | $990.1M | $635.9M | $571.1M |
| Inventory | $3.65B | $3.21B | $3.03B | $2.88B | $2.15B | $1.58B | $1.31B | $1.26B | $931.8M | $733.0M |
| Total current assets | $12.38B | $10.70B | $10.03B | $8.37B | $7.17B | $5.70B | $4.72B | $4.32B | $4.55B | $4.39B |
| Property, plant and equipment | $1.38B | $1.25B | $1.11B | $1.03B | $849.9M | $663.0M | $519.8M | $448.8M | $286.3M | $284.0M |
| Goodwill | $1.79B | $1.79B | $2.02B | $2.28B | $2.32B | $2.01B | $2.05B | $2.21B | $354.7M | $349.5M |
| Other intangibles | $255.8M | $444.8M | $668.8M | $935.3M | $1.19B | $1.19B | $1.39B | $1.56B | $19.3M | $19.0M |
| Total assets | $17.95B | $16.07B | $15.43B | $14.07B | $12.60B | $10.27B | $9.28B | $9.01B | $5.64B | $5.53B |
| Accounts payable | $623.7M | $458.5M | $359.5M | $371.0M | $443.3M | $342.1M | $264.3M | $202.4M | $169.4M | $147.4M |
| Short-term debt | — | $0 | $749.9M | $0 | $0 | $20.0M | $0 | $250.0M | $0 | $250.0M |
| Total current liabilities | $4.30B | $4.09B | $4.66B | $3.74B | $2.87B | $2.10B | $1.70B | $1.77B | $1.21B | $1.29B |
| Long-term debt | $5.89B | $5.88B | $5.88B | $5.89B | $6.66B | $3.42B | $3.47B | $3.17B | $2.24B | $2.68B |
| Total liabilities | $11.60B | $11.38B | $12.07B | $11.15B | $11.20B | $6.90B | $6.60B | $6.33B | $4.02B | $4.21B |
| Retained earnings | $3.68B | $2.18B | $1.14B | $848.4M | $366.9M | $1.28B | $654.9M | $714.8M | $1.06B | $848.5M |
| Total equity | $6.35B | $4.69B | $3.37B | $2.92B | $1.40B | $3.38B | $2.68B | $2.68B | $1.62B | $1.33B |
Cash flow
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4.14B | $4.08B | $3.31B | $3.67B | $3.31B | $2.19B | $1.78B | $1.15B | $1.23B | $1.08B |
| Depreciation and amortisation | $394.0M | $394.1M | $401.7M | $415.1M | $363.3M | $333.3M | $348.0M | $233.2M | $62.7M | $57.8M |
| Stock-based compensation | $310.2M | $265.0M | $212.7M | $171.4M | $126.9M | $111.8M | $111.4M | $94.2M | $62.8M | $50.9M |
| Capital expenditure | $375.9M | $335.3M | $277.4M | $341.6M | $307.3M | $231.6M | $152.7M | $130.5M | $66.9M | $38.6M |
| Investing cash flow | -$1.19B | -$202.5M | -$1.48B | -$482.6M | -$876.5M | -$500.4M | -$258.9M | -$1.18B | $291.6M | -$560.9M |
| Financing cash flow | -$3.39B | -$3.79B | -$1.78B | -$2.83B | -$2.26B | -$1.50B | -$1.30B | -$360.0M | -$1.27B | -$472.8M |
| Dividends paid | $1.06B | $904.6M | $773.0M | $732.6M | $638.5M | $559.4M | $522.4M | $472.3M | $402.1M | $344.0M |
| Buybacks | $2.29B | $2.15B | $1.74B | $1.31B | $3.97B | $938.6M | $829.1M | $1.10B | $203.2M | $25.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000319201-26-000027.
Others in SIC 3827
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|---|---|---|---|---|
| COHR | COHERENT CORP. | $55.20B | 68.4x | 22.5% |
| OPTX | SYNTEC OPTICS HOLDINGS, INC. | $304.9M | — | -1.3% |
| OPXS | Optex Systems Holdings Inc | $71.6M | 13.9x | 21.6% |
| MSAI | MultiSensor AI Holdings, Inc. | $10.7M | — | -25.0% |
| CAMT | CAMTEK LTD | — | — | 15.6% |
| NVMI | NOVA LTD. | — | — | 31.0% |