KLA CORP

Listed Company

KLACCIK 0000319201NasdaqLarge AcceleratedOptical Instruments & LensesDelawareFY ends Jun 30

Period

FY 2025

Revenue

$12.16B

Net Income

$4.06B

Total Assets

$16.07B

Equity

$4.69B

Shares Out

130.63M

Op. Cash Flow

$4.08B

Business

KLA CORP provides advanced process control and process-enabling equipment and services that enable innovation and improve yields across the electronics and semiconductor industries. It offers inspection, metrology, chemistry process control, deposition and etch tools, process control software, certified/remanufactured systems and comprehensive service contracts for wafers, reticles, ICs, packaged ICs, PCBs and substrates. The company operates through three reportable segments: Semiconductor Process Control; Specialty Semiconductor Process; and PCB and Component Inspection. KLA sells primarily through a direct global sales force and service organization across Asia, the U.S., Europe and other international markets.

Summary from filing dated 2025-08-08

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Total revenues	12,156	9,812	10,496	9,212	6,919
Costs of revenues	4,752	3,928	4,218	3,592	2,772
Research and development	1,360	1,279	1,297	1,105	928
Selling, general and administrative	1,030	970	986	860	730
Impairment of goodwill and purchased intangible assets	239	289	0	0	—
Interest expense	302	311	297	160	—
Loss on extinguishment of debt	0	0	13	0	0
Other expense (income), net	−171	−155	−105	5	−29
Income before income taxes	4,644	3,190	3,789	3,489	2,360
Provision for income taxes	583	428	402	167	283
Net income	4,062	2,762	3,387	3,322	2,077
Less: Net income attributable to non-controlling interest	0	0	74,000	253,000	−939,000
Net income attributable to KLA	4,062	2,762	3,387	3,322	2,078
Basic (in dollars per share)	30.53	20.41	24.28	22.07	13.49
Diluted (in dollars per share)	30.37	20.28	24.15	21.92	13.37
Basic (in shares)	133	135	139	150	154
Diluted (in shares)	134	136	140	152	155

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	2,079	1,977	1,928	1,585	1,435
Marketable securities	2,416	2,527	1,315	1,123	1,060
Accounts receivable, net	2,264	1,833	1,753	1,812	1,305
Inventories	3,212	3,035	2,877	2,147	1,575
Other current assets	728	659	499	502	321
Total current assets	10,699	10,031	8,372	7,169	5,696
Land, property and equipment, net	1,253	1,110	1,032	850	663
Goodwill, net	1,792	2,016	2,279	2,320	2,011
Deferred income taxes	1,106	915	817	579	270
Purchased intangible assets, net	445	669	935	1,194	1,185
Other non-current assets	774	693	637	485	445
Total assets	16,068	15,434	14,072	12,597	10,271
Accounts payable	459	359	371	443	342
Deferred system revenue	817	986	652	501	295
Deferred service revenue	548	502	417	382	285
Current portion of long-term debt	0	750	0	—	—
Other current liabilities	2,262	2,064	2,303	1,545	1,161
Total current liabilities	4,086	4,661	3,743	2,871	2,103
Long-term debt	5,884	5,880	5,891	6,661	3,423
Deferred tax liabilities	447	487	529	659	651
Deferred service revenue	349	294	177	125	88
Other non-current liabilities	610	743	813	883	631
Total liabilities	11,375	12,065	11,153	11,198	6,895
Commitments and contingencies (Notes 9, 15 and 16)	—	—	—	—	—
Preferred stock, $0.001 par value, 1,000 shares authorized, none outstanding	0	0	0	0	0
Common stock, $0.001 par value, 500,000 shares authorized, 281,176 and 280,649 shares issued, 132,023 and 134,425 shares outstanding, as of June 30, 2025 and June 30, 2024, respectively	132,000	134,000	137,000	142,000	153,000
Capital in excess of par value	2,512	2,280	2,108	1,062	2,176
Retained earnings	2,179	1,137	848	367	1,277
Accumulated other comprehensive income (loss)	1	−49	−36	−27	−76
Total stockholders equity	4,692	3,368	2,920	1,401	3,378
Total liabilities and stockholders equity	16,068	15,434	14,072	12,597	10,271

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Impairment of goodwill and purchased intangible assets	239	289	10	6	—
Depreciation and amortization	394	402	415	363	333
Unrealized foreign exchange (gain) loss and other	15	−13	−18	47	−19
Asset impairment charges	0	11	0	0	842,000
Disposal of non-controlling interest	0	0	8	0	0
Stock-based compensation expense	265	213	171	127	112
Net gain on sale of assets	−161,000	0	0	—	—
Gain on sale of business	0	0	−30	0	−4
Deferred income taxes	−247	−155	−298	−330	−44
Settlement of treasury lock agreement	0	415,000	0	83	0
Accounts receivable	−368	−81	−49	−510	−203
Inventories	−155	−164	−749	−567	−270
Other assets	−10	−290	−121	−217	−96
Accounts payable	34	25	−145	102	79
Deferred system revenue	−169	334	151	213	−45
Deferred service revenue	100	203	88	130	46
Other liabilities	−78	−229	834	544	246
Net cash provided by operating activities	4,082	3,309	3,670	3,313	2,185
Proceeds from sale of assets	161,000	5	0	28	2
Net proceeds from sale of business	0	0	75	0	17
Business acquisitions, net of cash acquired	0	−4	−27	−479	0
Acquisition of intellectual property	−5	0	0	—	—
Capital expenditures	−335	−277	−342	−307	−232
Proceeds from capital-related government assistance	6	0	0	—	—
Purchases of available-for-sale and equity securities	−2,773	−2,757	−1,442	−988	−1,019
Proceeds from sale of available-for-sale securities	460	108	125	114	146
Proceeds from maturity of available-for-sale securities	2,456	1,460	1,134	761	582
Purchases of trading securities	−118	−134	−97	−121	−108
Proceeds from sale of trading securities	106	121	90	116	111
Proceeds from other investments	984,000	1	1	795,000	614,000
Net cash used in investing activities	−202	−1,477	−483	−876	−500
Payment of debt issuance costs	0	0	−7	0	0
Proceeds from issuance of debt, net of issuance costs	0	735	0	2,967	40
Proceeds from revolving credit facility, net of costs	0	0	300	875	0
Repayment of debt	−750	0	−1,087	−620	−70
Common stock repurchases	−2,150	−1,736	−1,312	−3,968	−939
Payment of dividends to stockholders	−905	−773	−733	−639	−559
Issuance of common stock	152	145	125	113	86
Tax withholding payments related to vested and released restricted stock units	−133	−143	−95	−84	−56
Contingent consideration payable and other, net	0	−4	−18	−1	0
Purchase of non-controlling interest	0	0	−4	0	0
Net cash used in financing activities	−3,786	−1,776	−2,830	−2,257	−1,498
Effect of exchange rate changes on cash and cash equivalents	8	−6	−14	−29	13
Net increase in cash and cash equivalents	102	49	343	150	200
Income taxes paid, net	887	831	495	465	326
Interest paid, net of capitalized interest	293	277	224	155	154
Contingent consideration payable - financing activities	0	−765,000	−2	16	−7
Dividends payable - financing activities	9	8	8	7	6
Unsettled common stock repurchase - financing activities	6	6	11	0	6
Accrued purchases of land, property and equipment - investing activities	26	14	18	20	31

Filings

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