KLA CORPKLAC
KLA CORP Financial Overview 2021–2025
Updated Jul 10, 2026Despite harsh U.S. export controls dropping its exposure to China from 43% of total revenue to 33%, KLA Corporation powered through with a 24% revenue surge to $12.16 billion in FY2025. This operational resilience cements the company's critical position in the global semiconductor supply chain, proving that surging demand from foundries building AI infrastructure easily outpaces geopolitical headwinds.
Total revenue scaled rapidly from $6.92 billion in FY2021 to $12.16 billion in FY2025. This expansion is underpinned by a highly profitable recurring service model, which saw a 15% revenue increase in FY2025 as the company's installed equipment base widened. KLA delivered a 60.9% gross margin over the same period, squeezing out operational efficiencies even as it navigated supply chain rebalancing and executed a strategic exit from the display business. The cash generated by this structural profitability directly funded aggressive capital returns, highlighted by $2.15 billion in stock repurchases and $904.6 million in dividends during the latest full fiscal year.
The market aggressively rewarded this compounding growth and cash generation. By the close of FY2025, the company commanded a $1.18 trillion market cap, with the stock trading at $895.74 and a staggering 294.9x earnings multiple. This rich premium underscores investor confidence that KLA's metrology and inspection tools remain inescapable bottlenecks for next-generation silicon manufacturing.
Recent Developments (Q2 and Q3 2026)
KLA accelerated shareholder returns in Q3 2026, announcing a 10-for-1 forward stock split alongside a new $7 billion share repurchase authorization and a 21% increase in the quarterly dividend to $2.30 per share. Operational performance mirrored this aggressive capital allocation. Total revenue for the first nine months of fiscal 2026 grew 10% year-over-year to $9.92 billion, fueled by a 16% surge in recurring service revenue. Gross margins remained robust at 61.3%, driving net income up 21% to $3.47 billion for the period.
Bulls argue the expanding installed base guarantees steady, high-margin service revenue alongside strong AI-driven memory demand. Bears warn that the company's valuation, resting at 57.6x earnings as of April 30, 2026, prices in perfection and limits cyclical upside.
What to watch: execution of the new $7 billion buyback program; growth momentum within the Semiconductor Process Control segment.
Rev
$12.16B
FY2025
NI
$4.06B
FY2025
EPS
$3.05
FY2025
OCF
$4.08B
FY2025
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
Recent SEC Filings
KLA CORP 8-K Report, Bylaw Amendment (Jun 12, 2026)
KLA Corporation (KLAC) has officially filed an 8-K report on June 12, 2026, detailing the completion of a ten-for-one forward stock split for its common stock. This corporate action, effective as of June 11, 2026, also involved a proportionate increase in the number of authorized shares from 500 million to 5 billion. This move is primarily a strategic decision to make the stock more accessible to a broader range of investors by lowering the per-share price, potentially increasing liquidity and trading volume.
KLA CORP 8-K Report, Corporate Update (May 7, 2026)
KLA Corporation (KLAC) has announced a significant corporate action: a ten-for-one forward stock split approved by its Board of Directors. This split, effective after market close on June 11, 2026, will increase the number of outstanding shares and proportionally increase authorized shares from 500 million to 5 billion. The record date for the split is June 4, 2026, and trading on a split-adjusted basis will commence on June 12, 2026, under the same ticker symbol 'KLAC'.
KLA CORP 8-K Report, Financial Results (Apr 29, 2026)
KLA Corporation (KLAC) has filed a Form 8-K on April 29, 2026, to report on its third quarter fiscal year 2026 financial and operating results. The core of this filing is a press release, furnished as Exhibit 99.1, which contains the selected financial and operating data. Investors should refer to this press release for specific details on the company's performance during the quarter. The filing serves as an official notification of these results, aligning with standard SEC reporting requirements for material events.
KLA CORP 8-K Report, Regulation FD Disclosure (Mar 12, 2026)
KLA Corporation (KLAC) filed an 8-K on March 12, 2026, detailing significant capital allocation initiatives approved by its Board of Directors on March 11, 2026. The company announced a substantial increase in its quarterly dividend, raising it to $2.30 per share, a 21% jump from the previous $1.90 per share. This new dividend level is anticipated to be the standard until further Board determination, commencing with the May 2026 declaration. Additionally, KLA authorized a new $7 billion share repurchase program, augmenting its ongoing $5 billion program which still retains $3.94 billion in remaining authority as of December 31, 2025. These actions signal strong confidence from management in the company's financial position and future prospects, aiming to enhance shareholder returns through both dividend growth and significant share buybacks. The filing also mentions that KLA hosted an investor day on March 12, 2026, featuring presentations from key executive management. A replay of the webcast and presentation slides are available on the company's investor relations website. While this 8-K primarily focuses on capital return strategies, investors should note the accompanying forward-looking statements and associated risks detailed in the report and KLA's Form 10-K, which encompass a wide range of factors that could impact future performance, including economic conditions, geopolitical events, regulatory changes, and industry-specific challenges.
KLA CORP 8-K Report, Corporate Update (Feb 5, 2026)
KLA Corporation (KLAC) announced on February 5, 2026, through an 8-K filing, that its Board of Directors has declared a quarterly cash dividend. This dividend amounts to $1.90 per share of common stock, demonstrating the company's continued commitment to returning capital to its shareholders. Investors should note the key dates associated with this dividend: payment will be made on March 3, 2026, to shareholders who are on record as of the close of business on February 17, 2026. This announcement, detailed in an attached press release (Exhibit 99.1), is a standard event for the company and indicates ongoing financial stability and confidence in future cash flows.
View all 8-K filings →