KLA CORPKLAC
KLA CORP Financial Overview 2021–2025
Despite U.S. export controls driving China revenue share down from 43% to 33%, KLA Corporation delivered 24% top-line growth in FY2025. This operational decoupling highlights the central investment thesis: KLA’s monopoly in yield-management tools is so critical that soaring demand for AI and advanced packaging overrides geopolitical friction. The company’s financial trajectory validates this essential status, as annual revenue nearly doubled from $6.92 billion in FY2021 to $12.16 billion in FY2025.
KLA leverages this dominance to maintain elite profitability, expanding gross margins to 60.9% in FY2025 despite supply chain rebalancing. Cash generation remains robust, funding $2.15 billion in share repurchases and $904.6 million in dividends during the fiscal year, all while management allocated $1.36 billion to R&D to defend its technological moat. This momentum accelerated into the new fiscal year, with the company posting $1.15 billion in net income for Q2 2026 alone. The market priced this resilience at a premium, valuing the company at 29.5x earnings with a share price of $895.74 at the close of FY2025.
Recent Developments (Q1 and Q2 2026)
KLA Corporation accelerated through the first half of fiscal 2026, delivering $3.21 billion in Q1 revenue (up 13%) and $3.30 billion in Q2 (up 7%). Growth was fueled by a 72% spike in Taiwan revenue and a 37% surge in the PCB and Component Inspection segment during Q1, confirming strong uptake in AI-related advanced packaging. Operational efficiency pushed gross margins to 61.4% in Q2 2026, surpassing the prior year’s levels, while service revenue expanded 18% on the back of high-bandwidth memory demand.
Management fortified the balance sheet, growing cash reserves to $5.21 billion by December 2025 to support a steady $1.90 per share dividend. While KLA dominates critical yield-management nodes, the stock’s rapid appreciation presents valuation risks; shares closed at $1,427.94 upon the Q2 2026 release, trading at a rich 47.0x earnings multiple compared to historical averages.
What to watch: Sustainability of Taiwan revenue growth; adoption rates for new high-bandwidth memory inspection tools.
Rev
$12.16B
FY2025
NI
$4.06B
FY2025
EPS
$30.53
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, 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.
KLA CORP 8-K Report, Financial Results (Jan 29, 2026)
KLA Corporation (KLAC) has filed a Form 8-K detailing its second quarter fiscal year 2026 financial and operating results, as announced in a press release dated January 29, 2026. While the filing itself does not contain the specific financial figures, it serves as the official record and directs investors to the furnished press release (Exhibit 99.1) for comprehensive details on performance. Investors should consult this press release for key metrics such as revenue, earnings per share, profitability, and any forward-looking guidance provided by management.
KLA CORP 8-K Report, Bylaw Amendment (Nov 7, 2025)
KLA Corporation (KLAC) filed an 8-K on November 6, 2025, detailing key corporate governance updates and outcomes from its 2025 Annual Meeting of Stockholders held on November 5, 2025. The Board of Directors adopted amendments to the Company's By-laws, aimed at modernizing corporate governance practices, enhancing procedural mechanics for shareholder proposals, and updating disclosure requirements. These changes reflect evolving legal standards and market expectations, ensuring the Company's governance framework remains robust and transparent. The Annual Meeting saw high participation, with nearly 90% of outstanding shares represented. Key outcomes include the uncontested election of all ten director nominees, the ratification of PricewaterhouseCoopers LLP as the independent auditor for the upcoming fiscal year, and the approval of executive compensation on an advisory basis. Additionally, the Company announced a quarterly cash dividend of $1.90 per share, payable on December 2, 2025, reinforcing its commitment to returning value to shareholders.
KLA CORP 8-K Report, Financial Results (Oct 29, 2025)
KLA Corporation (KLAC) has filed a Form 8-K to report on its first quarter of fiscal year 2026 financial and operating results. The filing primarily serves to furnish a press release dated October 29, 2025, which contains the detailed outcomes for the quarter ending October 28, 2025. Investors should refer to the furnished press release (Exhibit 99.1) for specific financial metrics, performance indicators, and management commentary regarding the company's operational and financial condition during this period. This report does not include new audited financial statements or significant disclosures beyond what is contained in the press release. The information provided is furnished and not deemed "filed" for certain regulatory purposes, meaning it does not automatically trigger liability under Section 18 of the Exchange Act or become incorporated into other SEC filings by general reference. Investors seeking a comprehensive understanding of KLA's Q1 FY2026 performance should carefully review the content of the press release attached as an exhibit.
KLA CORP 8-K Report, Executive Changes (Aug 7, 2025)
KLA Corporation (KLAC) has filed an 8-K report detailing significant changes to its Board of Directors and the declaration of a quarterly cash dividend. Two long-standing directors, Gary Moore and Emiko Higashi, will retire from the Board at the upcoming Annual Meeting of Stockholders. Their departures are amicable and not due to any disagreements with the company. In line with these retirements, KLA is nominating Tracy Embree and Jason Conley to join the Board, subject to stockholder election at the Annual Meeting. Ms. Embree brings extensive executive experience from Otis Worldwide Corporation and Cummins Inc., and has prior public board experience, including with Lennox International. Mr. Conley is currently the Executive Vice President and CFO of Roper Technologies and has a strong background in financial leadership and corporate transformation. If elected, Ms. Embree will serve on the Compensation Committee, and Mr. Conley will serve on the Audit Committee, bringing valuable financial and operational expertise to the Board.
View all 8-K filings →