Summary
KLA Corporation, a global leader in process control and process-enabling solutions for the semiconductor and electronics industries, demonstrated robust revenue growth in fiscal year 2021, with total revenues reaching $6.92 billion, a 19% increase year-over-year. This growth was primarily driven by strong demand in the Semiconductor Process Control segment, fueled by increased investments in 5G, high-performance computing, and advanced packaging. The company's diversified product portfolio, encompassing inspection, metrology, deposition, and etching solutions, caters to critical stages of semiconductor, PCB, and display manufacturing, enabling customers to improve yields and reduce costs. Financially, KLA reported net income attributable to KLA of $2.08 billion for FY2021, a significant increase from $1.22 billion in FY2020. This strong performance is supported by a gross margin that improved to 60%. The company maintained a healthy liquidity position with $2.49 billion in cash, cash equivalents, and marketable securities as of June 30, 2021. KLA also actively returned capital to shareholders through dividends and share repurchases. Despite strong results, the company faces ongoing risks related to supply chain constraints, particularly due to COVID-19 impacts, and customer concentration, with a few key customers accounting for a substantial portion of revenue.
Financial Highlights
55 data points| Revenue | $6.92B |
| Cost of Revenue | $2.77B |
| Gross Profit | $4.15B |
| R&D Expenses | $928.49M |
| SG&A Expenses | $729.60M |
| Interest Expense | $157.33M |
| Net Income | $2.08B |
| EPS (Basic) | $13.49 |
| EPS (Diluted) | $13.37 |
| Shares Outstanding (Basic) | 154.09M |
| Shares Outstanding (Diluted) | 155.44M |
Key Highlights
- 1KLA Corporation reported total revenues of $6.92 billion for fiscal year 2021, a 19% increase compared to the prior year, driven by strong demand across its key segments.
- 2Net income attributable to KLA was $2.08 billion in FY2021, a substantial rise from $1.22 billion in FY2020, reflecting strong operational performance.
- 3Gross margin improved to 60% in FY2021, up from 58% in FY2020, indicating enhanced profitability on sales.
- 4The Semiconductor Process Control segment remains the largest revenue driver, showing a 21% increase year-over-year, supported by demand for inspection and metrology solutions.
- 5The company ended FY2021 with a strong liquidity position, holding $2.49 billion in cash, cash equivalents, and marketable securities.
- 6KLA continues to invest in Research and Development (R&D), with R&D expenses increasing by 7% to $928.5 million in FY2021, underscoring its commitment to innovation.
- 7The company repurchased $938.6 million of its common stock in FY2021 and declared a quarterly cash dividend of $1.05 per share, signaling a commitment to returning capital to shareholders.