KLAC SEC Filings
KLA CORP - 466 total 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 Quarterly Report for Q2 Ended Dec 31, 2025
KLA Corporation (KLAC) reported strong financial performance for the quarter and six months ended December 31, 2025. Total revenues increased by 7% year-over-year to $3.3 billion for the quarter, driven by robust growth in service revenue (up 18%) and a 4% increase in product revenue. This growth was particularly fueled by strong investments from memory customers in DRAM and high-bandwidth memory, alongside significant adoption of their advanced packaging products. The company also saw a notable uptick in its Semiconductor Process Control segment. The company maintained healthy profitability, with gross margin improving to 61.4% from 60.3% in the prior year's comparable quarter. Net income also saw a substantial increase, reaching $1.15 billion for the quarter, up from $824.5 million in the prior year. This improvement was partly due to the absence of the significant goodwill and intangible asset impairment charges recorded in the prior year's quarter. KLA continues to return capital to shareholders through share repurchases and dividend payments, signaling financial strength and a commitment to shareholder value.
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 Quarterly Report for Q1 Ended Sep 30, 2025
KLA Corporation reported strong financial results for the quarter ending September 29, 2025, demonstrating robust growth and profitability. Total revenues increased by 13% year-over-year, reaching $3.21 billion, driven by significant growth in both product and service segments. The company's Semiconductor Process Control segment, the largest contributor, saw a 13% revenue increase, while the PCB and Component Inspection segment experienced a substantial 37% surge, signaling strong demand in advanced packaging and AI-related applications. Profitability also improved, with net income rising to $1.12 billion ($8.47 diluted EPS) from $945.8 million ($7.01 diluted EPS) in the prior year's comparable quarter. This performance was supported by an improved gross margin of 61.3% and well-managed operating expenses. KLA also continues to focus on returning capital to shareholders, with $545.1 million in share repurchases and $254.0 million in dividends paid during the quarter, alongside maintaining a strong liquidity position with $4.68 billion in cash, cash equivalents, and marketable securities. The company noted its strategic positioning to benefit from AI-driven demand and leading-edge technology investments. Despite the positive results, KLA highlighted ongoing geopolitical and regulatory challenges, particularly concerning U.S. export controls impacting sales to China. While these factors present risks, the company's diversified revenue streams and strong demand from other regions, especially Taiwan, helped offset potential impacts. KLA remains committed to investing in research and development to maintain its technological edge and expects continued growth supported by industry trends in AI, advanced packaging, and next-generation semiconductor manufacturing.
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 Annual Report, Year Ended Jun 30, 2025
KLA Corporation (KLAC) reported a strong fiscal year 2025, with total revenues increasing by 24% to $12.16 billion, driven primarily by robust demand in the Semiconductor Process Control segment, particularly from leading-edge foundries investing in AI infrastructure and advanced packaging. The company also saw a significant 15% increase in service revenues, reflecting growth in its installed base. Despite geopolitical and trade headwinds, KLA managed to improve its gross margin to 60.9% through increased revenue volume and effective cost management. KLA continued its commitment to returning capital to shareholders, with $2.15 billion in share repurchases and $904.6 million in dividends paid out during the fiscal year.
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.
KLA CORP 8-K Report, Financial Results (Jul 31, 2025)
KLA Corporation (KLAC) has filed an 8-K report on July 30, 2025, to disclose financial and operating results for its fourth quarter and full fiscal year 2025, as announced in a press release dated July 31, 2025. While the specific financial figures are detailed in the press release furnished as Exhibit 99.1, this filing serves as the official notification to the market about the company's recent performance. Investors should refer to the press release for comprehensive details on revenue, profitability, and any forward-looking statements. It is important to note that the information provided in this Item 2.02 and its exhibit is furnished and not deemed 'filed' under Section 18 of the Exchange Act. This means it does not carry the same legal liabilities as a formally filed document, nor is it automatically incorporated by reference into other SEC filings. Investors should consider this distinction when evaluating the information's impact.
KLA CORP 8-K Report, Material Agreement (Jul 8, 2025)
KLA Corporation (KLAC) announced on July 7, 2025, the execution of a new, unsecured five-year revolving credit facility totaling $1.5 billion, with an option to increase by an additional $500 million. This new facility replaces the company's prior credit agreement, which had no outstanding debt at the time of termination. The proceeds are designated for general corporate purposes, including potential debt repayment, providing KLA with significant financial flexibility. The new credit facility offers flexible borrowing options, including Term SOFR Loans and ABR Loans, with interest rates tied to the company's credit ratings and a notable sustainability-linked pricing component that can adjust rates and fees based on environmental performance. This structure demonstrates KLA's commitment to ESG initiatives and potentially lowers financing costs if sustainability targets are met. The agreement includes customary covenants and events of default, with a maximum leverage ratio financial covenant.
KLA CORP 8-K Report, Executive Changes (May 8, 2025)
KLA Corporation (KLAC) has announced a significant change in its Board of Directors with the appointment of Susan J.S. Taylor and the immediate retirement of Robert A. Rango. Ms. Taylor's extensive background in accounting and finance, including her previous roles as Chief Accounting Officer at Meta Platforms and LinkedIn, brings valuable expertise to the Board and its Audit Committee. Her appointment is effective immediately and she will receive prorated compensation in line with the Company's current director compensation program. In addition to the board changes, KLA Corp also announced a quarterly cash dividend of $1.90 per share. This dividend underscores the company's commitment to returning value to shareholders and is payable on June 3, 2025, to shareholders of record on May 19, 2025. Investors should note that Mr. Rango's departure is not due to any disagreements with the company.
KLA CORP 8-K Report, Executive Changes (May 1, 2025)
KLA Corporation (KLAC) announced a significant addition to its Board of Directors with the appointment of Jamie E. Samath, effective April 30, 2025. Mr. Samath brings extensive financial and operational expertise, currently serving as Executive Vice President, Chief Financial Officer, and Head of Business Technology at Intuitive Surgical, Inc. His broad experience, including over 12 years at Intuitive Surgical where he held key financial leadership roles and expanded responsibilities into business technology functions, is expected to be a valuable asset to KLA's strategic direction. Furthermore, Mr. Samath has been appointed to the Company's Audit Committee, underscoring his financial acumen and relevance to the board's oversight responsibilities. Investors should note that his compensation for board service will be prorated and will consist of restricted stock units and an annual cash retainer, aligning with the Company's existing director compensation structure. This appointment signals KLA's commitment to strengthening its governance and leveraging experienced leadership in a dynamic industry.
KLA CORP Quarterly Report for Q3 Ended Mar 31, 2025
KLA Corporation (KLAC) reported a strong third quarter of fiscal year 2025, with total revenues of $3.06 billion, a significant 30% increase year-over-year. This growth was primarily driven by robust demand in the Semiconductor Process Control segment, particularly in wafer inspection and patterning products, fueled by customer investments in AI and advanced technologies. The company also saw a healthy increase in service revenues due to its growing installed base. Profitability also improved, with gross margin increasing to 61.6% from 57.9% in the prior year's quarter, benefiting from higher revenue volumes and improved manufacturing efficiencies. Net income more than doubled year-over-year to $1.09 billion, or $8.16 per diluted share, reflecting strong operational execution. The company continued to return capital to shareholders through $506.7 million in share repurchases and $225.8 million in dividends.
KLA CORP 8-K Report, Financial Results (Apr 30, 2025)
KLA Corporation (KLAC) filed an 8-K on April 30, 2025, to announce significant capital allocation decisions. The company's Board of Directors has established a quarterly dividend level of $1.90 per share, indicating an anticipated regular return to shareholders. This dividend is expected to commence with the declaration in May 2025, subject to board discretion and financial/legal considerations. Furthermore, KLA Corp has approved a substantial new share repurchase program authorizing up to $5 billion in stock buybacks. This new program adds to the existing $2 billion program, which still has approximately $457 million in remaining authority as of March 31, 2025. These capital return initiatives signal management's confidence in the company's financial health and its commitment to enhancing shareholder value.
KLA CORP 8-K Report, Corporate Update (Feb 13, 2025)
KLA Corp (KLAC) has announced a quarterly cash dividend of $1.70 per share, payable on March 4, 2025, to shareholders of record as of February 24, 2025. This action by the Board of Directors reflects the company's ongoing commitment to returning capital to its shareholders. Investors should note the specific record and payment dates to ensure they are eligible for the dividend. While this filing primarily focuses on the dividend declaration, it underscores KLA's consistent capital allocation strategy. Further details regarding the company's financial performance or strategic initiatives are not included in this specific 8-K filing, which is limited to the dividend announcement.
KLA CORP Quarterly Report for Q2 Ended Dec 31, 2024
KLA Corporation (KLAC) reported strong revenue growth of 24% year-over-year for the second quarter of fiscal year 2025, reaching $3.08 billion. This growth was primarily driven by robust demand in its Semiconductor Process Control segment, particularly in wafer inspection and patterning products, with significant contributions from customers in Taiwan and North America. Service revenues also saw a healthy increase of 18% due to a larger installed base. The company's financial performance was also bolstered by a significant increase in net income, up 42% to $824.5 million, leading to diluted earnings per share of $6.16. Despite a substantial goodwill and intangible asset impairment charge of $230.4 million related to its PCB and Component Inspection segment, the company maintained a strong gross margin of 60.3% and generated robust operating cash flow. However, investors should note the ongoing geopolitical and regulatory headwinds, particularly the U.S. government's enhanced export controls targeting China. These regulations have led to a reduction in the company's Remaining Performance Obligations (RPO) by $430 million and pose a risk to future sales in that region. The company also continues to manage its capital structure, with significant debt outstanding but a strong liquidity position, including $3.78 billion in cash, cash equivalents, and marketable securities, and an undrawn revolving credit facility.
KLA CORP 8-K Report, Financial Results (Jan 30, 2025)
KLA Corporation (KLAC) has filed a Form 8-K on January 29, 2025, reporting on the announcement of its second quarter fiscal year 2025 financial and operating results. The key information is contained within a press release issued on January 30, 2025, and furnished as an exhibit to this filing. Investors should refer to this press release for detailed performance metrics and forward-looking statements. This filing serves as a notification of the earnings release, and the specific financial figures and operational highlights will be found in the accompanying press release. The company has taken steps to clarify that the information provided in this 8-K and its exhibit is not deemed 'filed' for regulatory purposes, meaning it's not subject to specific liability provisions of the Securities Exchange Act of 1934 unless otherwise incorporated into future filings. Investors are advised to consult the press release for the substantive details of the quarter's performance.
KLA CORP 8-K Report, Regulation FD Disclosure (Dec 3, 2024)
KLA Corporation (KLAC) has filed an 8-K report to disclose the impact of new interim final rules released by the U.S. Department of Commerce's Bureau of Industry and Security (BIS) on December 2, 2024. These "2024 BIS Rules" add new entities to the U.S. Entity List, imposing further restrictions on KLA's ability to supply certain semiconductor capital equipment products and services to China-based customers without obtaining a license. The company is currently undertaking a detailed review to fully understand the application of these complex rules to its offerings. Despite the potential business implications stemming from these new regulations, KLA Corp. is reaffirming its previously issued guidance for the fiscal quarter ending December 31, 2024. The company plans to provide further public statements on the broader business context and the potential calendar year 2025 impact of the 2024 BIS Rules at upcoming investor conferences. Investors should monitor these future communications for more in-depth analysis and potential updates.
KLA CORP 8-K Report, Executive Changes (Nov 15, 2024)
KLA Corporation (KLAC) has announced a planned transition for its Executive Vice President and Chief Strategy Officer, Oreste Donzella. Effective April 14, 2025, Mr. Donzella will move from his current full-time role to a part-time senior advisor position, continuing until August 16, 2026. During this transition period, he will focus on handing over his current responsibilities, which is expected to be completed by April 13, 2025. This strategic shift involves a new Senior Advisor Agreement outlining his compensation and benefits during the advisory period, including a reduced annual base salary, continued equity vesting, and participation in retirement and welfare plans. Notably, he will not be eligible for bonuses or new long-term equity awards. The agreement also details a severance package contingent on termination by the company without cause, with specific lump-sum payments depending on the termination date.
KLA CORP 8-K Report, Shareholder Vote Results (Nov 8, 2024)
KLA Corporation (KLAC) filed an 8-K report on November 7, 2024, detailing the outcomes of its 2024 Annual Meeting of Stockholders held on November 6, 2024. The meeting saw strong participation, with over 89% of outstanding shares represented. Key outcomes included the election of nine directors, the ratification of PricewaterhouseCoopers LLP as the independent auditor for fiscal year 2025, and the approval of executive compensation on an advisory basis. Additionally, the report announced a quarterly cash dividend of $1.70 per share, payable on December 3, 2024, to shareholders of record on November 18, 2024. The Board also saw a change in its committee structure, with Kevin Kennedy appointed Chair of the Audit Committee and Robert Calderoni joining the Audit Committee, following Marie Myers' departure and a reduction in the Board's size to nine directors.
KLA CORP Quarterly Report for Q1 Ended Sep 30, 2024
KLA Corporation (KLAC) reported a strong fiscal first quarter for FY2025, with total revenues increasing by 19% year-over-year to $2.84 billion. This growth was driven by a robust increase in product revenue, up 20% to $2.20 billion, and a 15% rise in service revenue to $644 million. The company's Semiconductor Process Control segment was the primary revenue driver, experiencing a 21% increase and accounting for 91% of total segment revenue. Net income also saw a significant boost, rising to $946 million from $741 million in the prior year's comparable quarter, leading to diluted EPS of $7.01, up from $5.41. The company continues to benefit from strong demand for its inspection and metrology products, particularly in advanced packaging and memory markets, supported by global investments in domestic semiconductor capacity and AI-driven technologies. Despite geopolitical tensions and evolving export regulations impacting certain markets, KLA demonstrated resilience and effective operational management. The company maintained a healthy balance sheet, with total assets increasing to $15.68 billion and substantial liquidity through cash, cash equivalents, and marketable securities totaling $4.63 billion.
KLA CORP 8-K Report, Financial Results (Oct 30, 2024)
KLA Corporation (KLAC) has filed an 8-K report on October 29, 2024, primarily to announce its financial and operating results for the first quarter of fiscal year 2025. The report itself does not contain the detailed financial figures but rather directs investors to a press release issued on October 30, 2024, which is furnished as Exhibit 99.1. Investors should refer to this press release for specific performance metrics, revenue, earnings, and any forward-looking guidance the company may have provided. This filing serves as an official notification of the release of quarterly results, a crucial event for shareholders and potential investors. The disclosure in this 8-K, and its attached press release, is typically reviewed for key performance indicators, trends in the semiconductor equipment industry, and management's commentary on the business outlook. Investors should consult the press release for a comprehensive understanding of KLA's performance and strategic positioning.
KLA CORP 8-K Report, Executive Changes (Sep 20, 2024)
KLA Corporation (KLAC) has filed an 8-K report detailing the departure of a director. Marie Myers, a member of the Board of Directors, has informed the company that she will not seek reelection at the upcoming 2024 annual meeting of stockholders. Her term as a director will conclude at that meeting. Investors should note that Ms. Myers has affirmed her decision is not a result of any disagreement with the Company regarding its operations, policies, or practices. This represents a routine change in board composition rather than a response to any internal conflict.
KLA CORP 8-K Report, Corporate Update (Sep 3, 2024)
KLA Corporation (KLAC) announced a significant update regarding its shareholder returns policy through a Form 8-K filed on September 3, 2024. The company's Board of Directors has established a new quarterly common stock dividend level of $1.70 per share. This represents a planned target for dividend declarations, commencing with the dividend expected to be declared in November 2024, subject to the Board's ongoing discretion and satisfaction of financial and legal requirements. This dividend increase signals confidence from KLA's management in the company's financial health and future prospects. Investors should note that while $1.70 is the anticipated level, the declaration and payment of future dividends remain subject to board approval, market conditions, and other considerations. The press release also reiterates a standard Safe Harbor statement, cautioning that actual results may differ from forward-looking statements due to various market, operational, and geopolitical risks.
KLA CORP Annual Report, Year Ended Jun 30, 2024
KLA Corporation (KLAC) reported total revenues of $9.81 billion for the fiscal year ended June 30, 2024, a decrease of 7% year-over-year, primarily driven by a broad, macro-driven slowdown in semiconductor demand and customers rebalancing their supply chains. Despite the revenue dip, the company maintained a strong gross margin of 60%. The Semiconductor Process Control segment, which represents the largest portion of revenue, saw a 6% decrease, while the Specialty Semiconductor Process segment remained relatively flat, and the PCB and Component Inspection segment experienced a 13% decline. Geographically, China represented a significant 43% of total revenues for the fiscal year, though this was an increase from the prior year's 27%. This growth in China is notable given ongoing U.S. export restrictions, which the company is actively navigating by applying for necessary licenses. KLA continues to invest heavily in Research and Development (R&D) at 13% of total revenues, highlighting its commitment to innovation and maintaining a competitive technological edge in the dynamic semiconductor industry. The company also repurchased approximately $1.74 billion of its stock and paid out $773 million in dividends, demonstrating a commitment to returning capital to shareholders.
KLA CORP 8-K Report, Corporate Update (Aug 1, 2024)
KLA Corp (KLAC) has filed an 8-K report on August 1, 2024, primarily announcing a routine quarterly cash dividend. The board of directors declared a dividend of $1.45 per share, payable on September 3, 2024, to shareholders of record as of August 15, 2024. This action is standard for mature companies and indicates continued commitment to returning capital to shareholders, a positive signal for income-focused investors. While this filing does not contain material financial performance updates or significant corporate events beyond the dividend declaration, investors should note the consistency in dividend payouts, which can be a sign of financial stability and confidence in future cash flows. The attached press release (Exhibit 99.1) provides further details on this dividend announcement.
KLA CORP 8-K Report, Executive Changes (Jul 25, 2024)
KLA Corporation (KLAC) announced a significant internal reorganization aimed at streamlining its organizational structure and enhancing strategic focus. Effective immediately, the Electronics, Packaging and Components, KLA Instruments, and Semiconductor Process Control groups will be merged into a single product and customer organization led by Ahmad Khan. This restructuring reflects a move towards greater operational efficiency and a unified approach to market engagement within these key business segments. As part of this realignment, Oreste Donzella will transition from his role as Executive Vice President, Electronics, Packaging and Components, to become the new Executive Vice President and Chief Strategy Officer, effective July 25, 2024. This strategic appointment underscores the company's commitment to prioritizing and driving key strategic initiatives forward. Investors should monitor the impact of this reorganization on KLA's operational performance and its ability to execute its long-term strategy.
KLA CORP 8-K Report, Financial Results (Jul 24, 2024)
KLA Corporation (KLAC) has filed an 8-K report on July 24, 2024, to announce financial and operating results for its fourth quarter and full fiscal year 2024. The company has issued a press release detailing these results, which is furnished as an exhibit to this filing. Investors should refer to this press release for the specific financial performance metrics, including revenue, profitability, and other key operational indicators for the periods ended. The details provided in the press release are crucial for understanding KLA's recent performance and outlook. It is important to note that the information furnished under Item 2.02 of this report, including the press release, is not considered "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, nor is it incorporated by reference into any other SEC filings. This means that while the information is publicly available, it does not carry the same legal implications as information that is formally filed with the SEC. Investors should be aware of this distinction when evaluating the disclosed financial information.
KLA CORP 8-K Report, Corporate Update (May 2, 2024)
KLA Corporation (KLAC) filed an 8-K on May 2, 2024, primarily announcing a routine shareholder event. The company's Board of Directors has declared a quarterly cash dividend of $1.45 per share. This dividend is a positive signal for income-focused investors, demonstrating the company's continued commitment to returning capital to shareholders. The payment date is set for May 31, 2024, with a record date of May 15, 2024, allowing investors who hold the stock by mid-May to benefit from this distribution.
KLA CORP Quarterly Report for Q3 Ended Mar 31, 2024
KLA Corporation (KLAC) reported third-quarter fiscal year 2024 results showing a year-over-year decline in total revenues, primarily driven by a decrease in product revenue. This dip is attributed to the broader semiconductor industry slowdown, characterized by supply chain rebalancing and reduced capital expenditure plans by memory and foundry/logic customers. Despite the revenue contraction, service revenues saw a notable increase, up 12% year-over-year, indicating strength in the company's service offerings and installed base. The company recorded significant goodwill and purchased intangible asset impairment charges, totaling $219.0 million in the second quarter and $70.5 million in the third quarter of fiscal year 2024. These impairments were primarily related to the company's decision to exit the Display business. While these charges impacted profitability, the underlying operational performance, excluding these non-recurring items, should be assessed by investors. KLA continues to manage its liquidity effectively, with a robust cash position and available credit facilities.
KLA CORP 8-K Report, Financial Results (Apr 25, 2024)
KLA Corporation (KLAC) filed an 8-K on April 25, 2024, primarily to announce its financial and operating results for the third quarter of fiscal year 2024. This filing serves as a notification to investors regarding the release of their earnings, with the detailed press release furnished as an exhibit. Investors should refer to Exhibit 99.1 for the specific financial figures and operational commentary related to the quarter ending April 24, 2024.
KLA CORP 8-K Report, Regulation FD Disclosure (Mar 18, 2024)
KLA Corporation (KLAC) announced its strategic decision to exit the flat panel display (FPD) business, with manufacturing of FPD products expected to cease by December 31, 2024. This decision stems from the cancellation of a significant new technology project by a major customer and follows the company's prior exploration of alternatives for this segment. The FPD business represented a small portion of KLA's overall revenue, accounting for only 1.4% in calendar year 2023. While this exit is not expected to impact revenue guidance for the March 2024 quarter, the company anticipates incurring between $60-$70 million in non-cash inventory write-offs and $50-$70 million for impairment of goodwill and purchased intangible assets. Consequently, KLA has revised its financial guidance for the March quarter, expecting lower GAAP and non-GAAP gross margins and diluted EPS. The company anticipates an immaterially favorable long-term impact on profitability margins from this strategic shift.
KLA CORP 8-K Report, Corporate Update (Feb 8, 2024)
KLA Corporation (KLAC) announced on February 7, 2024, via a press release filed with the SEC, that its Board of Directors has declared a quarterly cash dividend of $1.45 per share. This dividend reflects the company's ongoing commitment to returning capital to shareholders and signals confidence in its financial stability and future cash flow generation. Investors should note the payment and record dates, which are crucial for determining eligibility for the dividend payout.
KLA CORP 8-K Report, Material Agreement (Feb 1, 2024)
KLA Corporation (KLAC) has announced the successful issuance of $750 million in senior notes through a public offering. This offering consists of $500 million in 4.700% Senior Notes due 2034 and $250 million in 4.950% Senior Notes due 2052. The proceeds from this issuance are designated for general corporate purposes, including the repayment of existing indebtedness and the execution of share repurchase programs. This debt financing aims to bolster the company's financial flexibility and support its capital allocation strategies. The issuance of new notes, particularly the further issuance of the 2052 Notes, suggests the company is leveraging favorable market conditions to manage its debt structure and fund its strategic initiatives, including returning capital to shareholders. Investors should note the specific interest rates, maturity dates, and redemption provisions associated with these new notes, as detailed in the filing.
KLA CORP Quarterly Report for Q2 Ended Dec 31, 2023
KLA Corporation (KLAC) reported its second-quarter fiscal year 2024 results, showing a year-over-year decrease in total revenues to $2.49 billion from $2.98 billion. This decline was primarily driven by a slowdown in semiconductor demand, leading customers to reduce capital expenditure plans. The company recorded a significant goodwill and purchased intangible asset impairment charge of $219 million related to its PCB and Display businesses, impacting net income. Despite the revenue decrease, service revenues saw a 9% increase year-over-year, supported by a growing installed base. KLA maintained a strong liquidity position with $3.34 billion in cash, cash equivalents, and marketable securities as of December 31, 2023. The company is navigating a challenging macroeconomic environment, characterized by a broad slowdown in semiconductor demand and inventory rebalancing within the industry. Management is focusing on moderating spending to reflect these conditions. The ongoing U.S. export control regulations impacting sales to China continue to be a key factor, with KLA actively seeking export licenses to mitigate disruptions. The company continues to invest in R&D to maintain its technological leadership.
KLA CORP 8-K Report, Financial Results (Jan 25, 2024)
KLA Corporation (KLAC) filed an 8-K on January 25, 2024, to report its selected financial and operating results for the second quarter of fiscal year 2024. The primary purpose of this filing is to provide investors with timely information regarding the company's recent performance. The details of these results are contained within the press release furnished as Exhibit 99.1 to this report. Investors should review the press release to understand KLA's performance metrics, revenue figures, profitability, and any forward-looking guidance provided. While the 8-K itself is procedural, the attached press release contains the substantive financial information that will inform investment decisions and market expectations for KLAC. It is important to note that the information furnished under Item 2.02 is not considered "filed" for regulatory purposes, meaning it doesn't carry the same liability as traditional SEC filings but serves as a public disclosure mechanism.
KLA CORP 8-K Report, Executive Changes (Nov 3, 2023)
KLA Corporation (KLAC) filed an 8-K on November 2, 2023, detailing key outcomes from its Annual Meeting of Stockholders held on November 1, 2023. The most significant development for investors is the stockholder approval of the KLA Corporation 2023 Incentive Award Plan (the '2023 Plan'), which replaces the prior 2004 Equity Incentive Plan. This new plan allows for various equity and cash-based awards and establishes a specific share limit for issuances. Additionally, the meeting saw the re-election of all ten nominated directors and the ratification of PricewaterhouseCoopers LLP as the independent auditor for fiscal year 2024. Investors should note the strong majority support for the director elections and the auditor ratification, indicating continued confidence in the company's governance and oversight. The advisory votes on executive compensation and the frequency of such votes also passed with significant approval, suggesting alignment between management and shareholders on compensation practices. Finally, the company announced a cash dividend of $1.45 per share, payable on December 1, 2023, providing a direct return to shareholders.
KLA CORP Quarterly Report for Q1 Ended Sep 30, 2023
KLA Corporation reported total revenues of $2.397 billion for the third quarter of fiscal year 2023, a decrease of 12% compared to the same period last year. This decline was primarily driven by a 16% drop in product revenue, reflecting a slowdown in the semiconductor industry as customers adjusted inventory levels and capital expenditure plans. Service revenue, however, saw a modest increase of 6%, indicating a resilient service segment. Net income attributable to KLA for the quarter was $741.4 million, or $5.41 per diluted share, down from $1.026 billion, or $7.20 per diluted share, in the prior year's quarter. This decrease is attributable to lower revenues and a slightly lower gross margin (60.5% vs. 61.8%). The company continues to invest in R&D, though at a slightly reduced pace, and has controlled SG&A expenses. KLA maintained a strong liquidity position with $3.35 billion in cash, cash equivalents, and marketable securities as of September 30, 2023, and continues to return capital to shareholders through dividends and stock repurchases.
KLA CORP 8-K Report, Financial Results (Oct 25, 2023)
KLA Corporation (KLAC) filed an 8-K on October 25, 2023, to announce its financial and operating results for the first quarter of fiscal year 2024. The report itself is brief, primarily serving as a vehicle to furnish the press release containing the detailed results. Investors should refer to the press release (Exhibit 99.1) for specific performance metrics, revenue figures, profitability, and management's commentary on the quarter. This filing indicates that the company has met its reporting obligations for the period, and the provided press release is the primary source of information regarding KLAC's performance in Q1 FY24. While the 8-K itself does not contain the financial details, it directs investors to where those crucial numbers can be found, along with the usual disclaimers about forward-looking statements and the non-filed status of the furnished information under certain sections of the Exchange Act.
KLA CORP 8-K Report, Corporate Update (Sep 6, 2023)
KLA Corporation (KLAC) announced a significant capital return initiative through a new $2 billion share repurchase program, which is incremental to the existing $6 billion program that still has approximately $1.6 billion in remaining authority. This demonstrates a strong commitment from management to return value to shareholders. Furthermore, the company's Board of Directors has established a new quarterly dividend level of $1.45 per share, commencing with the dividend expected to be declared in November 2023. This represents an increase from previous dividend levels and signals confidence in the company's financial health and future cash flow generation.
KLA CORP Annual Report, Year Ended Jun 30, 2023
KLA Corporation, a leading supplier of process control and yield management solutions for the semiconductor and related electronics industries, reported robust performance for the fiscal year ended June 30, 2023. Total revenues increased by 14% to $10.5 billion, driven primarily by strong demand in the Semiconductor Process Control segment. The company's strategic focus on advanced technologies and its comprehensive product portfolio positions it well within the dynamic electronics manufacturing landscape. Despite a macroeconomic slowdown impacting semiconductor device demand in the latter part of the fiscal year, KLA demonstrated resilience. The company maintained a strong gross margin and continued to invest in research and development to fuel future innovation. KLA's operations are largely international, with a significant portion of revenues generated in Asia, though the company also navigates evolving export regulations impacting its business in China. KLA remains committed to returning capital to shareholders through dividends and share repurchases.
KLA CORP 8-K Report, Corporate Update (Aug 3, 2023)
KLA Corp (KLAC) has filed an 8-K report on August 3, 2023, primarily to announce the declaration of a quarterly cash dividend. The Board of Directors has approved a dividend of $1.30 per share, demonstrating a continued commitment to returning capital to shareholders. This dividend is payable on September 1, 2023, to shareholders of record as of August 15, 2023, providing investors with a clear timeline for receiving this return. The filing also includes the press release announcing this dividend as an exhibit, which is standard practice for such corporate actions. Investors should note that this 8-K does not contain any material updates regarding the company's financial performance or strategic initiatives beyond the dividend declaration. The primary takeaway for investors is the consistent dividend payout, which can be a positive signal of financial health and management's confidence in future cash flows.
KLA CORP 8-K Report, Financial Results (Jul 27, 2023)
KLA Corporation (KLAC) filed an 8-K on July 27, 2023, to announce its financial and operating results for the fourth quarter and full fiscal year 2023. This filing primarily serves to furnish a press release containing these key financial details, which is attached as an exhibit. Investors should refer to the press release (Exhibit 99.1) for specific quantitative and qualitative performance metrics, trends, and management commentary. While the 8-K itself does not contain the detailed results, it officially marks the dissemination of the company's latest performance data. The information furnished is not considered 'filed' for certain regulatory purposes, meaning it does not trigger liability under Section 18 of the Exchange Act. Investors looking for the substance of the quarterly and annual performance should consult the provided press release.
KLA CORP 8-K Report, Executive Changes (Jul 24, 2023)
KLA Corporation (KLAC) announced a key leadership addition to its Board of Directors. Effective immediately, Michael McMullen has been elected to the Board and appointed to the Compensation and Talent Committee. Mr. McMullen brings extensive experience, having served as President and CEO of Agilent Technologies, Inc. for many years, and possesses a deep understanding of the technology and life sciences sectors. This appointment is significant as Mr. McMullen's expertise in leadership and strategic operations is expected to contribute to KLA's ongoing growth and corporate governance. His compensation will be in line with the company's current outside director compensation program, including a prorated grant of restricted stock units and an annual cash retainer, aligning his interests with those of the company and its shareholders.
KLA CORP 8-K Report, Corporate Update (May 5, 2023)
KLA Corporation (KLAC) has filed an 8-K report primarily announcing the declaration of its quarterly cash dividend. The board of directors approved a dividend of $1.30 per share, payable on June 1, 2023, to shareholders of record as of May 15, 2023. This action indicates the company's continued commitment to returning capital to its shareholders, a positive signal for income-focused investors.
KLA CORP Quarterly Report for Q3 Ended Mar 31, 2023
KLA Corporation reported solid financial results for the third quarter of fiscal year 2023, with total revenues increasing by 6% year-over-year to $2.43 billion. The Semiconductor Process Control segment was the primary growth driver, up 10%, reflecting strong demand for inspection and metrology products. The company also saw an 8% increase in service revenue, attributed to a growing installed base. Despite a slight decrease in gross margin to 58.7% from 61.0% in the prior year period, largely due to increased service and manufacturing costs, KLA maintained a healthy net income of $697.8 million. The company highlighted significant R&D investments, up 15% year-over-year, underscoring its commitment to innovation in the dynamic semiconductor industry. Management noted a continued slowdown in semiconductor demand impacting customer capital expenditure plans for 2023, and is focusing on moderating spending in response. Financially, KLA ended the quarter with a strong liquidity position, holding $2.89 billion in cash, cash equivalents, and marketable securities. The company returned significant capital to shareholders through dividends and share repurchases, demonstrating a commitment to shareholder returns while strategically investing in future growth.
KLA CORP 8-K Report, Financial Results (Apr 26, 2023)
KLA Corporation (KLAC) has filed an 8-K report on April 26, 2023, primarily to furnish a press release detailing selected financial and operating results for its third quarter of fiscal year 2023, which ended on April 25, 2023. This filing serves as the primary channel for investors to access the company's most recent performance metrics and operational highlights. The press release, attached as Exhibit 99.1, contains the core information regarding the company's performance during the quarter. While the 8-K itself is brief, the furnished press release is crucial for investors seeking to understand KLA's financial standing and outlook. Investors should review Exhibit 99.1 for details on revenue, profitability, segment performance, and any forward-looking statements or guidance provided by the company. It's important to note that the information furnished in this 8-K is not considered 'filed' for the purposes of certain securities regulations, meaning it does not carry the same legal liability as formal filings but is intended for informational purposes.
KLA CORP 8-K Report, Corporate Update (Feb 6, 2023)
KLA Corporation (KLAC) announced on February 2, 2023, a quarterly cash dividend declaration by its board of directors. The dividend of $1.30 per share represents a consistent commitment to returning capital to shareholders. This action signals financial stability and confidence in the company's ongoing performance and cash flow generation capabilities. Investors should note the payment and record dates for this dividend.
KLA CORP Quarterly Report for Q2 Ended Dec 31, 2022
KLA Corporation reported strong financial performance for the quarter ended December 31, 2022, with total revenues reaching $2.98 billion, a significant 27% increase year-over-year. This growth was primarily driven by robust demand in the Semiconductor Process Control segment, particularly for inspection and metrology products, as well as continued growth in specialty semiconductor markets. The company also saw a 14% increase in service revenues due to a larger installed base. Despite increased revenues, gross margin slightly decreased to 59.5% from 61.4% in the prior year's comparable quarter, attributed mainly to higher service and manufacturing costs. R&D and SG&A expenses also increased, reflecting investments in future growth and operational costs. Net income attributable to KLA was $978.8 million, up from $717.4 million in the prior year, leading to a diluted EPS of $6.89, a substantial increase from $4.71. The company also maintained a strong liquidity position with $2.87 billion in cash, cash equivalents, and marketable securities as of December 31, 2022, and continues to return capital to shareholders through dividends and share repurchases.
KLA CORP 8-K Report, Financial Results (Jan 26, 2023)
KLA Corporation (KLAC) filed an 8-K on January 26, 2023, to report its selected financial and operating results for the second quarter of fiscal year 2023. While the 8-K itself is brief, it primarily serves as a vehicle to furnish a press release containing these crucial results. Investors should refer to the press release (Exhibit 99.1) for the detailed financial performance of KLA during the quarter.