Analysis of Revenues
Revenues as Reported
KLA Corp., income statement, revenues
US$ in thousands
Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30).
Total revenues exhibit a significant growth trend, rising from $6.92 billion in June 2021 to a projected $13.58 billion by June 2026. This progression was characterized by strong expansion through 2023, a moderate contraction in the 2024 fiscal year, and a subsequent acceleration in growth during the final two years of the period.
- Wafer Inspection
- This segment serves as the primary driver of total revenue, growing from $2.66 billion in 2021 to an estimated $6.63 billion in 2026. A notable surge is observed between 2024 and 2025, where revenue increased by approximately 42%, underscoring the segment's critical role in the overall growth strategy.
- Services
- The services segment demonstrates the most consistent and stable growth trajectory, increasing every year without exception from $1.68 billion in 2021 to $3.13 billion in 2026. This steady upward trend indicates a growing installed base and the successful scaling of recurring revenue streams.
- Patterning
- Revenue from patterning exhibits high volatility. The segment grew from $1.51 billion in 2021 to a peak of $2.79 billion in 2023, before experiencing a sharp decline to $2.05 billion in 2024. A gradual recovery is projected through 2026, reaching $2.71 billion.
- PCB and Component Inspection
- A prolonged decline is observed in this segment from 2021 to 2024, with revenues falling from $562 million to $291 million. While a recovery trend begins in 2025, reaching $460 million by 2026, the segment fails to return to its 2021 levels.
- Specialty Semiconductor Process and Other
- Specialty Semiconductor Process revenues show modest, stable growth, ending the period at $503 million. Conversely, the "Other" category peaked in 2023 at $381 million before trending downward to $153 million by 2026, suggesting a decrease in the contribution of miscellaneous revenue sources.