Name: KLA Corp. (NASDAQ:KLAC) | Analysis of Revenues
Creator: Stock Analysis on Net

Analysis of Revenues

Revenues as Reported

Revenues as Reported

KLA Corp., income statement, revenues

US$ in thousands

12 months ended:	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019
Wafer Inspection	4,333,296)	4,336,663)	4,014,726)	2,661,167)	2,080,484)	1,657,753)
Patterning	2,054,442)	2,791,130)	2,050,025)	1,505,990)	1,278,382)	1,134,409)
Specialty Semiconductor Process	470,565)	492,109)	414,811)	304,627)	269,667)	129,854)
PCB and Component Inspection	291,161)	378,030)	562,464)	562,104)	497,026)	238,275)
Services	2,329,568)	2,117,031)	1,910,455)	1,678,418)	1,477,699)	1,176,661)
Other	333,215)	381,093)	259,402)	206,428)	203,166)	231,952)
Revenues	9,812,247)	10,496,056)	9,211,883)	6,918,734)	5,806,424)	4,568,904)

Based on: 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), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).

Overall Revenue Trend: The total revenue exhibits a consistent upward trend from June 30, 2019, to June 30, 2023, increasing from approximately $4.57 billion to $10.50 billion. However, there is a slight decline in the following year, ending at about $9.81 billion in June 30, 2024.
Wafer Inspection: The revenue from wafer inspection shows strong and steady growth over the period, nearly tripling from approximately $1.66 billion in 2019 to around $4.34 billion in 2023. The level mostly stabilizes between 2023 and 2024, reflecting a plateau in growth.
Patterning: Patterning revenue grows steadily from $1.13 billion in 2019 to a peak of roughly $2.79 billion in 2023. However, a significant decline follows in 2024, dropping to approximately $2.05 billion, indicating possible challenges or market adjustments in this segment.
Specialty Semiconductor Process: This segment displays a generally positive trend with revenue increasing from roughly $130 million in 2019 to a peak of about $492 million in 2023. A slight decrease occurs in 2024 to approximately $471 million, yet the segment maintains overall strong growth.
PCB and Component Inspection: The PCB and Component Inspection segment sees substantial growth from 2019 ($238 million) to 2021 ($562 million), with revenue holding steady through 2022. Subsequently, there is a sharp decline to $378 million in 2023 and a further decrease to $291 million in 2024, indicating a contraction in this area.
Services: Services revenue demonstrates steady expansion, rising from approximately $1.18 billion in 2019 to about $2.33 billion in 2024. This continuous growth suggests stable demand and potentially increased service offerings over time.
Other: The 'Other' category experiences fluctuations, starting at about $232 million in 2019, dipping slightly in 2020, and then rising to a peak near $381 million in 2023 before decreasing to $333 million in 2024. This volatility may reflect diverse or non-core revenue streams.
Summary Insights: The overall revenue growth is driven mainly by sustained increases in wafer inspection and services. The peak and subsequent decline in patterning revenues in 2024 may signal emerging market shifts or operational challenges. The notable downturn in PCB and Component Inspection revenues after 2022 suggests a structural decline or reduced demand in that segment. Despite some volatility in 'Other' revenues, the company maintains a generally positive growth trajectory with minor setbacks in the latest fiscal period.

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