Income Statement
The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
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- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Geographic Areas
- Enterprise Value (EV)
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Revenues
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KLA Corp., consolidated income statement
US$ in thousands
Based on: 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), 10-K (reporting date: 2020-06-30).
- Revenues
- Revenues increased consistently from 5,806,424 thousand US dollars in mid-2020 to 12,156,162 thousand US dollars by mid-2025, demonstrating a strong upward trend with notable growth particularly between 2021 and 2023. A temporary decline occurred in 2024 before rising again in 2025.
- Segment Performance
- Product revenue rose steadily from 4,328,725 thousand to 9,472,854 thousand US dollars, with a dip in 2024. Service revenue followed a consistent growth trajectory, increasing from 1,477,699 thousand to 2,683,308 thousand US dollars over the period.
- Costs of Revenues and Gross Margin
- The cost of revenues increased from 2,449,561 thousand to 4,751,867 thousand US dollars, mirroring revenue trends but with a slight decrease in 2024. Gross margin expanded significantly from 3,356,863 thousand to 7,404,295 thousand US dollars, albeit with a drop in 2024, reflecting operational efficiency improvements and revenue growth.
- Operating Expenses
- Research and development expenses grew from 863,864 thousand to 1,360,334 thousand US dollars, showing ongoing investment in innovation. Selling, general, and administrative expenses exhibited a less consistent trend but generally increased from 734,149 thousand to 1,029,734 thousand over the reviewed period.
- Impairment Charges
- Impairment charges related to goodwill and intangible assets were recorded in 2020, 2024, and 2025 at 256,649 thousand, 289,474 thousand, and 239,100 thousand US dollars respectively, indicating occasional asset write-downs impacting profitability.
- Income from Operations
- Operating income rose notably from 1,502,201 thousand to 4,775,127 thousand US dollars, highlighting strong profitability improvements despite minor setbacks in 2024.
- Interest Expenses and Income
- Interest expense remained relatively stable with a slight increase to a peak of 311,253 thousand US dollars in 2024 before declining. Interest income showed a marked increase, especially from 2022 onwards, reaching 180,276 thousand US dollars by 2025.
- Other Income and Expenses
- Foreign exchange results fluctuated, with occasional gains offset by losses resulting in volatile net impacts. Net other income (expense) moved positively over time, culminating in a significant income contribution exceeding 171,000 thousand US dollars in 2025.
- Pre-Tax Income and Tax Provision
- Income before taxes climbed from 1,316,711 thousand to 4,644,448 thousand US dollars but declined slightly in 2024. The tax provision generally increased in line with income, reaching a peak of 582,805 thousand US dollars in 2025, suggesting effective tax management relative to rising profitability.
- Net Income and Earnings Attribution
- Net income rose substantially from 1,215,025 thousand to 4,061,643 thousand US dollars. The net income attributable to the company closely mirrored the overall net income, showing stable control over non-controlling interests and consistent profitability for shareholders.