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.
KLA Corp., consolidated income statement (quarterly data)
US$ in thousands
3 months ended:
Mar 31, 2026
Dec 31, 2025
Sep 30, 2025
Jun 30, 2025
Mar 31, 2025
Dec 31, 2024
Sep 30, 2024
Jun 30, 2024
Mar 31, 2024
Dec 31, 2023
Sep 30, 2023
Jun 30, 2023
Mar 31, 2023
Dec 31, 2022
Sep 30, 2022
Jun 30, 2022
Mar 31, 2022
Dec 31, 2021
Sep 30, 2021
Jun 30, 2021
Mar 31, 2021
Dec 31, 2020
Sep 30, 2020
Jun 30, 2020
Mar 31, 2020
Dec 31, 2019
Sep 30, 2019
Product
2,640,287)
2,511,093)
2,465,006)
2,472,182)
2,393,821)
2,409,462)
2,197,389)
1,954,837)
1,769,369)
1,921,809)
1,836,664)
1,816,524)
1,903,484)
2,463,408)
2,195,609)
1,975,112)
1,800,659)
1,895,769)
1,629,888)
1,481,478)
1,375,320)
1,238,023)
1,145,495)
1,075,104)
1,051,096)
1,144,550)
1,057,975)
Service
774,791)
786,053)
744,690)
702,559)
669,208)
667,389)
644,152)
613,898)
590,461)
564,917)
560,292)
538,613)
529,124)
520,479)
528,815)
511,627)
488,017)
456,861)
453,950)
443,993)
428,453)
412,847)
393,125)
384,489)
372,868)
364,903)
355,439)
Revenues
3,415,078)
3,297,146)
3,209,696)
3,174,741)
3,063,029)
3,076,851)
2,841,541)
2,568,735)
2,359,830)
2,486,726)
2,396,956)
2,355,137)
2,432,608)
2,983,887)
2,724,424)
2,486,739)
2,288,676)
2,352,630)
2,083,838)
1,925,471)
1,803,773)
1,650,870)
1,538,620)
1,459,593)
1,423,964)
1,509,453)
1,413,414)
Costs of revenues
(1,327,672)
(1,271,210)
(1,243,070)
(1,207,286)
(1,175,689)
(1,221,461)
(1,147,431)
(1,010,551)
(993,885)
(976,746)
(946,891)
(962,949)
(1,005,346)
(1,208,786)
(1,041,226)
(978,564)
(892,091)
(908,162)
(813,624)
(772,241)
(709,629)
(669,733)
(620,562)
(621,544)
(590,158)
(633,618)
(604,241)
Gross margin
2,087,406)
2,025,936)
1,966,626)
1,967,455)
1,887,340)
1,855,390)
1,694,110)
1,558,184)
1,365,945)
1,509,980)
1,450,065)
1,392,188)
1,427,262)
1,775,101)
1,683,198)
1,508,175)
1,396,585)
1,444,468)
1,270,214)
1,153,230)
1,094,144)
981,137)
918,058)
838,049)
833,806)
875,835)
809,173)
Research and development
(388,763)
(383,871)
(360,461)
(352,989)
(338,043)
(346,157)
(323,145)
(325,759)
(321,590)
(320,418)
(311,214)
(317,110)
(328,276)
(332,826)
(318,515)
(296,881)
(285,189)
(265,031)
(258,153)
(241,428)
(238,957)
(229,064)
(219,038)
(217,100)
(215,433)
(220,751)
(210,580)
Selling, general and administrative
(291,134)
(279,919)
(268,988)
(262,706)
(248,905)
(267,081)
(251,042)
(255,106)
(237,514)
(237,244)
(239,645)
(250,857)
(238,393)
(243,096)
(253,980)
(236,778)
(216,489)
(213,479)
(193,261)
(192,022)
(183,040)
(181,909)
(172,631)
(167,791)
(185,760)
(192,253)
(188,345)
Impairment of goodwill and purchased intangible assets
—)
—)
—)
—)
—)
(239,100)
—)
—)
(70,474)
(219,000)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
(256,649)
—)
—)
Income from operations
1,407,509)
1,362,146)
1,337,177)
1,351,760)
1,300,392)
1,003,052)
1,119,923)
977,319)
736,367)
733,318)
899,206)
824,221)
860,593)
1,199,179)
1,110,703)
974,516)
894,907)
965,958)
818,800)
719,780)
672,147)
570,164)
526,389)
453,158)
175,964)
462,831)
410,248)
Interest expense
(70,423)
(69,668)
(71,075)
(73,125)
(71,889)
(74,981)
(82,171)
(82,836)
(79,981)
(74,202)
(74,234)
(73,491)
(74,774)
(74,280)
(74,395)
(44,197)
(39,978)
(37,852)
(38,312)
(39,970)
(39,092)
(38,880)
(39,386)
(40,221)
(39,231)
(40,472)
(40,350)
Loss on extinguishment of debt
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
(13,286)
—)
—)
—)
—)
—)
—)
—)
—)
—)
(22,538)
—)
—)
Other income (expense), net
79,675)
37,825)
43,374)
50,164)
35,930)
44,458)
40,935)
50,560)
45,622)
32,154)
26,739)
24,776)
14,864)
18,074)
47,006)
19,380)
(8,644)
(1,201)
(14,140)
29,033)
7,348)
(3,882)
(3,197)
(7,868)
1,004)
2,568)
1,618)
Income before income taxes
1,416,761)
1,330,303)
1,309,476)
1,328,799)
1,264,433)
972,529)
1,078,687)
945,043)
702,008)
691,270)
851,711)
775,506)
800,683)
1,142,973)
1,070,028)
949,699)
846,285)
926,905)
766,348)
708,843)
640,403)
527,402)
483,806)
405,069)
115,199)
424,927)
371,516)
(Provision) benefit for income taxes
(215,771)
(184,621)
(188,436)
(125,950)
(176,017)
(148,002)
(132,836)
(108,597)
(100,467)
(108,736)
(110,336)
(90,852)
(102,846)
(164,178)
(43,963)
(144,301)
(115,625)
(209,388)
302,137)
(75,785)
(73,233)
(70,419)
(63,664)
5,246)
(37,190)
(44,622)
(25,120)
Net income
1,200,990)
1,145,682)
1,121,040)
1,202,849)
1,088,416)
824,527)
945,851)
836,446)
601,541)
582,534)
741,375)
684,654)
697,837)
978,795)
1,026,065)
805,398)
730,660)
717,517)
1,068,485)
633,058)
567,170)
456,983)
420,142)
410,315)
78,009)
380,305)
346,396)
Net (income) loss attributable to non-controlling interest
Revenue exhibits a sustained long-term growth trajectory, increasing from $1.41 billion in September 2019 to $3.42 billion by March 2026. This expansion is primarily driven by product sales, although service revenue has demonstrated a more consistent and linear growth pattern over the same period.
Revenue Streams and Composition
Product revenue reflects higher volatility and serves as the primary growth engine, peaking at $2.64 billion in March 2026 from an initial $1.06 billion. Service revenue grew steadily from $355 million to $775 million, providing a stabilizing effect on the overall revenue mix.
Gross Margin Performance
Gross profit has expanded significantly, rising from $809 million to $2.09 billion. The scale of gross margin growth has generally outpaced the growth of the cost of revenues, indicating improved production efficiency or pricing power over the analyzed period.
Operating Expense Trends
Research and development (R&D) expenses increased from $210 million to $388 million, reflecting a commitment to continuous innovation. Selling, general, and administrative (SG&A) expenses followed a similar upward trend, growing from $188 million to $291 million, though they remained a smaller portion of total revenue compared to R&D.
Operating Income and Non-Recurring Items
Income from operations shows a general upward trend, reaching $1.41 billion by March 2026. However, this growth was periodically interrupted by significant impairment charges on goodwill and intangible assets, specifically in March 2020, December 2023, March 2024, and December 2024, which caused temporary contractions in operating profitability.
Financial Costs and Net Profitability
Interest expenses remained relatively stable around $40 million until late 2022, after which they shifted to a higher range between $70 million and $83 million. Despite these increased costs and occasional impairments, net income attributable to KLA grew from $346 million in September 2019 to $1.20 billion by March 2026, reflecting strong overall bottom-line expansion.
