Stock Analysis on Net
Stock Analysis on Net

KLA Corp. (NASDAQ:KLAC)

$24.99

Income Statement
Quarterly Data

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.

Paying user area

Try for free

KLA Corp. pages available for free this week:

The data is hidden behind: . Unhide it.

Get access

This is a one-time payment. There is no automatic renewal.

We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

KLA Corp., consolidated income statement (quarterly data)

US$ in thousands

Microsoft Excel
3 months ended: 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
Service
Revenues
Costs of revenues
Gross margin
Research and development
Selling, general and administrative
Impairment of goodwill and purchased intangible assets
Income from operations
Interest expense
Loss on extinguishment of debt
Other income (expense), net
Income before income taxes
(Provision) benefit for income taxes
Net income
Net (income) loss attributable to non-controlling interest
Net income attributable to KLA

Based on: 10-Q (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-K (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30).

The financial performance presented demonstrates a generally positive trajectory over the observed period, with notable fluctuations and a recent shift in trends. Revenues exhibited consistent growth from the September 2019 period through the December 2022 period, peaking at approximately US$2.98 billion. However, revenues experienced a decline in the March 2023 period and remained relatively stable through the December 2023 period before resuming growth in the subsequent quarters, reaching approximately US$3.297 billion by September 2025. Gross margin generally increased over time, mirroring the revenue trend, with a significant increase observed between March 2021 and December 2021. A recent stabilization is observed in the gross margin, hovering around 35-36% in the latest reported periods.

Revenue Growth
Revenue growth was strong through December 2022, with a compound annual growth rate (CAGR) of approximately 18.5% from September 2019 to December 2022. The period from March 2023 to December 2023 showed a temporary stagnation, followed by a resumption of growth, albeit at a slower pace. The most recent quarters indicate a return to a more robust growth rate.
Profitability
Income from operations followed a similar pattern to revenue, increasing substantially through December 2022, experiencing a dip in the first half of 2023, and then recovering. Net income attributable to KLA mirrored this trend, with significant growth leading up to December 2022, a decline in the first half of 2023, and subsequent recovery. The company experienced a substantial increase in net income in the September 2021 period, driven by strong revenue and margin performance.
Cost Management
Costs of revenues increased in proportion to revenue growth, maintaining a relatively stable percentage of revenue. Research and development expenses remained consistently high throughout the period, indicating a continued commitment to innovation. Selling, general, and administrative expenses also increased over time, but at a slower rate than revenue, suggesting some degree of operating leverage. An impairment of goodwill and purchased intangible assets was recorded in March 2020 and again in September 2023, impacting overall profitability in those periods.
Recent Trends (2023-2025)
The period from March 2023 through December 2023 represents a period of relative stagnation in revenue and profitability. However, the subsequent quarters demonstrate a recovery, with both revenue and net income increasing. The service segment has shown consistent growth throughout the entire period, contributing increasingly to overall revenue. Interest expense remained relatively stable, while other income experienced fluctuations, including a significant positive impact in the June 2021 period.

Overall, the financial performance indicates a company capable of substantial growth, though subject to periodic fluctuations. The recent recovery in revenue and profitability, coupled with consistent growth in the service segment, suggests a positive outlook. The company’s continued investment in research and development is also a positive indicator of its long-term competitiveness.