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:
Jun 30, 2026
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
Product
2,837,151)
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)
Service
820,405)
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)
Revenues
3,657,556)
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)
Costs of revenues
(1,413,108)
(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)
Gross margin
2,244,448)
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)
Research and development
(399,023)
(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)
Selling, general and administrative
(291,477)
(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)
Impairment of goodwill and purchased intangible assets
—)
—)
—)
—)
—)
—)
(239,100)
—)
—)
(70,474)
(219,000)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
Income from operations
1,553,948)
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)
Interest expense
(73,274)
(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)
Loss on extinguishment of debt
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
(13,286)
—)
—)
—)
—)
—)
—)
—)
—)
Other income (expense), net
68,711)
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)
Income before income taxes
1,549,385)
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)
(Provision) benefit for income taxes
(186,326)
(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)
Net income
1,363,059)
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)
Net (income) loss attributable to non-controlling interest
Financial performance across the analyzed period demonstrates a sustained upward trajectory in both top-line revenue and bottom-line profitability, characterized by significant expansion in product sales and steady growth in service-related income.
Revenue Dynamics and Composition
Total revenues grew from 1.54 billion US dollars in September 2020 to 3.66 billion US dollars by June 2026. This growth was primarily driven by product revenues, which increased from 1.15 billion US dollars to 2.84 billion US dollars. Service revenues exhibited a more linear and stable growth pattern, rising from 393 million US dollars to 820 million US dollars over the same period, suggesting a consistent expansion of the installed base and recurring revenue streams.
Gross Profitability and Cost Structure
Gross margins expanded in absolute terms, moving from 918 million US dollars in September 2020 to 2.24 billion US dollars in June 2026. While costs of revenues increased in tandem with sales, the growth in gross margin indicates the maintenance of strong pricing power and cost efficiencies as the company scaled.
Operating Expense Trends
Operating expenses showed controlled growth relative to revenue. Research and development expenses increased from 219 million US dollars to 399 million US dollars, reflecting continued investment in innovation. Selling, general, and administrative expenses grew from 172 million US dollars to 291 million US dollars. The slower growth rate of these expenses compared to total revenue suggests positive operational leverage.
Impact of Non-Recurring Items
Operating results were periodically impacted by impairment of goodwill and purchased intangible assets. Notable charges occurred in December 2023 (219 million US dollars), March 2024 (70 million US dollars), and March 2025 (239 million US dollars). These non-cash charges created temporary volatility in operating income but did not alter the long-term growth trend.
Profitability and Net Income
Income from operations grew from 526 million US dollars in September 2020 to 1.55 billion US dollars in June 2026. Net income attributable to the company followed a similar trajectory, rising from 420 million US dollars to 1.36 billion US dollars. Although net income experienced fluctuations due to tax provisions and impairment charges, the overall trend indicates a substantial increase in the company's capacity to generate profit.
The overall financial profile reveals a company successfully scaling its core product business while simultaneously building a robust service revenue foundation. Despite occasional impairment charges and cyclical fluctuations in product demand, the consistent increase in operating margins and net income underscores strong fundamental financial health.
