Name: KLA Corp. (NASDAQ:KLAC) | Income Statement (Quarterly)
Creator: Stock Analysis on Net

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.

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KLA Corp., consolidated income statement (quarterly data)

US$ in thousands

3 months ended:	Sep 30, 2026	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	3,285,469)	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	850,546)	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	4,136,015)	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	(1,577,791)	(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	2,558,224)	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	(395,096)	(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	(301,458)	(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	1,861,670)	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	(67,927)	(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	30,339)	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	1,824,082)	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	(275,494)	(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	1,548,588)	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	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(74)	(24)	(88)	(73)	(68)	(80)	326)	268)	425)
Net income attributable to KLA	1,548,588)	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)	1,025,991)	805,374)	730,572)	717,444)	1,068,417)	632,978)	567,496)	457,251)	420,567)

Revenue exhibits a significant long-term upward trajectory, growing from 1.54 billion dollars in September 2020 to 4.14 billion dollars by September 2026. This growth is primarily driven by the product segment, which experienced a peak in December 2022 followed by a period of stabilization through 2023 before resuming an aggressive growth phase from 2024 onward. The service segment demonstrates a consistent, linear expansion, increasing from 393 million dollars to 850 million dollars over the analyzed period, providing a stable revenue base that complements the more volatile product sales.

Gross Profitability and Margin Trends: Gross margin expanded from 918 million dollars to 2.56 billion dollars. The cost of revenues has scaled proportionally with revenue, maintaining a relatively stable gross margin percentage throughout the period. A notable resilience in margin is observed even during the 2023 revenue plateau, indicating effective cost management and pricing power.
Operational Expense Management: Research and development (R&D) and selling, general and administrative (SG&A) expenses both show a gradual increase. R&D spending rose from 219 million dollars to 395 million dollars, while SG&A grew from 172 million dollars to 301 million dollars. The growth in these operational costs is significantly slower than the growth in total revenues, suggesting positive operating leverage.
Operating Income and Impairments: Income from operations grew from 526 million dollars in September 2020 to 1.86 billion dollars in September 2026. This growth was interrupted by intermittent impairment charges related to goodwill and intangible assets, specifically noted in December 2023, March 2024, and March 2025, which caused temporary dips in operating performance.
Net Income and Fiscal Impact: Net income attributable to the company increased from 420 million dollars to 1.55 billion dollars. The bottom line exhibited volatility primarily due to fluctuations in tax provisions and benefits, most notably a substantial tax benefit in September 2021. Interest expenses shifted from approximately 39 million dollars per quarter in 2020 to a higher range of 68 to 83 million dollars in later years, though this remained manageable relative to operating income growth.

The overall financial trend indicates a transition from a period of rapid post-2020 growth into a phase of consolidation in 2023, followed by a secondary acceleration in scale by 2025 and 2026. The expansion of the service revenue stream and the disciplined scaling of operating expenses have contributed to a strengthened net income profile.

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KLA Corp. (NASDAQ:KLAC)

Income StatementQuarterly Data

Income Statement
Quarterly Data