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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- Analysis of Liquidity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Reportable Segments
- Analysis of Geographic Areas
- Enterprise Value to FCFF (EV/FCFF)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Return on Assets (ROA) since 2005
- Total Asset Turnover since 2005
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KLA Corp., consolidated income statement (quarterly data)
US$ in thousands
Based on: 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).
- Revenue Trends
- Overall revenues have shown a consistent upward trend over the analyzed periods, increasing from approximately $1.41 billion in the third quarter of 2019 to over $3.20 billion by the third quarter of 2025. Both product and service revenues contributed to this growth, with product revenues experiencing greater volatility but generally increasing from about $1.06 billion to around $2.47 billion, while service revenues steadily increased from approximately $355 million to $745 million.
- Cost of Revenues and Gross Margin
- Costs of revenues rose in parallel with the increase in revenues, growing from approximately $604 million to around $1.24 billion. Despite this rise, the gross margin showed a significant increase, climbing from about $809 million to roughly $1.97 billion. This indicates effective cost management or improved pricing power, as gross margins nearly doubled during the period.
- Operating Expenses
- Research and development (R&D) expenses steadily increased, moving from about $211 million to approximately $360 million. Similarly, selling, general and administrative (SG&A) expenses increased from around $188 million to nearly $269 million. These rises reflect continued investment in innovation and administrative support concurrent with revenue growth.
- Impairment Charges
- There were significant impairments of goodwill and intangible assets recorded, notably a large charge of approximately $257 million in the first quarter of 2020 and additional impairments in subsequent years. These non-recurring expenses affected operating income in those periods.
- Income From Operations
- Income from operations showed robust growth, rising from approximately $410 million in the third quarter of 2019 to a peak of over $1.35 billion by the first quarter of 2025. Despite the impact of impairment charges in some quarters, operating income generally improved along with revenue growth and margin expansion.
- Interest and Other Expenses
- Interest expenses remained relatively stable, fluctuating slightly around the $39 million to $74 million range, with some periods showing higher interest costs. Losses on extinguishment of debt were infrequent and minor compared to other expenses. Other income and expense net values varied but generally contributed positively, especially in later quarters.
- Income Before Income Taxes and Tax Provision
- Income before income taxes increased from about $372 million to more than $1.3 billion. However, the tax provisions displayed volatility, including periods of tax benefits and unusually high tax expense fluctuations, likely influenced by one-time items or deferred tax effects. Some quarters recorded negative tax provision amounts, indicating tax benefits or refunds.
- Net Income and Attributable Earnings
- Net income attributable to the company increased substantially from approximately $347 million to over $1.2 billion, reflecting the overall growth in operational performance. Some quarters show deviations, which may correspond to impairment charges or tax effects, but the trend is upward with strong profitability improvements.
- Summary Insight
- The data indicates a company experiencing strong revenue growth driven by both product and service lines, with effective margin expansion. Increased investments in R&D and SG&A support growth initiatives. Operational profitability improved significantly despite occasional impairments and tax provision volatility. Interest costs were managed effectively, and the company delivered increasing net income over the timeframe, revealing solid financial health and improving operational efficiency.