Statement of Comprehensive Income

Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.

KLA Corp., consolidated statement of comprehensive income

US$ in thousands

12 months ended:	Jun 30, 2026	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Net income	4,830,771)	4,061,643)	2,761,896)	3,387,351)	3,322,060)	2,077,353)
Cumulative currency translation adjustments	(11,744)	17,820)	(11,763)	(22,288)	(15,915)	12,236)
Income tax (provision) benefit	(499)	749)	544)	1,547)	4,592)	(842)
Net change related to currency translation adjustments	(12,243)	18,569)	(11,219)	(20,741)	(11,323)	11,394)
Net unrealized gains (losses) arising during the period	34,383)	36,726)	9,737)	30,025)	104,952)	3,782)
Reclassification adjustments for net (gains) losses included in net income	(52,824)	(15,429)	(25,904)	(29,058)	(5,919)	181)
Income tax (provision) benefit	4,085)	(2,742)	2,466)	2,141)	(22,105)	(805)
Net change related to cash flow hedges	(14,356)	18,555)	(13,701)	3,108)	76,928)	3,158)
Net change related to unrecognized losses and transition obligations in connection with defined benefit plans	3,571)	3,706)	3,043)	6,074)	(1,438)	(7,247)
Net unrealized gains (losses) arising during the period	(15,491)	12,090)	11,527)	2,459)	(20,792)	(3,678)
Reclassification adjustments for net (gains) losses included in net income	(587)	(59)	103)	986)	306)	(253)
Income tax (provision) benefit	3,452)	(2,585)	(2,487)	(756)	4,405)	843)
Net change related to available-for-sale securities	(12,626)	9,446)	9,143)	2,689)	(16,081)	(3,088)
Other comprehensive income (loss)	(35,654)	50,276)	(12,734)	(8,870)	48,086)	4,217)
Comprehensive income	4,795,117)	4,111,919)	2,749,162)	3,378,481)	3,370,146)	2,081,570)
Comprehensive (income) loss attributable to non-controlling interest	—)	—)	—)	(74)	(253)	939)
Comprehensive income attributable to KLA	4,795,117)	4,111,919)	2,749,162)	3,378,407)	3,369,893)	2,082,509)

Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30).

Net income exhibits a strong overall growth trajectory over the analyzed six-year period, increasing from 2.08 billion in 2021 to 4.83 billion by 2026. While the growth was consistent between 2021 and 2023, a notable contraction occurred in 2024, where net income declined to 2.76 billion. This downturn was followed by a sharp recovery and acceleration in 2025 and 2026, with the latter year representing the peak earnings period in the provided timeframe.

Comprehensive income closely tracks the movement of net income, as the impact of other comprehensive income (OCI) remains relatively small in proportion to the total earnings. Consequently, comprehensive income attributable to the company rose from 2.08 billion in 2021 to 4.80 billion in 2026, reflecting the same dip in 2024 and subsequent growth in 2025 and 2026.

Volatility in Other Comprehensive Income (OCI): Other comprehensive income is characterized by high volatility, oscillating between significant gains and losses. A peak positive contribution of 50.28 million was recorded in 2025, contrasted by a loss of 35.65 million in 2026. This instability is primarily driven by fluctuations in currency translations and hedging activities.
Currency Translation Impacts: Net changes related to currency translation adjustments remained negative from 2022 through 2024, reaching a low of -20.74 million in 2023. A temporary reversal occurred in 2025 with a positive adjustment of 18.57 million, before returning to a negative position of -12.24 million in 2026.
Cash Flow Hedge and Securities Performance: Cash flow hedges provided a substantial positive impact in 2022 (76.93 million) but shifted to negative contributions in 2024 and 2026. Similarly, net changes related to available-for-sale securities fluctuated, showing losses in 2021 and 2022, shifting to gains between 2023 and 2025, and ending with a loss of 12.63 million in 2026.
Defined Benefit Plan Obligations: Adjustments related to unrecognized losses and transition obligations in connection with defined benefit plans showed a positive trend from 2023 onward, contributing consistently between 3.04 million and 6.07 million annually from 2023 to 2026, following losses in 2021 and 2022.

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KLA Corp. (NASDAQ:KLAC)

Statement of Comprehensive Income