Selected Financial Data
since 2005
Income Statement
KLA Corp., selected items from income statement, long-term trends
US$ in thousands
| 12 months ended: | Revenues | Net income (loss) attributable to KLA |
|---|---|---|
| Jun 30, 2026 | 13,579,476) | 4,830,771) |
| Jun 30, 2025 | 12,156,162) | 4,061,643) |
| Jun 30, 2024 | 9,812,247) | 2,761,896) |
| Jun 30, 2023 | 10,496,056) | 3,387,277) |
| Jun 30, 2022 | 9,211,883) | 3,321,807) |
| Jun 30, 2021 | 6,918,734) | 2,078,292) |
| Jun 30, 2020 | 5,806,424) | 1,216,785) |
| Jun 30, 2019 | 4,568,904) | 1,175,617) |
| Jun 30, 2018 | 4,036,701) | 802,265) |
| Jun 30, 2017 | 3,480,014) | 926,076) |
| Jun 30, 2016 | 2,984,493) | 704,422) |
| Jun 30, 2015 | 2,814,049) | 366,158) |
| Jun 30, 2014 | 2,929,408) | 582,755) |
| Jun 30, 2013 | 2,842,781) | 543,149) |
| Jun 30, 2012 | 3,171,944) | 756,015) |
| Jun 30, 2011 | 3,175,167) | 794,488) |
| Jun 30, 2010 | 1,820,760) | 212,300) |
| Jun 30, 2009 | 1,520,216) | (523,368) |
| Jun 30, 2008 | 2,521,716) | 359,083) |
| Jun 30, 2007 | 2,731,229) | 528,098) |
| Jun 30, 2006 | 2,070,627) | 380,452) |
| Jun 30, 2005 | 2,085,153) | 466,695) |
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), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
The long-term financial trajectory is characterized by an overall upward trend in both revenue and net income, interrupted by a significant period of volatility during the 2008-2009 cycle. Following a recovery phase, the company entered a period of accelerated growth beginning around 2017, with current projections suggesting a continued expansion of the top and bottom lines through 2026.
- Revenue Growth Trends
- From 2005 to 2008, revenues remained relatively stable, fluctuating between approximately 2.0 billion and 2.7 billion US dollars. A sharp contraction occurred in 2009, where revenues fell to 1.52 billion US dollars. A steady recovery followed, with revenues returning to 2007 levels by 2011 and maintaining a gradual ascent until 2016.
- A period of rapid expansion is observed from 2017 onward. Revenues grew from 3.48 billion US dollars in 2017 to a peak of 10.50 billion US dollars in 2023. Despite a slight dip to 9.81 billion US dollars in 2024, projections indicate a strong resurgence, with revenues expected to reach 13.58 billion US dollars by 2026.
- Net Income and Profitability
- Profitability exhibited extreme volatility in the early period, most notably in 2009 when a net loss of 523.37 million US dollars was recorded. This represents the only year of negative net income in the analyzed period.
- Between 2010 and 2016, net income fluctuated between 212.30 million and 704.42 million US dollars. However, a substantial shift in earnings power occurred after 2017, with net income rising sharply from 926.08 million US dollars in 2017 to 3.39 billion US dollars in 2023.
- While net income declined to 2.76 billion US dollars in 2024, the projections for 2025 and 2026 suggest an aggressive recovery, with net income expected to climb to 4.83 billion US dollars.
- Operational Efficiency and Margin Analysis
- The correlation between revenue and net income indicates a significant improvement in profit margins over the last decade. In the 2005-2016 period, net income was a smaller fraction of total revenue. In contrast, the 2020-2023 period shows a heightened conversion of revenue into profit, with net income reaching approximately 32% of revenue in 2023.
- The projections for 2025 and 2026 suggest that this high-margin environment will persist, as net income is projected to grow at a rate that closely mirrors or exceeds the growth in total revenues.
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Balance Sheet: Assets
KLA Corp., selected items from assets, long-term trends
US$ in thousands
| Current assets | Total assets | |
|---|---|---|
| Jun 30, 2026 | 12,381,790) | 17,951,535) |
| Jun 30, 2025 | 10,698,789) | 16,067,926) |
| Jun 30, 2024 | 10,031,144) | 15,433,566) |
| Jun 30, 2023 | 8,372,032) | 14,072,357) |
| Jun 30, 2022 | 7,168,911) | 12,597,088) |
| Jun 30, 2021 | 5,696,248) | 10,271,124) |
| Jun 30, 2020 | 4,723,545) | 9,279,960) |
| Jun 30, 2019 | 4,315,075) | 9,008,516) |
| Jun 30, 2018 | 4,549,000) | 5,619,356) |
| Jun 30, 2017 | 4,392,066) | 5,532,173) |
| Jun 30, 2016 | 3,868,032) | 4,962,432) |
| Jun 30, 2015 | 3,904,576) | 4,826,012) |
| Jun 30, 2014 | 4,586,830) | 5,538,664) |
| Jun 30, 2013 | 4,351,503) | 5,287,357) |
| Jun 30, 2012 | 4,164,043) | 5,100,308) |
| Jun 30, 2011 | 3,676,010) | 4,675,521) |
| Jun 30, 2010 | 2,835,465) | 3,907,056) |
| Jun 30, 2009 | 2,398,617) | 3,609,538) |
| Jun 30, 2008 | 3,035,764) | 4,848,390) |
| Jun 30, 2007 | 3,252,771) | 4,623,249) |
| Jun 30, 2006 | 3,543,243) | 4,575,911) |
| Jun 30, 2005 | 3,202,645) | 3,986,372) |
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), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
The asset base exhibits a substantial long-term growth trajectory, characterized by an overall increase in both liquidity and total scale from 2005 through 2026. Total assets expanded from $3.99 billion in 2005 to $17.95 billion by 2026, representing a significant augmentation of the corporate resource base.
- Total Asset Growth Patterns
- A period of relative volatility and moderate growth occurred between 2005 and 2010, with a notable dip in total assets to $3.61 billion in 2009. Following this period, a steady upward trend was maintained through 2018, reaching $5.62 billion. A structural inflection point is observed in 2019, where total assets jumped sharply to $9.01 billion, marking a transition into a phase of accelerated expansion that continued consistently through 2026.
- Current Asset Trends and Liquidity
- Current assets followed a similar trajectory to total assets, starting at $3.20 billion in 2005 and rising to $12.38 billion by 2026. While current assets experienced a contraction during the 2009 downturn, dropping to $2.40 billion, they recovered and began an aggressive climb after 2020, nearly doubling from $5.70 billion in 2020 to over $12 billion by the end of the analyzed period.
- Asset Composition Analysis
- The relationship between current and total assets indicates shifts in the balance sheet structure. In the early years (2005-2008), current assets comprised a dominant portion of the total asset base. However, the significant jump in total assets in 2019, which outpaced the growth of current assets in that specific year, suggests a substantial increase in non-current assets, potentially indicating major capital expenditures or acquisitions. In the final years of the data, current assets regained a higher proportion of the total asset mix, suggesting an increase in liquidity alongside the overall growth in scale.
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Balance Sheet: Liabilities and Stockholders’ Equity
KLA Corp., selected items from liabilities and stockholders’ equity, long-term trends
US$ in thousands
| Current liabilities | Total liabilities | Total debt | Total KLA stockholders’ equity | |
|---|---|---|---|---|
| Jun 30, 2026 | 4,304,927) | 11,601,715) | 5,887,415) | 6,349,820) |
| Jun 30, 2025 | 4,085,795) | 11,375,473) | 5,884,257) | 4,692,453) |
| Jun 30, 2024 | 4,660,774) | 12,065,238) | 6,630,135) | 3,368,328) |
| Jun 30, 2023 | 3,742,842) | 11,152,604) | 5,890,736) | 2,919,753) |
| Jun 30, 2022 | 2,871,083) | 11,197,998) | 6,660,718) | 1,401,351) |
| Jun 30, 2021 | 2,103,227) | 6,895,482) | 3,442,767) | 3,377,554) |
| Jun 30, 2020 | 1,699,786) | 6,598,950) | 3,469,670) | 2,665,424) |
| Jun 30, 2019 | 1,768,486) | 6,330,823) | 3,423,382) | 2,659,108) |
| Jun 30, 2018 | 1,218,083) | 3,998,845) | 2,237,402) | 1,620,511) |
| Jun 30, 2017 | 1,293,162) | 4,205,756) | 2,930,457) | 1,326,417) |
| Jun 30, 2016 | 1,002,423) | 4,273,318) | 3,057,936) | 689,114) |
| Jun 30, 2015 | 1,001,763) | 4,404,573) | 3,190,416) | 421,439) |
| Jun 30, 2014 | 895,611) | 1,869,318) | 747,919) | 3,669,346) |
| Jun 30, 2013 | 861,532) | 1,805,205) | 747,376) | 3,482,152) |
| Jun 30, 2012 | 862,907) | 1,784,713) | 746,833) | 3,315,595) |
| Jun 30, 2011 | 882,018) | 1,814,628) | 746,290) | 2,860,893) |
| Jun 30, 2010 | 771,787) | 1,660,445) | 745,747) | 2,246,611) |
| Jun 30, 2009 | 563,983) | 1,425,146) | 745,204) | 2,184,392) |
| Jun 30, 2008 | 950,332) | 1,866,660) | 744,661) | 2,981,730) |
| Jun 30, 2007 | 1,073,207) | 1,073,207) | —) | 3,550,042) |
| Jun 30, 2006 | 1,002,481) | 1,002,481) | —) | 3,567,991) |
| Jun 30, 2005 | 931,862) | 931,862) | —) | 3,045,257) |
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), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
The financial structure of the entity has undergone significant transformations between 2005 and 2026, characterized by a substantial increase in total leverage and high volatility in stockholders' equity. While liabilities grew steadily in the first decade, the later period is marked by aggressive shifts in debt levels and equity balances, suggesting active capital restructuring and capital return strategies.
- Liability Trends
- Current liabilities remained relatively stable between 2005 and 2016, fluctuating around the 1 billion USD mark. A consistent upward trajectory began in 2017, with obligations rising to 4.66 billion USD by 2024 before stabilizing near 4.3 billion USD by 2026. Total liabilities experienced two primary surges: the first in 2015, where they jumped from 1.87 billion USD to 4.4 billion USD, and a second, more aggressive increase starting in 2019, peaking at 12.06 billion USD in 2024.
- Debt Profile
- Total debt was not reported prior to 2008. From 2008 to 2014, debt levels were held constant at approximately 745 million USD. A sharp increase occurred in 2015, with debt rising to 3.19 billion USD. Following a period of relative stability, a second major escalation was observed in 2022, when total debt peaked at 6.66 billion USD. In the final years of the period, debt appears to have stabilized between 5.8 billion and 6.6 billion USD.
- Stockholders' Equity Volatility
- Equity exhibited a cyclical and volatile pattern. After maintaining levels around 3 billion USD from 2005 to 2014, equity collapsed to 421 million USD in 2015, coinciding with the first major spike in total debt. A recovery phase followed, with equity climbing back to 3.38 billion USD by 2021. A second sharp contraction occurred in 2022, with equity falling to 1.4 billion USD. However, a strong upward trend is evident from 2023 onward, with equity reaching a peak of 6.35 billion USD by 2026.
- Capital Structure Observations
- The inverse correlation between the spikes in total debt and the crashes in stockholders' equity—specifically in 2015 and 2022—indicates a pattern of financing capital distributions or buybacks through the issuance of debt. The period ending in 2026 shows a shift toward balance sheet strengthening, as equity growth significantly outpaces the growth of total liabilities.
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Cash Flow Statement
KLA Corp., selected items from cash flow statement, long-term trends
US$ in thousands
| 12 months ended: | Net cash provided by operating activities | Net cash (used in) provided by investing activities | Net cash used in financing activities |
|---|---|---|---|
| Jun 30, 2026 | 4,143,079) | (1,190,095) | (3,385,606) |
| Jun 30, 2025 | 4,081,903) | (202,481) | (3,785,687) |
| Jun 30, 2024 | 3,308,575) | (1,476,985) | (1,776,017) |
| Jun 30, 2023 | 3,669,805) | (482,571) | (2,830,289) |
| Jun 30, 2022 | 3,312,702) | (876,458) | (2,257,005) |
| Jun 30, 2021 | 2,185,026) | (500,404) | (1,497,881) |
| Jun 30, 2020 | 1,778,850) | (258,874) | (1,299,635) |
| Jun 30, 2019 | 1,152,632) | (1,180,982) | (360,005) |
| Jun 30, 2018 | 1,229,120) | 291,618) | (1,270,103) |
| Jun 30, 2017 | 1,079,665) | (560,886) | (472,805) |
| Jun 30, 2016 | 759,696) | 144,687) | (636,702) |
| Jun 30, 2015 | 605,906) | 918,221) | (1,302,972) |
| Jun 30, 2014 | 778,886) | (676,109) | (458,887) |
| Jun 30, 2013 | 913,188) | (241,447) | (428,510) |
| Jun 30, 2012 | 941,617) | (528,891) | (364,103) |
| Jun 30, 2011 | 823,166) | (359,510) | (300,155) |
| Jun 30, 2010 | 447,800) | (227,964) | (216,331) |
| Jun 30, 2009 | 195,684) | (484,900) | (299,117) |
| Jun 30, 2008 | 668,175) | 52,499) | (318,938) |
| Jun 30, 2007 | 610,686) | (399,268) | (633,227) |
| Jun 30, 2006 | 315,169) | 225,070) | (84,959) |
| Jun 30, 2005 | 506,735) | (158,068) | (81,069) |
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), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
The financial trajectory of the organization is characterized by a substantial and sustained expansion in liquidity generation, primarily driven by a significant escalation in operational cash flows over the twenty-year period. This growth has facilitated an increasingly aggressive capital return strategy, where the surplus cash generated from operations is systematically redistributed through financing activities.
- Operational Cash Flow Trends
- Net cash provided by operating activities exhibits a long-term upward trend, growing from 506.7 million US dollars in 2005 to a peak of 4.14 billion US dollars by 2026. A notable cyclical dip occurred in 2009, where cash flow dropped to 195.7 million US dollars, followed by a consistent recovery. The most rapid acceleration in cash generation began around 2020, with values consistently exceeding 3 billion US dollars annually from 2022 onward, indicating a significant scaling of the core business operations.
- Investing Activity Patterns
- Net cash used in investing activities demonstrates high volatility, fluctuating between periods of significant capital expenditure and intermittent cash inflows. Large outflows are observed in 2019, 2024, and 2026, suggesting periodic strategic investments or acquisitions. Conversely, positive cash flows in years such as 2006, 2015, and 2018 indicate periods of asset divestiture or the realization of previous investments. Despite these fluctuations, the investing activities generally represent a smaller portion of the total cash flow movement compared to operating and financing activities.
- Financing Activity and Capital Allocation
- Net cash used in financing activities has remained consistently negative throughout the entire period, reflecting a persistent outflow of capital. There is a clear correlation between the growth in operating cash flows and the magnitude of financing outflows. While outflows were relatively modest between 2005 and 2013, they intensified sharply after 2015. The peak outflow occurred in 2025 at 3.79 billion US dollars. This pattern suggests a disciplined and aggressive approach to shareholder returns, likely through dividends and share repurchases, funded directly by operational success.
- Overall Cash Flow Synthesis
- The synchronization between the three cash flow categories reveals a mature financial profile. The organization generates immense operational liquidity, maintains a flexible investment strategy, and utilizes the vast majority of its free cash flow to reduce its capital base or reward shareholders. The stability of the operating cash flow in the later years provides a robust cushion that supports both the volatility in investing activities and the escalating commitments in financing activities.
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Per Share Data
KLA Corp., selected data per share, long-term trends
US$
| 12 months ended: | Basic earnings per share 1 | Diluted earnings per share 2 | Dividend per share 3 |
|---|---|---|---|
| Jun 30, 2026 | 3.68 | 3.66 | 0.80 |
| Jun 30, 2025 | 3.05 | 3.04 | 0.68 |
| Jun 30, 2024 | 2.04 | 2.03 | 0.57 |
| Jun 30, 2023 | 2.43 | 2.42 | 0.52 |
| Jun 30, 2022 | 2.21 | 2.19 | 0.42 |
| Jun 30, 2021 | 1.35 | 1.34 | 0.36 |
| Jun 30, 2020 | 0.78 | 0.77 | 0.33 |
| Jun 30, 2019 | 0.75 | 0.75 | 0.30 |
| Jun 30, 2018 | 0.51 | 0.51 | 0.25 |
| Jun 30, 2017 | 0.59 | 0.59 | 0.21 |
| Jun 30, 2016 | 0.45 | 0.45 | 0.21 |
| Jun 30, 2015 | 0.23 | 0.22 | 1.85 |
| Jun 30, 2014 | 0.35 | 0.35 | 0.18 |
| Jun 30, 2013 | 0.33 | 0.32 | 0.16 |
| Jun 30, 2012 | 0.45 | 0.44 | 0.14 |
| Jun 30, 2011 | 0.48 | 0.47 | 0.10 |
| Jun 30, 2010 | 0.12 | 0.12 | 0.06 |
| Jun 30, 2009 | -0.31 | -0.31 | 0.06 |
| Jun 30, 2008 | 0.20 | 0.20 | 0.06 |
| Jun 30, 2007 | 0.27 | 0.26 | 0.05 |
| Jun 30, 2006 | 0.19 | 0.19 | 0.05 |
| Jun 30, 2005 | 0.24 | 0.23 | 0.01 |
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), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
1, 2, 3 Data adjusted for splits and stock dividends.
An analysis of per-share financial metrics from 2005 to 2026 reveals a long-term transition from period-over-period volatility to a phase of accelerated earnings growth and consistent shareholder distributions.
- Earnings Per Share (EPS) Performance
- Basic and diluted earnings per share exhibited significant volatility between 2005 and 2010, characterized by a notable contraction to -0.31 in 2009. A recovery period followed, with earnings fluctuating in a moderate range between 0.22 and 0.59 from 2011 through 2018. A shift toward rapid expansion is observed starting in 2019, as Basic EPS climbed from 0.75 to 2.43 by 2023. Despite a corrective dip to 2.04 in 2024, the trajectory concludes with strong projected growth, reaching 3.68 by 2026.
- Dividend Distribution Trends
- Dividends per share show a disciplined long-term upward trend, increasing from 0.01 in 2005 to 0.80 by 2026. A significant outlier is observed in 2015, where the dividend spiked to 1.85 before returning to a normalized growth path of 0.21 in 2016. Following 2016, dividends have grown steadily every year, reflecting a consistent policy of increasing capital returns to shareholders.
- Dilution Analysis
- The narrow variance between basic and diluted earnings per share throughout the entire period indicates a minimal impact from dilutive securities. The two metrics move in near-perfect correlation, suggesting that the capital structure has remained stable with limited dilution affecting the earnings attributable to common shareholders.
- Earnings-to-Dividend Relationship
- While dividends grew steadily in the early years regardless of EPS volatility, the most recent period shows dividend increases scaling alongside the acceleration of earnings. The substantial rise in EPS from 2020 onward has provided significantly more coverage for the expanding dividend payments, enhancing the sustainability of the payout growth.
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