Analysis of Reportable Segments
KLA Corp. operates in 4 segments: Semiconductor Process Control; Specialty Semiconductor Process; PCB, Display and Component Inspection; and Other.
Segment Profit Margin
KLA Corp., profit margin by reportable segment
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | |
|---|---|---|---|---|---|---|
| Semiconductor Process Control | 63.89% | 65.21% | 64.61% | 63.81% | 63.48% | 64.76% |
| Specialty Semiconductor Process | 51.88% | 53.12% | 55.99% | 55.70% | 52.13% | — |
| PCB, Display and Component Inspection | 35.03% | 45.54% | 48.06% | 43.40% | 46.80% | 41.54% |
| Other | — | — | -9.20% | -1.74% | 23.57% | — |
Based on: 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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Semiconductor Process Control | Semiconductor Process Control segment profit margin ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
| Specialty Semiconductor Process | Specialty Semiconductor Process segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. | |
| PCB, Display and Component Inspection | PCB, Display and Component Inspection segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. | |
| Other |
Segment Profit Margin: Semiconductor Process Control
KLA Corp.; Semiconductor Process Control; segment profit margin calculation
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Segment gross profit | 5,957,573) | 5,167,679) | 3,705,222) | 3,028,167) | 2,590,434) | 2,554,223) |
| Revenues | 9,324,190) | 7,924,822) | 5,734,825) | 4,745,446) | 4,080,822) | 3,944,015) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | 63.89% | 65.21% | 64.61% | 63.81% | 63.48% | 64.76% |
Based on: 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).
1 2023 Calculation
Segment profit margin = 100 × Segment gross profit ÷ Revenues
= 100 × 5,957,573 ÷ 9,324,190 = 63.89%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Semiconductor Process Control | Semiconductor Process Control segment profit margin ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Segment Profit Margin: Specialty Semiconductor Process
KLA Corp.; Specialty Semiconductor Process; segment profit margin calculation
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Segment gross profit | 281,942) | 242,520) | 206,706) | 183,641) | 78,800) | —) |
| Revenues | 543,398) | 456,579) | 369,216) | 329,700) | 151,164) | —) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | 51.88% | 53.12% | 55.99% | 55.70% | 52.13% | — |
Based on: 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).
1 2023 Calculation
Segment profit margin = 100 × Segment gross profit ÷ Revenues
= 100 × 281,942 ÷ 543,398 = 51.88%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Specialty Semiconductor Process | Specialty Semiconductor Process segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: PCB, Display and Component Inspection
KLA Corp.; PCB, Display and Component Inspection; segment profit margin calculation
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Segment gross profit | 221,251) | 378,964) | 390,571) | 315,723) | 155,765) | 38,428) |
| Revenues | 631,604) | 832,176) | 812,620) | 727,451) | 332,810) | 92,516) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | 35.03% | 45.54% | 48.06% | 43.40% | 46.80% | 41.54% |
Based on: 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).
1 2023 Calculation
Segment profit margin = 100 × Segment gross profit ÷ Revenues
= 100 × 221,251 ÷ 631,604 = 35.03%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | PCB, Display and Component Inspection | PCB, Display and Component Inspection segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Other
KLA Corp.; Other; segment profit margin calculation
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Segment gross profit | —) | —) | (68) | (63) | 1,102) | —) |
| Revenues | —) | —) | 739) | 3,614) | 4,676) | —) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | — | — | -9.20% | -1.74% | 23.57% | — |
Based on: 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).
1 2023 Calculation
Segment profit margin = 100 × Segment gross profit ÷ Revenues
= 100 × 0 ÷ 0 = —
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Other |
Revenues
KLA Corp., revenues by reportable segment
US$ in thousands
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | |
|---|---|---|---|---|---|---|
| Semiconductor Process Control | 9,324,190) | 7,924,822) | 5,734,825) | 4,745,446) | 4,080,822) | 3,944,015) |
| Specialty Semiconductor Process | 543,398) | 456,579) | 369,216) | 329,700) | 151,164) | —) |
| PCB, Display and Component Inspection | 631,604) | 832,176) | 812,620) | 727,451) | 332,810) | 92,516) |
| Other | —) | —) | 739) | 3,614) | 4,676) | —) |
| Total | 10,499,192) | 9,213,577) | 6,917,400) | 5,806,211) | 4,569,472) | 4,036,531) |
Based on: 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).
Segment gross profit
KLA Corp., segment gross profit by reportable segment
US$ in thousands
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | |
|---|---|---|---|---|---|---|
| Semiconductor Process Control | 5,957,573) | 5,167,679) | 3,705,222) | 3,028,167) | 2,590,434) | 2,554,223) |
| Specialty Semiconductor Process | 281,942) | 242,520) | 206,706) | 183,641) | 78,800) | —) |
| PCB, Display and Component Inspection | 221,251) | 378,964) | 390,571) | 315,723) | 155,765) | 38,428) |
| Other | —) | —) | (68) | (63) | 1,102) | —) |
| Total | 6,460,766) | 5,789,163) | 4,302,431) | 3,527,468) | 2,826,101) | 2,592,651) |
Based on: 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).