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KLA

KLAC Nasdaq Semiconductor Materials & Equipment Financials FY2017–FY2026

KLA's revenue rose 11.7% to $13.6 billion in fiscal 2026. Its net margin was 35.6%, up from 33.4% a year earlier. Free cash flow was $3.8 billion, up 0.6%. It paid out $3.3 billion in dividends and buybacks, 89% of free cash flow. The diluted share count fell 1.3%.

Last close · Oct 23, 2026

$145.61

1.5%
Value it Compare
Revenue Total sales reported in the income statement.
$13.6B
11.7% vs prior year
Operating margin Operating income as a share of revenue.
—
Net income Profit after all expenses, interest and tax.
$4.8B
18.9%
Free cash flow Cash from operations minus capital spending.
$3.8B
0.5%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
75.3%
4.3 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$192.1B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
39.8x

About these figures. KLA's income statement has no operating income line, so operating income and operating margin are blank. Short-term investments are KLA's marketable securities, which its filings tag as available-for-sale securities without a current or non-current split. Share counts and per-share figures for earlier years are restated for a stock split (10-for-1), so every year is on today's share basis.

What KLA does

No business description yet.

Legal name
KLA Corporation
Fiscal year ends
June 30, 2026
Latest annual report
—
Accession · CIK
0000319201-26-000027
0000319201

Revenue and margins

KLA had $13.6B of revenue in fiscal 2026, up 11.7% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2017 to 2026, diluted EPS grew 22.5% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $3.8B in fiscal 2026, 27.7% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

KLA returned $3.3B to shareholders in fiscal 2026, 89% of free cash flow. The diluted share count fell 1.3%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value KLA yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$1.0B and divides by 1,319.6M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 39.8x · peers 32.9x · sector 33.0x.

Balance sheet

Cash, debt and the ratios that show how comfortably KLA can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY22FY23FY24FY25FY26
Cash and short-term investments $2.7B—$4.5B$4.5B$4.9B
Debt incl. finance leases $6.7B$5.9B$5.9B$5.9B$5.9B
Net debt / EBITDA 1.0x—0.4x0.3x0.2x
Debt / equity 4.8x2.0x1.8x1.3x0.9x
Interest coverage 22.8x13.8x11.3x16.4x20.7x
Current ratio 2.5x2.2x2.2x2.6x2.9x
Quick ratio 1.8x1.5x1.5x1.8x2.0x
Total assets $12.6B$14.1B$15.4B$16.1B$18.0B
Total liabilities $11.2B$11.2B$12.1B$11.4B$11.6B
Shareholders' equity $1.4B$2.9B$3.4B$4.7B$6.3B
Net debt (− = net cash) $4.0B—$1.4B$1.4B$1.0B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$65.1M

6 insiders

Of sales under plans

100%

$65.1M

DateInsiderTradeSharesPriceValueFiling
Sep 15, 2026 Richard P WallacePresident and CEO Sold plan 72,019 $171.88 $12.4M Form 4
Aug 13, 2026 Brian LorigEVP, KLA Global Services Sold plan 59,586 $208.13 $12.4M Form 4
Aug 12, 2026 Bren D. HigginsEVP & Chief Financial Officer Sold plan 31,500 $209.87 $6.6M Form 4
Aug 11, 2026 Ahmad A. KhanPresident, Semi. Prod. & Cust. Sold plan 33,180 $198.95 $6.6M Form 4
Aug 11, 2026 Richard P WallacePresident and CEO Sold plan 87,568 $198.95 $17.4M Form 4
Aug 10, 2026 Mary Beth WilkinsonEVP, CLO and Secretary Sold plan 1,661 $204.56 $0.3M Form 4
Aug 10, 2026 Virendra A KirloskarSVP & Chief Accounting Officer Sold plan 529 $204.56 $0.1M Form 4
Aug 7, 2026 Mary Beth WilkinsonEVP, CLO and Secretary Sold plan 21,831 $197.57 $4.3M Form 4
Aug 7, 2026 Virendra A KirloskarSVP & Chief Accounting Officer Sold plan 2,405 $197.57 $0.5M Form 4
Aug 5, 2026 Mary Beth WilkinsonEVP, CLO and Secretary Sold plan 13,802 $195.50 $2.7M Form 4
Aug 5, 2026 Virendra A KirloskarSVP & Chief Accounting Officer Sold plan 4,504 $195.50 $0.9M Form 4
Aug 4, 2026 Mary Beth WilkinsonEVP, CLO and Secretary Sold plan 4,295 $191.59 $0.8M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY24FY25FY26
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✕ ✓ ✓
Cash from operations exceeds net income ✓ ✓ ✕
Debt fell relative to assets ✓ ✓ ✓
Current ratio rose ✕ ✓ ✓
Share count didn't rise ✓ ✓ ✓
Gross margin rose ✓ ✓ ✓
Revenue rose relative to assets ✕ ✓ ✓
F-score 6 / 99 / 98 / 9
Accruals ratio −3.7%−0.1%4.0%
Altman Z'' 4.345.646.40

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
KLA KLAC $192.1B 11.7% — 27.7% 75.3% 39.8x 8
Lam Research LRCX $289.0B 26.0% 35.3% 21.1% 77.7% 34.3x 8 Compare →
Applied Materials AMAT $301.8B 4.4% 29.2% 20.1% 35.9% 32.6x 7 Compare →
Qnity Electronics Q $23.1B 9.7% — 20.8% 7.3% 33.3x — Compare →
MKS Instruments MKSI $14.3B 9.6% 13.4% 12.6% 7.9% 31.3x 6 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
Income statement
Revenue $3.5B $4.0B $4.6B $5.8B $6.9B $9.2B $10.5B $9.8B $12.2B $13.6B
Gross profit $2.2B $2.6B $2.7B $3.4B $4.1B $5.6B $6.3B $5.9B $7.4B $8.3B
Research and development $527M $609M $711M $864M $929M $1.1B $1.3B $1.3B $1.4B $1.5B
Interest expense $123M $114M $125M $160M $157M $160M $297M $311M $302M $284M
Pretax income $1.2B $1.5B $1.3B $1.3B $2.4B $3.5B $3.8B $3.2B $4.6B $5.6B
Income tax $247M $654M $121M $102M $283M $167M $402M $428M $583M $775M
Net income $926M $802M $1.2B $1.2B $2.1B $3.3B $3.4B $2.8B $4.1B $4.8B
Diluted EPS $0.59 $0.51 $0.75 $0.77 $1.34 $2.19 $2.42 $2.03 $3.04 $3.66
Diluted shares 1.57B 1.57B 1.57B 1.58B 1.55B 1.52B 1.40B 1.36B 1.34B 1.32B
Cash flow
Cash from operations $1.1B $1.2B $1.2B $1.8B $2.2B $3.3B $3.7B $3.3B $4.1B $4.1B
Capital expenditure $38.6M $66.9M $131M $153M $232M $307M $342M $277M $335M $376M
Free cash flow $1.0B $1.2B $1.0B $1.6B $2.0B $3.0B $3.3B $3.0B $3.7B $3.8B
Depreciation and amortization $57.8M $62.7M $233M $348M $333M $363M $415M $402M $394M $394M
Stock-based compensation $50.9M $62.8M $94.2M $111M $112M $127M $171M $213M $265M $310M
Acquisitions $28.6M $17.4M $1.8B $90.1M $0.0M $479M $27.1M $3.7M $0.0M $0.0M
Share buybacks $25.0M $203M $1.1B $829M $939M $4.0B $1.3B $1.7B $2.1B $2.3B
Dividends paid $344M $402M $472M $522M $559M $639M $733M $773M $905M $1.1B
Dividends and buybacks $369M $605M $1.6B $1.4B $1.5B $4.6B $2.0B $2.5B $3.1B $3.3B
Balance sheet
Cash and short-term investments $3.0B $2.9B $1.7B $2.0B $2.5B $2.7B — $4.5B $4.5B $4.9B
Total debt $2.9B $2.2B $3.4B $3.5B $3.4B $6.7B $5.9B $5.9B $5.9B $5.9B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $4.4B $4.5B $4.3B $4.7B $5.7B $7.2B $8.4B $10.0B $10.7B $12.4B
Current liabilities $1.3B $1.2B $1.8B $1.7B $2.1B $2.9B $3.7B $4.7B $4.1B $4.3B
Inventory $733M $932M $1.3B $1.3B $1.6B $2.1B $2.9B $3.0B $3.2B $3.6B
Property and equipment, net $284M $286M $449M $520M $663M $850M $1.0B $1.1B $1.3B $1.4B
Total assets $5.5B $5.6B $9.0B $9.3B $10.3B $12.6B $14.1B $15.4B $16.1B $18.0B
Total liabilities $4.2B $4.0B $6.3B $6.6B $6.9B $11.2B $11.2B $12.1B $11.4B $11.6B
Shareholders' equity $1.3B $1.6B $2.7B $2.7B $3.4B $1.4B $2.9B $3.4B $4.7B $6.3B
Margins
Gross margin 63.0% 64.2% 59.1% 57.8% 59.9% 61.0% 59.8% 60.0% 60.9% 61.3%
EBITDA margin 38.9% 40.5% 36.2% 31.4% 41.2% 43.6% 42.9% 39.8% 43.9% 46.3%
Net margin 26.6% 19.9% 25.7% 21.0% 30.0% 36.1% 32.3% 28.2% 33.4% 35.6%
FCF margin 29.9% 28.8% 22.4% 28.0% 28.2% 32.6% 31.7% 30.9% 30.8% 27.7%
Returns
Return on capital 82.0% 78.0% 48.2% 32.0% 52.2% 71.8% — — 79.6% 75.3%
Return on capital employed 31.6% 36.3% 24.4% 19.9% 32.0% 40.8% 40.8% 33.2% 43.5% 46.0%
Return on equity 91.9% 54.5% 54.9% 45.7% 68.8% 139.0% 156.8% 87.9% 100.8% 87.5%
Return on assets 17.7% 14.4% 16.1% 13.3% 21.3% 29.1% 25.4% 18.7% 25.8% 28.4%
Growth
Revenue growth 16.6% 16.0% 13.2% 27.1% 19.2% 33.1% 13.9% −6.5% 23.9% 11.7%
Net income growth 31.5% −13.4% 46.5% 3.5% 70.8% 59.8% 2.0% −18.5% 47.1% 18.9%
EPS growth 31.0% −13.3% 46.9% 2.8% 73.6% 64.0% 10.2% −15.9% 49.8% 20.4%
FCF growth 43.0% 11.6% −12.1% 59.1% 20.1% 53.9% 10.7% −8.9% 23.6% 0.6%
Share count change 0.5% −0.1% −0.3% 0.7% −1.6% −2.5% −7.5% −2.9% −1.8% −1.3%
Financial health
Net debt / EBITDA −0.1x −0.4x 1.0x 0.8x 0.3x 1.0x — 0.4x 0.3x 0.2x
Debt / equity 2.2x 1.4x 1.3x 1.3x 1.0x 4.8x 2.0x 1.8x 1.3x 0.9x
Interest coverage 10.6x 13.7x 11.4x 9.2x 16.0x 22.8x 13.8x 11.3x 16.4x 20.7x
Current ratio 3.4x 3.8x 2.4x 2.8x 2.7x 2.5x 2.2x 2.2x 2.6x 2.9x
Quick ratio 2.8x 3.0x 1.7x 2.0x 2.0x 1.8x 1.5x 1.5x 1.8x 2.0x
Capital allocation
Capex / revenue 1.1% 1.7% 2.9% 2.6% 3.4% 3.3% 3.3% 2.8% 2.8% 2.8%
Stock comp / revenue 1.5% 1.6% 2.1% 1.9% 1.6% 1.4% 1.6% 2.2% 2.2% 2.3%
Payouts / FCF 35.4% 52.1% 153.4% 83.1% 76.7% 153.3% 61.4% 82.8% 81.5% 88.9%
Quality scores
Piotroski F-score 7.0 8.0 5.0 5.0 8.0 6.0 5.0 6.0 9.0 8.0
Altman Z'' 6.1 6.8 3.6 3.9 4.9 4.4 4.6 4.3 5.6 6.4
Accruals ratio −2.9% −7.6% 0.3% −6.2% −1.1% 0.1% −2.1% −3.7% −0.1% 4.0%

Source: SEC EDGAR XBRL filings (CIK 0000319201). Data updated October 10, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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