KLA CORP

KLAC 10-K · FY 2025

KLAC FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue 12,156,162 9,812,247 +23.9%
Show Product Lines breakouts
Other 204,600 333,215 -38.6%
Patterning 2,196,347 2,054,442 +6.9%
PCB and Component Inspection 355,891 291,161 +22.2%
Product 9,472,854 7,482,679 +26.6%
Service 2,683,308 2,329,568 +15.2%
Specialty Semiconductor Process 517,201 470,565 +9.9%
Wafer Inspection [Member] 6,198,815 4,333,296 +43.1%
Show Business Segments breakouts
PCB and Component Inspection · Operating Segments 621,721 552,491 +12.5%
Semiconductor Process Control · Operating Segments 10,947,359 8,733,556 +25.3%
Specialty Semiconductor Process · Operating Segments 587,107 528,701 +11.0%
Show Geography breakouts
CN 4,042,567 4,196,727 -3.7%
Europe and Israel 574,197 540,263 +6.3%
JP 1,133,002 963,203 +17.6%
KR 1,452,826 906,924 +60.2%
North America 1,362,311 1,070,791 +27.2%
Rest of Asia 385,867 396,274 -2.6%
TW 3,205,392 1,738,065 +84.4%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income 7,466 18,374 -59.4%
Show Consolidation Items breakouts
Corporate And Reconciling Items [Member] -25 -2,501 +99.0%
Operating Segments 12,156,187 9,814,748 +23.9%
Cost of Revenue 4,751,867 3,928,073 +21.0%
Show Business Segments breakouts
PCB and Component Inspection · Operating Segments 358,847 393,531 -8.8%
Semiconductor Process Control · Operating Segments 3,922,735 3,104,254 +26.4%
Specialty Semiconductor Process · Operating Segments 283,160 245,791 +15.2%
Research & Development 1,360,334 1,278,981 +6.4%
Show Business Segments breakouts
PCB and Component Inspection · Operating Segments 133,487 147,867 -9.7%
Semiconductor Process Control · Operating Segments 1,165,858 1,077,366 +8.2%
Specialty Semiconductor Process · Operating Segments 47,054 40,043 +17.5%
Selling, General & Administrative 1,029,734 969,509 +6.2%
Show Business Segments breakouts
PCB and Component Inspection · Operating Segments 102,662 116,074 -11.6%
Semiconductor Process Control · Operating Segments 814,074 728,349 +11.8%
Specialty Semiconductor Process · Operating Segments 48,980 43,959 +11.4%
Asset Impairment Charges 239,100 289,474 -17.4%
Interest Expense 302,166 311,253 -2.9%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income -3,285 -3,764 +12.7%
Other Non-Operating Income (Expense) -171,487 -155,075 -10.6%
Show Equity Components breakouts
Accumulated Net Investment Gain Loss Including Portion Attributable To Noncontrolling Interest · Reclassification Out Of Accumulated Other Comprehensive Income -59 103 -157.3%
Income Before Taxes 4,644,448 3,190,032 +45.6%
Income Tax Expense (Benefit) 582,805 428,136 +36.1%
Net Income 4,061,643 2,761,896 +47.1%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income 15,429 25,904 -40.4%
Net Income 4,061,643 2,761,896 +47.1%
Show Equity Components breakouts
Parent 4,061,643 2,761,896 +47.1%
Retained Earnings 4,061,643 2,761,896 +47.1%
EPS (Basic) 30.53 20.41 +49.6%
EPS (Diluted) 30.37 20.28 +49.8%
Wtd Avg Shares (Basic) 133,030 135,345 -1.7%
Wtd Avg Shares (Diluted) 133,750 136,187 -1.8%
Gross Profit (FY)
Show Business Segments breakouts
PCB and Component Inspection · Operating Segments -281,157 -470,273 +40.2%
Semiconductor Process Control · Operating Segments 5,002,746 3,767,573 +32.8%
Specialty Semiconductor Process · Operating Segments 98,952 90,839 +8.9%
Show Consolidation Items breakouts
Operating Segments 4,820,541 3,388,139 +42.3%
Interest Income -180,276 -160,688 -12.2%
Comprehensive Income 4,111,919 2,749,162 +49.6%
Foreign Currency Transaction Gain Loss Before Tax 2,964 -7,268 +140.8%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 2,078,908 1,977,129 +5.1%
Debt Securities Available For Sale And Equity Securities Fair Value 2,415,715 2,526,866 -4.4%
Accounts Receivable 2,263,915 1,833,041 +23.5%
Inventory 3,212,149 3,034,781 +5.8%
Other Assets Current 728,102 659,327 +10.4%
Total Current Assets 10,698,789 10,031,144 +6.7%
Non-Current Assets
Property, Plant & Equipment 1,252,775 1,109,968 +12.9%
Goodwill 1,792,193 2,015,726 -11.1%
Show Business Segments breakouts
PCB and Component Inspection 350,450 580,850 -39.7%
Semiconductor Process Control 759,885 753,018 +0.9%
Specialty Semiconductor Process 681,858 681,858 0.0%
Deferred Tax Assets 1,105,770 915,241 +20.8%
Other Non-Current Assets 773,614 692,723 +11.7%
Total Assets 16,067,926 15,433,566 +4.1%
Operating Lease Right-of-Use Assets 269,714 231,812 +16.4%
Intangible Assets 418,538 639,523 -34.6%
Show Finite Lived Intangible Assets By Major Class breakouts
Customer Relationships 74,281 110,461 -32.8%
Existing technology 333,168 506,489 -34.2%
Other Intangible Assets 4,890 596 +720.5%
Trade name/trademark 6,199 21,977 -71.8%
Other Assets
Intangible Assets Net Excluding Goodwill 444,785 668,764 -33.5%
Current Liabilities
Accounts Payable 458,509 359,487 +27.5%
Contract With Customer Liability Current System Revenue 816,834 985,856 -17.1%
Contract With Customer Liability Current Service Revenue 548,011 501,926 +9.2%
Other Liabilities Current 2,262,441 2,063,569 +9.6%
Total Current Liabilities 4,085,795 4,660,774 -12.3%
Non-Current Liabilities
Long-Term Debt 5,884,257 5,880,199 +0.1%
Deferred Tax Liabilities 446,945 486,690 -8.2%
Contract With Customer Liability Noncurrent 348,844 294,460 +18.5%
Other Non-Current Liabilities 609,632 743,115 -18.0%
Total Liabilities 11,375,473 12,065,238 -5.7%
Operating Lease Liabilities 158,833 153,117 +3.7%
Accrued Income Taxes Noncurrent 221,808 291,106 -23.8%
Stockholders' Equity
Common Stock 132 134 -1.5%
Additional Paid In Capital Common Stock 2,511,790 2,279,999 +10.2%
Retained Earnings 2,179,330 1,137,270 +91.6%
Accumulated Other Comprehensive Income 1,201 -49,075 +102.4%
Total Stockholders' Equity 4,692,453 3,368,328 +39.3%
Show Equity Components breakouts
Aoci Derivative Qualifying As Hedge Excluded Component Parent 66,570 68,903 -3.4%
Total Liabilities & Equity 16,067,926 15,433,566 +4.1%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Goodwill And Intangible Asset Impairment 239,100 289,474 -17.4%
Depreciation & Amortization 394,088 401,730 -1.9%
Foreign Currency Transaction Gain Loss Unrealized 14,974 -12,533 +219.5%
Stock-Based Compensation 265,011 212,695 +24.6%
Gain Loss On Sale Of Property Plant Equipment -161
Deferred Income Taxes And Tax Credits -246,577 -155,228 -58.8%
Increase Decrease In Accounts Receivable Excluding Acquisition Related -367,897 -80,894 -354.8%
Change in Inventory -155,170 -164,092 +5.4%
Increase Decrease In Other Operating Assets -10,459 -289,509 +96.4%
Change in Accounts Payable 33,789 24,976 +35.3%
Increase Decrease In Contract With Customer Liability System Revenue -169,027 334,136 -150.6%
Increase Decrease In Contract With Customer Liability Service Revenue 100,460 203,106 -50.5%
Increase Decrease In Other Operating Liabilities -77,871 -228,904 +66.0%
Net Cash from Operations 4,081,903 3,308,575 +23.4%
Deferred Income Taxes -244,806 -138,878 -76.3%
Change in Accounts Receivable 430,874 79,680 +440.8%
Change in Deferred Revenue -68,553 537,235 -112.8%
Investing Activities
Proceeds From Sale Of Productive Assets 161 5,079 -96.8%
Payments To Acquire Intangible Assets -4,950
Capital Expenditures -335,259 -277,384 -20.9%
Proceeds From Capital Related Government Assistance 6,263
Purchases of Investments -2,772,578 -2,756,987 -0.6%
Proceeds From Sale Of Available For Sale Securities Debt 459,620 107,773 +326.5%
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities 2,455,815 1,459,864 +68.2%
Payments To Acquire Trading Securities Heldforinvestment -118,288 -134,098 +11.8%
Proceeds From Sale Of Trading Securities 105,751 121,020 -12.6%
Proceeds From Sale And Maturity Of Other Investments 984 1,430 -31.2%
Net Cash from Investing -202,481 -1,476,985 +86.3%
Noncash Transaction Increase Decrease In Dividends Payable 8,660 8,043 +7.7%
Stock Repurchase Program Unsettled Common Stock Repurchase 5,500 5,500 0.0%
Noncash Or Part Noncash Acquisition Fixed Assets Acquired1 25,740 13,849 +85.9%
Financing Activities
Repayments Of Long Term Debt -750,000
Share Repurchases -2,149,946 -1,735,746 -23.9%
Payments Of Dividends Common Stock -904,594 -773,041 -17.0%
Proceeds From Issuance Of Common Stock 151,514 144,934 +4.5%
Tax Withholding for Share Compensation -132,661 -143,024 +7.2%
Net Cash from Financing -3,785,687 -1,776,017 -113.2%
Supplemental
Income Taxes Paid 886,937 830,835 +6.8%
Interest Paid 292,771 276,597 +5.8%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 8,044 -6,309 +227.5%
Net Change in Cash 101,779 49,264 +106.6%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 2,078,908 1,977,129 +5.1%

Values in thousands USD. Source: SEC EDGAR 10-K filing.

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