KLA CORP

KLAC 10-Q · Q2 2026

KLAC Q2 2026 request

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Income Statement

Income Statement
Metric Q2 2026 Q2 2025 YoY
Revenue 3,297,146 3,076,851 +7.2%
Show Product Lines breakouts
Other 40,214 79,858 -49.6%
Patterning 696,161 530,680 +31.2%
PCB And Component Inspection 80,348 93,327 -13.9%
Product 2,511,093 2,409,462 +4.2%
Service 786,053 667,389 +17.8%
Specialty Semiconductor Process 121,588 142,987 -15.0%
Wafer Inspection 1,572,782 1,562,610 +0.7%
Show Business Segments breakouts
PCB And Component Inspection · Operating Segments 152,175 161,080 -5.5%
Semiconductor Process Control · Operating Segments 3,004,648 2,755,743 +9.0%
Specialty Semiconductor Process · Operating Segments 140,577 160,407 -12.4%
Show Geography breakouts
CN 994,891 1,092,525 -8.9%
Europe and Israel 161,170 134,266 +20.0%
JP 229,050 228,614 +0.2%
KR 479,314 357,434 +34.1%
North America 394,231 286,191 +37.8%
Rest of Asia 193,503 96,610 +100.3%
TW 844,987 881,211 -4.1%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income 2,193 1,011 +116.9%
Show Consolidation Items breakouts
Corporate Non Segment -254 -379 +33.0%
Operating Segments 3,297,400 3,077,230 +7.2%
Cost of Revenue 1,271,210 1,221,461 +4.1%
Show Business Segments breakouts
PCB And Component Inspection · Operating Segments 80,432 105,554 -23.8%
Semiconductor Process Control · Operating Segments 1,085,042 992,666 +9.3%
Specialty Semiconductor Process · Operating Segments 73,688 79,285 -7.1%
Research & Development 383,871 346,157 +10.9%
Show Business Segments breakouts
PCB And Component Inspection · Operating Segments 37,001 35,319 +4.8%
Semiconductor Process Control · Operating Segments 333,828 299,315 +11.5%
Specialty Semiconductor Process · Operating Segments 16,911 11,018 +53.5%
Selling, General & Administrative 279,919 267,081 +4.8%
Show Business Segments breakouts
PCB And Component Inspection · Operating Segments 25,266 26,397 -4.3%
Semiconductor Process Control · Operating Segments 237,621 215,406 +10.3%
Specialty Semiconductor Process · Operating Segments 11,951 13,762 -13.2%
Interest Expense 69,668 74,981 -7.1%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income -759 -821 +7.6%
Other Non-Operating Income (Expense) -37,825 -44,458 +14.9%
Show Equity Components breakouts
Accumulated Net Investment Gain Loss Including Portion Attributable To Noncontrolling Interest · Reclassification Out Of Accumulated Other Comprehensive Income -215 -1 -21400.0%
Income Before Taxes 1,330,303 972,529 +36.8%
Income Tax Expense (Benefit) 184,621 148,002 +24.7%
Net Income 1,145,682 824,527 +39.0%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income 12,168 2,260 +438.4%
Retained Earnings 1,145,682 824,527 +39.0%
EPS (Basic) 8.73 6.18 +41.3%
EPS (Diluted) 8.68 6.16 +40.9%
Wtd Avg Shares (Basic) 131,278 133,327 -1.5%
Wtd Avg Shares (Diluted) 132,009 133,926 -1.4%
Gross Profit (Q)
Show Business Segments breakouts
PCB And Component Inspection · Operating Segments -2,502 -266,119 +99.1%
Semiconductor Process Control · Operating Segments 1,338,413 1,237,810 +8.1%
Specialty Semiconductor Process · Operating Segments 10,746 29,059 -63.0%
Show Consolidation Items breakouts
Operating Segments 1,346,657 1,000,750 +34.6%
Comprehensive Income 1,145,971 803,645 +42.6%

Balance Sheet

Balance Sheet
Metric Q2 2026 Q2 2025 YoY
Current Assets
Cash & Cash Equivalents 2,452,124 1,838,278 +33.4%
Debt Securities Available For Sale And Equity Securities Fair Value 2,755,340 1,942,127 +41.9%
Accounts Receivable 2,073,581 2,334,977 -11.2%
Inventory 3,282,605 3,046,340 +7.8%
Other Assets Current 700,155 610,882 +14.6%
Total Current Assets 11,263,805 9,772,604 +15.3%
Non-Current Assets
Property, Plant & Equipment 1,344,768 1,173,928 +14.6%
Goodwill 1,790,597 1,785,297 +0.3%
Show Business Segments breakouts
PCB And Component Inspection 349,358 350,450 -0.3%
Semiconductor Process Control 759,967 752,989 +0.9%
Specialty Semiconductor Process 681,272 681,858 -0.1%
Deferred Tax Assets 1,144,113 1,002,169 +14.2%
Other Non-Current Assets 828,927 719,053 +15.3%
Total Assets 16,720,228 15,001,696 +11.5%
Operating Lease Right-of-Use Assets 294,427 249,036 +18.2%
Intangible Assets 322,971 522,398 -38.2%
Show Finite Lived Intangible Assets By Major Class breakouts
Customer Relationships 56,950 91,541 -37.8%
Existing technology 258,264 413,931 -37.6%
Other Intangible Assets 6,360 4,547 +39.9%
Trade name / Trademark 1,397 12,379 -88.7%
Other Assets
Intangible Assets Net Excluding Goodwill 348,018 548,645 -36.6%
Current Liabilities
Accounts Payable 425,189 432,891 -1.8%
Contract With Customer Liability Current System Revenue 858,088 1,072,565 -20.0%
Contract With Customer Liability Current Service Revenue 599,254 521,424 +14.9%
Other Liabilities Current 2,099,941 2,111,378 -0.5%
Total Current Liabilities 3,982,472 4,138,258 -3.8%
Deferred Revenue (Current) 1,457,342
Non-Current Liabilities
Long-Term Debt 5,886,128 5,882,387 +0.1%
Deferred Tax Liabilities 452,678 423,626 +6.9%
Contract With Customer Liability Noncurrent 270,549
Show Contract With Customer Duration breakouts
12 to 24 months 183,822
24 months or greater 86,727
Other Non-Current Liabilities 662,670 639,118 +3.7%
Total Liabilities 11,254,497 11,417,147 -1.4%
Operating Lease Liabilities 172,363 149,648 +15.2%
Accrued Income Taxes Noncurrent 252,145 224,208 +12.5%
Stockholders' Equity
Common Stocks Including Additional Paid In Capital 2,604,177 2,346,346 +11.0%
Retained Earnings 2,860,594 1,284,589 +122.7%
Accumulated Other Comprehensive Income 960 -46,386 +102.1%
Total Stockholders' Equity 5,465,731 3,584,549 +52.5%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -11,834
Accumulated Gain Loss Net Cash Flow Hedge Parent 58,441
Accumulated Net Unrealized Investment Gain Loss 8,331
Accumulated Other Comprehensive Income 960 -46,386 +102.1%
Accumulated Translation Adjustment -53,978
Aoci Derivative Qualifying As Hedge Excluded Component Parent 83,541 69,835 +19.6%
Common Stock Including Additional Paid In Capital 2,604,177 2,346,346 +11.0%
Retained Earnings 2,860,594 1,284,589 +122.7%
Total Liabilities & Equity 16,720,228 15,001,696 +11.5%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2026 YTD Q2 2025 YoY
Operating Activities
Depreciation & Amortization 196,284 199,745 -1.7%
Foreign Currency Transaction Gain Loss Unrealized 14,382 19,064 -24.6%
Stock-Based Compensation 144,129 123,541 +16.7%
Deferred Income Taxes -42,343 -150,658 +71.9%
Increase Decrease In Accounts Receivable Excluding Acquisition Related 178,583 -486,264 +136.7%
Change in Inventory -94,524 5,632 -1778.3%
Increase Decrease In Other Operating Assets -14,346 61,796 -123.2%
Change in Accounts Payable -28,707 54,617 -152.6%
Increase Decrease In Contract With Customer Liability System Revenue 41,259 86,709 -52.4%
Increase Decrease In Contract With Customer Liability Service Revenue -27,052 58,790 -146.0%
Increase Decrease In Other Operating Liabilities -105,189 -137,536 +23.5%
Net Cash from Operations 2,529,198 1,844,753 +37.1%
Change in Accounts Receivable -190,334 501,936 -137.9%
Change in Deferred Revenue 14,202 145,505 -90.2%
Investing Activities
Capital Expenditures -201,470 -152,716 -31.9%
Proceeds From Capital Related Government Assistance 16,782
Purchases of Investments -1,811,484 -1,326,968 -36.5%
Proceeds From Sale And Maturity Of Available For Sale Securities 1,473,704 1,921,004 -23.3%
Payments To Acquire Trading Securities Heldforinvestment -180,808 -34,857 -418.7%
Proceeds From Sale Of Trading Securities 180,606 36,043 +401.1%
Net Cash from Investing -522,670 442,667 -218.1%
Financing Activities
Debt Issuance Costs -1,602
Share Repurchases -1,092,817 -1,217,504 +10.2%
Payments Of Dividends Common Stock -503,662 -424,855 -18.5%
Proceeds From Issuance Of Common Stock 55,542 47,538 +16.8%
Tax Withholding for Share Compensation -86,839 -75,854 -14.5%
Net Cash from Financing -1,629,378 -2,420,675 +32.7%
Supplemental
Income Taxes Paid 402,950 458,228 -12.1%
Interest Paid 139,194 156,185 -10.9%
Dividends Payable Current 4,437 4,113 +7.9%
Stock Repurchase Program Unsettled Common Stock Repurchase 5,500 5,500 0.0%
Noncash Or Part Noncash Acquisition Fixed Assets Acquired1 26,040 11,354 +129.3%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents -3,934 -5,596 +29.7%
Net Change in Cash 373,216 -138,851 +368.8%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 2,452,124 1,838,278 +33.4%

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

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