KLA Corporation (KLAC) financials
NASDAQ · Technology · Semiconductors · 17,100 employees · CEO Richard Wallace
- Price
- $157.91 -5.69%
- Market cap
- $206B
- Enterprise value
- $211B
- Last report
- Q1 '27 filed 2026-10-29
- Next report
- 2027-02-04 EPS est. $1.42
Revenue (TTM)$14.5B+15.8% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)42.6%+0.9 pp vs a year agoOperating income $6.19B
Net income (TTM)$5.26B+24.1% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$4.04B+4.2% vs a year agoCapex $475M
Diluted EPS (TTM)$4.00+25.6% vs a year agoSum of the last 4 quarters
Net cash-$1.25B+10.9% vs a year agoCash + short-term investments - debt
Valuation & key figures
- Market cap
- $206B EV $211B
- Revenue
- $14.5B Trailing 12 months
- Revenue growth
- +39% FY2027 consensus
- Profit margin
- 36.2% Net income / revenue, TTM
- P/E
- 39.3× Forward 27.4× (FY2027)
- P/S
- 14.2× Price / sales, TTM
- EV / EBITDA
- 32.1× TTM
- Free cash flow
- $4.04B Trailing 12 months
- Net income
- $5.26B Trailing 12 months
- Revenue estimate
- $18.9B FY2027 consensus
- Earnings
- 2027-02-04 Revenue est. $4.72B
- Dividend
- $0.84 Per share, last 12 months
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Last report (2026-10-28): revenue beat by 2.3%, EPS beat by 2.5%Revenue $4.14B vs $4.04B expected (+2.3%); EPS $1.22 vs $1.19 (+2.5%).
- Revenue growth accelerating: 28.9% year on yearQ1 '27 revenue $4.14B, against an average of 11.7% over the four quarters before.
- Operating margin 42.6% (TTM), +0.9 pp on a year agoOperating income grew 18.2% while revenue grew 15.8%.
- Capex 3.3% of revenue (a year ago 3.0%)$475M invested in the last 4 quarters (+27.1% on a year earlier). Free cash flow $4.04B = 76.8% of net income.
- Returned $3.79B to shareholders = 93.9% of free cash flowBuybacks $2.68B (a year earlier $2.13B), dividends $1.11B, stock-based pay $324M (TTM).
- Diluted share count down 1.0% in a year1.31B diluted shares in Q1 '27, 1.32B a year earlier.
- Net debt $1.25BCash + short-term investments $4.74B, debt incl. leases $5.99B; a year ago net debt $1.4B.
Last quarter: Q1 '27
Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q1 '27 | Year ago | Change | |
|---|---|---|---|
| Revenue | $4.14B | $3.21B | +28.9% |
| Gross margin | 61.9% | 61.3% | +0.6 pp |
| Operating income | $1.86B | $1.34B | +39.2% |
| Operating margin | 45.0% | 41.7% | +3.4 pp |
| Net income | $1.55B | $1.12B | +38.1% |
| Diluted EPS | $1.18 | $0.85 | +39.3% |
| Operating cash flow | $1.53B | $1.16B | +31.8% |
| Capex | $195M | $95.9M | +103.1% |
| Free cash flow | $1.34B | $1.07B | +25.4% |
| R&D | $395M | $360M | +9.6% |
| Stock-based compensation | $84.1M | $70.2M | +19.8% |
Reported vs consensus
2026-10-28| Actual | Consensus | vs consensus | |
|---|---|---|---|
| Revenue | $4.14B | $4.04B | +2.3% |
| EPS (as estimated) | $1.22 | $1.19 | +2.5% |
From the report of 2026-10-28 for Q1 '27: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.
EPS vs consensus
last 8 reportsRevenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by business line
stacked, quarterly| Segment | Q1 '27 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Defect Inspection | $2.11B | +37.3% | 51.0% | – | – | |
| Service | $851M | +14.2% | 20.6% | – | – | |
| Patterning | $862M | +29.2% | 20.9% | – | – | |
| Specialty Semiconductor Process | $114M | +13.3% | 2.7% | – | – | |
| PCB And Component Inspection | $168M | +42.8% | 4.1% | – | – | |
| Other Revenue | $30.7M | -28.3% | 0.7% | – | – |
Revenue by region
share of total| Segment | Q1 '27 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Taiwan, Province Of China | $1.02B | +28.9% | 24.7% | – | – | |
| CHINA | $1.43B | +12.5% | 34.5% | – | – | |
| North America | $618M | +107.5% | 14.9% | – | – | |
| Korea, Republic Of | $497M | +66.1% | 12.0% | – | – | |
| Europe and Israel | $194M | +28.7% | 4.7% | – | – | |
| JAPAN | $160M | -45.9% | 3.9% | – | – | |
| Rest of Asia | $218M | +106.9% | 5.3% | – | – |
Margins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Operating cash flow
- $4.51B
- Capex
- -$475M
- Buybacks
- -$2.68B
- Dividends
- -$1.11B
- Acquisitions
- $0
- Net debt issued
- $0
- Stock-based compensation
- $324M
- Free cash flow
- $4.04B
- Returned to shareholders / FCF
- 93.9%
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | 39.3× | 37.3× | 14.5× – 82.0× |
| EV / EBITDA | 32.1× | 29.7× | 13.3× – 66.1× |
| EV / Sales | 14.5× | 12.8× | 5.8× – 29.5× |
| Price / FCF | 51.0× | 42.0× | 16.0× – 105.0× |
| Price / Book | 31.6× | 35.7× | 23.2× – 62.3× |
| FCF yield | 2.0% | 3.6% | 1.0% – 6.3% |
| Return on invested capital | 38.2% | 33.9% | 27.2% – 36.5% |
| Return on equity | 87.0% | 119.5% | 76.1% – 237.0% |
Analysts
Consensus target $219.11 (+38.8%)
range $133.00 – $425.00 · rating Buy
Strong buy0
Buy28
Hold14
Sell2
Strong sell0
Outlook
Analyst consensus for the coming fiscal years and what it implies at today's price.
Consensus estimates
| Fiscal year | Revenue | Growth | EPS | Growth | P/E at today's price | Analysts (EPS) |
|---|---|---|---|---|---|---|
| FY2027 | $18.9B | +38.9% | $5.77 | +57.6% | 27.4× | 16 |
| FY2028 | $22.7B | +20.1% | $7.10 | +23.1% | 22.2× | 14 |
| FY2029 | $26.2B | +15.5% | $8.47 | +19.3% | 18.6× | 7 |
| FY2030 | $27.1B | +3.7% | $8.54 | +0.8% | 18.5× | 5 |
| FY2031 | $30B | +10.6% | $9.81 | +14.9% | 16.1× | 3 |
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 314 figures KLA Corporation tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| – | – | – | $18M | – | – | |
| – | – | – | 0.3% | – | – | |
| – | – | – | $222M | – | – | |
| – | – | – | $509M | – | – | |
| – | – | – | $12.4M | – | – | |
| Accelerated Share Repurchases, Settlement (Payment) or Receipt | – | – | – | $3B2022-06-23 | – | – |
| Accounts Payable, Current | $741M | $430M | +72.3% | $624M | $459M | +36.0% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $3.07B | $2.28B | +34.9% | $2.89B | $2.26B | +27.6% |
| Accounts Receivable, after Allowance for Credit Loss, Noncurrent | $267M | – | – | $181M | $0 | – |
| Accounts Receivable, Allowance for Credit Loss, Current | $31.5M | $34.4M | -8.2% | $31M | $34M | -8.8% |
| Accounts Receivable, before Allowance for Credit Loss, Current | $3.1B | $2.31B | +34.2% | $2.92B | $2.3B | +27.1% |
| Accrued Income Taxes, Noncurrent | $299M | $260M | +15.3% | $251M | $222M | +13.1% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $1.74B | $1.54B | +13.2% | $1.69B | $1.49B | +13.6% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$59.4M | $671K | -8,953.4% | -$34.5M | $1.2M | -2,968.7% |
| Additional Paid in Capital, Common Stock | $2.7B2026-06-30 | $2.51B | +7.5% | $2.7B | $2.51B | +7.5% |
| Amortization of Intangible Assets | $43.3M | $49.3M | -12.2% | $191M | $220M | -13.4% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 | 0 | – | 162K | 0 | – |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $84.1M | $70.2M | +19.8% | $310M | $265M | +17.0% |
| Asset Impairment Charges | $02026-06-30 | $0 | – | $0 | $239M | -100.0% |
| Assets | $18.4B | $16.3B | +12.8% | $18B | $16.1B | +11.7% |
| Assets, Current | $12.6B | $10.9B | +15.3% | $12.4B | $10.7B | +15.7% |
| Assets, Fair Value Disclosure | $4.72B2026-03-31 | – | – | – | – | – |
| Capitalized Contract Cost, Net | $219M | $201M | +9.3% | $257M | $224M | +14.9% |
| Cash | $337M | $512M | -34.2% | $334M | $438M | -23.8% |
| Cash and Cash Equivalents, at Carrying Value | $1.53B | $1.95B | -21.3% | $1.65B | $2.08B | -20.6% |
| Cash Equivalents, at Carrying Value | $1.2B | $1.43B | -16.7% | $1.32B | $1.64B | -19.8% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $1.53B | $1.95B | -21.3% | $1.65B | $2.08B | -20.6% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$118M | -$133M | +11.2% | -$429M | $102M | -521.6% |
| Common Stock, Dividends, Per Share, Declared | $0.23 | $0.19 | +21.1% | $0.80 | $0.68 | +18.5% |
| Common Stock, Par or Stated Value Per Share | $0.002026-06-30 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 5B2026-06-30 | 5B | 0.0% | 5B | 5B | 0.0% |
| Common Stock, Shares, Issued | 2.82B2026-06-30 | 2.81B | +0.2% | 2.82B | 2.81B | +0.2% |
| Common Stock, Shares, Outstanding | 1.31B2026-06-30 | 1.32B | -1.0% | 1.31B | 1.32B | -1.0% |
| Common Stock, Value, Issued | $1.31M2026-06-30 | $1.32M | -1.0% | $1.31M | $1.32M | -1.0% |
| Common Stocks, Including Additional Paid in Capital | $2.59B | $2.49B | +3.9% | – | – | – |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | – | – | – | $02025-06-30 | $0 | – |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $1.52B | $1.12B | +36.0% | $4.8B | $4.11B | +16.6% |
| Construction in Progress, Gross | $181M | $204M | -11.4% | $224M | $208M | +8.0% |
| Contract with Customer, Asset, after Allowance for Credit Loss, Current | $130M | $124M | +5.0% | $132M | $105M | +25.3% |
| Contract with Customer, Asset, Reclassified to Receivable | $73M | $47.2M | +54.7% | $97.2M | $58.8M | +65.3% |
| Contract with Customer, Liability | $1.71B | $1.71B | -0.2% | $1.78B | $1.71B | +3.6% |
| Contract with Customer, Liability, Current | $1.48B | $1.42B | +3.8% | $1.54B | – | – |
| Contract with Customer, Liability, Noncurrent | $231M | $287M | -19.7% | $238M | $349M | -31.7% |
| Contract with Customer, Liability, Revenue Recognized | $933M | $739M | +26.2% | $1.29B | $1.39B | -7.2% |
| Cost of Revenue | $1.58B | $1.24B | +26.9% | $5.26B | $4.75B | +10.6% |
| Current Federal Tax Expense (Benefit) | – | – | – | $330M | $624M | -47.1% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $348M | $182M | +90.9% |
| Current Income Tax Expense (Benefit) | – | – | – | $688M | $828M | -16.9% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $9.62M | $21.2M | -54.5% |
| Debt Instrument, Unamortized Discount | $21.5M | $23M | -6.4% | $21.9M | $23.3M | -6.3% |
| Debt Issuance Costs, Net | $39.6M | $41.8M | -5.4% | $40.1M | $42.4M | -5.4% |
| Debt Securities, Available-for-sale | $3.18B | $2.71B | +17.1% | $3.21B | $2.39B | +34.0% |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded | – | – | – | $0 | $0 | – |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One | $1.42B | $1.35B | +4.8% | $1.47B | $1.24B | +18.0% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | $0 | $21.5M | -100.0% | $0 | $22.9M | -100.0% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | $02026-06-30 | $35K | -100.0% | $0 | $35K | -100.0% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $1.98B2026-06-30 | $375M | +428.7% | $1.98B | $375M | +428.7% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | $10.2M2026-06-30 | $419K | +2,330.5% | $10.2M | $419K | +2,330.5% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | $1.42B | $1.36B | +4.4% | $1.47B | $1.25B | +17.8% |
| Debt Securities, Available-for-sale, Unrealized Loss Position | $2.38B | $228M | +943.3% | $1.98B | $398M | +398.3% |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-K 2026-06-30, 10-Q 2026-03-31, 10-Q 2025-12-31, 10-Q 2025-09-30, 10-K 2025-06-30, 10-Q 2025-03-31, 10-Q 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-01