KLA Corporation, together with its subsidiaries, designs, manufactures, and markets process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide. The company operates through three segments: Semiconductor Process Control; Specialty Semiconductor Process; and PCB and Component Inspection. It offers inspection and review tools to identify, locate, characterize, review, and analyze defects on various surfaces of patterned and unpatterned wafers; metrology systems to measure pattern dimensions, film thickness, film stress, layer-to-layer alignment, pattern placement, surface topography, and electro-optical properties for wafers; chemical process control equipment; wired and wireless sensor wafers and reticles; wafer defect inspection, review, and metrology systems; reticle inspection and metrology systems; wafer inspection and metrology systems; and semiconductor software solutions that provide run-time process control, defect excursion identification, process corrections, and defect classification to accelerate yield learning rates and reduce production risk. The company also provides etch, plasma dicing, deposition, and other wafer processing technologies and solutions for the semiconductor and microelectronics industry. In addition, it offers direct imaging, inspection, optical shaping, inkjet and additive printing, and computer-aided manufacturing and engineering solutions for the PCB market and inspection and metrology systems for quality control and yield improvement in advanced and traditional semiconductor packaging markets. The company was formerly known as KLA-Tencor Corporation and changed its name to KLA Corporation in July 2019. KLA Corporation was incorporated in 1975 and is headquartered in Milpitas, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $12.2B | $5.3B | $4.1B | $3.7B | 86.6% | 23.9% | 47.1% |
| 2024 | $9.8B | $3.9B | $2.8B | $3.0B | 82.0% | -6.5% | -18.5% |
| 2023 | $10.5B | $4.5B | $3.4B | $3.3B | 116.0% | 13.9% | 2.0% |
| 2022 | $9.2B | $4.0B | $3.3B | $3.0B | 237.0% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 9,211.88 | 10,496.06 | 9,812.25 | 12,156.16 |
| Operating Revenue | - | 9,211.88 | 10,496.06 | 9,812.25 | 12,156.16 |
| Cost Of Revenue | - | 3,592.44 | 4,218.31 | 3,928.07 | 4,751.87 |
| Gross Profit | - | 5,619.44 | 6,277.75 | 5,884.17 | 7,404.30 |
| Operating Expense | - | 1,965.26 | 2,283.05 | 2,248.49 | 2,390.07 |
| Research And Development | - | 1,105.25 | 1,296.73 | 1,278.98 | 1,360.33 |
| Selling General And Administration | - | 860.01 | 986.33 | 969.51 | 1,029.73 |
| Total Expenses | - | 5,557.70 | 6,501.36 | 6,176.56 | 7,141.94 |
| Operating Income | - | 3,654.18 | 3,994.70 | 3,635.68 | 5,014.23 |
| EBITDA | - | 4,012.92 | 4,501.24 | 3,903.02 | 5,340.70 |
| Normalized EBITDA | - | 4,017.15 | 4,515.75 | 4,185.32 | 5,582.71 |
| EBIT | - | 3,649.58 | 4,086.13 | 3,501.28 | 4,946.61 |
| Interest Income | - | 8.70 | 74.10 | 160.69 | 180.28 |
| Interest Expense | - | 160.34 | 296.94 | 311.25 | 302.17 |
| Net Interest Income | - | -151.64 | -222.84 | -150.56 | -121.89 |
| Other Non Operating Income Expenses | - | -9.07 | 31.84 | -12.78 | -5.88 |
| Other Income Expense | - | -13.30 | 17.34 | -295.09 | -247.89 |
| Interest Income Non Operating | - | 8.70 | 74.10 | 160.69 | 180.28 |
| Interest Expense Non Operating | - | 160.34 | 296.94 | 311.25 | 302.17 |
| Net Non Operating Interest Income Expense | - | -151.64 | -222.84 | -150.56 | -121.89 |
| Pretax Income | - | 3,489.24 | 3,789.19 | 3,190.03 | 4,644.45 |
| Tax Provision | - | 167.18 | 401.84 | 428.14 | 582.80 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.20 | -1.54 | -37.83 | -30.25 |
| Net Income Continuous Operations | - | 3,322.06 | 3,387.35 | 2,761.90 | 4,061.64 |
| Net Income From Continuing And Discontinued Operation | - | 3,321.81 | 3,387.28 | 2,761.90 | 4,061.64 |
| Net Income From Continuing Operation Net Minority Interest | - | 3,321.81 | 3,387.28 | 2,761.90 | 4,061.64 |
| Net Income | - | 3,321.81 | 3,387.28 | 2,761.90 | 4,061.64 |
| Net Income Common Stockholders | - | 3,321.81 | 3,387.28 | 2,761.90 | 4,061.64 |
| Net Income Including Noncontrolling Interests | - | 3,322.06 | 3,387.35 | 2,761.90 | 4,061.64 |
| Normalized Income | - | 3,325.83 | 3,400.24 | 3,006.38 | 4,273.40 |
| Diluted NI Availto Com Stockholders | - | 3,321.81 | 3,387.28 | 2,761.90 | 4,061.64 |
| Basic Average Shares | 154.09 | 150.49 | 139.48 | 135.34 | - |
| Diluted Average Shares | 155.44 | 151.56 | 140.24 | 136.19 | - |
| Reconciled Depreciation | - | 363.34 | 415.11 | 401.73 | 394.09 |
| Reconciled Cost Of Revenue | - | 3,592.44 | 4,218.31 | 3,928.07 | 4,751.87 |
| Total Unusual Items | - | -4.23 | -14.50 | -282.31 | -242 |
| Total Unusual Items Excluding Goodwill | - | -4.23 | -14.50 | -282.31 | -242 |
| Minority Interests | - | -0.25 | -0.07 | 0 | 0 |
| Special Income Charges | - | 0 | -13.29 | -289.47 | -239.10 |
| Other Special Charges | - | - | 13.29 | - | - |
| Impairment Of Capital Assets | - | 0 | 0 | 289.47 | 239.10 |
| Gain On Sale Of Security | - | -4.23 | -1.22 | 7.16 | -2.90 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| KLA Corporationthis co. | KLAC | $278.4B | 68.54β premium | 59.33 | 86.6% | 52.88 |
| Palantir Technologies Inc. | PLTR | $339.7B | 209.04 | 45.98 | 22.0% | 235.05 |
| International Business Machines Corporation | IBM | $283.6B | 26.78 | 8.69 | 32.4% | 19.36 |
| Texas Instruments Incorporated | TXN | $277.9B | 55.57 | 17.08 | 30.7% | 34.99 |
| Marvell Technology, Inc. | MRVL |
| - |
| - |
| - |
| - |
| - |
| $276.8B |
| 103.67 |
| 19.35 |
| 18.7% |
| 61.45 |
| Dell Technologies Inc. | DELL | $274.2B | 46.18 | -110.99 | -240.3% | 24.82 |
| Sandisk Corporation | SNDK | $260.6B | -158.80 | 28.28 | -17.8% | -208.42 |
| QUALCOMM Incorporated | QCOM | $255.7B | 46.14 | 12.06 | 26.1% | 17.75 |
| Palo Alto Networks, Inc. | PANW | $227.6B | 200.71 | 29.09 | 14.5% | 116.26 |
| Peer Median | - | 50.88 | 18.21 | 20.3% | 29.90 | |