KLA (KLAC) financial statements
KLA reported revenue of $13.6B in fiscal 2026, up 16.3% a year over 9 years.
Net income was $4.8B.
Free cash flow was $3.8B, and the company returned $1.1B in dividends and $2.3B in net buybacks.
The diluted share count fell 16% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from KLA's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.5B | $4.0B | $4.6B | $5.8B | $6.9B | $9.2B | $10.5B | $9.8B | $12.2B | $13.6B |
| Cost of revenue | $1.3B | $1.4B | $1.9B | $2.4B | $2.8B | $3.6B | $4.2B | $3.9B | $4.8B | $5.3B |
| 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 | $928M | $1.1B | $1.3B | $1.3B | $1.4B | $1.5B |
| Selling, general and admin | $388M | $442M | $599M | $734M | $730M | $860M | $986M | $970M | $1.0B | $1.1B |
| Interest expense | $122M | $114M | $125M | $160M | $157M | $160M | $297M | $311M | $302M | $284M |
| Pre-tax 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 |
| EPS (diluted) | $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 |
| Gross margin | 63.0% | 64.2% | 59.1% | 57.8% | 59.9% | 61.0% | 59.8% | 60.0% | 60.9% | 61.3% |
| Net margin | 26.6% | 19.9% | 25.7% | 21.0% | 30.0% | 36.1% | 32.3% | 28.1% | 33.4% | 35.6% |
Balance sheet
Fiscal years, from KLA's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $3.0B | $2.9B | $1.7B | $2.0B | $1.4B | $1.6B | $1.9B | $2.0B | $2.1B | $1.6B |
| Receivables | $571M | $652M | $990M | $1.1B | $1.3B | $1.8B | $1.8B | $1.8B | $2.3B | $2.9B |
| Inventory | $733M | $932M | $1.3B | $1.3B | $1.6B | $2.1B | $2.9B | $3.0B | $3.2B | $3.6B |
| Total current assets | $4.4B | $4.5B | $4.3B | $4.7B | $5.7B | $7.2B | $8.4B | $10.0B | $10.7B | $12.4B |
| Property, plant and equipment | $284M | $286M | $449M | $520M | $663M | $850M | $1.0B | $1.1B | $1.3B | $1.4B |
| Goodwill | $350M | $355M | $2.2B | $2.0B | $2.0B | $2.3B | $2.3B | $2.0B | $1.8B | $1.8B |
| Total assets | $5.5B | $5.6B | $9.0B | $9.3B | $10.3B | $12.6B | $14.1B | $15.4B | $16.1B | $18.0B |
| Total current liabilities | $1.3B | $1.2B | $1.8B | $1.7B | $2.1B | $2.9B | $3.7B | $4.7B | $4.1B | $4.3B |
| Long-term debt | $2.7B | $2.2B | $3.2B | $3.5B | — | — | — | — | — | — |
| 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 |
| Net debt | $1.8B | $833M | $2.4B | $2.2B | -$1.4B | -$1.6B | -$1.9B | -$1.2B | -$2.1B | -$1.6B |
Cash flow
Fiscal years, from KLA's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.1B | $1.2B | $1.2B | $1.8B | $2.2B | $3.3B | $3.7B | $3.3B | $4.1B | $4.1B |
| Capital spending | $39M | $67M | $130M | $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 |
| Stock-based compensation | $51M | $63M | $94M | $111M | $112M | $127M | $171M | $213M | $265M | $310M |
| Dividends paid | $344M | $402M | $472M | $522M | $559M | $639M | $733M | $773M | $905M | $1.1B |
| Share buybacks (net) | -$25M | -$203M | -$1.1B | -$829M | -$939M | -$4.0B | -$1.3B | -$1.7B | -$2.1B | -$2.3B |
| Net borrowing | -$130M | -$946M | -$902M | -$1.2B | -$70M | -$620M | -$1.1B | $0 | -$750M | $0 |
| Free cash flow margin | 29.9% | 28.8% | 22.4% | 28.0% | 28.2% | 32.6% | 31.7% | 30.9% | 30.8% | 27.7% |
| Dividends per share | $0.22 | $0.26 | $0.30 | $0.33 | $0.36 | $0.42 | $0.52 | $0.57 | $0.68 | $0.80 |
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Open KLAC in InvestinglyQuestions
What was KLA's revenue in 2026?
$13.6B in fiscal 2026, from its 10-K filing.
How much free cash flow does KLA generate?
$3.8B in fiscal 2026 (operating cash flow minus capital spending).
From KLA's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.