KLAC KLA CORP

Overview and Growth

Fiscal 2026 results for KLA CORP combined $13.58B of revenue with net income of $4.83B and an operating cash inflow of $4.14B. The $13.58B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Compared with $12.16B in fiscal 2025, revenue recorded a 11.7% year-over-year increase. The company reported diluted EPS of $3.66, adding a shareholder-level measure to the absolute income figures considered below. The per-share result recorded a 20.4% increase from fiscal 2025 diluted EPS of $3.04. The revenue-to-assets relationship was 0.76x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

The first profit layer was $8.32B of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. The gross-profit relationship equaled 61.3% of revenue, quantifying the portion retained before operating expenses were recognized. The bottom-line result was net income of $4.83B, after the operating, financing, tax, and other items recognized for the period. Measured against reported revenue, net income produced a 35.6% margin after operating costs and the remaining recognized items. Before income taxes, the company reported $5.61B of earnings, providing a bridge between the operating result and final net income. Pretax income represented 41.3% of revenue, placing earnings before tax in the context of the company’s operating scale. The reported income-tax provision was $775.15M, the amount recognized between pretax income and the final net-income result. The effective relationship between income tax and positive pretax income was 13.8%, without assuming a statutory-rate comparison.

Liquidity and Capital Structure

The company held $17.95B of assets against $11.60B of liabilities and $6.35B of equity, revealing how the asset base was financed. Current assets were $12.38B against $4.30B of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. The current ratio was 2.88x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Cash and equivalents totaled $1.65B, identifying the most liquid reported component available within the broader current-asset balance. Measured only with cash and equivalents, coverage of current liabilities was 38.3%, excluding receivables and other current assets. The company carried $5.89B of total debt at period end, which frames its leverage and debt-service burden. The debt-to-equity relationship was 0.93x, showing how much debt the company carried for each unit of book equity. Debt represented 32.8% of total assets, placing borrowing in the context of the company’s full resource base. Relative to total assets, liabilities measured 64.6%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 9.2% of total assets, showing the liquid cash component within the company’s broader resource base. Total assets were 11.7% higher than fiscal 2025 assets of $16.07B, measuring the company’s own balance-sheet change.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $4.14B, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Operating cash flow equaled 0.86x of net income, showing how strongly accounting earnings converted into cash from operations. Capital expenditures used $375.94M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Relative to operating cash flow, capital expenditures measured 9.1%, connecting investment intensity with the company’s cash-generation base. Free cash flow came to $3.77B, leaving a positive amount after capital expenditures. Relative to revenue, free cash flow equaled 27.7%, showing how much sales converted into cash after investment. Free cash flow equaled 21.0% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Jun 30, 2026. Analysis generated Oct 21, 2026.