# KLA Corporation (KLAC) Q4 2025 Financial Results Summary
**Release Date:** July 31, 2025
KLA Corporation (NASDAQ: KLAC) has reported its financial and operating results for the fourth quarter and full fiscal year ending June 30, 2025. The company’s results reflect strong performance across various metrics, positioning KLA as a key player in the semiconductor capital equipment space. Below is a summary of the key highlights and metrics from the report.
### Financial Performance
– **Total Revenues:**
– Q4 FY 2025: $3.175 billion (up **23.6%** compared to Q4 FY 2024 which was $2.569 billion).
– **Net Income:**
– GAAP Net Income Q4 FY 2025: $1.20 billion (up **43.8%** from Q4 FY 2024 of $836 million).
– **Earnings Per Share:**
– GAAP Diluted EPS Q4 FY 2025: $9.06 (up **46.5%** from $6.18 in Q4 FY 2024).
– Non-GAAP Diluted EPS Q4 FY 2025: $9.38 (up **42.5%** from $6.60 in Q4 FY 2024).
– **Operating Cash Flows:**
– Cash flow from operating activities for Q4 FY 2025: $1.16 billion (up **30.5%** from $892 million in Q4 FY 2024).
– Free cash flow for Q4 FY 2025: $1.06 billion (up **27.9%** from $832 million in Q4 FY 2024).
– **Annual Performance:**
– For the fiscal year FY 2025, total revenues were $12.16 billion (up **23.9%** compared to $9.81 billion in FY 2024).
– GAAP Net Income FY 2025 stood at $4.06 billion (up **46.9%** compared to $2.76 billion in FY 2024).
– GAAP Diluted EPS for FY 2025 was $30.37 (up **49.7%** from $20.28 in FY 2024).
### Dividend and Share Repurchase
– KLA Corporation has declared a quarterly cash dividend of **$253.965 million** for Q4 FY 2025, up from **$197.521 million** in the same quarter last year, reflecting an increase of **28.6%**.
– The company also repurchased **$425.697 million** of its common stock during Q4 FY 2025, compared to **$470.266 million** in Q4 FY 2024.
### Guidance for Q1 FY 2026
– The company provided guidance for the first quarter of fiscal year 2026 with total revenues expected to be in the range of **$3.15 billion +/- $150 million**.
– Expected GAAP gross margin in the range of **60.7% +/- 1.0%**.
– Expected GAAP diluted EPS in the range of **$8.28 +/- $0.77**.
### Segment Performance
KLA’s revenue is broken down by segments, demonstrating robust growth across all areas:
– **Semiconductor Process Control:**
– Q4 FY 2025: $2.878 billion (up **24.8%** from Q4 FY 2024 which was $2.308 billion).
– **Specialty Semiconductor Process:**
– Q4 FY 2025: $141.866 million (up **17.1%** from $121.268 million in Q4 FY 2024).
– **PCB and Component Inspection:**
– Q4 FY 2025: $154.106 million (up **10.1%** from $140.017 million in Q4 FY 2024).
### Additional Metrics
– **Capital Returns:**
– Total capital returns for the fiscal year FY 2025 were $3.05 billion, with Q4 returns totaling **$679.7 million**.
– **Assets:**
– Total assets as of June 30, 2025: approximately **$16.068 billion**, compared to **$15.434 billion** at the end of fiscal 2024.
– **Liabilities:**
– Total liabilities as of June 30, 2025: approximately **$11.375 billion**, compared to **$12.065 billion** at the end of fiscal 2024 **(down 5.7%)**.
### Summary
KLA Corporation’s strong quarterly and yearly performance underscores its effective strategy within the semiconductor industry amid a growing demand for advanced technologies. The announced quarterly dividend and substantial share repurchases demonstrate the company’s commitment to returning value to its shareholders while maintaining robust financial health. Looking ahead, KLA has provided promising guidance for the upcoming quarter, signaling continued optimism in its business outlook.
| Three Months Ended June 30, | Twelve Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenues: | ||||
| Product | $2,472,182 | $1,954,837 | $9,472,854 | $7,482,679 |
| Service | $702,559 | $613,898 | $2,683,308 | $2,329,568 |
| Total revenues | $3,174,741 | $2,568,735 | $12,156,162 | $9,812,247 |
| Costs and expenses: | ||||
| Costs of revenues | $1,207,286 | $1,010,551 | $4,751,867 | $3,928,073 |
| Research and development | $352,989 | $325,759 | $1,360,334 | $1,278,981 |
| Selling, general and administrative | $262,706 | $255,106 | $1,029,734 | $969,509 |
| Impairment of goodwill and purchased intangible assets | — | — | $239,100 | $289,474 |
| Interest expense | $73,125 | $82,836 | $302,166 | $311,253 |
| Other expense (income), net | -50,164 | -50,560 | -171,487 | -155,075 |
| Income before income taxes | $1,328,799 | $945,043 | $4,644,448 | $3,190,032 |
| Provision for income taxes | $125,950 | $108,597 | $582,805 | $428,136 |
| Net income | $1,202,849 | $836,446 | $4,061,643 | $2,761,896 |
| Net income per share: | ||||
| Basic | $9.11 | $6.22 | $30.53 | $20.41 |
| Diluted | $9.06 | $6.18 | $30.37 | $20.28 |
| Weighted-average number of shares: | ||||
| Basic | 132,032 | 134,462 | 133,030 | 135,345 |
| Diluted | 132,734 | 135,342 | 133,750 | 136,187 |
| ASSETS | June 30, 2025 | June 30, 2024 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $2,078,908 | $1,977,129 |
| Marketable securities | $2,415,715 | $2,526,866 |
| Accounts receivable, net | $2,263,915 | $1,833,041 |
| Inventories | $3,212,149 | $3,034,781 |
| Other current assets | $728,102 | $659,327 |
| Total current assets | $10,698,789 | $10,031,144 |
| Land, property and equipment, net | $1,252,775 | $1,109,968 |
| Goodwill, net | $1,792,193 | $2,015,726 |
| Deferred income taxes | $1,105,770 | $915,241 |
| Purchased intangible assets, net | $444,785 | $668,764 |
| Other non-current assets | $773,614 | $692,723 |
| Total assets | $16,067,926 | $15,433,566 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $458,509 | $359,487 |
| Deferred system revenue | $816,834 | $985,856 |
| Deferred service revenue | $548,011 | $501,926 |
| Current portion of long-term debt | — | $749,936 |
| Other current liabilities | $2,262,441 | $2,063,569 |
| Total current liabilities | $4,085,795 | $4,660,774 |
| Long-term debt | $5,884,257 | $5,880,199 |
| Deferred tax liabilities | $446,945 | $486,690 |
| Deferred service revenue | $348,844 | $294,460 |
| Other non-current liabilities | $609,632 | $743,115 |
| Total liabilities | $11,375,473 | $12,065,238 |
| Stockholders’ equity: | ||
| Common stock and capital in excess of par value | $2,511,922 | $2,280,133 |
| Retained earnings | $2,179,330 | $1,137,270 |
| Accumulated other comprehensive income (loss) | $1,201 | -49,075 |
| Total stockholders’ equity | $4,692,453 | $3,368,328 |
| Total liabilities and stockholders’ equity | $16,067,926 | $15,433,566 |
