KLA Corp. Files Q2 FY25 10-Q
Ticker: KLAC · Form: 10-Q · Filed: 2025-01-31T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
KLA Corp. 10-Q filed for Q2 FY25. Financials updated.
AI Summary
KLA Corp. filed its 10-Q for the period ending December 31, 2024. The company reported financial results for the second quarter of fiscal year 2025. Key financial data and operational details for this period are detailed within the filing.
Why It Matters
This filing provides investors with an update on KLA Corp.'s financial performance and operational status for the second quarter of fiscal year 2025, crucial for understanding the company's trajectory.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing providing standard disclosures.
Key Players & Entities
- KLA Corp. (company) — Filer of the 10-Q
- 0000319201 (company) — Central Index Key for KLA Corp.
- 20241231 (date) — Period of report for the 10-Q
- 20250131 (date) — Filing date of the 10-Q
- Milpitas, CA (location) — Business and mailing address of KLA Corp.
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20241231, meaning the filing covers the period ending December 31, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on 20250131.
What is KLA Corp.'s Standard Industrial Classification code?
KLA Corp.'s Standard Industrial Classification is 3827, Optical Instruments & Lenses.
What was KLA Corp.'s former name?
KLA Corp. was formerly known as KLA Tencor Corp. until 19970505 and KLA Instruments Corp. until 19920703.
What is KLA Corp.'s fiscal year end?
KLA Corp.'s fiscal year ends on 0630.
Filing Stats: 4,534 words · 18 min read · ~15 pages · Grade level 15.8 · Accepted 2025-01-31 16:05:22
Key Financial Figures
- $0.001 — ange on which registered Common Stock, $0.001 par value per share KLAC The Nasdaq Sto
Filing Documents
- klac-20241231.htm (10-Q) — 2383KB
- klac10-qex101123124.htm (EX-10.1) — 26KB
- klac10-qex311123124.htm (EX-31.1) — 11KB
- klac10-qex312123124.htm (EX-31.2) — 11KB
- klac10-qex32123124.htm (EX-32) — 11KB
- image_1.jpg (GRAPHIC) — 27KB
- 0000319201-25-000006.txt ( ) — 12752KB
- klac-20241231.xsd (EX-101.SCH) — 75KB
- klac-20241231_cal.xml (EX-101.CAL) — 127KB
- klac-20241231_def.xml (EX-101.DEF) — 410KB
- klac-20241231_lab.xml (EX-101.LAB) — 907KB
- klac-20241231_pre.xml (EX-101.PRE) — 667KB
- klac-20241231_htm.xml (XML) — 2375KB
FINANCIAL INFORMATION
PART I FINANCIAL INFORMATION
Financial Statements (Unaudited)
Item 1. Financial Statements (Unaudited) Condensed Consolidated Balance Sheets as of December 31, 2024 and June 30, 2024 3 Condensed Consolidated Statements of Operations for the Three Months and Six Months Ended December 31, 2024 and 2023 4 Condensed Consolidated Statements of Comprehensive Income for the Three Months and Six Months Ended December 31, 2024 and 2023 5 Condensed Consolidated Statements of Stockholders ' Equity for the Three Months and Six Months Ended December 31, 2024 and 2023 6 Condensed Consolidated Statements of Cash Flows for the Six Months Ended December 31, 2024 and 2023 7 Notes to Condensed Consolidated Financial Statements 8
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 35
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 50
Controls and Procedures
Item 4. Controls and Procedures 51
OTHER INFORMATION
PART II OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 52
Risk Factors
Item 1A. Risk Factors 52
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 74
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 74
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 74
Other Information
Item 5. Other Information 74
Exhibits
Item 6. Exhibits 76
SIGNATURES
SIGNATURES 77 2 Table of Contents
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS KLA CORPORATION Condensed Consolidated Balance Sheets (Unaudited) (In thousands) December 31, 2024 June 30, 2024 ASSETS Current assets: Cash and cash equivalents $ 1,838,278 $ 1,977,129 Marketable securities 1,942,127 2,526,866 Accounts receivable, net 2,334,977 1,833,041 Inventories 3,046,340 3,034,781 Other current assets 610,882 659,327 Total current assets 9,772,604 10,031,144 Land, property and equipment, net 1,173,928 1,109,968 Goodwill, net 1,785,297 2,015,726 Deferred income taxes 1,002,169 915,241 Purchased intangible assets, net 548,645 668,764 Other non-current assets 719,053 692,723 Total assets $ 15,001,696 $ 15,433,566 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 432,891 $ 359,487 Deferred system revenue 1,072,565 985,856 Deferred service revenue 521,424 501,926 Current portion of long-term debt — 749,936 Other current liabilities 2,111,378 2,063,569 Total current liabilities 4,138,258 4,660,774 Long-term debt 5,882,387 5,880,199 Deferred tax liabilities 423,626 486,690 Deferred service revenue 333,758 294,460 Other non-current liabilities 639,118 743,115 Total liabilities 11,417,147 12,065,238 Commitments and contingencies (Notes 8, 13 and 14) Stockholders' equity: Common stock and capital in excess of par value 2,346,346 2,280,133 Retained earnings 1,284,589 1,137,270 Accumulated other comprehensive loss ( 46,386 ) ( 49,075 ) Total stockholders' equity 3,584,549 3,368,328 Total liabilities and stockholders' equity $ 15,001,696 $ 15,433,566 See accompanying notes to Condensed Consolidated Financial Statements (unaudited). 3 Table of Contents KLA CORPORATION Condensed Consolidated Statements of Operations (Unaudited) Three Months Ended December 31, Six Months Ended December 31, (In thousands, except per share amounts) 2024 2023 2024 2023 Revenues: Product $ 2,409,462 $ 1,921,809 $ 4,606,851 $ 3,758,473 Service 667,389 564,917 1,311,541 1