KLA CORP
For the period ended Mar 31, 2026. Filed Apr 30, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed Apr 30, 2026
KLAC$152.99+1.1%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows for the and
Condensed Consolidated Statements of Cash Flows
| Nine Months Ended March 31, | ||
|---|---|---|
| (In thousands) | 2026 | 2025 |
| Cash flows from operating activities: | ||
| Net income | $3,467,712 | $2,858,794 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Impairment of goodwill and purchased intangible assets | — | 239,100 |
| Depreciation and amortization | 295,372 | 297,836 |
| Unrealized foreign exchange loss and other | 382 | 23,622 |
| Stock-based compensation expense | 228,067 | 193,742 |
| Net gain on sale of assets | (683) | (161) |
| Deferred income taxes | (27,254) | (186,095) |
| Changes in assets and liabilities: | ||
| Accounts receivable | (55,365) | (300,289) |
| Inventories | (253,659) | (106,651) |
| Other assets | (78,129) | 76,105 |
| Accounts payable | 64,569 | 42,390 |
| Deferred system revenue | (195,991) | (117,512) |
| Deferred service revenue | (68,789) | 64,610 |
| Other liabilities | (139,583) | (168,579) |
| Net cash provided by operating activities | 3,236,649 | 2,916,912 |
| Cash flows from investing activities: | ||
| Capital expenditures | (286,657) | (234,851) |
| Proceeds from capital-related government assistance | 16,782 | 315 |
| Purchases of available-for-sale and equity securities | (2,850,686) | (2,024,564) |
| Proceeds from maturity and sale of available-for-sale securities | 2,113,329 | 2,392,560 |
| Purchases of trading securities | (229,727) | (88,275) |
| Proceeds from sale of trading securities | 217,530 | 79,384 |
| Other, net | 2,451 | (1,705) |
| Net cash provided by (used in) investing activities | (1,016,978) | 122,864 |
| Cash flows from financing activities: | ||
| Payment of debt issuance costs | (1,602) | — |
| Repayment of debt | — | (750,000) |
| Common stock repurchases | (1,718,772) | (1,724,249) |
| Payment of dividends to stockholders | (752,498) | (650,629) |
| Issuance of common stock | 55,543 | 47,538 |
| Tax withholding payments related to vested and released restricted stock units | (91,201) | (78,534) |
| Net cash used in financing activities | (2,508,530) | (3,155,874) |
| Effect of exchange rate changes on cash and cash equivalents | (3,039) | (3,009) |
| Net decrease in cash and cash equivalents | (291,898) | (119,107) |
| Cash and cash equivalents at beginning of period | 2,078,908 | 1,977,129 |
| Cash and cash equivalents at end of period | $1,787,010 | $1,858,022 |
| Supplemental cash flow disclosures: | ||
| Income taxes paid, net | $582,446 | $655,822 |
| Interest paid, net of capitalized interest | $270,586 | $284,999 |
| Non-cash activities: | ||
| Dividends payable - financing activities | $6,730 | $6,360 |
| Unsettled common stock repurchase - financing activities | $5,499 | $5,499 |
| Accrued purchases of land, property and equipment - investing activities | $31,941 | $24,322 |
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