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KLAC · Kla Corp · Financials

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$162.50 -3.90 (-2.34%)
Market Cap
$217.41B
Shares
1.31B
Volume · Oct 20 12.57M Avg daily vol (3M) 10.1M

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Revenue
$13.58B +11.7%
FY2026 Revenue FY2009–FY2026
Net Income
$4.83B +18.9%
FY2026 Net Income FY2009–FY2026
Gross Margin
61.3% +0.4pp
FY2026 Gross Margin FY2009–FY2026
Operating Margin
26.36% +0.7pp
FY2014 Operating Margin FY2009–FY2014
Diluted EPS
$3.66 +20.4%
FY2026 Diluted EPS FY2009–FY2026
Operating Cash Flow
$4.14B +1.5%
FY2026 Operating Cash Flow FY2009–FY2026

Chart any reported metric, KPI or segment over time — the full statement history lives here

Line Item TTM FY2026 FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011 FY2010 FY2009
— $13.58B $12.16B $9.81B $10.5B $9.21B $6.92B $5.81BG $4.57B $4.04B $3.48B $2.98B $2.81B $2.93B $2.84B $3.17B $3.18B $1.82B $1.52B
— $5.26B $4.75B $3.93B $4.22B $3.59B $2.77B $2.45B $1.87B $1.45B $1.29B $1.16B $1.22B $1.23B $1.24B $1.33B $1.26B $815.66M $864.82M
— $8.32B $7.4B $5.88B $6.28B $5.62B $4.15B $3.36B $2.7B $2.59B $2.19B $1.82B $1.6B $1.7B $1.61B $1.84B $1.92B $1.01B $655.39M
— 61.3% 60.91% 59.97% 59.81% 61% 59.93% 57.81% 59.08% 64.18% 63.04% 61.02% 56.82% 57.91% 56.47% 58.07% 60.34% 55.2% 43.11%
— $1.53B $1.36B $1.28B $1.3B $1.11B $928.49M $863.86M $711.03M $608.53M $526.69M $481.26M $530.62M $539.47M $487.83M $452.94M $386.16M $329.56M $371.46M
— $1.13B $1.03B $969.51M $986.33M $860.01M $729.6M $734.15M $599.12M $442.3M $388.21M $379.4M $406.86M $384.91M $387.81M $372.67M $369.43M $361.37M $415.13M
— $190.8M $220.4M $239.3M $260.6M $229.1M $206.25M $220.58M $87.39M $4.63M $3M $7.6M $15.8M $16.2M $20.8M $30.3M $32.9M $33.8M —
— $393.98M $394.09M $401.73M $415.11M $363.34M $333.34M $348.05M $233.22M $62.68M $57.84M $66.93M $80.54M $83.07M $87.53M $92.13M $86.04M $87.35M $135.85M
— $1.2M $7.7M $21.6M $44M $1M $12.4M $7.7M — $0 $0 $8.9M $31.57M $6.66M $6.63M $6.71M $4.42M — —
— — — — — — — — — — — — — — — — — $15.1M $2.4M
$2.16B — — — — — — — — — — — — $2.16B $2.11B $2.16B $2.01B $1.51B $2.1B
$631.87M — — — — — — — — — — — — $772.07M $729.69M $1.02B $1.16B $314.17M -$577.94M
— — — — — — — — — — — — — 26.36% 25.67% 32.04% 36.54% 17.25% -38.02%
$714.45M — — — — — — — — — — — — $855.14M $817.22M $1.11B $1.25B $401.51M -$442.09M
— $284.44M $302.17M $311.25M $296.94M $160.34M $157.33M $160.27M $124.6M $114.38M $122.48M $122.89M $106.01M $53.81M $54.18M $54.2M $54.33M $54.52M $55.34M
— $177.06M $180.28M $160.69M $74.1M $8.7M $8.93M $21.65M $40.37M $36.87M $23.27M $14.51M $12.55M $13.56M $14.98M $15.32M $15.51M $17.51M $27.16M
— $229.59M $171.49M $155.08M $104.72M -$4.61M $29.3M -$2.68M $31.46M $30.48M -$6M $7.05M -$2.43M $1.08M -$1.15M -$1.13M -$11.82M $15.01M -$1.22M
— — — — — — — — — — — — — — — $1.4M $1.4M — —
— $5.61B $4.64B $3.19B $3.79B $3.49B $2.36B $1.32B $1.3B $1.46B $1.17B $858.19M $434.13M $734.46M $690.62M $974.09M $1.11B $291.18M -$602.53M
— $775.15M $582.81M $428.14M $401.84M $167.18M $283.1M $101.69M $121.21M $653.67M $247.17M $153.77M $67.97M $151.71M $147.47M $218.08M $315.58M $78.88M -$79.16M
— $4.83B $4.06B $2.76B $3.39B $3.32B $2.08B $1.22B $1.18B $802.27M $926.08M $704.42M $366.16M $582.76M $543.15M $756.02M $794.49M $212.3M -$523.37M
— 35.57% 33.41% 28.15% 32.27% 36.06% 30.04% 20.96% 25.73% 19.87% 26.61% 23.6% 13.01% 19.89% 19.11% 23.83% 25.02% 11.66% -34.43%
— — $0 $0 $74K $253K -$939K -$1.76M -$600K $0 $0 — — — — — — — —
— — — — — $3.32B $2.08B $1.22B — — — — — — — — — — —
— $4.8B $4.11B $2.75B $3.38B $3.37B $2.08B $1.21B $1.17B $799.66M $923.44M $696.31M $355.86M $589.13M $527.65M $737.27M $823.39M $202.21M -$592.27M
USD/shares — $3.68 $3.05 $2.04 $2.43 $2.21 $1.35 $0.78 $0.75 $0.51 $0.59 $0.45 $0.23 $0.35 $0.33 $0.45 $0.48 $0.12 -$0.31
USD/shares — $3.66 $3.04 $2.03 $2.42 $2.19 $1.34G $0.77G $0.75 $0.51 $0.59 $0.45 $0.22 $0.35 $0.32 $0.44 $0.47 $0.12 -$0.31
shares — 1.31B 1.33B 1.35B 1.39B 1.5B 1.54B 1.57B 1.56B 1.56B 1.56B 1.56B 1.62B 1.66B 1.66B 1.67B 1.67B 1.71B 1.7B
shares — 1.32B 1.34B 1.36B 1.4B 1.52B 1.55B 1.58B 1.57B 1.57B 1.57B 1.57B 1.64B 1.68B 1.69B 1.7B 1.7B 1.73B 1.7B
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2009–FY2026: $16.71B in buybacks, $10.96B in dividends.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Latest reported total
USD 5,950,000,000
As of Jun 30, 2023
Tracked instruments
5
Loans, facilities and note series
Annual baseline
Jun 30, 2023
Latest approved annual total
Reported total debt history
As of Reported label Amount Source
2023-06-30 aggregate principal amount of outstanding indebtedness USD 5,950,000,000 10-K filed 2023-08-04
As of June 30, 2023, we had $5.95 billion aggregate principal amount of outstanding indebtedness, consisting of $5.95 billion aggregate principal amount of senior, unsecured long-term notes (the “Senior Notes”) , of which $3.00 billion were issued in the fourth quarter of fiscal 2022. We have a Credit Agreement (the “Credit Agreement”) and a Revolving Credit Facility (the “Revolving Credit Facility”) with a maturity date of June 8, 2027 with two one-year extension options that allows us to borrow up to $1.50 billion. Subject to the terms of the Credit Agreement, the Revolving Credit Facility may be increased by an amount up to $250.0 million in the aggregate. As of June 30, 2023, we had no outstanding borrowings under our Revolving Credit Facility. We may incur additional indebtedness in the future by accessing the unfunded portion of our Revolving Credit Facility and/or entering into new financing arrangements. We also announced a stock repurchase program, under which the remaining available for repurchases was $1.91 billion as of June 30, 2023. A large portion of the remaining repurchases may be financed with new indebtedness. Our ability to pay interest and repay the principal amount of our current indebtedness is dependent upon our ability to manage our business operations, our credit rating, the ongoing interest rate environment and the other risk factors discussed in this Item 1A. There can be no assurance that we will be able to manage any of these risks successfully.
2022-09-30 aggregate principal amount of outstanding indebtedness USD 6,380,000,000 10-Q filed 2022-10-28
As of September 30, 2022, we had $6.38 billion aggregate principal amount of outstanding indebtedness, consisting of $5.95 billion aggregate principal amount of senior, unsecured long-term notes, of which $3.00 billion were issued in the fourth quarter of fiscal 2022. We have a Credit Agreement and a Revolving Credit Facility with a maturity date of June 8, 2027 with two one-year extension options that allows us to borrow up to $1.50 billion. Subject to the terms of the Credit Agreement, the Revolving Credit Facility may be increased by an amount up to $250.0 million in the aggregate. As of September 30, 2022, we had an aggregate principal amount of $425.0 million outstanding under our Revolving Credit Facility. We may incur additional indebtedness in the future by accessing the unfunded portion of our Revolving Credit Facility and/or entering into new

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balanceAs ofAmountSource
Long-term debt, including current maturities 2026-06-30 USD 5,887,415,000 10-K filed 2026-08-06
Operating lease liabilities 2026-06-30 USD 264,298,000 10-K filed 2026-08-06
Related accounting measures — not additional borrowing

Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.

Current operating lease liabilities
USD 52,937,000
Noncurrent operating lease liabilities
USD 211,361,000
9 filing observations remain unmatched and are excluded from instrument histories.
Instrument and agreement coverage is incomplete. Additional filings are awaiting review.
Some debt data could not be processed yet.
9 filings have incomplete source or extraction coverage. Verified observations are shown; missing observations do not establish that debt was unchanged.

Covenants

Some sections could not be verified in 2 agreement documents. Other restrictions or tests may apply.

Covenant terms have not yet been verified for this profile.

The balance figures do not establish whether covenants apply or whether the company complies with them.

Loans, facilities and notes

4.650% Senior Notes due 2032

Note · KLA Corporation

Reference: 4.650% Senior Notes due 2032

Active
Original principal
USD 1,000,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Jul 15, 2032

Last reported interest terms: 4.65% Reported 2022-06-24 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2022-06-23 Original principal USD 1,000,000,000 Exact source document Parent 8-K filing · 2022-06-24
    On June 23, 2022, KLA Corporation (the “Company”) issued $1,000,000,000 aggregate principal amount of its 4.650% Senior Notes due 2032 (the “2032 Notes”), $1,200,000,000 aggregate principal amount of its 4.950% Senior Notes due 2052 (the “2052 Notes”), and $800,000,000 aggregate principal amount of its 5.250% Senior Notes due 2062 (the “2062 Notes” and, together with the 2032 Notes and the 2052 Notes, the “Notes”) pursuant to an Indenture, dated as of June 23, 2022 (the “Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee. The Notes were offered and sold in a public offering pursuant to the Company’s registration statement on Form S-3 (File No. 333-265497) (the “Registration Statement”), including the base prospectus contained therein, filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”), a preliminary prospectus supplement, dated June 21, 2022 and a related final prospectus supplement, dated June 21, 2022.
    Issuer evidence: On June 23, 2022, KLA Corporation (the “Company”) issued $1,000,000,000 aggregate principal amount of its 4.650% Senior Notes due 2032 (the “2032 Notes”), $1,200,000,000 aggregate principal amount of its 4.950% Senior Notes due 2052 (the “2052 Notes”), and $800,000,000 aggregate principal amount of its 5.250% Senior Notes due 2062 (the “2062 Notes” and, together with the 2032 Notes and the 2052 Notes, the “Notes”) pursuant to an Indenture, dated as of June 23, 2022 (the “Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee. The Notes were offered and sold in a public offering pursuant to the Company’s registration statement on Form S-3 (File No. 333-265497) (the “Registration Statement”), including the base prospectus contained therein, filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”), a preliminary prospectus supplement, dated June 21, 2022 and a related final prospectus supplement, dated June 21, 2022.
    Supporting evidence: The 2032 Notes bear interest at a rate of 4.650% per year and will mature on July 15, 2032, the 2052 Notes bear interest at a rate of 4.950% per year and will mature on July 15, 2052, and the 2062 Notes bear interest at a rate of 5.250% per year and will mature on July 15, 2062. Interest on the Notes is payable on January 15 and July 15 of each year, beginning on January 15, 2023.
    Supporting evidence: On June 23, 2022, KLA Corporation (the “Company”) issued $1,000,000,000 aggregate principal amount of its 4.650% Senior Notes due 2032 (the “2032 Notes”), $1,200,000,000 aggregate principal amount of its 4.950% Senior Notes due 2052 (the “2052 Notes”), and $800,000,000 aggregate principal amount of its 5.250% Senior Notes due 2062 (the “2062 Notes” and, together with the 2032 Notes and the 2052 Notes, the “Notes”) pursuant to an Indenture, dated as of June 23, 2022 (the “Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee. The Notes were offered and sold in a public offering pursuant to the Company’s registration statement on Form S-3 (File No. 333-265497) (the “Registration Statement”), including the base prospectus contained therein, filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”), a preliminary prospectus supplement, dated June 21, 2022 and a related final prospectus supplement, dated June 21, 2022.
    Supporting evidence: On June 23, 2022, KLA Corporation (the “Company”) issued $1,000,000,000 aggregate principal amount of its 4.650% Senior Notes due 2032 (the “2032 Notes”), $1,200,000,000 aggregate principal amount of its 4.950% Senior Notes due 2052 (the “2052 Notes”), and $800,000,000 aggregate principal amount of its 5.250% Senior Notes due 2062 (the “2062 Notes” and, together with the 2032 Notes and the 2052 Notes, the “Notes”) pursuant to an Indenture, dated as of June 23, 2022 (the “Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee. The Notes were offered and sold in a public offering pursuant to the Company’s registration statement on Form S-3 (File No. 333-265497) (the “Registration Statement”), including the base prospectus contained therein, filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”), a preliminary prospectus supplement, dated June 21, 2022 and a related final prospectus supplement, dated June 21, 2022.

3.300% Senior Notes due 2050

Note · KLA Corporation

Reference: 3.300% Senior Notes due 2050

Active
Original principal
USD 750,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Mar 1, 2050

Last reported interest terms: 3.3% Reported 2020-03-03 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2020-02-28 Original principal USD 750,000,000 Exact source document Parent 8-K filing · 2020-03-03
    On February 28, 2020, KLA Corporation (f/k/a KLA-Tencor Corporation) (“KLA”) issued $750,000,000 aggregate principal amount of its 3.300% Senior Notes due 2050 (the “Notes”) pursuant to an indenture, dated as of November 6, 2014 (the “Indenture”), between KLA and Wells Fargo Bank, National Association, as trustee. The Notes were issued and sold in a public offering pursuant to KLA’s registration statement on Form S-3ASR (File No. 333-222827) (the “Registration Statement”), including the prospectus contained therein, filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended, a preliminary prospectus supplement dated February 19, 2020 and a related final prospectus supplement dated February 19, 2020.
    Issuer evidence: On February 28, 2020, KLA Corporation (f/k/a KLA-Tencor Corporation) (“KLA”) issued $750,000,000 aggregate principal amount of its 3.300% Senior Notes due 2050 (the “Notes”) pursuant to an indenture, dated as of November 6, 2014 (the “Indenture”), between KLA and Wells Fargo Bank, National Association, as trustee. The Notes were issued and sold in a public offering pursuant to KLA’s registration statement on Form S-3ASR (File No. 333-222827) (the “Registration Statement”), including the prospectus contained therein, filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended, a preliminary prospectus supplement dated February 19, 2020 and a related final prospectus supplement dated February 19, 2020.
    Supporting evidence: The Notes bear interest at a rate of 3.300% per year and will mature on March 1, 2050. Interest on the Notes is payable on March 1 and September 1 of each year, beginning on September 1, 2020.
    Supporting evidence: On February 28, 2020, KLA Corporation (f/k/a KLA-Tencor Corporation) (“KLA”) issued $750,000,000 aggregate principal amount of its 3.300% Senior Notes due 2050 (the “Notes”) pursuant to an indenture, dated as of November 6, 2014 (the “Indenture”), between KLA and Wells Fargo Bank, National Association, as trustee. The Notes were issued and sold in a public offering pursuant to KLA’s registration statement on Form S-3ASR (File No. 333-222827) (the “Registration Statement”), including the prospectus contained therein, filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended, a preliminary prospectus supplement dated February 19, 2020 and a related final prospectus supplement dated February 19, 2020.
    Supporting evidence: On February 28, 2020, KLA Corporation (f/k/a KLA-Tencor Corporation) (“KLA”) issued $750,000,000 aggregate principal amount of its 3.300% Senior Notes due 2050 (the “Notes”) pursuant to an indenture, dated as of November 6, 2014 (the “Indenture”), between KLA and Wells Fargo Bank, National Association, as trustee. The Notes were issued and sold in a public offering pursuant to KLA’s registration statement on Form S-3ASR (File No. 333-222827) (the “Registration Statement”), including the prospectus contained therein, filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended, a preliminary prospectus supplement dated February 19, 2020 and a related final prospectus supplement dated February 19, 2020.

4.950% Senior Notes due 2052

Note · KLA Corporation

Reference: 4.950% Senior Notes due 2052

Active
Original principal
USD 1,200,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Jul 15, 2052

Last reported interest terms: 4.95% Reported 2022-06-24 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2022-06-23 Original principal USD 1,200,000,000 Exact source document Parent 8-K filing · 2022-06-24
    On June 23, 2022, KLA Corporation (the “Company”) issued $1,000,000,000 aggregate principal amount of its 4.650% Senior Notes due 2032 (the “2032 Notes”), $1,200,000,000 aggregate principal amount of its 4.950% Senior Notes due 2052 (the “2052 Notes”), and $800,000,000 aggregate principal amount of its 5.250% Senior Notes due 2062 (the “2062 Notes” and, together with the 2032 Notes and the 2052 Notes, the “Notes”) pursuant to an Indenture, dated as of June 23, 2022 (the “Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee. The Notes were offered and sold in a public offering pursuant to the Company’s registration statement on Form S-3 (File No. 333-265497) (the “Registration Statement”), including the base prospectus contained therein, filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”), a preliminary prospectus supplement, dated June 21, 2022 and a related final prospectus supplement, dated June 21, 2022.
    Issuer evidence: On June 23, 2022, KLA Corporation (the “Company”) issued $1,000,000,000 aggregate principal amount of its 4.650% Senior Notes due 2032 (the “2032 Notes”), $1,200,000,000 aggregate principal amount of its 4.950% Senior Notes due 2052 (the “2052 Notes”), and $800,000,000 aggregate principal amount of its 5.250% Senior Notes due 2062 (the “2062 Notes” and, together with the 2032 Notes and the 2052 Notes, the “Notes”) pursuant to an Indenture, dated as of June 23, 2022 (the “Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee. The Notes were offered and sold in a public offering pursuant to the Company’s registration statement on Form S-3 (File No. 333-265497) (the “Registration Statement”), including the base prospectus contained therein, filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”), a preliminary prospectus supplement, dated June 21, 2022 and a related final prospectus supplement, dated June 21, 2022.
    Supporting evidence: The 2032 Notes bear interest at a rate of 4.650% per year and will mature on July 15, 2032, the 2052 Notes bear interest at a rate of 4.950% per year and will mature on July 15, 2052, and the 2062 Notes bear interest at a rate of 5.250% per year and will mature on July 15, 2062. Interest on the Notes is payable on January 15 and July 15 of each year, beginning on January 15, 2023.
    Supporting evidence: On June 23, 2022, KLA Corporation (the “Company”) issued $1,000,000,000 aggregate principal amount of its 4.650% Senior Notes due 2032 (the “2032 Notes”), $1,200,000,000 aggregate principal amount of its 4.950% Senior Notes due 2052 (the “2052 Notes”), and $800,000,000 aggregate principal amount of its 5.250% Senior Notes due 2062 (the “2062 Notes” and, together with the 2032 Notes and the 2052 Notes, the “Notes”) pursuant to an Indenture, dated as of June 23, 2022 (the “Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee. The Notes were offered and sold in a public offering pursuant to the Company’s registration statement on Form S-3 (File No. 333-265497) (the “Registration Statement”), including the base prospectus contained therein, filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”), a preliminary prospectus supplement, dated June 21, 2022 and a related final prospectus supplement, dated June 21, 2022.
    Supporting evidence: On June 23, 2022, KLA Corporation (the “Company”) issued $1,000,000,000 aggregate principal amount of its 4.650% Senior Notes due 2032 (the “2032 Notes”), $1,200,000,000 aggregate principal amount of its 4.950% Senior Notes due 2052 (the “2052 Notes”), and $800,000,000 aggregate principal amount of its 5.250% Senior Notes due 2062 (the “2062 Notes” and, together with the 2032 Notes and the 2052 Notes, the “Notes”) pursuant to an Indenture, dated as of June 23, 2022 (the “Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee. The Notes were offered and sold in a public offering pursuant to the Company’s registration statement on Form S-3 (File No. 333-265497) (the “Registration Statement”), including the base prospectus contained therein, filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”), a preliminary prospectus supplement, dated June 21, 2022 and a related final prospectus supplement, dated June 21, 2022.

5.250% Senior Notes due 2062

Note · KLA Corporation

Reference: 5.250% Senior Notes due 2062

Active
Original principal
USD 800,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Jul 15, 2062

Last reported interest terms: 5.25% Reported 2022-06-24 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2022-06-23 Original principal USD 800,000,000 Exact source document Parent 8-K filing · 2022-06-24
    On June 23, 2022, KLA Corporation (the “Company”) issued $1,000,000,000 aggregate principal amount of its 4.650% Senior Notes due 2032 (the “2032 Notes”), $1,200,000,000 aggregate principal amount of its 4.950% Senior Notes due 2052 (the “2052 Notes”), and $800,000,000 aggregate principal amount of its 5.250% Senior Notes due 2062 (the “2062 Notes” and, together with the 2032 Notes and the 2052 Notes, the “Notes”) pursuant to an Indenture, dated as of June 23, 2022 (the “Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee. The Notes were offered and sold in a public offering pursuant to the Company’s registration statement on Form S-3 (File No. 333-265497) (the “Registration Statement”), including the base prospectus contained therein, filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”), a preliminary prospectus supplement, dated June 21, 2022 and a related final prospectus supplement, dated June 21, 2022.
    Issuer evidence: On June 23, 2022, KLA Corporation (the “Company”) issued $1,000,000,000 aggregate principal amount of its 4.650% Senior Notes due 2032 (the “2032 Notes”), $1,200,000,000 aggregate principal amount of its 4.950% Senior Notes due 2052 (the “2052 Notes”), and $800,000,000 aggregate principal amount of its 5.250% Senior Notes due 2062 (the “2062 Notes” and, together with the 2032 Notes and the 2052 Notes, the “Notes”) pursuant to an Indenture, dated as of June 23, 2022 (the “Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee. The Notes were offered and sold in a public offering pursuant to the Company’s registration statement on Form S-3 (File No. 333-265497) (the “Registration Statement”), including the base prospectus contained therein, filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”), a preliminary prospectus supplement, dated June 21, 2022 and a related final prospectus supplement, dated June 21, 2022.
    Supporting evidence: The 2032 Notes bear interest at a rate of 4.650% per year and will mature on July 15, 2032, the 2052 Notes bear interest at a rate of 4.950% per year and will mature on July 15, 2052, and the 2062 Notes bear interest at a rate of 5.250% per year and will mature on July 15, 2062. Interest on the Notes is payable on January 15 and July 15 of each year, beginning on January 15, 2023.
    Supporting evidence: On June 23, 2022, KLA Corporation (the “Company”) issued $1,000,000,000 aggregate principal amount of its 4.650% Senior Notes due 2032 (the “2032 Notes”), $1,200,000,000 aggregate principal amount of its 4.950% Senior Notes due 2052 (the “2052 Notes”), and $800,000,000 aggregate principal amount of its 5.250% Senior Notes due 2062 (the “2062 Notes” and, together with the 2032 Notes and the 2052 Notes, the “Notes”) pursuant to an Indenture, dated as of June 23, 2022 (the “Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee. The Notes were offered and sold in a public offering pursuant to the Company’s registration statement on Form S-3 (File No. 333-265497) (the “Registration Statement”), including the base prospectus contained therein, filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”), a preliminary prospectus supplement, dated June 21, 2022 and a related final prospectus supplement, dated June 21, 2022.
    Supporting evidence: On June 23, 2022, KLA Corporation (the “Company”) issued $1,000,000,000 aggregate principal amount of its 4.650% Senior Notes due 2032 (the “2032 Notes”), $1,200,000,000 aggregate principal amount of its 4.950% Senior Notes due 2052 (the “2052 Notes”), and $800,000,000 aggregate principal amount of its 5.250% Senior Notes due 2062 (the “2062 Notes” and, together with the 2032 Notes and the 2052 Notes, the “Notes”) pursuant to an Indenture, dated as of June 23, 2022 (the “Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee. The Notes were offered and sold in a public offering pursuant to the Company’s registration statement on Form S-3 (File No. 333-265497) (the “Registration Statement”), including the base prospectus contained therein, filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”), a preliminary prospectus supplement, dated June 21, 2022 and a related final prospectus supplement, dated June 21, 2022.

3.300% Senior Notes due 2050

Note · KLA Corporation

Reference: 3.300% Senior Notes due 2050

Active
Original principal
USD 750,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
—

Last reported interest terms: 3.3% Reported 2020-02-24 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2020-02-19 Original principal USD 750,000,000 Exact source document Parent 8-K filing · 2020-02-24
    On February 19, 2020, KLA Corporation, a Delaware corporation (“KLA”), entered into an underwriting agreement (the “Underwriting Agreement”), dated as of February 19, 2020, by and among KLA and Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC as representatives of the several underwriters named therein (the “Underwriters”), relating to the issuance and sale by KLA of $750,000,000 aggregate principal amount of 3.300% Senior Notes due 2050 (the “Notes”). The Notes were issued and sold in a public offering pursuant to KLA’s registration statement (the “Registration Statement”) on Form S-3 (File No. 333-222827), including the prospectus contained therein, filed with the Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended, a preliminary prospectus supplement dated February 19, 2020 and a related final prospectus supplement dated February 19, 2020. The transaction is expected to close on February 28, 2020.
    Issuer evidence: On February 19, 2020, KLA Corporation, a Delaware corporation (“KLA”), entered into an underwriting agreement (the “Underwriting Agreement”), dated as of February 19, 2020, by and among KLA and Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC as representatives of the several underwriters named therein (the “Underwriters”), relating to the issuance and sale by KLA of $750,000,000 aggregate principal amount of 3.300% Senior Notes due 2050 (the “Notes”). The Notes were issued and sold in a public offering pursuant to KLA’s registration statement (the “Registration Statement”) on Form S-3 (File No. 333-222827), including the prospectus contained therein, filed with the Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended, a preliminary prospectus supplement dated February 19, 2020 and a related final prospectus supplement dated February 19, 2020. The transaction is expected to close on February 28, 2020.
    Supporting evidence: On February 19, 2020, KLA Corporation, a Delaware corporation (“KLA”), entered into an underwriting agreement (the “Underwriting Agreement”), dated as of February 19, 2020, by and among KLA and Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC as representatives of the several underwriters named therein (the “Underwriters”), relating to the issuance and sale by KLA of $750,000,000 aggregate principal amount of 3.300% Senior Notes due 2050 (the “Notes”). The Notes were issued and sold in a public offering pursuant to KLA’s registration statement (the “Registration Statement”) on Form S-3 (File No. 333-222827), including the prospectus contained therein, filed with the Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended, a preliminary prospectus supplement dated February 19, 2020 and a related final prospectus supplement dated February 19, 2020. The transaction is expected to close on February 28, 2020.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue
16.32×
Peer median 8.95×
EV/EBIT
—
Peer median 41.31×
P/E (TTM)
45.46×
Peer median 46.09×

Peer medians compare against the 5 similar-size Semiconductor Equipment & Materials companies (of 30 listed).

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component FY2026 FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019
Semiconductor Process Control $12,244,733,000 $10,947,359,000 $8,733,556,000 $9,324,190,000 $7,924,822,000 $5,734,825,000 $4,745,446,000 $4,080,822,000
PCB and Component Inspection $750,415,000 $621,721,000 $552,491,000 $631,604,000 $832,176,000 $812,620,000 $727,451,000 $332,810,000
Specialty Semiconductor Process $584,064,000 $587,107,000 $528,701,000 $543,398,000 $456,579,000 $369,216,000 $329,700,000 $151,164,000
All Other Segments — — — — — — $3,614,000 $4,676,000

By Geography (USD)

Component FY2026 FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019
China $4,048,358,000 $4,042,567,000 $4,196,727,000 $2,867,443,000 $2,660,438,000 $1,831,446,000 $1,495,977,000 $1,215,807,000
Taiwan $3,643,742,000 $3,205,392,000 $1,738,065,000 $2,493,379,000 $2,528,482,000 $1,690,558,000 $1,598,201,000 $1,105,726,000
South Korea $1,833,836,000 $1,452,826,000 $906,924,000 $1,895,710,000 $1,430,495,000 $1,343,473,000 $911,848,000 $584,091,000
North America $1,757,337,000 $1,362,311,000 $1,070,791,000 $1,254,956,000 $928,043,000 $765,974,000 $651,328,000 $596,452,000
Japan $915,111,000 $1,133,002,000 $963,203,000 $888,016,000 $724,773,000 $639,381,000 $660,772,000 $581,529,000
Europe and Israel $726,693,000 $574,197,000 $540,263,000 $682,103,000 $636,664,000 $396,422,000 $322,085,000 $305,924,000
Rest of Asia $654,399,000 $385,867,000 $396,274,000 $414,449,000 $302,988,000 $251,480,000 $166,213,000 $179,375,000

By Product & Service (USD)

Component FY2026 FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019
Wafer Inspection $6,630,813,000 $6,198,815,000 $4,333,296,000 $4,336,663,000 $4,014,726,000 $2,661,167,000 $2,080,484,000 $1,630,899,000
Service $3,125,939,000 $2,683,308,000 $2,329,568,000 $2,117,031,000 $1,910,455,000 $1,678,418,000 $1,477,699,000 $1,176,661,000
Patterning $2,706,763,000 $2,196,347,000 $2,054,442,000 $2,791,130,000 $2,050,025,000 $1,505,990,000 $1,278,382,000 $1,161,263,000
Specialty Semiconductor Process $502,519,000 $517,201,000 $470,565,000 $492,109,000 $414,811,000 $304,627,000 $269,667,000 $129,854,000
PCB and Component Inspection $460,320,000 $355,891,000 $291,161,000 $378,030,000 $562,464,000 $562,104,000 $497,026,000 $238,275,000
Other Revenue $153,122,000 $204,600,000 $333,215,000 $381,093,000 $259,402,000 $206,428,000 $203,166,000 $231,952,000
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