Short answer
KLA Corporation (KLAC) filed its Q3 2025 10-Q quarterly report on Oct 31, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $3.2B (up 13.0% year over year) with net income of $1.1B.
Q3 2025 key financials · XBRL
- Revenue
- $3.2B
- +13.0% YoY
- Net income
- $1.1B
- +18.5% YoY
- EPS (diluted)
- $8.47
- +20.8% YoY
Source: XBRL data from the KLA Corporation (KLAC) Q3 2025 10-Q on SEC EDGAR. USD.
KLA Corporation Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Working capital $6.85B as of Sep 30, 2025, up $238.2M from $6.61B on Jun 30, 2025
- Cash, cash equivalents, and marketable securities $4.68B; $1.50B available under Revolving Credit Facility
- Liquidity considered sufficient for working capital, capital expenditures, dividends, stock repurchases through next 12 months
- Credit ratings: Fitch A, Moody’s A2, S&P A- as of Sep 30, 2025
- No off-balance sheet arrangements materially impacting financial position or operations
Risk Factors
- New export restrictions: 2025 BIS Rules incrementally restrict sales to China, adding companies to Entity List, redefining advanced DRAM, triggered by U.S. Commerce policy updates
- Updated tax regime risk: OBBBA effective July 2025 changes GILTI and FDII rules, potentially materially increasing effective tax rate and CAMT exposure
- Compliance risk: September 2025 Affiliates Rule imposes expanded ownership knowledge requirements on export transactions, increasing risk of violations and penalties
- Supply chain risk: Chinese 2025 export controls on 12 rare earth elements jeopardize critical component availability, risking product delays and increased costs
- Revenue concentration risk: China sales dropped to 33% in FY25 from 43% in FY24 due to export restrictions, threatening near-term revenue stability
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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