KLA Corporation (KLAC) Q3 2025 10-Q Quarterly Report
KLA Corporation (KLAC) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 31, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
KLA Corporation Q3 2025 10-Q Analysis
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
KLA Corporation Q3 2025 Quarterly FinancialsXBRL
Revenue
$3.2B
▲ +13.0% YoY
Net Income
$1.1B
▲ +18.5% YoY
Net Margin
34.9%
▲ +164bp YoY
EPS (Diluted)
$8.47
▲ +20.8% YoY
Operating Cash Flow
$1.2B
▲ +16.7% YoY
Source: XBRL data from KLA Corporation Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
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