KLA Corporation (KLAC) Q4 2025 10-Q Quarterly Report
KLA Corporation (KLAC) 10-Q quarterly report for Q4 2025, filed with SEC EDGAR on Jan 30, 2026 for the fiscal period ending Dec 31, 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 Q4 2025 10-Q Analysis
Management Discussion & Analysis
- • Working capital $7.28B Dec 2025, up $668.3M from $6.61B June 2025
- • Cash, cash equivalents, marketable securities $5.21B plus $1.50B Revolving Credit Facility availability
- • Liquidity sufficient for operations, capex, dividends, stock repurchases for next 12 months
- • Credit ratings: Fitch A, Moody’s A2, S&P A- as of Dec 31, 2025
- • No off-balance sheet arrangements materially affecting financial position or results
Risk Factors
- • New risk: 2025 BIS Rules and Affiliates Rule suspend/revised, expanding export controls and compliance complexity in China with suspension extended to Nov 2026
- • Updated regulatory risk: OBBBA tax law effective July 2025 modifies GILTI and FDII rules, materially affecting effective tax rate going forward
- • Highest impact legal risk: U.S. Export controls, including Oct 2023 and 2024-25 BIS incremental rules, severely restrict sales to China-based semiconductor companies, causing potential revenue disruption
- • Operational risk: DRAM chip shortages due to supplier discontinuations increased procurement costs, negatively impacting gross margin in calendar 2026
- • Financial risk: China sales declined to 33% of revenue in 2025 from 43% in 2024 due to export restrictions, risking revenue concentration and liquidity from lost orders
KLA Corporation Q4 2025 Quarterly FinancialsXBRL
Revenue
$3.3B
▲ +7.2% YoY▲ +2.7% QoQ
Net Income
$1.1B
▲ +39.0% YoY▲ +2.2% QoQ
Net Margin
34.7%
▲ +795bp YoY▼ -18bp QoQ
ROE
21.0%
▼ -204bp YoY
Total Assets
$16.7B
▲ +11.5% YoY
EPS (Diluted)
$8.68
▲ +40.9% YoY▲ +2.5% QoQ
Operating Cash Flow
$1.4B
▲ +61.0% YoY▲ +17.7% QoQ
Source: XBRL data from KLA Corporation Q4 2025 10-Q filing on SEC EDGAR. All figures in USD.
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