KLA Corporation reported significant financial growth for the fiscal year ending June 30, 2025, with total revenues reaching $12.16 billion, a 24% increase from $9.81 billion in the previous fiscal year. The company's net income attributable to KLA also rose to $4.06 billion, up from $2.76 billion in fiscal 2024, resulting in a diluted net income per share of $30.37, compared to $20.28 the prior year. The gross margin improved to 60.9%, reflecting effective cost management and increased revenue volume.
The fiscal year saw notable changes in revenue sources, with product revenues increasing by 27% to $9.47 billion, while service revenues grew by 15% to $2.68 billion. The Semiconductor Process Control segment was the largest contributor, generating $10.95 billion, a 25% increase from the previous year. However, revenue from customers in China decreased to 33% of total revenues, down from 43% in fiscal 2024, attributed to stricter U.S. export controls and a normalization of investment levels following a post-pandemic surge.
Strategically, KLA made significant operational adjustments, including the decision to exit the Display business, which resulted in a goodwill impairment charge of $230.4 million. The company also continued to invest heavily in research and development, with R&D expenses rising to $1.36 billion, representing 11% of total revenues. This investment is aimed at maintaining KLA's competitive edge in the semiconductor industry, particularly in advanced packaging and AI technologies.
KLA's workforce as of June 30, 2025, comprised approximately 15,000 full-time employees, with a voluntary turnover rate of under 3.8%. The company maintained a strong liquidity position, with cash, cash equivalents, and marketable securities totaling $4.49 billion. KLA also announced a quarterly cash dividend of $1.90 per share, marking its 16th consecutive annual dividend increase, and continued its stock repurchase program, with $5.03 billion remaining for future buybacks.
Looking ahead, KLA anticipates continued growth driven by demand for advanced semiconductor technologies and increased investments in process control. However, the company remains cautious about potential impacts from geopolitical tensions, regulatory changes, and market conditions that could affect customer spending and operational performance.
About KLA CORP
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