Stock Analysis on Net
Stock Analysis on Net

KLA Corp. (NASDAQ:KLAC)

Common-Size Income Statement 
Quarterly Data

KLA Corp., common-size consolidated income statement (quarterly data)

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3 months ended: Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018
Product 77.33 76.10 74.98 77.28 76.62 77.13 78.25 82.56 80.59 79.43 78.68 80.58 78.22 76.94 76.25 74.99 74.45 73.66 73.81 75.83 74.85 72.92 72.29 76.10 75.85
Service 22.67 23.90 25.02 22.72 23.38 22.87 21.75 17.44 19.41 20.57 21.32 19.42 21.78 23.06 23.75 25.01 25.55 26.34 26.19 24.17 25.15 27.08 27.71 23.90 24.15
Revenues 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Costs of revenues -40.38 -39.34 -42.12 -39.28 -39.50 -40.89 -41.33 -40.51 -38.22 -39.35 -38.98 -38.60 -39.04 -40.11 -39.34 -40.57 -40.33 -42.58 -41.44 -41.98 -42.75 -47.10 -44.38 -36.46 -34.89
Gross margin 59.62% 60.66% 57.88% 60.72% 60.50% 59.11% 58.67% 59.49% 61.78% 60.65% 61.02% 61.40% 60.96% 59.89% 60.66% 59.43% 59.67% 57.42% 58.56% 58.02% 57.25% 52.90% 55.62% 63.54% 65.11%
Research and development -11.37 -12.68 -13.63 -12.89 -12.98 -13.46 -13.49 -11.15 -11.69 -11.94 -12.46 -11.27 -12.39 -12.54 -13.25 -13.88 -14.24 -14.87 -15.13 -14.62 -14.90 -16.43 -16.85 -14.81 -14.04
Selling, general and administrative -8.83 -9.93 -10.06 -9.54 -10.00 -10.65 -9.80 -8.15 -9.32 -9.52 -9.46 -9.07 -9.27 -9.97 -10.15 -11.02 -11.22 -11.50 -13.05 -12.74 -13.33 -15.10 -16.60 -10.04 -10.47
Impairment of goodwill and purchased intangible assets 0.00 0.00 -2.99 -8.81 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -18.02 0.00 0.00 0.00 0.00 0.00 0.00
Income from operations 39.41% 38.05% 31.20% 29.49% 37.51% 35.00% 35.38% 40.19% 40.77% 39.19% 39.10% 41.06% 39.29% 37.38% 37.26% 34.54% 34.21% 31.05% 12.36% 30.66% 29.03% 21.37% 22.17% 38.69% 40.60%
Interest expense -2.89 -3.22 -3.39 -2.98 -3.10 -3.12 -3.07 -2.49 -2.73 -1.78 -1.75 -1.61 -1.84 -2.08 -2.17 -2.36 -2.56 -2.76 -2.76 -2.68 -2.85 -3.22 -2.84 -2.37 -2.41
Loss on extinguishment of debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.49 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1.58 0.00 0.00 0.00 0.00 0.00 0.00
Other income (expense), net 1.44 1.97 1.93 1.29 1.12 1.05 0.61 0.61 1.73 0.78 -0.38 -0.05 -0.68 1.51 0.41 -0.24 -0.21 -0.54 0.07 0.17 0.11 0.23 0.85 0.82 0.92
Income before income taxes 37.96% 36.79% 29.75% 27.80% 35.53% 32.93% 32.91% 38.30% 39.28% 38.19% 36.98% 39.40% 36.78% 36.81% 35.50% 31.95% 31.44% 27.75% 8.09% 28.15% 26.29% 18.38% 20.18% 37.14% 39.11%
(Provision) benefit for income taxes -4.67 -4.23 -4.26 -4.37 -4.60 -3.86 -4.23 -5.50 -1.61 -5.80 -5.05 -8.90 14.50 -3.94 -4.06 -4.27 -4.14 0.36 -2.61 -2.96 -1.78 -1.11 -2.62 -4.18 -2.89
Net income 33.29% 32.56% 25.49% 23.43% 30.93% 29.07% 28.69% 32.80% 37.66% 32.39% 31.93% 30.50% 51.27% 32.88% 31.44% 27.68% 27.31% 28.11% 5.48% 25.19% 24.51% 17.27% 17.56% 32.96% 36.22%
Net (income) loss attributable to non-controlling interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.02 0.03 0.06 0.03 0.02 0.01 0.04 0.01 0.00 0.00
Net income attributable to KLA 33.29% 32.56% 25.49% 23.43% 30.93% 29.07% 28.69% 32.80% 37.66% 32.39% 31.92% 30.50% 51.27% 32.87% 31.46% 27.70% 27.33% 28.18% 5.51% 25.21% 24.52% 17.31% 17.56% 32.96% 36.22%

Based on: 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30).

Income statement item Description The company
Income from operations The net result for the period of deducting operating expenses from operating revenues. KLA Corp. income from operations as a percentage of revenues increased from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. KLA Corp. income before income taxes as a percentage of revenues increased from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.
Net income attributable to KLA The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. KLA Corp. net income attributable to KLA as a percentage of revenues increased from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.