KLA (KLAC) 10-K Summary — Year Ended Jun 30, 2024
KLA Corporation's revenue declined compared to the prior year, while net income and operating cash flow remained positive. The company's cash and marketable securities position increased, supported by operating cash flows and debt issuance, partly offset by share repurchases and dividends.
Key takeaway
Year ended Jun 30, 2024 · FY2025 10-K
KLA Corporation's revenue declined compared to the prior year, while net income and operating cash flow remained positive. The company's cash and marketable securities position increased, supported by operating cash flows and debt issuance, partly offset by share repurchases and dividends.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$9.8B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$2.8B
Net income reported for the year.
Operating cash flow
$3.3B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2021 | $6.9B | n/a |
| Jun 30, 2022 | $9.2B | +33.1% |
| Jun 30, 2023 | $10.5B | +13.9% |
| Jun 30, 2024 | $9.8B | -6.5% |
Business overview
The provided filing context for business overview lists only standard item numbers without a detailed description of the company's operations or products. No further business information is available from the supplied sections.
Financial performance
Revenue increased in the two prior fiscal years but decreased in the most recent fiscal year compared to the previous one. Net income and cash flow from operations remained at robust levels despite the revenue decline.
Material risks
The risk factors section in the filing context only references item numbers and does not include specific risk descriptions. No material risks are detailed in the supplied text.
Liquidity and capital
The company's cash, cash equivalents, and marketable securities increased, driven by operating cash flows and proceeds from debt issuance. Uses of cash included stock repurchases, dividend payments, and capital expenditures.
What to watch
In the next filing, monitor whether the company can reverse the recent revenue decline or if further deterioration occurs.