00003192012024Q2false408875-300000003192012024-01-252024-01-25

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 25, 2024
KLA CORPORATION
(Exact name of registrant as specified in its charter)
Delaware000-0999204-2564110
(State or other jurisdiction of incorporation)(Commission File Number)(I.R.S. Employer Identification No.)
One Technology DriveMilpitasCalifornia95035
(Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code:(408) 875-3000
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $0.001 par value per shareKLACThe Nasdaq Stock Market, LLC
The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐




Item 2.02Results of Operations and Financial Condition.
On January 25, 2024, KLA Corporation (the “Company”) issued a press release announcing selected financial and operating results for its second quarter of fiscal year 2024. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information in Item 2.02 of this Current Report on Form 8-K and the exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01Financial Statements and Exhibits.
(d)Exhibits
Exhibit No.Description
104Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
KLA CORPORATION
Date: January 25, 2024By:/s/ BREN D. HIGGINS
Name:Bren D. Higgins
Title:Executive Vice President and Chief Financial Officer


Exhibit 99.1
FOR IMMEDIATE RELEASE
Investor Relations:Media Relations:
Kevin Kessel, CFA Mike Dulin
Vice President, Investor RelationsCorporate & KLA Services Communications
(408) 875-6627michael.dulin@kla.com
kevin.kessel@kla.com

KLA Corporation Reports Fiscal 2024 Second Quarter Results

•Total revenues were $2.49 billion, above the midpoint of the guidance range of $2.45 billion +/- $125 million;
•GAAP diluted EPS attributable to KLA was $4.28. Non-GAAP diluted EPS attributable to KLA was $6.16, near the upper end of the guidance range. GAAP EPS was impacted by a $219.0 million impairment charge for goodwill and purchased intangible assets, or $1.59 per diluted share.
•Cash flow from operating activities for the quarter and last twelve months were $622.2 million and $3.48 billion, respectively, and free cash flow was $545.4 million and $3.17 billion, respectively; and
•Capital returns for the quarter and last twelve months were $634.7 million and $2.50 billion, respectively.
MILPITAS, Calif., January 25, 2024 - KLA Corporation (NASDAQ: KLAC) today announced financial and operating results for its second quarter of fiscal year 2024, which ended on December 31, 2023, and reported GAAP net income of $582.5 million and GAAP earnings per diluted share of $4.28 on revenue of $2.49 billion.

“KLA’s December quarter results were ahead of our expectations and capped a solid year that included strong relative margins and free cash flow growth despite a persistently soft market,” said Rick Wallace, president and CEO, KLA Corporation. “While market conditions remain challenging in the near-term, with limited visibility regarding the timing of a resumption in sustainable demand, we believe our business has stabilized around current revenue levels. As we look forward, we are encouraged by the improvement in our customers' businesses across multiple markets and continue to prioritize supporting our customers, executing on our product roadmaps and preparing for growth.”
GAAP Results
Q2 FY 2024Q1 FY 2024Q2 FY 2023
Total Revenue$2,487 million$2,397 million$2,984 million
Net Income Attributable to KLA$583 million$741 million$979 million
Net Income per Diluted Share Attributable to KLA$4.28$5.41$6.89
Non-GAAP Results
Q2 FY 2024Q1 FY 2024Q2 FY 2023
Net Income Attributable to KLA$839 million$786 million$1,048 million
Net Income per Diluted Share Attributable to KLA$6.16$5.74$7.38
A reconciliation between GAAP operating results and non-GAAP operating results is provided following the financial statements included in this release. KLA will discuss the results for its fiscal year 2024 second quarter, along with its outlook, on a conference call today beginning at 3:00 p.m. Pacific Time. A webcast of the call will be available at: www.kla.com.
Third Quarter Fiscal 2024 Guidance
The following details our guidance for the third quarter of fiscal 2024 ending in March:
•Total revenues is expected to be in a range of $2.30 billion +/- $125 million
•GAAP gross margin is expected to be in a range of 59.4% +/- 1.0%
•Non-GAAP gross margin is expected to be in a range of 61.5% +/- 1.0%
•GAAP diluted EPS is expected to be in a range of $4.93 +/- $0.60
•Non-GAAP diluted EPS is expected to be in a range of $5.26 +/- $0.60
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For additional details and assumptions underlying our guidance metrics, please see the company’s published Letter to Shareholders, Earnings Slide Presentation and Earnings Infographic on the KLA investor relations website. Such Letter to Shareholders, Earnings Slide Presentation and Earnings Infographic are not incorporated by reference into this earnings release.
About KLA:
KLA Corporation (“KLA”) develops industry-leading equipment and services that enable innovation throughout the electronics industry. We provide advanced process control and process-enabling solutions for manufacturing wafers and reticles, integrated circuits, packaging, printed circuit boards and flat panel displays. In close collaboration with leading customers across the globe, our expert teams of physicists, engineers, data scientists and problem-solvers design solutions that move the world forward. Investors and others should note that KLA announces material financial information including SEC filings, press releases, public earnings calls and conference webcasts using an investor relations website (ir.kla.com). Additional information may be found at: www.kla.com.

Note Regarding Forward-Looking Statements:
Statements in this press release other than historical facts, such as statements pertaining to total revenues, GAAP and non-GAAP gross margin and GAAP and non-GAAP diluted EPS for the quarter ending March 31, 2024, are forward-looking statements and are subject to the Safe Harbor provisions created by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current information and expectations and involve a number of risks and uncertainties. Actual results may differ materially from those projected in such statements due to various factors, including but not limited to: our vulnerability to a weakening in the condition of the financial markets and the global economy; risks related to our international operations; evolving Bureau of Industry and Security of the U.S. Department of Commerce rules and regulations and their impact on our ability to sell products to and provide services to certain customers in China; costly intellectual property disputes that could result in our inability to sell or use the challenged technology; risks related to the legal, regulatory and tax environments in which we conduct our business; increasing attention to ESG matters and the resulting costs, risks and impact on our business; unexpected delays, difficulties and expenses in executing against our environmental, climate, diversity and inclusion or other ESG target, goals and commitments; our ability to attract, retain and motivate key personnel; our vulnerability to disruptions and delays at our third party service providers; cybersecurity threats, cyber incidents affecting our and our business partners’ systems and networks; our inability to access critical information in a timely manner due to system failures; our ability to identify suitable acquisition targets and successfully integrate and manage acquired businesses; climate change, earthquake, flood or other natural catastrophic events, public health crises such as the COVID-19 pandemic or terrorism and the adverse impact on our business operations; the war between Ukraine and Russia, and the war between Israel and Hamas, and the significant military activity in that region; lack of insurance for losses and interruptions caused by terrorists and acts of war, and our self-insurance of certain risks including earthquake risk; risks related to fluctuations in foreign currency exchange rates; risks related to fluctuations in interest rates and the market values of our portfolio investments; risks related to tax and regulatory compliance audits; any change in taxation rules or practices and our effective tax rate; compliance costs with federal securities laws, rules, regulations, NASDAQ requirements, and evolving accounting standards and practices; ongoing changes in the technology industry, and the semiconductor industry in particular, including future growth rates, pricing trends in end-markets, or changes in customer capital spending patterns; our vulnerability to a highly concentrated customer base; the cyclicality of the industries in which we operate; our ability to timely develop new technologies and products that successfully address changes in the industry; our ability to maintain our technology advantage and protect proprietary rights; our ability to compete in the industry; availability and cost of the materials and parts used in the production of our products; our ability to operate our business in accordance with our business plan; risks related to our debt and leveraged capital structure; we may not be able to declare cash dividends at all or in any particular amount; liability to our customers under indemnification provisions if our products fail to operate properly or contain defects or our customers are sued by third parties due to our products; our government funding for R&D is subject to audit, and potential termination or penalties; we may incur significant restructuring charges or other asset impairment charges or inventory write offs; and risks related to receivables factoring arrangements and compliance risk of certain settlement agreements with the government. For other factors that may cause actual results to differ materially from those projected and anticipated in forward-looking statements in this press release, please refer to KLA’s Annual Report on Form 10-K for the year ended June 30, 2023, and other subsequent filings with the Securities and Exchange Commission (including, but not limited to, the risk factors described therein). KLA assumes no obligation to, and does not currently intend to, update these forward-looking statements.

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KLA Corporation
Condensed Consolidated Unaudited Balance Sheets
(In thousands)December 31, 2023June 30, 2023
ASSETS
Current assets:
Cash and cash equivalents$1,665,054 $1,927,865 
Marketable securities1,677,940 1,315,294 
Accounts receivable, net1,843,878 1,753,361 
Inventories3,038,628 2,876,784 
Other current assets523,221 498,728 
Total current assets8,748,721 8,372,032 
Land, property and equipment, net1,088,824 1,031,841 
Goodwill, net2,086,204 2,278,820 
Deferred income taxes902,163 816,899 
Purchased intangible assets, net786,233 935,303 
Other non-current assets668,356 637,462 
Total assets$14,280,501 $14,072,357 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable$376,671 $371,026 
Deferred system revenue884,027 651,720 
Deferred service revenue446,243 416,606 
Current portion of long-term debt749,842 — 
Other current liabilities2,114,214 2,303,490 
Total current liabilities4,570,997 3,742,842 
Long-term debt5,142,884 5,890,736 
Deferred tax liabilities493,968 529,287 
Deferred service revenue221,768 176,681 
Other non-current liabilities807,173 813,058 
Total liabilities11,236,790 11,152,604 
Stockholders’ equity:
Common stock and capital in excess of par value2,154,509 2,107,663 
Retained earnings921,466 848,431 
Accumulated other comprehensive loss(32,264)(36,341)
Total stockholders’ equity3,043,711 2,919,753 
Total liabilities and stockholders’ equity$14,280,501 $14,072,357 


3

KLA Corporation
Condensed Consolidated Unaudited Statements of Operations
Three Months Ended December 31,Six Months Ended December 31,
(In thousands, except per share amounts)2023202220232022
Revenues:
Product$1,921,809 $2,463,408 $3,758,473 $4,659,017 
Service564,917 520,479 1,125,209 1,049,294 
Total revenues2,486,726 2,983,887 4,883,682 5,708,311 
Costs and expenses:
Costs of revenues976,746 1,208,786 1,923,637 2,250,012 
Research and development320,418 332,826 631,632 651,341 
Selling, general and administrative237,244 243,096 476,889 497,076 
Impairment of goodwill and purchased intangible assets219,000 — 219,000 — 
Interest expense74,202 74,280 148,436 148,675 
Loss on extinguishment of debt— — — 13,286 
Other expense (income), net(32,154)(18,074)(58,893)(65,080)
Income before income taxes691,270 1,142,973 1,542,981 2,213,001 
Provision for income taxes108,736 164,178 219,072 208,141 
Net income582,534 978,795 1,323,909 2,004,860 
Less: Net income attributable to non-controlling interest— — — 74 
Net income attributable to KLA$582,534 $978,795 $1,323,909 $2,004,786 
Net income per share attributable to KLA
Basic$4.30 $6.93 $9.74 $14.16 
Diluted$4.28 $6.89 $9.69 $14.09 
Weighted-average number of shares:
Basic135,539 141,299 135,976 141,564 
Diluted136,254 141,966 136,684 142,268 

4

KLA Corporation
Condensed Consolidated Unaudited Statements of Cash Flows
Three Months Ended December 31,
(In thousands)20232022
Cash flows from operating activities:
Net income $582,534 $978,795 
Adjustments to reconcile net income to net cash provided by operating activities:
Impairment of goodwill and purchased intangible assets219,000 — 
Depreciation and amortization99,063 103,508 
Unrealized foreign exchange (gain) loss and other(34,346)(20,679)
Asset impairment charges— 749 
Stock-based compensation expense48,620 38,405 
Deferred income taxes(65,158)(98,890)
Changes in assets and liabilities, net of assets acquired and liabilities assumed in business acquisitions:
Accounts receivable(160,265)(440,647)
Inventories(21,189)(127,647)
Other assets(104,872)(15,091)
Accounts payable2,692 44,317 
Deferred system revenue218,250 95,079 
Deferred service revenue68,821 42,630 
Other liabilities(230,908)87,761 
Net cash provided by operating activities622,242 688,290 
Cash flows from investing activities:
Proceeds from sale of assets5,079 — 
Capital expenditures(76,801)(93,642)
Purchases of available-for-sale securities(451,800)(301,372)
Proceeds from sale of available-for-sale securities7,252 10,147 
Proceeds from maturity of available-for-sale securities427,128 141,926 
Purchases of trading securities(16,049)(18,071)
Proceeds from sale of trading securities16,715 19,607 
Net cash used in investing activities(88,476)(241,405)
Cash flows from financing activities:
Repayment of debt— (200,000)
Common stock repurchases(437,817)(355,007)
Payment of dividends to stockholders(196,859)(184,208)
Issuance of common stock48,433 33,793 
Tax withholding payments related to vested and released restricted stock units(3,005)(2,598)
Contingent consideration payable and other, net(1,676)(2,500)
Net cash used in financing activities(590,924)(710,520)
Effect of exchange rate changes on cash and cash equivalents10,642 15,832 
Net decrease in cash and cash equivalents(46,516)(247,803)
Cash and cash equivalents at beginning of period1,711,570 1,819,280 
Cash and cash equivalents at end of period$1,665,054 $1,571,477 
Supplemental cash flow disclosures:
Income taxes paid, net$506,046 $293,403 
Interest paid$24,818 $29,635 
Non-cash activities:
Contingent consideration payable - financing activities$155 $(1,919)
Dividends payable - financing activities$2,132 $1,999 
Unsettled common stock repurchase - financing activities$10,999 $15,975 
Accrued purchase of land, property and equipment - investing activities$18,312 $30,590 






5



KLA Corporation
Segment Information (Unaudited)
The following is a summary of results for each of our three reportable segments and reconciliations to total revenues for the indicated periods:
 Three Months Ended December 31,Six Months Ended December 31,
(In thousands)
2023202220232022
Revenues:
Semiconductor Process Control$2,194,079 $2,657,395 $4,329,557 $5,055,154 
Specialty Semiconductor Process150,065 158,085 276,784 285,952 
PCB, Display and Component Inspection143,032 169,959 279,075 370,704 
Total revenues for reportable segments2,487,176 2,985,439 4,885,416 5,711,810 
Corporate allocations and effects of changes in foreign currency exchange rates(450)(1,552)(1,734)(3,499)
Total revenues$2,486,726 $2,983,887 $4,883,682 $5,708,311 


KLA Corporation
Condensed Consolidated Unaudited Supplemental Information

Reconciliation of GAAP Net Income to Non-GAAP Net Income
Three Months EndedSix Months Ended
(In thousands, except per share amounts)December 31,
2023		September 30,
2023		December 31,
2022		December 31,
2023		December 31,
2022
GAAP net income attributable to KLA$582,534 $741,375 $978,795 $1,323,909 $2,004,786 
Adjustments to reconcile GAAP net income to non-GAAP net income:
Acquisition-related chargesa59,307 63,244 66,689 122,551 141,949 
Restructuring, severance and other chargesb1,270 — — 1,270 (5,189)
Impairment of goodwill and purchased intangible assetsc219,000 — — 219,000 — 
Loss on extinguishment of debtd— — — — 13,286 
Income tax effect of non-GAAP adjustmentse(22,806)(20,399)(19,293)(43,205)(46,575)
Discrete tax itemsf(103)2,255 21,511 2,152 (53,965)
Non-GAAP net income attributable to KLA$839,202 $786,475 $1,047,702 $1,625,677 $2,054,292 
GAAP net income per diluted share attributable to KLA$4.28 $5.41 $6.89 $9.69 $14.09 
Non-GAAP net income per diluted share attributable to KLA$6.16 $5.74 $7.38 $11.89 $14.44 
Shares used in diluted net income per share calculation136,254 137,104 141,966 136,684 142,268 

6

Pre-tax Impact of GAAP to Non-GAAP Adjustments Included in Condensed Consolidated Unaudited Statements of Operations
(In thousands)Acquisition - Related ChargesRestructuring, Severance and Other ChargesGoodwill and Purchased Intangible Asset ImpairmentTotal Pre-tax GAAP to Non-GAAP Adjustments
Three Months Ended December 31, 2023
Costs of revenues$46,078 $467 $— $46,545 
Research and development— 417 — 417 
Selling, general and administrative13,229 386 — 13,615 
Impairment of goodwill and purchased intangible assets— — 219,000 219,000 
Total in three months ended December 31, 2023$59,307 $1,270 $219,000 $279,577 
Three Months Ended September 30, 2023
Costs of revenues$46,078 $— $— $46,078 
Selling, general and administrative17,166 — — 17,166 
Total in three months ended September 30, 2023$63,244 $— $— $63,244 
Three Months Ended December 31, 2022
Costs of revenues$45,437 $— $— $45,437 
Research and development748 — — 748 
Selling, general and administrative20,504 — — 20,504 
Total in three months ended December 31, 2022$66,689 $— $— $66,689 

Free Cash Flow Reconciliation
Three Months Ended December 31,Twelve Months Ended December 31,
(In thousands)2023202220232022
Net cash provided by operating activities$622,242 $688,290 $3,475,952 $3,337,942 
Capital expenditures(76,801)(93,642)(308,443)(351,458)
Free cash flow$545,441 $594,648 $3,167,509 $2,986,484 

Capital Returns Calculation
Three Months Ended December 31,Twelve Months Ended December 31,
(In thousands)2023202220232022
Payments of dividends to stockholders$196,859 $184,208 $738,730 $688,770 
Common stock repurchases437,817 355,007 1,760,240 3,583,108 
Forward contract for accelerated share repurchases— — — 900,000 
Capital returns$634,676 $539,215 $2,498,970 $5,171,878 
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Third Quarter Fiscal 2024 Guidance
Reconciliation of GAAP Diluted EPS to Non-GAAP Diluted EPS
Three Months Ending March 31, 2024
(In millions, except per share amounts)
LowHigh
GAAP net income per diluted share $4.33$5.53
Acquisition-related chargesa0.420.42
Restructuring, severance and other chargesb0.060.06
Income tax effect of non-GAAP adjustmentse(0.15)(0.15)
Non-GAAP net income per diluted share$4.66$5.86
Shares used in net income per diluted share calculation135.6135.6

Reconciliation of GAAP Gross Margin to Non-GAAP Gross Margin
Three Months Ending March 31, 2024
LowHigh
GAAP gross margin58.4%60.4%
Acquisition-related chargesa1.9%1.9%
Restructuring, severance and other chargesb0.2%0.2%
Non-GAAP gross margin60.5%62.5%


The non-GAAP and supplemental information provided in this press release is a supplement to, and not a substitute for, KLA’s financial results presented in accordance with United States GAAP.
To supplement our Condensed Consolidated Financial Statements presented in accordance with GAAP, we provide certain non-GAAP financial information, which is adjusted from results based on GAAP to exclude certain gains, costs and expenses, as well as other supplemental information. The non-GAAP and supplemental information is provided to enhance the user’s overall understanding of our operating performance and our prospects in the future. Specifically, we believe that the non-GAAP information, including non-GAAP net income attributable to KLA, non-GAAP net income per diluted share attributable to KLA, non-GAAP gross margin and free cash flow, provides useful measures to both management and investors regarding financial and business trends relating to our financial performance by excluding certain costs and expenses that we believe are not indicative of our core operating results to help investors compare our operating performances with our results in prior periods as well as with the performance of other companies. The non-GAAP information is among the budgeting and planning tools that management uses for future forecasting. However, because there are no standardized or generally accepted definitions for most non-GAAP financial metrics, definitions of non-GAAP financial metrics are inherently subject to significant discretion (for example, determining which costs and expenses to exclude when calculating such a metric). As a result, non-GAAP financial metrics may be defined very differently from company to company, or even from period to period within the same company, which can potentially limit the usefulness of such information to an investor. The presentation of non-GAAP and supplemental information is not meant to be considered in isolation or as a substitute for results prepared and presented in accordance with United States GAAP. The following are descriptions of the adjustments made to reconcile GAAP net income attributable to KLA to non-GAAP net income attributable to KLA:
a.Acquisition-related charges primarily include amortization of intangible assets, transaction costs associated with our acquisitions and dispositions, as well as intangible asset impairment charges. Although we exclude the effect of amortization of all acquired intangible assets from these non-GAAP financial measures, management believes that it is important for investors to understand that such intangible assets were recorded as part of purchase price accounting arising from acquisitions, and such amortization of intangible assets related to past acquisitions will recur in future periods until such intangible assets have been fully amortized. Investors should note that the use of these intangible assets contributed to our revenues earned during the periods presented and are expected to contribute to our future period revenues as well.
b.Restructuring, severance and other charges primarily include costs associated with employee severance, gains and losses from exiting non-core businesses and adjustments related to non-controlling interest. Restructuring, severance and other charges in the six months ended December 31, 2022 included a gain on the sale of Orbograph, Ltd. (“Orbograph”), which was sold in the first quarter of fiscal 2023, partially offset by certain transaction bonuses triggered by the sale of Orbograph.
8

c.Impairment of goodwill and purchased intangible assets included non-cash expense recognized as a result of the company's testing for goodwill impairment and long-lived asset impairment performed in the three months ended December 31, 2023. The impairment charge resulted from the downward revision of financial outlook for the PCB and Display reporting units. Management believes that it is appropriate to exclude these impairment charges as they are not indicative of ongoing operating results and therefore limit comparability. Management also believes excluding this item helps investors compare our operating performance with our results in prior periods as well as with the performance of other companies.
d.Loss on extinguishment of debt included a pre-tax loss on early extinguishment of the $500 million 4.650% Senior Notes due in November 2024.
e.Income tax effect of non-GAAP adjustments includes the income tax effects of the excluded items noted above.
f.Discrete tax items in the three and six months ended December 31, 2023 included a one-time tax benefit resulting from changes made to our international structure to better align ownership of certain intellectual property rights with how our business operates. Discrete tax items in all periods presented included a tax impact relating to the amortization of the aforementioned tax benefit or similar tax benefits recorded in other periods. Discrete tax items in the three months ended December 31, 2022 included a tax expense of $19.8 million from an internal restructuring. Discrete tax items in the three months ended September 30, 2022 also included an adjustment of the net benefit of the Orbotech Ltd. 2012 to 2018 Israel tax audit settlement, for which the net benefit includes the liability on the audit settlement less reductions in unrecognized tax positions and deferred tax assets and liabilities, as well as a tax impact from the sale of Orbograph.
9
v3.23.4
Cover Page
Jan. 25, 2024
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Jan. 25, 2024
Entity Registrant Name KLA CORPORATION
Entity Central Index Key 0000319201
Document Fiscal Year Focus 2024
Document Fiscal Period Focus Q2
Entity Emerging Growth Company false
Title of 12(b) Security Common Stock, $0.001 par value per share
Trading Symbol KLAC
Security Exchange Name NASDAQ
Entity File Number 000-09992
Entity Incorporation, State or Country Code DE
Entity Tax Identification Number 04-2564110
Entity Address, Address Line One One Technology Drive
Entity Address, City or Town Milpitas
Entity Address, State or Province CA
Entity Address, Postal Zip Code 95035
City Area Code 408
Local Phone Number 875-3000
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
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