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# KLA Corporation (KLAC) - Recent Events, Fiscal 2026 ## Filings that contain financial statements Each of the following Form 8-K filings furnishes an earnings press release (Exhibit 99.1) with condensed consolidated unaudited balance sheets, statements of operations, statements of cash flows (three-month periods), segment revenue tables, and GAAP to non-GAAP reconciliations. Per-share figures in releases issued before the June 2026 stock split are stated on a pre-split basis; the July 28, 2026 release restates all per-share data for the ten-for-one split. - Form 8-K filed July 31, 2025, accession 0000319201-25-000020: fiscal Q4 and full fiscal year 2025 (periods ended June 30, 2025; balance sheet at June 30, 2025 and 2024). - Form 8-K filed October 29, 2025, accession 0000319201-25-000031: fiscal Q1 2026 (quarter ended September 30, 2025). - Form 8-K filed January 29, 2026, accession 0000319201-26-000006: fiscal Q2 2026 (quarter ended December 31, 2025; six-month income statement columns also shown). - Form 8-K filed April 29, 2026, accession 0000319201-26-000014: fiscal Q3 2026 (quarter ended March 31, 2026; nine-month income statement columns also shown). - Form 8-K filed July 28, 2026, accession 0000319201-26-000024: fiscal Q4 and full fiscal year 2026 (periods ended June 30, 2026), with per-share data adjusted for the stock split. ## Earnings releases and guidance | Release date | Period | Revenue | GAAP diluted EPS | Non-GAAP diluted EPS | Next-quarter revenue guidance (midpoint) | Accession | |---|---|---|---|---|---|---| | Jul 31, 2025 | FY25 Q4 | $3.175 billion | $9.06 (pre-split) | $9.38 (pre-split) | FY26 Q1: $3.15 billion +/- $150 million | 0000319201-25-000020 | | Oct 29, 2025 | FY26 Q1 | $3.21 billion | $8.47 (pre-split) | $8.81 (pre-split) | FY26 Q2: $3.225 billion +/- $150 million | 0000319201-25-000031 | | Jan 29, 2026 | FY26 Q2 | $3.30 billion | $8.68 (pre-split) | $8.85 (pre-split) | FY26 Q3: $3.35 billion +/- $150 million | 0000319201-26-000006 | | Apr 29, 2026 | FY26 Q3 | $3.415 billion | $9.12 (pre-split) | $9.40 (pre-split) | FY26 Q4: $3.575 billion +/- $200 million | 0000319201-26-000014 | | Jul 28, 2026 | FY26 Q4 | $3.66 billion | $1.04 | $1.05 | FY27 Q1: $4.0 billion +/- $200 million | 0000319201-26-000024 | - In each of the four releases for fiscal Q1 through Q4 2026, the company stated revenue was above the midpoint of its guidance range. The Q4 release said GAAP and non-GAAP EPS were at the upper end of the guidance ranges. - July 28, 2026 (accession 0000319201-26-000024): fiscal 2026 full-year revenue was $13.58 billion and GAAP net income $4.83 billion (GAAP diluted EPS $3.66, split-adjusted; non-GAAP diluted EPS $3.76). Fiscal 2025 comparatives in the same release: revenue $12.16 billion, GAAP net income $4.06 billion. Operating cash flow was $906.4 million for the quarter and $4.14 billion for the year; free cash flow was $817.1 million and $3.77 billion. Capital returns were $876.3 million for the quarter and $3.35 billion for the year. The CEO said momentum is accelerating in the second half of calendar 2026 and continuing through 2027. - Fiscal Q1 2027 guidance (accession 0000319201-26-000024): revenue $4.0 billion +/- $200 million; GAAP gross margin 61.6% +/- 1.0%; non-GAAP gross margin 62.5% +/- 1.0%; GAAP diluted EPS $1.14 +/- $0.10; non-GAAP diluted EPS $1.16 +/- $0.10. The midpoint is above the $3.66 billion reported for fiscal Q4. - April 29, 2026 (accession 0000319201-26-000014): the CEO said the company was "highly confident in our outlook for calendar year 2026" and cited the 17th consecutive annual dividend increase and the additional $7 billion repurchase authorization. ## Capital actions - **Stock split.** May 7, 2026 (accession 0001193125-26-212093): the Board approved a ten-for-one forward stock split, with holders of record on June 4, 2026 receiving nine additional shares per share held, and authorized common shares rising from 500,000,000 to 5,000,000,000. The split was completed: a Form 8-K filed June 12, 2026 (accession 0001193125-26-269375) reports the charter amendment became effective at 11:59 p.m. Eastern Time on June 11, 2026, and the restated certificate sets authorized shares at 5,000,000,000 common and 1,000,000 preferred. Split-adjusted trading began June 12, 2026 under the symbol KLAC. - **Dividend level raised and new buyback.** March 12, 2026 (accession 0001193125-26-102999): the Board set a quarterly dividend level of $2.30 per share (pre-split), a 21% increase from $1.90, beginning with the dividend expected to be declared in May 2026. The Board also approved a new repurchase program of up to $7 billion, in addition to the $5 billion program announced in April 2025, which had $3.94 billion of authority remaining as of December 31, 2025. The same filing furnished the March 12, 2026 investor day materials. - **Quarterly dividend declarations in fiscal 2026.** $1.90 per share declared August 7, 2025 (payable September 3, 2025; accession 0001193125-25-175585); $1.90 declared November 6, 2025 (payable December 2, 2025; accession 0001193125-25-272448); $1.90 declared February 5, 2026 (payable March 3, 2026; accession 0001193125-26-039637); $2.30 declared May 7, 2026 (payable June 2, 2026; accession 0001193125-26-212093); $0.23 declared August 6, 2026 (payable September 1, 2026 to holders of record August 17, 2026; accession 0001193125-26-338242). The $0.23 amount is the $2.30 level on a split-adjusted basis. - **Revolving credit facility.** July 3, 2025 (Form 8-K filed July 8, 2025, accession 0001193125-25-156593): the company entered into a new unsecured five-year $1.5 billion revolving credit facility with JPMorgan Chase Bank, N.A. as administrative agent, expiring July 3, 2030 with two one-year extension options and an uncommitted increase of up to $500.0 million. Borrowings bear interest at Term SOFR plus 0.625% to 1.00%, depending on ratings, and a maximum leverage ratio covenant applies. The company terminated the commitments under its prior facility the same day, with no loans outstanding under it. ## Governance - November 5-6, 2025 (accession 0001193125-25-272448): the annual meeting was held November 5, 2025. All ten Board nominees were elected, PricewaterhouseCoopers LLP was ratified as auditor for the year ending June 30, 2026, and the advisory vote on executive compensation was approved. On November 6, 2025 the Board adopted amended By-laws, including updated procedures and disclosure requirements for stockholder nominations and proposals. - August 7, 2025 (accession 0001193125-25-175585): Gary Moore and Emiko Higashi notified the Board of their retirement effective at the 2025 annual meeting, citing no disagreement with the company. Tracy Embree and Jason Conley were slated for nomination and were elected at that meeting. Michael McMullen became Chair of the Compensation and Talent Committee on November 5, 2025. ## Mergers and acquisitions No acquisition, divestiture, or merger agreement was announced in the Form 8-K filings reviewed for the period from July 2025 through August 2026. The earnings releases describe ongoing acquisition-related charges (amortization of previously acquired intangibles) only. ## Items not seen in the filings reviewed No Form 8-K reporting a guidance cut, restructuring, impairment, new debt issuance, or change in chief executive or chief financial officer appeared in the period. The fiscal 2025 goodwill and intangible impairment of $239.1 million related to the printed circuit board business appears as a fiscal 2025 comparative in the July 28, 2026 earnings release (accession 0000319201-26-000024), which attributes it to the deterioration of the long-term forecast for that business; it is not the subject of a separate event filing.