KLA Corporation (KLAC) SEC Filings & Earnings Calls

Export Control Risk on China Revenue

“Our revenue from sales of products and provision of services to customers in China was 30%, 33% and 43% for fiscal years 2026, 2025 and 2024, respectively, and future revenue from China as a percentage of our overall revenue may decline as a result of the current and future Commerce rules and regulations.” · word for word

Tariff and Trade Restriction Risk

“The U.S. tariffs have increased our cost of revenues due to the increase in the cost of importing foreign sourced components to our U.S. facilities to build the products that we manufacture in the U.S.” · word for word

Customer Concentration Risk

“Taiwan Semiconductor Manufacturing Company Limited accounted for more than 10% of total revenues in each of the last three fiscal years.”

Export control and tariff risks from US-China trade tensions could impact revenue.

“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; tariffs, retaliatory trade measures and other trade restrictions” · word for word

No material risk signals; stock split and dividend are neutral capital allocation events.

Export control disruption

“These rules and regulations may significantly harm our business, results of operations, financial condition and cash flows in future periods, unless we are able to obtain required licenses.” · word for word

Tariff cost pressure

“The U.S. Tariffs have increased our cost of revenues due to the increase in the cost of importing foreign sourced components to our U.S. facilities to build the products that we manufacture in the U.S.” · word for word

Rare earth supply disruption

“If our suppliers are unable to provide the components necessary to make our products because of restrictions placed on their access to rare earth elements or products derived from rare earth elements, our business, financial condition and results of operations could be materially harmed.” · word for word

DRAM chip cost increase

“We estimate that the additional costs to procure these DRAM chips will continue to have an adverse impact on our gross margin in calendar 2026.” · word for word

Exposure to China export controls and tariffs; geopolitical risks from U.S.-China relations and global conflicts.

“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; tariffs and other trade restrictions” · word for word

Cybersecurity threats and system failures could disrupt operations.

“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” · word for word

Export control risk

“These rules and regulations may significantly harm our business, results of operations, financial condition and cash flows in future periods, unless we are able to obtain required licenses.” · word for word

Rare earth supply disruption

“If our suppliers are unable to provide the components necessary to make our products because of restrictions placed on their access to rare earth elements or products derived from rare earth elements, our business, financial condition and results of operations could be materially harmed.” · word for word

DRAM chip shortage and cost increase

“We estimate that the additional costs to procure these DRAM chips will have an adverse impact on our gross margin in calendar 2026.” · word for word

Tax rate increase from OBBBA and Pillar Two

“The net impact of the changes provided by the OBBBA and interpretations of such law may have a material and adverse impact to our effective tax rate.” · word for word

Export control regulations and tariffs pose risk to China revenue.

“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; tariffs and other trade restrictions” · word for word

Export Control Escalation

“These rules and regulations may significantly harm our business, results of operations, financial condition and cash flows in future periods, unless we are able to obtain required licenses.” · word for word

Rare Earth Supply Disruption

“If our suppliers are unable to provide the components necessary to make our products because of restrictions placed on their access to rare earth elements or products derived from rare earth elements, our business, financial condition and results of operations could be materially harmed.” · word for word

Tax Rate Increase

“The net impact of the changes provided by the OBBBA and interpretations of such law may have a material and adverse impact to our effective tax rate.” · word for word

Exposure to China export controls and tariffs

“Evolving BIS rules impacting sales to certain customers in China; tariffs and trade restrictions”

Cybersecurity threats and system failures

“Cybersecurity threats, cyber incidents affecting systems and networks”