Current Assets
Contract Assets
KLA Corporation Contract Assets increased by 8.4% to $100.91M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 1.9%, from $98.99M to $100.91M. Over 4 years (FY 2021 to FY 2025), Contract Assets shows an upward trend with a 3.6% CAGR.
Analysis
StatementBalance Sheet Statement
SectionCurrent Assets
CategoryEfficiency
SignalContext dependent
VolatilityModerate
First reportedQ4 2018
Last reportedQ3 2026Apr 30, 2026
How to read this metric
A growing balance may indicate strong project progress, but excessive growth relative to revenue could signal potential billing or collection bottlenecks.
Detailed definition
Contract assets represent the company's right to consideration for work completed under a contract that has not yet been...
Peer comparison
Standard for firms using percentage-of-completion accounting; peers in construction often carry significant contract asset balances.
Metric ID:
contract_assetsHistorical Data
20 periods
| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $91.05M | $94.88M | $96.68M | $104.84M | $114.75M | $114.09M | $119.73M | $125.02M | $117.14M | $93.30M | $100.94M | $87.62M | $69.26M | $71.41M | $82.29M | $98.99M | $105.08M | $123.66M | $93.12M | $100.91M |
| QoQ Change | — | +4.2% | +1.9% | +8.4% | +9.5% | -0.6% | +5.0% | +4.4% | -6.3% | -20.3% | +8.2% | -13.2% | -21.0% | +3.1% | +15.2% | +20.3% | +6.2% | +17.7% | -24.7% | +8.4% |
| YoY Change | — | — | — | — | +26.0% | +20.2% | +23.9% | +19.2% | +2.1% | -18.2% | -15.7% | -29.9% | -40.9% | -23.5% | -18.5% | +13.0% | +51.7% | +73.2% | +13.2% | +1.9% |
Range$69.26M – $125.02M
CAGR+2.2%
Avg YoY Growth+6.1%
Median YoY Growth+7.5%
Contract Assets at Other Companies
Frequently Asked Questions
- What is KLA Corporation's contract assets?
- KLA Corporation (KLAC) reported contract assets of $100.91M in Q1 2026.
- How has KLA Corporation's contract assets changed year-over-year?
- KLA Corporation's contract assets increased by 1.9% year-over-year, from $98.99M to $100.91M.
- What is the long-term trend for KLA Corporation's contract assets?
- Over 4 years (2021 to 2025), KLA Corporation's contract assets has grown at a 3.6% compound annual growth rate (CAGR), from $91.05M to $105.08M.
- What does contract assets mean?
- Revenue earned from projects that has not yet been invoiced to the customer.