Contract Liabilities
KLA Corporation Contract Liabilities decreased by 66.6% to $576.50M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 66.7%, from $1.73B to $576.50M. Over 4 years (FY 2021 to FY 2025), Contract Liabilities shows an upward trend with a 58.2% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong future revenue visibility and customer demand, while a decrease may indicate faster fulfillment or slowing sales.
Detailed definition
This represents the obligation to transfer goods or services to a customer for which the company has already received co...
Peer comparison
Common in companies with long-term service contracts or subscription-based diagnostic models; peers with high recurring revenue often show higher balances.
contract_liabilitiesHistorical Data
| 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 | $87.58M | $701.41M | $842.88M | $886.58M | $124.62M | $933.17M | $1.07B | $1.07B | $176.68M | $1.26B | $1.55B | $1.72B | $294.46M | $1.71B | $1.93B | $1.73B | $548.01M | $1.71B | $1.73B | $576.50M |
| QoQ Change | — | +700.9% | +20.2% | +5.2% | -85.9% | +648.8% | +14.8% | +0.3% | -83.6% | +616.0% | +22.7% | +10.6% | -82.8% | +480.5% | +12.8% | -10.3% | -68.3% | +212.2% | +1.0% | -66.6% |
| YoY Change | — | — | — | — | +42.3% | +33.0% | +27.0% | +21.2% | +41.8% | +35.6% | +44.9% | +59.8% | +66.7% | +35.1% | +24.2% | +0.7% | +86.1% | +0.1% | -10.4% | -66.7% |
Contract Liabilities at Other Companies
Frequently Asked Questions
- What is KLA Corporation's contract liabilities?
- KLA Corporation (KLAC) reported contract liabilities of $576.50M in Q1 2026.
- How has KLA Corporation's contract liabilities changed year-over-year?
- KLA Corporation's contract liabilities decreased by 66.7% year-over-year, from $1.73B to $576.50M.
- What is the long-term trend for KLA Corporation's contract liabilities?
- Over 4 years (2021 to 2025), KLA Corporation's contract liabilities has grown at a 58.2% compound annual growth rate (CAGR), from $87.58M to $548.01M.
- What does contract liabilities mean?
- Money received from customers for products or services that have not yet been delivered.