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 generally signals strong future revenue growth and healthy customer demand, whereas a decrease may indicate a slowdown in new bookings or faster fulfillment of existing orders.
Detailed definition
This represents the company's obligation to transfer goods or services to a customer for which the company has already r...
Peer comparison
High levels of contract liabilities are common in capital equipment industries where long lead times require customer deposits or prepayments.
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?
- Payments received from customers for goods or services that have not yet been delivered.