What is KLA Corporation's deferred revenue?

KLA Corporation (KLAC) reported deferred revenue of $1.2B in Q1 2026.

How has KLA Corporation's deferred revenue changed year-over-year?

KLA Corporation's deferred revenue decreased by 86.6% year-over-year, from $8.91B to $1.2B.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

KLA Corporation KLAC Deferred Revenue

Deferred Revenue at other companies

Applied MaterialsAMAT

$2.57B+3.2%

CohuCOHU

$5.31M+119%

Onto InnovationONTO

$31.44M-19.8%

Lam ResearchLRCX

$2.09B+11.1%

PDF SolutionsPDFS

$23.1M-14.9%

Veeco InstrumentsVECO

$92.73M+62.1%

Other financials

Income statement

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Revenue$3.4B+11.5%

Gross profit$2.1B+10.6%

Net income$1.2B+10.3%

EPS (diluted)$9.12+11.8%

Balance sheet

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Cash & equivalents$292.0M-38.3%

Total debt$6.1B+0.9%

Total equity$5.8B+45.6%

Total assets$16.9B+11.1%

Cash flow

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Operating cash flow$707.5M-34.0%

CapEx$85.2M+3.7%

Free cash flow$622.3M-37.1%

Valuation

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Market cap$275B+125%

Enterprise value$280.85B+120%

P/E58.9×+28.8×

P/S21×+11.0×

Profitability

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Gross margin61.4%+0.9pp

Net margin35.7%+3.7pp

FCF margin30.7%+0.2pp

Returns & leverage

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Return on equity95%-9.1pp

Debt / equity1.1×-0.5×

Current ratio3×+0.5×

Where this comes from

Reported directly by KLA Corporation in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCurrent.

The official record: KLA Corporation’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is KLA Corporation's deferred revenue?: KLA Corporation (KLAC) reported deferred revenue of $1.2B in Q1 2026.
How has KLA Corporation's deferred revenue changed year-over-year?: KLA Corporation's deferred revenue decreased by 86.6% year-over-year, from $8.91B to $1.2B.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.