KLAC · 8-K · 20260728PR000024
Income Tax Rate Changes
KLA CORP · 2026-07-28 · Importance 66 · Surprise 74
Fiscal 2026 income tax expense increased 33.0% year over year to $775.2 million from $582.8 million. Based on pretax income of $5.61 billion, the fiscal 2026 effective tax rate was approximately 13.8%, compared with approximately 12.6% in fiscal 2025. Fiscal 2026 discrete tax items included recognition or adjustment of a deferred tax liability for withholding taxes on future remittance of previously taxed income and adjustments to deferred tax benefits from changed tax incentives. Fourth-quarter tax expense was $186.3 million on pretax income of $1.55 billion, implying an effective rate of approximately 12.0%.