KLAC · 8-K · 20261028PR000032

Income Tax Rate Changes

KLA CORP · 2026-10-28 · Importance 40 · Surprise 56

The income tax provision rose 46.1% year over year to $275.5 million from $188.4 million, while pretax income increased 39.3% to $1.824 billion. The effective tax rate was approximately 15.1% in Q1 FY2027, compared with 14.4% in Q1 FY2026. Q1 FY2027 non-GAAP net income included $20.2 million of Pillar Two Undertaxed Profits Rule taxes and $5.8 million of discrete tax items.