KLAC · 10-Q · 2026Q3 · Full report

Liquidity and Debt Position

KLA CORP · 2026-10-29 · Importance 42 · Surprise 14 · From source text

At September 30, 2026, cash, cash equivalents, and marketable securities totaled $4.741 billion, down from $4.902 billion at June 30, 2026; $785.7 million was held by foreign subsidiaries and branch offices. Senior Notes had an aggregate principal amount of $5.95 billion, with maturities from fiscal 2029 through fiscal 2063. The company had no borrowings under its $1.50 billion revolving credit facility, which matures July 3, 2030, and its net leverage ratio was 0.49 versus a maximum covenant level of 3.25. Credit ratings were Fitch A, Moody’s A2, and S&P A-; KLA stated that available liquidity sources were expected to cover requirements for at least 12 months.

Key facts

• KLA's unsecured revolving credit facility matures July 3, 2030 and allows borrowing up to $1.50 billion, with potential increases of up to $500.0 million in aggregate. source
• As of September 30, 2026, KLA's principal liquidity sources included $4.74 billion in cash, cash equivalents, and marketable securities and $1.50 billion of availability under its revolving credit facility. source
• KLA's cash, cash equivalents, and marketable securities totaled $4.74 billion as of September 30, 2026, compared with $4.90 billion as of June 30, 2026. source
• KLA's working capital was $8.02 billion as of September 30, 2026, down $58.5 million from $8.08 billion as of June 30, 2026. source
• KLA used $1.48 billion in financing activities in the three months ended September 30, 2026, compared with $881.8 million in the three months ended September 30, 2025. source
• KLA's year-over-year increase in financing cash use primarily reflected increases of $390.7 million in stock repurchases, $157.6 million in tax withholding payments on vested and released RSUs, and $51.1 million in dividends and dividend equivalents. source
• KLA used $177.9 million in investing activities in the three months ended September 30, 2026, compared with $410.0 million in the three months ended September 30, 2025. source
• The year-over-year decrease in KLA's investing cash use primarily reflected $332.0 million less in net purchases of available-for-sale securities, partly offset by a $98.9 million increase in capital expenditures and a $1.1 million decrease in government assistance. source

Impact estimates