Slide 1: Q2 Fiscal 2026 Earnings
Q2 Fiscal 2026 Earnings Quarter Ended December 31, 2025 • Reported January 29, 2026 KLA Non-Confidential | Unrestricted 1
Slide 2: Forward Looking Statements
Forward Looking Statements Statements in this presentation other than historical facts, such as statements pertaining to: (i) future industry demand for semiconductors, WFE, and advanced packaging; (ii) our market position for the future and future growth in demand for our products; (iii) our foreca
Slide 3: Calendar 2025 – Financial Highlights From a Record Year
Calendar 2025 – Financial Highlights From a Record Year +17% 30% Revenue Growth FCF Growth* Revenue $12.74B FCF $4.4B 62.8% 37% Gross Profit Margin* Net Income Margin* Gross Profit* $8.0B EPS* $35.44** 43.6% (Top) The 39xx Series “GEN 5” has played a critical role in defect discovery for $3.0B Opera
Slide 4: The KLA Operating Model
The KLA Operating Model Consistent Strategy and Execution Application of common processes and discipline Cascades throughout the organization Strong focus on talent development Management By Metrics Culture of performance and accountability Expectation of continuous improvement Superior
Slide 5: December Quarter 2025 Income Statement Highlights
December Quarter 2025 Income Statement Highlights $3.3B 62.6% 42.8% $1.2B Revenue Gross Margin* Operating Margin* Net Income* $8.85 (Right) The KLA 295x Series or “GEN 4” Non-GAAP Diluted EPS is the industry-standard for inline monitoring. It pairs sensitivity with optical wafer defect inspection sp
Slide 6: Breakdown of Revenue by Reportable Segments and End Markets
Breakdown of Revenue by Reportable Segments and End Markets Revenue Y/Y Q/Q Quarterly Revenue CY25 Q2-FY26: Q2-FY26 Growth Growth Revenue % CY25 Growth Semi Process Control End Market Semiconductor System Revenue 2 Process Control $3,005 +9% +4% 91% $11,521 +18% (Systems + Services) Specialty Semico
Slide 7: Breakdown of Revenue by Major Product and Regions
Breakdown of Revenue by Major Product and Regions Q2-FY26 Revenue Y/Y Q/Q Quarterly Revenue CY25 Q2-FY26 Growth Growth Revenue % CY25 Growth Revenue by Region Wafer Inspection $1,573 +1% +2% 48% $6,377 +25% 12% 26% 5% Patterning $696 +31% +4% 21% $2,453 +12% Specialty Semi Process $122 -15% +21% 4%
Slide 8: Strong Investment Grade Balance Sheet
Strong Investment Grade Balance Sheet Balance Sheet Summary 1 ($M) Bond Maturity Profile Investment Grade Credit Ratings Total Cash 2 $ 5,207 Bonds Outstanding $5.95B Moody’s A2 Working Capital $ 7,281 Weighted Average Total Assets $ 16,720 4.67% S&P A- Interest Rate Debt 3 $ 5,886 Weighted Average
Slide 9: FCF Generation Fuels Consistent Capital Return to Shareholders
FCF Generation Fuels Consistent Capital Return to Shareholders Free Cash Flow 1 and FCF Margin 2 Investment Market in Growth and Leadership and $4.4 New Products Differentiated Solutions $3.4 $3.2 Value $3.0 $2.5 Creation $1.8 33% 34% Capital Returns Strong Margins 31% 31% 29% to Shareholders and FC
Slide 10: Return to Shareholders Across Both Share Repurchases & Dividends
Return to Shareholders Across Both Share Repurchases & Dividends Share Repurchases - Last 5 Years 1 Track Record of Dividend Increases ~$441 Apr. 30, 2025 Announced 16th consecutive annual dividend 7.40 7.60 Avg price per share since 2021 increase, up 12% to $1.90/share from $1.70/share 6.05 4,483 5
Slide 11: Free Cash Flow and Capital Return Highlights
Free Cash Flow and Capital Return Highlights $548M $1.26B December Quarter Share Buyback December Quarter Free Cash Flow* $2.03B CY25 Share Buyback 38% December Quarter FCF Margin* $250M December Quarter Dividends Paid 108% December Quarter FCF Conversion* (Above) Surfscan® SP7XP is an advanced wafe
Slide 12: Guidance for Q3 FY2026 – March 2026 Quarter
Guidance for Q3 FY2026 – March 2026 Quarter March 2026 Quarter Guidance Macro Assumptions Revenue $3.35B +/- $150M Semi PC Revenue By End Market Foundry/Logic: ~60% Non-GAAP 61.75% +/- 1% Memory: ~40% DRAM ~85% | NAND ~15% Gross Margin* Model Assumptions GAAP Diluted Non-GAAP Operating Expen
Slide 13: Appendix
Appendix Reconciliation of Financial Results
Slide 14: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures KLA Non-Confidential | Unrestricted 14
Slide 15: Reconciliation of Free Cash Flow and Related Metrics
Reconciliation of Free Cash Flow and Related Metrics KLA Non-Confidential | Unrestricted 15
Slide 16: Reconciliation of Guidance
Reconciliation of Guidance Q3 FY2026 Guidance Range: CY 2026 Guidance: KLA Non-Confidential | Unrestricted 16
Slide 17: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures KLA Non-Confidential | Unrestricted 17
Slide 18: KLA Non-Confidential | Unrestricted
KLA Non-Confidential | Unrestricted 18