KLA CORP

and Item 7 Management’s Discussion and Analysis of Financial Condition and Results of Operations in this Annual Report on Form 10-K. You should carefully review these risks and also review the risks described in other parts of this report and in documents we file from time to time with the Securities and Exchange Commission ( SEC ), including the Quarterly Reports on Form 10-Q that we will file in the fiscal year ending June 30, 2027. You are cautioned not to place undue reliance on these forward-looking statements, and we expressly assume no obligation and do not intend to update the forward-looking statements in this report after the date hereof. iii Table of Contents PART I ITEM 1. BUSINESS The Company KLA Corporation and its majority-owned subsidiaries ( KLA or the Company, and also referred to as we, our, us or similar references) are suppliers of industry-leading equipment and services that enable innovation throughout the electronics industry. We provide advanced process control and process-enabling solutions for manufacturing wafers, reticles/masks, chemicals/materials, integrated circuits ( ICs or chips ), packaged ICs and printed circuit boards ( PCBs ), as well as comprehensive support and services across our installed base. Our suite of advanced products, coupled with our unique process control software and services, allows us to deliver solutions that help our customers achieve their technology advancement and high-volume production goals by improving yields while reducing waste, risks and costs.