KLA Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

NET INCOME PER SHARE

NET INCOME PER SHARE

12 Months Ended

Jun. 30, 2024

Basic net income per share is calculated by dividing net income available to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted net income per share is calculated by using the weighted-average number of common shares outstanding during the period, increased to include the number of additional shares of common stock that would have been outstanding if the shares of common stock underlying our outstanding dilutive RSUs had been issued. The dilutive effect of outstanding RSUs is reflected in diluted net income per share by application of the treasury stock method. In addition, the shares delivered under the ASR Agreements discussed in Note 11 “Stock Repurchase Program” in the fourth quarter of fiscal 2022 and second quarter of fiscal 2023 resulted in a reduction of outstanding shares used to determine our weighted-average common shares outstanding for purposes of calculating basic and diluted earnings per share for those respective fiscal years.

The following table sets forth the computation of basic and diluted net income per share attributable to KLA:


(In thousands, except per share amounts)	Year Ended June 30,
	2024		2023		2022
Numerator:
Net income attributable to KLA	$	2,761,896	$	3,387,277	$	3,321,807
Denominator:
Weighted-average shares - basic, excluding unvested RSUs	135,345		139,483		150,494
Effect of dilutive RSUs and options	842		752		1,061
Weighted-average shares - diluted	136,187		140,235		151,555
Basic net income per share attributable to KLA	$	20.41	$	24.28	$	22.07
Diluted net income per share attributable to KLA	$	20.28	$	24.15	$	21.92
Anti-dilutive securities excluded from the computation of diluted net income per share	35		8		7