HIGHBuilt-inGeographic
89%
international (non-U.S.) revenue
“10-K Item 1: 'International revenues accounted for approximately 89% of our total revenues in both of the fiscal years ended June 30, 2025 and 2024'”
KLAC · Concentration risk · 10-K extracted
KLA (KLAC) concentration risks
Updated
The most significant concentration KLA discloses is international (non-U.S.) revenue at 89%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: KLA’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 4 disclosed concentrations
HIGH2
MEDIUM1
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHOutside partySupplier
single supplier for certain parts
“10-K Item 1: 'Certain parts and raw materials included in our systems may be obtained only from a single supplier or a limited group of suppliers'”
MEDIUMBuilt-inGeographic
33%
China revenue
“10-K Item 1A: 'Our revenue from sales of products and provision of services to customers in China was 33%, 43% and 27% for fiscal years 2025, 2024 and 2023, respectively'”
LOWOutside partyCustomer
Taiwan Semiconductor Manufacturing Company Limited
“10-K Item 1: 'the following customers each accounted for more than 10% of total revenues...Taiwan Semiconductor Manufacturing Company Limited'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile is dominated by a large-share geographic revenue tilt combined with a high-share supplier dependency and a notable China-specific sub-concentration. International revenues accounted for approximately 89% of total revenues in both fiscal years ended June 30, 2025 and 2024, a large share by disclosed size and structural in character — semiconductor equipment demand is inherently global, and the relevant fabs are predominantly outside the United States. This structural geographic concentration is the defining feature of the revenue profile. Within that international base, China was the largest disclosed single-country exposure: revenue from customers in China was 33% of total revenues in fiscal 2025, a moderate share by disclosed size. China at that share represents a meaningful sub-concentration within the broader international base, and its dependency on stable export licensing and geopolitical trade conditions creates an exposure that the broader international share does not fully capture — policy-driven restrictions on semiconductor equipment exports to China would affect that share directly. On the supply side, certain parts and raw materials included in systems may be obtained only from a single supplier or a limited group of suppliers, a high-share dependency by disclosed size. Single-source components in precision semiconductor equipment create operational risk that cannot easily be mitigated by stockpiling given the complexity and customization involved. The filing also identifies Taiwan Semiconductor Manufacturing Company Limited as accounting for more than 10% of total revenues, a low-share customer dependency. Overall the profile is concentrated toward international revenues with China and single-source supply as the primary idiosyncratic watch variables.
For the engine’s reasoning on KLAC’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Semiconductor Equipment & Materials
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ACLS | Axcelis Technologies, Inc. | 3 | 1 | 0 | 4 |
| ACMR | ACM Research, Inc. | 3 | 0 | 0 | 3 |
| AMBA | Ambarella, Inc. | 3 | 0 | 0 | 3 |
| KLAC● | KLA Corporation | 2 | 1 | 1 | 4 |
| AMAT | Applied Materials, Inc. | 2 | 0 | 2 | 4 |
| AMKR | Amkor Technology, Inc. | 1 | 2 | 0 | 3 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.