Monitor the Say-on-Pay vote result; last year's 92.4% approval suggests strong support, but any decline could signal emerging compensation concerns. The proxy confirms strong FY2026 financials with double-digit revenue and net income growth, reinforcing the pay-for-performance narrative.
Price Chart
Executive Summary
KLA Corporation filed its definitive proxy statement for the 2026 Annual Meeting of Stockholders, scheduled for November 4, 2026. The filing includes proposals to elect nine director nominees, ratify PricewaterhouseCoopers LLP as auditor, and hold an advisory vote on executive compensation. The proxy details strong FY2026 financial performance with revenue of $13.58 billion (up 11.7% YoY) and net income of $4.83 billion (up 18.9% YoY), alongside executive compensation tied to these results.
Key Facts
- FY2026 total revenues were $13,579,476,000, up 11.7% from FY2025.
- FY2026 net income was $4,830,771,000, up 18.9% from FY2025.
- CEO Richard Wallace's FY2026 total compensation was $29,954,476, with 96% at-risk.
- Last year's Say-on-Pay vote received approximately 92.4% approval.
- Nine incumbent directors are nominated for election; Jason Conley is not standing for reelection.
- Board is 8 of 9 independent, with an independent Chairman (Robert Calderoni).
- No shareholder proposals are on the ballot.
- Audit fees for FY2026 were $5.7 million, down from $6.1 million in FY2025.
Financial Impact
FY2026 revenue $13.58B, net income $4.83B, dividends and stock repurchases $3.35B
Risk Factors
- No shareholder proposals or contested director elections indicate low governance tension.
- CEO compensation at $29.95M is high but aligned with strong performance metrics.
- Director Jason Conley not standing for reelection due to scheduling conflicts — no governance concern.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| DEF 14A Filing (Primary) | 0001193125-26-397898 |
| Document: 0001193125-26-397898-index-headers.html | 0001193125-26-397898 |
| Document: 0001193125-26-397898-index.html | 0001193125-26-397898 |
| Document: 0001193125-26-397898.txt | 0001193125-26-397898 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 10d ago | Institutional Cluster | $166.40 $149.21 | ▼ −10.33% | ▼ −10.19% | $150.63 (−9.48%) |
Sep 22, 2026 4w ago | DEF 14A | $187.86 $194.93 | ▲ +3.76% | ▲ +4.44% | $150.63 (−19.82%) |
Aug 14, 2026 10w ago | Insider Cluster | $205.76 $181.57 | ▲ +11.76% | ▲ +10.57% | $150.63 (+26.79%) |
Aug 13, 2026 10w ago | Insider Cluster | $203.72 $183.99 | ▼ −9.68% | ▼ −8.32% | $150.63 (−26.06%) |
Aug 12, 2026 10w ago | Insider Cluster | $209.37 $185.86 | ▼ −11.23% | ▼ −9.26% | $150.63 (−28.06%) |
Aug 11, 2026 10w ago | Insider Cluster | $208.25 $187.27 | ▼ −10.07% | ▼ −9.63% | $150.63 (−27.67%) |
Aug 5, 2026 11w ago | Insider Cluster | $193.22 $209.37 | ▲ +8.36% | ▲ +7.15% | $150.63 (−22.04%) |
Aug 5, 2026 11w ago | Insider Cluster | $193.22 $209.37 | ▲ +8.36% | ▲ +7.15% | $150.63 (−22.04%) |
Aug 5, 2026 11w ago | Insider Cluster | $193.22 $209.37 | ▲ +8.36% | ▲ +7.15% | $150.63 (−22.04%) |
Aug 5, 2026 11w ago | Insider Cluster | $193.22 $209.37 | ▲ +8.36% | ▲ +7.15% | $150.63 (−22.04%) |
US Market Status
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