KLA Investor Day Presentation Deck

Introducing 2026E Target Model Prior 2023E Target Model Revenue Gross Margin%¹ R&D%¹ SG&A%¹ Operating Margin%¹ Diluted EPS¹ Capital Allocation ¹Non-GAAP measure $7.0B - $7.5B 61%+ ~14% ~11% 36%+ $14.50 - $15.50 New 2026E Target Model $14B +/- $500M Target > 70% of FCF ~63% ~13% ~8% 41% - 43% $38.00 +/- $1.50 Ongoing Financial Target >85% of FCF Framework ~9% -11% CAGR 40% -50% (Incremental) ~1.5x Revenue Growth Rate Macro Assumptions ■ CY21-CY26E semiconductor industry CAGR of ~6-7% WFE grows faster than Semi revs ■ ■ ■ Process Control market grows > WFE Business Assumptions Intensity/market share gain at leading edge ■ ■ ~55-60% foundry/logic, ~40-45% memory mix Hybrid Approach: Dividend + Repurchases Focused on driving consistent, profitable growth and delivering shareholder value ■ Increasing exposure to legacy markets New market penetration KLAH Investor Day 132

View entire presentation