{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-070222","form_type":"8-K","ticker":"KLAC","cik":"0000319201","company_name":"KLA CORP","filed_at":"2024-03-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.554281+00:00","generated_at":"2026-06-04T16:06:44.577001+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"KLA exits FPD business, revises March Q guidance downward on $110M-$140M charges","bullets":["Exiting flat panel display business by Dec 31, 2024 after major customer canceled project; FPD was 1.4% of 2023 revenue.","Expects $60M-$70M non-cash inventory write-off and $50M-$70M goodwill/intangibles impairment for March quarter.","Revises March Q GAAP gross margin to 55.6%-57.6% (from 58.4%-60.4%) and GAAP diluted EPS to $3.46-$4.66 (from $4.33-$5.53).","Non-GAAP gross margin revised to 57.7%-59.7% (from 60.5%-62.5%) and non-GAAP diluted EPS to $4.23-$5.43 (from $4.66-$5.86).","Revenue guidance for March Q reaffirmed at $2.3B ± $125M; longer-term profitability margins expected to improve immaterially."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-070222","json":"https://secwatch.observer/filing/0001193125-24-070222.json","markdown":"https://secwatch.observer/filing/0001193125-24-070222.md","text":"https://secwatch.observer/filing/0001193125-24-070222.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319201/000119312524070222/0001193125-24-070222-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319201/000119312524070222/d810936d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T16:06:44.577001+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}