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KLA Corporation（KLAC）与微芯科技（MCHP）财务数据对比。点击上方公司名可切换其他公司
KLA Corporation的季度营收约是微芯科技的2.8倍（$3.3B vs $1.2B），KLA Corporation净利率更高（34.7% vs 5.3%，领先29.5%），微芯科技同比增速更快（15.6% vs 7.2%），KLA Corporation自由现金流更多（$1.3B vs $318.9M），过去两年KLA Corporation的营收复合增速更高（18.2% vs -5.4%）
KLA Corporation是总部位于美国加利福尼亚州米尔皮塔斯的企业，主营晶圆制造设备，为半导体及相关纳米电子行业提供过程控制与良率管理系统，产品及服务覆盖晶圆、光罩、集成电路、封装生产从研发到批量制造的全流程。
微芯科技（Microchip Technology）是美国知名上市半导体企业，主营微控制器、混合信号芯片、模拟芯片及闪存知识产权（Flash-IP）相关集成电路的研发、生产与销售，产品覆盖工业控制、汽车电子、消费电子、物联网等众多领域，在全球半导体细分市场拥有领先地位。
KLAC vs MCHP — 直观对比
营收规模更大
KLAC
是对方的2.8倍
$1.2B
营收增速更快
MCHP
高出8.4%
7.2%
净利率更高
KLAC
高出29.5%
5.3%
自由现金流更多
KLAC
多$943.1M
$318.9M
两年增速更快
KLAC
近两年复合增速
-5.4%
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $1.2B |
| 净利润 | $1.1B | $62.7M |
| 毛利率 | 61.4% | 59.6% |
| 营业利润率 | — | 12.8% |
| 净利率 | 34.7% | 5.3% |
| 营收同比 | 7.2% | 15.6% |
| 净利润同比 | 39.0% | 217.0% |
| 每股收益（稀释后） | $8.68 | $0.06 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收KLACMCHP
| Q4 25 | $3.3B | $1.2B | ||
| Q3 25 | $3.2B | $1.1B | ||
| Q2 25 | $3.2B | $1.1B | ||
| Q1 25 | $3.1B | $970.5M | ||
| Q4 24 | $3.1B | $1.0B | ||
| Q3 24 | $2.8B | $1.2B | ||
| Q2 24 | $2.6B | $1.2B | ||
| Q1 24 | $2.4B | $1.3B |
净利润KLACMCHP
| Q4 25 | $1.1B | $62.7M | ||
| Q3 25 | $1.1B | $41.7M | ||
| Q2 25 | $1.2B | $-18.6M | ||
| Q1 25 | $1.1B | $-154.6M | ||
| Q4 24 | $824.5M | $-53.6M | ||
| Q3 24 | $945.9M | $78.4M | ||
| Q2 24 | $836.4M | $129.3M | ||
| Q1 24 | $601.5M | $154.7M |
毛利率KLACMCHP
| Q4 25 | 61.4% | 59.6% | ||
| Q3 25 | 61.3% | 55.9% | ||
| Q2 25 | 62.0% | 53.6% | ||
| Q1 25 | 61.6% | 51.6% | ||
| Q4 24 | 60.3% | 54.7% | ||
| Q3 24 | 59.6% | 57.4% | ||
| Q2 24 | 60.7% | 59.4% | ||
| Q1 24 | 57.9% | 59.6% |
营业利润率KLACMCHP
| Q4 25 | — | 12.8% | ||
| Q3 25 | — | 7.8% | ||
| Q2 25 | 41.9% | 3.0% | ||
| Q1 25 | 41.3% | -10.3% | ||
| Q4 24 | 31.6% | 3.0% | ||
| Q3 24 | 38.0% | 12.6% | ||
| Q2 24 | 36.8% | 17.7% | ||
| Q1 24 | 29.7% | 19.1% |
净利率KLACMCHP
| Q4 25 | 34.7% | 5.3% | ||
| Q3 25 | 34.9% | 3.7% | ||
| Q2 25 | 37.9% | -1.7% | ||
| Q1 25 | 35.5% | -15.9% | ||
| Q4 24 | 26.8% | -5.2% | ||
| Q3 24 | 33.3% | 6.7% | ||
| Q2 24 | 32.6% | 10.4% | ||
| Q1 24 | 25.5% | 11.7% |
每股收益（稀释后）KLACMCHP
| Q4 25 | $8.68 | $0.06 | ||
| Q3 25 | $8.47 | $0.03 | ||
| Q2 25 | $9.04 | $-0.09 | ||
| Q1 25 | $8.16 | $-0.29 | ||
| Q4 24 | $6.16 | $-0.10 | ||
| Q3 24 | $7.01 | $0.14 | ||
| Q2 24 | $6.16 | $0.24 | ||
| Q1 24 | $4.43 | $0.29 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $2.5B | $250.7M |
| 总债务越低越好 | $5.9B | $5.4B |
| 股东权益账面价值 | $5.5B | $6.6B |
| 总资产 | $16.7B | $14.3B |
| 负债/权益比越低杠杆越低 | 1.08× | 0.82× |
8季度趋势，按日历期对齐
现金及短期投资KLACMCHP
| Q4 25 | $2.5B | $250.7M | ||
| Q3 25 | $1.9B | $236.8M | ||
| Q2 25 | $2.1B | $566.5M | ||
| Q1 25 | $1.9B | $771.7M | ||
| Q4 24 | $1.8B | $586.0M | ||
| Q3 24 | $2.0B | $286.1M | ||
| Q2 24 | $2.0B | $315.1M | ||
| Q1 24 | $1.8B | $319.7M |
总债务KLACMCHP
| Q4 25 | $5.9B | $5.4B | ||
| Q3 25 | $5.9B | $5.4B | ||
| Q2 25 | $5.9B | $5.5B | ||
| Q1 25 | $5.9B | $5.6B | ||
| Q4 24 | $5.9B | $6.7B | ||
| Q3 24 | $5.9B | $6.4B | ||
| Q2 24 | $5.9B | $6.2B | ||
| Q1 24 | $5.9B | $6.0B |
股东权益KLACMCHP
| Q4 25 | $5.5B | $6.6B | ||
| Q3 25 | $5.0B | $6.7B | ||
| Q2 25 | $4.7B | $6.9B | ||
| Q1 25 | $4.0B | $7.1B | ||
| Q4 24 | $3.6B | $6.0B | ||
| Q3 24 | $3.6B | $6.3B | ||
| Q2 24 | $3.4B | $6.4B | ||
| Q1 24 | $3.1B | $6.7B |
总资产KLACMCHP
| Q4 25 | $16.7B | $14.3B | ||
| Q3 25 | $16.3B | $14.5B | ||
| Q2 25 | $16.1B | $15.0B | ||
| Q1 25 | $15.2B | $15.4B | ||
| Q4 24 | $15.0B | $15.6B | ||
| Q3 24 | $15.7B | $15.6B | ||
| Q2 24 | $15.4B | $15.8B | ||
| Q1 24 | $15.0B | $15.9B |
负债/权益比KLACMCHP
| Q4 25 | 1.08× | 0.82× | ||
| Q3 25 | 1.18× | 0.80× | ||
| Q2 25 | 1.25× | 0.80× | ||
| Q1 25 | 1.47× | 0.80× | ||
| Q4 24 | 1.64× | 1.12× | ||
| Q3 24 | 1.65× | 1.02× | ||
| Q2 24 | 1.75× | 0.96× | ||
| Q1 24 | 1.90× | 0.90× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $1.4B | $341.4M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $318.9M |
| 自由现金流率自由现金流/营收 | 38.3% | 26.9% |
| 资本支出强度资本支出/营收 | 3.2% | 1.9% |
| 现金转化率经营现金流/净利润 | 1.19× | 5.44× |
| 过去12个月自由现金流最近4个季度 | $4.4B | $819.9M |
8季度趋势，按日历期对齐
经营现金流KLACMCHP
| Q4 25 | $1.4B | $341.4M | ||
| Q3 25 | $1.2B | $88.1M | ||
| Q2 25 | $1.2B | $275.6M | ||
| Q1 25 | $1.1B | $205.9M | ||
| Q4 24 | $849.5M | $271.5M | ||
| Q3 24 | $995.2M | $43.6M | ||
| Q2 24 | $892.6M | $377.1M | ||
| Q1 24 | $910.0M | $430.0M |
自由现金流KLACMCHP
| Q4 25 | $1.3B | $318.9M | ||
| Q3 25 | $1.1B | $51.6M | ||
| Q2 25 | $1.1B | $257.7M | ||
| Q1 25 | $990.0M | $191.7M | ||
| Q4 24 | $757.2M | $253.4M | ||
| Q3 24 | $934.8M | $22.8M | ||
| Q2 24 | $831.9M | $304.2M | ||
| Q1 24 | $838.2M | $389.9M |
自由现金流率KLACMCHP
| Q4 25 | 38.3% | 26.9% | ||
| Q3 25 | 33.2% | 4.5% | ||
| Q2 25 | 33.5% | 24.0% | ||
| Q1 25 | 32.3% | 19.8% | ||
| Q4 24 | 24.6% | 24.7% | ||
| Q3 24 | 32.9% | 2.0% | ||
| Q2 24 | 32.4% | 24.5% | ||
| Q1 24 | 35.5% | 29.4% |
资本支出强度KLACMCHP
| Q4 25 | 3.2% | 1.9% | ||
| Q3 25 | 3.0% | 3.2% | ||
| Q2 25 | 3.2% | 1.7% | ||
| Q1 25 | 2.7% | 1.5% | ||
| Q4 24 | 3.0% | 1.8% | ||
| Q3 24 | 2.1% | 1.8% | ||
| Q2 24 | 2.4% | 5.9% | ||
| Q1 24 | 3.0% | 3.0% |
现金转化率KLACMCHP
| Q4 25 | 1.19× | 5.44× | ||
| Q3 25 | 1.04× | 2.11× | ||
| Q2 25 | 0.97× | — | ||
| Q1 25 | 0.99× | — | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.05× | 0.56× | ||
| Q2 24 | 1.07× | 2.92× | ||
| Q1 24 | 1.51× | 2.78× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
KLAC
| Wafer Inspection | $1.6B | 48% |
| Services | $786.1M | 24% |
| Patterning | $696.2M | 21% |
| Specialty Semiconductor Process | $121.6M | 4% |
| PCB And Component Inspection | $80.3M | 2% |
| Other Revenue | $40.2M | 1% |
MCHP
| Mixed Signal Microcontrollers | $586.5M | 49% |
| Analog | $322.9M | 27% |
| Other Product Line | $276.6M | 23% |
