As of Q2'26, KLAC's cash and short-term investments reached $5.21B, marking a significant increase from $4.68B in Q1'26 and reflecting robust liquidity growth. In contrast, total debt stood stable at $5.89B, showing minimal change from the prior quarter and maintaining a consistent level throughout the period. Over the timeframe from Q3'23 to Q2'26, cash and short-term investments exhibited a strong upward trend, rising from $2.89B to $5.21B with notable accelerations in Q3'24 ($4.29B) and Q2'26, despite a temporary dip to $3.78B in Q2'25. Debt remained largely stable, fluctuating narrowly between $5.89B and $6.63B, with a brief uptick to $6.63B in Q4'24 before reverting to baseline levels, underscoring KLAC's conservative debt management amid expanding cash reserves. This dynamic has improved the net cash position progressively, from a deficit of approximately $3B in Q3'23 to a near balance in Q2'26.