In the most recent quarter, Q2'26, KLAC's operating cash flow reached $1.37B USD, marking a robust increase from $1.16B USD in Q1'26 and reflecting strong operational performance. Free cash flow also surged to $1.26B USD in Q2'26, up from $1.07B USD in the prior quarter, indicating improved liquidity after capital expenditures. Over the period from Q3'23 to Q2'26, operating cash flow exhibited volatility with an initial decline from $1.01B USD to a low of $622M USD in Q2'24, followed by a steady recovery and acceleration to new highs above $1.3B USD in recent quarters, suggesting enhanced efficiency in core business activities. Free cash flow mirrored this trend, dropping to $551M USD in Q2'24 before climbing progressively to $1.26B USD, highlighting KLAC's ability to generate substantial free cash amid fluctuating investments, with an overall upward trajectory supporting potential growth initiatives.