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KLAC

KLA Corporation

KLAC

NASDAQ·Technology·Semiconductors·Mkt cap $347.7B

$229.24

▼ -13.88%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$83.22 - $307.37

P/E

6.49

Fwd P/E

44.78

Beta

1.50

Div Yield

0.30%

Avg Vol

11.1M

Shares Out

130.6M

Mkt Cap

$347.7B

Price action

Price chart

Up 189.0% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

▲

Bull Case

5 reasons

  • Dominant market position in wafer inspection and metrology with high switching costs
  • Comprehensive integrated product portfolio addressing entire semiconductor manufacturing workflow
  • Advanced software and AI capabilities for real-time process control and defect classification
  • Strong customer relationships with leading global chipmakers creating sticky recurring revenue
  • Decades of process expertise and proprietary technology difficult for competitors to replicate
▼

Bear Case

2 risks

  • Above-average volatility (beta 1.5).
  • Premium valuation to Semiconductor Equipment peers

Growth

Strong growth ahead

Increased semiconductor capital expenditure driven by AI, data center, and advanced node demand

Value

Premium valuation to Semiconductor Equipment peers

Momentum

Hot

+75.5% over 3m

Quality

Excellent

Exceptional business - top-tier fundamentals

Dividend

Token

0.30% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 23, 2026

“
Q2 26 RECAP

APR 29, 2026

Reported EPS of $9.40 vs $9.17 consensus (+2.5% surprise). Revenue of $3.4B vs $3.4B expected (+1.2%). Beat on both top and bottom lines.

EPS beat +2.5%
Rev beat +1.2%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+2.5%

Next: Apr 23, 2026

Revenue trend · last 8Q

—

—

+24%

+30%

+24%

+13%

+7%

+11%

Q4 24

Q1 24

Q2 24

Q3 25

Q4 25

Q1 25

Q2 25

Q3 26

$2.6B

$2.8B

$3.1B

$3.1B

$3.2B

$3.2B

$3.3B

$3.4B

Margins · last 8Q

Gross

61.1%

Operating

41.2%

Profit

35.2%

View full earnings history →

Wall Street consensus

17 analysts · 76% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

13

76%

Hold

4

24%

Sell

0%

Median Price Target

$1,875.00

▲ +717.9% vs $229.24

Low $325.00
Median $1,875.00
High $2,000.00

Latest: Susquehanna · Jun 30, 2026

11 analysts covering

View full analyst page →

vs Industry

How KLAC stacks vs Semiconductors

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.