KLA (KLAC)
Market Price (12/29/2025): $1279.5 | Market Cap: $168.6 BilSector: Information Technology | Industry: Semiconductor Materials & Equipment
KLA (KLAC)
Market Price (12/29/2025): $1279.5Market Cap: $168.6 BilSector: Information TechnologyIndustry: Semiconductor Materials & Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 42% | Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% | Stock price has recently run up significantly12M Rtn12 month market price return is 100% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 34%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31%, CFO LTM is 4.2 Bil, FCF LTM is 3.9 Bil | Key risksKLAC key risks include [1] its substantial revenue from China being threatened by U.S. Show more. | |
| Low stock price volatilityVol 12M is 43% | ||
| Megatrend and thematic driversMegatrends include Artificial Intelligence, Automation & Robotics, Advanced Materials, and 5G & Advanced Connectivity. Show more. |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 42% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 34%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31%, CFO LTM is 4.2 Bil, FCF LTM is 3.9 Bil |
| Low stock price volatilityVol 12M is 43% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, Automation & Robotics, Advanced Materials, and 5G & Advanced Connectivity. Show more. |
| Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% |
| Stock price has recently run up significantly12M Rtn12 month market price return is 100% |
| Key risksKLAC key risks include [1] its substantial revenue from China being threatened by U.S. Show more. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
1. Strong Financial Performance and Exceeding GuidanceKLA reported robust fiscal Q4 2025 results (ending June 30, 2025) and fiscal Q1 2026 results (ending September 30, 2025), consistently surpassing revenue, earnings per share (EPS), and cash flow guidance and analyst expectations. For instance, in Q4 2025, KLA's revenue reached $3.175 billion, and non-GAAP EPS was $9.38, both at or above the high end of guidance. The company's Q1 2026 (September quarter) also saw strong performance with $3.21 billion in revenue and non-GAAP EPS of $8.81, beating analyst estimates.
2. Surging Demand in AI and Advanced Semiconductor MarketsA significant driver for KLA's performance was the robust demand from advanced semiconductor manufacturing and AI-driven applications. The industry saw increasing investments in leading-edge logic, high-bandwidth memory (HBM), and advanced packaging, all critical areas where KLA provides essential process control and yield management solutions. Global semiconductor manufacturing equipment sales were projected to increase significantly in 2025, fueled by AI demand.
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Stock Movement Drivers
Fundamental Drivers
The 20.4% change in KLAC stock from 9/28/2025 to 12/28/2025 was primarily driven by a 15.2% change in the company's P/E Multiple.| 9282025 | 12282025 | Change | |
|---|---|---|---|
| Stock Price ($) | 1062.51 | 1279.60 | 20.43% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 12156.16 | 12524.32 | 3.03% |
| Net Income Margin (%) | 33.41% | 33.83% | 1.25% |
| P/E Multiple | 34.54 | 39.79 | 15.21% |
| Shares Outstanding (Mil) | 132.04 | 131.76 | 0.21% |
| Cumulative Contribution | 20.43% |
Market Drivers
9/28/2025 to 12/28/2025| Return | Correlation | |
|---|---|---|
| KLAC | 20.4% | |
| Market (SPY) | 4.3% | 72.8% |
| Sector (XLK) | 5.1% | 75.9% |
Fundamental Drivers
The 44.4% change in KLAC stock from 6/29/2025 to 12/28/2025 was primarily driven by a 25.1% change in the company's P/E Multiple.| 6292025 | 12282025 | Change | |
|---|---|---|---|
| Stock Price ($) | 886.45 | 1279.60 | 44.35% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 11550.16 | 12524.32 | 8.43% |
| Net Income Margin (%) | 31.99% | 33.83% | 5.74% |
| P/E Multiple | 31.81 | 39.79 | 25.09% |
| Shares Outstanding (Mil) | 132.61 | 131.76 | 0.64% |
| Cumulative Contribution | 44.35% |
Market Drivers
6/29/2025 to 12/28/2025| Return | Correlation | |
|---|---|---|
| KLAC | 44.4% | |
| Market (SPY) | 12.6% | 60.3% |
| Sector (XLK) | 17.0% | 68.9% |
Fundamental Drivers
The 100.1% change in KLAC stock from 12/28/2024 to 12/28/2025 was primarily driven by a 37.6% change in the company's P/E Multiple.| 12282024 | 12282025 | Change | |
|---|---|---|---|
| Stock Price ($) | 639.35 | 1279.60 | 100.14% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 10256.83 | 12524.32 | 22.11% |
| Net Income Margin (%) | 28.92% | 33.83% | 16.97% |
| P/E Multiple | 28.91 | 39.79 | 37.64% |
| Shares Outstanding (Mil) | 134.13 | 131.76 | 1.77% |
| Cumulative Contribution | 100.08% |
Market Drivers
12/28/2024 to 12/28/2025| Return | Correlation | |
|---|---|---|
| KLAC | 100.1% | |
| Market (SPY) | 17.0% | 75.8% |
| Sector (XLK) | 24.0% | 80.7% |
Fundamental Drivers
The 246.9% change in KLAC stock from 12/29/2022 to 12/28/2025 was primarily driven by a 149.5% change in the company's P/E Multiple.| 12292022 | 12282025 | Change | |
|---|---|---|---|
| Stock Price ($) | 368.85 | 1279.60 | 246.92% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 9852.47 | 12524.32 | 27.12% |
| Net Income Margin (%) | 33.28% | 33.83% | 1.63% |
| P/E Multiple | 15.95 | 39.79 | 149.45% |
| Shares Outstanding (Mil) | 141.83 | 131.76 | 7.10% |
| Cumulative Contribution | 245.17% |
Market Drivers
12/29/2023 to 12/28/2025| Return | Correlation | |
|---|---|---|
| KLAC | 124.0% | |
| Market (SPY) | 48.4% | 70.5% |
| Sector (XLK) | 54.0% | 79.9% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| KLAC Return | 48% | 68% | -11% | 56% | 9% | 104% | 670% |
| Peers Return | 16% | 38% | -12% | 21% | 26% | 16% | 150% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 114% |
Monthly Win Rates [3] | |||||||
| KLAC Win Rate | 67% | 75% | 42% | 67% | 42% | 58% | |
| Peers Win Rate | 52% | 65% | 42% | 68% | 57% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| KLAC Max Drawdown | -36% | 0% | -38% | -5% | -6% | -8% | |
| Peers Max Drawdown | -34% | -5% | -26% | -7% | -9% | -23% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL. See KLAC Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)
How Low Can It Go
| Event | KLAC | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -40.8% | -25.4% |
| % Gain to Breakeven | 69.1% | 34.1% |
| Time to Breakeven | 221 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -37.5% | -33.9% |
| % Gain to Breakeven | 60.1% | 51.3% |
| Time to Breakeven | 75 days | 148 days |
| 2018 Correction | ||
| % Loss | -33.6% | -19.8% |
| % Gain to Breakeven | 50.7% | 24.7% |
| Time to Breakeven | 87 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -75.6% | -56.8% |
| % Gain to Breakeven | 309.8% | 131.3% |
| Time to Breakeven | 1,790 days | 1,480 days |
Compare to HPQ, HPE, IBM, CSCO, AAPL
In The Past
KLA's stock fell -40.8% during the 2022 Inflation Shock from a high on 1/14/2022. A -40.8% loss requires a 69.1% gain to breakeven.
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AI Analysis | Feedback
Here are 1-3 brief analogies for KLA (KLAC):- KLA is like the John Deere for chip manufacturing, supplying the essential, complex equipment that produces advanced microchips.
- KLA is like the Zeiss for semiconductors, providing the ultra-precise inspection and metrology tools critical for making high-quality chips.
- KLA is like the Dolby Labs of microchip production, offering the indispensable process control technology that ensures chip quality and performance.
AI Analysis | Feedback
```html- Wafer Inspection Systems: Equipment designed to detect defects and anomalies on semiconductor wafers throughout the manufacturing process.
- Reticle and Mask Inspection Systems: Tools used to inspect the photomasks and reticles, which are critical patterns used to print circuits on wafers, for defects.
- Metrology Systems: Advanced instruments that measure critical dimensions, film thickness, material properties, and other physical characteristics on wafers.
- Process Control Software & Analytics: Software solutions and analytics platforms that integrate data from inspection and metrology systems to optimize manufacturing processes and improve yield.
AI Analysis | Feedback
KLA Corporation (KLAC) primarily sells its products and services to other companies (B2B) in the semiconductor, data storage, and related advanced electronics manufacturing industries. KLA is a leading provider of process control and yield management solutions, making its customer base comprise the world's major chipmakers.
While KLA's annual filings (10-K) state that a significant portion of its revenue comes from a limited number of major customers (e.g., its largest customer accounted for 12-14% of total revenue in fiscal years 2021-2023), the company does not publicly disclose the specific names of these individual customers. Therefore, it is not possible to list their officially identified names from public disclosures.
However, based on KLA's market position and the nature of its advanced equipment, its major customers are widely understood to be the world's largest:
- Integrated Device Manufacturers (IDMs): Companies that design and manufacture their own semiconductors (e.g., Intel, Samsung).
- Pure-Play Foundries: Companies that specialize exclusively in manufacturing semiconductors designed by other companies (e.g., TSMC, Samsung Foundry).
- Memory Manufacturers: Companies focused on producing memory chips (e.g., DRAM, NAND flash) (e.g., Micron, Samsung, SK Hynix).
- Other advanced electronics manufacturers: Including wafer manufacturers and advanced packaging companies.
Based on industry analysis and market share in semiconductor manufacturing, the following leading companies in these categories are widely considered to be among KLA's primary customers:
- Taiwan Semiconductor Manufacturing Company (TSMC) – NYSE: TSM
- Intel Corporation (Intel) – NASDAQ: INTC
- Samsung Electronics Co., Ltd. (Samsung) – KRX: 005930
- Micron Technology, Inc. (Micron) – NASDAQ: MU
- SK Hynix Inc. (SK Hynix) – KRX: 000660
- Texas Instruments Incorporated (Texas Instruments) – NASDAQ: TXN
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Rick Wallace, President and Chief Executive Officer
Rick Wallace serves as the Chief Executive Officer and President of KLA, and is also a member of the company's Board of Directors. He joined KLA Instruments in 1988 as an applications engineer and has since held various general management positions throughout his more than 30-year tenure with the company. These roles include President and Chief Operating Officer, Executive Vice President of the Customer Group, and Executive Vice President of the Wafer Inspection Group. Wallace became President and CEO in January 2006. Earlier in his career, he held positions with Ultratech Stepper, Cypress Semiconductor, and Procter & Gamble. He currently serves on the Board of Directors of Marvell Technology, Inc. He previously served on the Board of Directors of Splunk, Proofpoint (which was acquired in 2021 by Thoma Bravo), and NetApp. Wallace also served on the Board of Directors of SEMI (Semiconductor Equipment and Materials International), including a term as its Chairman of the Board. He earned a bachelor's degree in electrical engineering from the University of Michigan and a master's degree in engineering management from Santa Clara University.
Bren Higgins, Executive Vice President and Chief Financial Officer
Bren Higgins oversees KLA's worldwide finance and accounting organizations, global manufacturing, logistics and supply chain operations, business development (including mergers and acquisitions), workplace services, IT, and investor relations. He joined KLA in 1999 and has held numerous roles within the company, including multiple division controller assignments, group controller for KLA's largest business group, senior director of financial planning and analysis, and Vice President of corporate finance, where he was responsible for treasury, investor relations, and corporate business development. Higgins was appointed Executive Vice President and Chief Financial Officer in July 2013. He earned his bachelor's degree from the University of California at Santa Barbara and his Master of Business Administration degree with a concentration in Finance from the University of California at Davis.
Ahmad Khan, President, Semiconductor Products and Customers
Ahmad Khan serves as President of KLA's combined product and customer organization, Semiconductor Products and Customers (Semi PC). He joined KLA in 2004, initially with responsibilities for business development. Over his tenure, he has moved through various management positions, including general manager of the Optical Films Metrology division, Group Vice President for the Patterning Division, Executive Vice President of the Global Products Group, and President of Semi PC. Before joining KLA, Khan held various project engineering and management roles at Applied Materials for nine years. He earned his bachelor's degree in electronics engineering technology from DeVry University.
Brian Lorig, Executive Vice President, KLA Global Services
Brian Lorig serves as Executive Vice President of the KLA Global Services organization, which is responsible for enabling customers to maintain high availability and performance of KLA tools and maximize the long-term value of their systems. He joined KLA in 1998 and has held a number of leadership positions in Manufacturing Operations and Service. These roles include Vice President of U.S. Manufacturing and Operations Group and Vice President of Global Support and Services Field Operations. Mr. Lorig earned his bachelor's degree in supply chain management from Arizona State University and his MBA from Santa Clara University.
MaryBeth Wilkinson, Executive Vice President, Chief Legal Officer and Corporate Secretary
MaryBeth Wilkinson serves as Executive Vice President, Chief Legal Officer and Corporate Secretary for KLA. In this role, she leads the global legal and compliance organization and provides guidance to the board of directors, executive team, and senior leaders. Her legal oversight responsibilities include risk mitigation, corporate governance, litigation, mergers and acquisitions, public disclosure and SEC reporting, investor relations, interactions with regulators and governments, top-level internal investigations, international trade, transactional affairs, and capital market transactions. Before joining KLA in September 2020, she was senior vice president, general counsel and corporate secretary of O-I Glass Inc., and prior to that, she was a Chicago-based partner in an international law firm. Ms. Wilkinson earned her bachelor's degree summa cum laude from Saint Mary's College, Notre Dame, Indiana, with a double major in economics and English writing.
AI Analysis | Feedback
KLA Corporation (KLAC) faces several key business risks, primarily stemming from geopolitical dynamics and the inherent nature of the semiconductor industry.1. Geopolitical Tensions and Export Controls: KLA Corporation is significantly exposed to the ongoing trade tensions and export control regulations, particularly between the United States and China. China has historically been a substantial market for KLA, accounting for a large portion of its revenue. U.S. export controls, such as those implemented by the Bureau of Industry and Security (BIS), restrict the sale of advanced semiconductor equipment to China, which is projected to reduce KLA's revenue share from China. These regulations create uncertainty and can materially impact the company's financial performance by limiting its access to a key market and disrupting global supply chains.
2. Semiconductor Industry Cyclicality: The semiconductor industry is known for its inherent cyclicality, characterized by periods of growth and contraction in capital spending by customers. KLA's financial performance is highly sensitive to these fluctuations, as reduced demand for electronic devices or tightened credit markets during downturns can lead customers to delay or cancel orders for KLA's equipment.
3. Customer Concentration: KLA relies on a concentrated customer base, including some of the world's largest chipmakers. This reliance means that a reduction in orders, changes in technology roadmaps, or a shift to a competitor's technology by any of these key customers could significantly impact KLA's revenue and operational stability.
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AI Analysis | Feedback
KLA Corporation (KLAC) operates in the global semiconductor and microelectronics industries, providing process control and yield management solutions. Its main products and services focus on metrology and inspection equipment, along with sophisticated data analytics and software solutions that are critical for semiconductor fabrication. The addressable markets for KLA's key products and services are as follows:- Process Control Market: KLA holds a dominant market share of approximately 56% in the global semiconductor process control market as of 2024. This market segment accounts for slightly over 10% of the entire global semiconductor equipment market.
- Overall Metrology and Inspection Market: KLA's market share in the global metrology and inspection segment has steadily grown, reaching nearly 63% by 2024.
- Optical Inspection Market: KLA's dominance is even more pronounced in the global optical inspection market, where it has maintained a market share well above 80%, approaching 90% in 2024.
- Advanced Packaging Market: KLA's revenue from advanced packaging is projected to exceed $850 million globally in 2025, an increase from $500 million in 2024. KLA is also anticipated to become the market leader in the global Advanced Wafer-Level Packaging (AWLP) market by 2025.
- Global Semiconductor Equipment Market (Wafer Fab Equipment - WFE): The global sales of semiconductor equipment are forecasted to reach $125.5 billion in 2025, representing a 7.4% increase. In 2024, the WFE market was in the mid to high $90 billion range. KLA aims to increase its WFE market share from 6% in 2021 to over 7.25% by 2026.
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KLA Corporation (KLAC) is expected to drive future revenue growth over the next 2-3 years through several key factors:
- Increased Investment in Leading-Edge Foundry/Logic and Memory: KLA anticipates revenue growth from increased investments in leading-edge foundry/logic and memory segments. This is primarily fueled by the strong demand for AI and premium mobile applications, driving more complex designs and higher-value wafer volumes.
- Growth in Advanced Packaging: Advanced packaging is a significant growth catalyst for KLA. The company expects advanced packaging revenue to exceed $925 million in calendar year 2025, representing approximately 70% year-over-year growth. This growth is driven by customer adoption of KLA's advanced packaging portfolio and the increasing complexity of chip designs, particularly for heterogeneous chip integration.
- AI as a Key Catalyst and Driver of Process Control Intensity: Artificial intelligence (AI) is a crucial enabler for KLA's business. The growing demand for AI chips necessitates higher process control intensity, which directly benefits KLA's solutions. KLA also leverages AI in its own products to enhance performance and reduce customer cost of ownership.
- Continued Strength and Expansion of the Services Business: KLA's service business has consistently demonstrated strong growth and resilience. Service revenue reached $745 million in the September quarter, up 6% sequentially and 16% year-over-year, highlighting its importance as a stable revenue stream.
- Outperformance of the Wafer Fab Equipment (WFE) Market: KLA is confident in its ability to outperform the overall Wafer Fab Equipment (WFE) market growth. This outperformance is attributed to KLA's business momentum, expanding market share opportunities, and the increasing process control intensity required at the leading edge across all semiconductor segments.
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Share Repurchases
- KLA executed significant share repurchases, with annual buybacks totaling $3.968 billion in 2022, $1.312 billion in 2023, and $1.736 billion in 2024.
- The company authorized a new $6 billion share repurchase program in June 2022, including a $3 billion Accelerated Share Repurchase completed by December 2022. An additional $5 billion share repurchase authorization was announced in April 2025.
- As of September 30, 2023, $3.45 billion was available for repurchase under the stock repurchase program, with approximately $457 million remaining as of March 31, 2025, before the new $5 billion authorization.
Share Issuance
- KLA's share repurchase programs are partly intended to mitigate the dilutive impact from equity incentive plans and shares issued in connection with its Employee Stock Purchase Plan (ESPP).
- The number of shares outstanding has generally seen a decline over the past few years, with 0.134 billion shares outstanding in 2025, representing a 1.79% decline from 2024.
- As of October 27, 2025, there were 131.39 million shares of common stock outstanding.
Capital Expenditures
- KLA Corporation's capital expenditure (capex) for fiscal year 2025 was -$340.21 million.
- The company continues to prioritize and plans to increase R&D investments to drive market leadership and support technology and product development roadmaps.
- KLA's business performance is significantly influenced by the capital expenditures of semiconductor and electronic device manufacturers.
Latest Trefis Analyses
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|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to KLAC. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | ENPH | Enphase Energy | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 14.4% | 14.4% | -0.9% |
| 11262025 | PD | PagerDuty | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 13.1% | 13.1% | 0.0% |
| 11212025 | CRM | Salesforce | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 17.3% | 17.3% | -0.1% |
| 11212025 | HUBS | HubSpot | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 12.0% | 12.0% | 0.0% |
| 11212025 | FIVN | Five9 | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 5.5% | 5.5% | 0.0% |
| 11212025 | KLAC | KLA | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 16.6% | 16.6% | 0.0% |
| 09302022 | KLAC | KLA | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 32.8% | 53.5% | -13.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for KLA
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 175.78 |
| Mkt Cap | 226.8 |
| Rev LTM | 56,496 |
| Op Inc LTM | 8,388 |
| FCF LTM | 7,863 |
| FCF 3Y Avg | 7,583 |
| CFO LTM | 8,866 |
| CFO 3Y Avg | 8,697 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.4% |
| Rev Chg 3Y Avg | 3.2% |
| Rev Chg Q | 9.4% |
| QoQ Delta Rev Chg LTM | 2.1% |
| Op Mgn LTM | 20.1% |
| Op Mgn 3Y Avg | 20.3% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 22.2% |
| CFO/Rev 3Y Avg | 23.8% |
| FCF/Rev LTM | 20.1% |
| FCF/Rev 3Y Avg | 21.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 226.8 |
| P/S | 4.9 |
| P/EBIT | 23.8 |
| P/E | 37.9 |
| P/CFO | 21.8 |
| Total Yield | 4.0% |
| Dividend Yield | 2.1% |
| FCF Yield 3Y Avg | 5.7% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 0.2% |
| 3M Rtn | 7.5% |
| 6M Rtn | 24.9% |
| 12M Rtn | 25.3% |
| 3Y Rtn | 96.9% |
| 1M Excs Rtn | -1.1% |
| 3M Excs Rtn | 3.2% |
| 6M Excs Rtn | 12.6% |
| 12M Excs Rtn | 9.6% |
| 3Y Excs Rtn | 13.6% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Semiconductor Process Control | 8,734 | 9,324 | 7,925 | 5,735 | 4,745 |
| Printed Circuit Boards (PCB) and Component Inspection | 552 | 632 | 832 | 813 | 727 |
| Specialty Semiconductor Process | 529 | 543 | 457 | 369 | 330 |
| Corporate allocations and effects of changes in foreign currency exchange rates | -3 | -3 | -2 | 1 | 0 |
| Other | 1 | 4 | |||
| Total | 9,812 | 10,496 | 9,212 | 6,919 | 5,806 |
Price Behavior
| Market Price | $1,279.60 | |
| Market Cap ($ Bil) | 168.6 | |
| First Trading Date | 03/26/1990 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $1,189.45 | $931.76 |
| DMA Trend | up | up |
| Distance from DMA | 7.6% | 37.3% |
| 3M | 1YR | |
| Volatility | 41.8% | 43.4% |
| Downside Capture | 255.49 | 157.27 |
| Upside Capture | 295.75 | 202.47 |
| Correlation (SPY) | 72.6% | 75.9% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.82 | 2.28 | 2.33 | 1.93 | 1.65 | 1.80 |
| Up Beta | 1.48 | 1.43 | 1.64 | 1.61 | 1.63 | 1.83 |
| Down Beta | 1.44 | 1.58 | 2.07 | 1.72 | 1.53 | 1.53 |
| Up Capture | 161% | 333% | 388% | 310% | 353% | 1414% |
| Bmk +ve Days | 12 | 25 | 38 | 73 | 141 | 426 |
| Stock +ve Days | 9 | 22 | 35 | 78 | 143 | 406 |
| Down Capture | 210% | 246% | 207% | 173% | 128% | 110% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 10 | 19 | 27 | 47 | 105 | 344 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of KLAC With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| KLAC | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 105.1% | 25.0% | 17.8% | 72.1% | 8.6% | 4.4% | -8.2% |
| Annualized Volatility | 43.1% | 27.5% | 19.4% | 19.3% | 15.2% | 17.0% | 35.0% |
| Sharpe Ratio | 1.78 | 0.79 | 0.72 | 2.70 | 0.34 | 0.09 | -0.08 |
| Correlation With Other Assets | 80.7% | 75.8% | 6.2% | 28.6% | 36.7% | 34.3% | |
ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
| Comparison of KLAC With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| KLAC | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 39.1% | 18.8% | 14.7% | 18.7% | 11.5% | 4.6% | 30.8% |
| Annualized Volatility | 42.2% | 24.7% | 17.1% | 15.5% | 18.7% | 18.9% | 48.6% |
| Sharpe Ratio | 0.91 | 0.69 | 0.70 | 0.97 | 0.50 | 0.16 | 0.57 |
| Correlation With Other Assets | 78.8% | 71.2% | 10.1% | 17.3% | 36.9% | 30.2% | |
ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 10-Year Data
| Comparison of KLAC With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| KLAC | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 36.5% | 22.5% | 14.8% | 15.3% | 7.0% | 5.3% | 69.2% |
| Annualized Volatility | 39.9% | 24.2% | 18.0% | 14.7% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.91 | 0.85 | 0.71 | 0.86 | 0.32 | 0.22 | 0.90 |
| Correlation With Other Assets | 77.9% | 71.7% | 6.4% | 20.7% | 43.3% | 22.4% | |
ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/29/2025 | -1.7% | -0.7% | -6.2% |
| 7/31/2025 | 0.9% | 3.8% | -0.6% |
| 4/30/2025 | -3.8% | -1.2% | 8.0% |
| 1/30/2025 | -0.6% | 2.6% | -6.7% |
| 10/30/2024 | -3.7% | -3.2% | -6.2% |
| 7/24/2024 | 0.9% | 8.9% | 5.8% |
| 4/25/2024 | 4.9% | 1.4% | 16.0% |
| 1/25/2024 | -6.6% | -6.6% | 6.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 16 | 15 |
| # Negative | 10 | 8 | 9 |
| Median Positive | 4.0% | 4.5% | 11.9% |
| Median Negative | -3.7% | -3.2% | -6.2% |
| Max Positive | 9.0% | 15.7% | 33.9% |
| Max Negative | -6.9% | -6.6% | -11.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10312025 | 10-Q 9/30/2025 |
| 6302025 | 8082025 | 10-K 6/30/2025 |
| 3312025 | 5012025 | 10-Q 3/31/2025 |
| 12312024 | 1312025 | 10-Q 12/31/2024 |
| 9302024 | 10312024 | 10-Q 9/30/2024 |
| 6302024 | 8052024 | 10-K 6/30/2024 |
| 3312024 | 4262024 | 10-Q 3/31/2024 |
| 12312023 | 1262024 | 10-Q 12/31/2023 |
| 9302023 | 10272023 | 10-Q 9/30/2023 |
| 6302023 | 8042023 | 10-K 6/30/2023 |
| 3312023 | 4282023 | 10-Q 3/31/2023 |
| 12312022 | 1272023 | 10-Q 12/31/2022 |
| 9302022 | 10282022 | 10-Q 9/30/2022 |
| 6302022 | 8052022 | 10-K 6/30/2022 |
| 3312022 | 4292022 | 10-Q 3/31/2022 |
| 12312021 | 1282022 | 10-Q 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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