NASDAQ · KLAC
KLA Corporation
Technology · Semiconductors
$149.21▲ 2.47% ($3.60)at close
After hours$149.86▲ 0.44%7:59 PM ET
Valuation
Revenue & margin DCF
Verdict: expensive. Price above all scenarios.
The price needs 24.0% revenue growth a year for 10 years. Our scenarios assume 5.7–9.9%.
That's 2.4× its past 4-year pace.
Value per share
Base case
$49.73
Price used $149.21 is 3.0× this
USD · TTM ending Jun 30, 2026 · Price Oct 26, 8:00 PM UTC
Revenue each value needs
Revenue today $13.6B. The price needs $117B by 2036. Base case: $29B. At its recent pace: $35.8B. Bear to Bull: $23.6B to $34.8B.
Revenue today $13.6B. The price needs $117B by 2036. Base case: $29B. At its recent pace: $35.8B. Bear to Bull: $23.6B to $34.8B.
Revenue in 2036
today $13.6B
+$87.5Bmore than the Base case · 4.0×
Value per share · Base case
$49.73
Price $149.21
3.0× this
- 10-yr revenue CAGR
- 7.9%
- Ending operating margin
- 30.0%
- Discount rate
- 10.9%
USD · TTM ending Jun 30, 2026 · Price Oct 26, 8:00 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 22.8% over the last year. Revenue grew 11.71% in FY2026 versus FY2025. Operating margin moved from 41.25% to 41.69% (FY2026 versus FY2025). Free cash flow grew 0.68% in FY2026 versus FY2025.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (97th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 41.69% — continued expansion would be needed to justify the premium. Revenue growth of 11.71% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Return analysis
Company profile
KLA Corporation specializes in creating, manufacturing, and distributing advanced solutions vital for process control, process optimization, and yield enhancement throughout the global semiconductor and broader electronics industries.
Market multiples
Stock splits
Every 1 shares became 10
Every 1 shares became 2
Every 1 shares became 2
Every 2 shares became 3
Every 1 shares became 2
Every 1 shares became 2
Profitability & growth
Analyst consensus
28
Buy
14
Hold
2
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Actuals vs estimates by quarter, or any quarter against the same one a year earlier.
Next report
Oct 28, 2026
Q1 FY27 · EPS est $1.19 · Revenue est $4.0B
Same quarter, year over year
FY26 Full year +12.8%Each cell vs the same quarter a year earlier (the cell below) · Q1–Q4 combined $3.76 vs $3.33 · all 4 quarters up
Q1
Q2
Q3
Q4
FY total
FY27
—
—
—
—
FY26
FY25
FY24
Fiscal year totals
- FY26
- $3.76
- +12.8%
- FY25
- $3.33
- +39.8%
- FY24
- $2.38
- —
Q4 FY26
Reported Jul 28, 2026 · Latest
HoverTap a cell to inspect
Actual
$1.05
Estimate
$1.00
Year over year
+11.7%
Vs prior quarter
+11.7%
Institutional Sentiment
KLA Corporation · KLAC
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.