Stock · KLAC · Technology
United States · Large Cap · listed since 1980 · Revenue 12 mo. $13.6B
Price as of 11/06/2026
Summary
48.5 of 100
Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.
Analysis
What the price requires
If free cash flow stays at €3.4B (2026), it supports €37.6B. The remaining €129.4B of the market value assume it grows 20.8% a year for 10 years and not at all afterwards.
Required FCF growth per year
20.8%
no growth afterwards
Price to operating cash flow 44.1×, above its usual range.
Middle half of 20 quarters: 18.1× to 31.3×, median 23.4×.
Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.
with respect to the priced-in expectation
with respect to the priced-in expectation
AI summary of the 2026 annual report
A language model selected and condensed statements from the report. Each statement carries a verbatim quote. The selection is not complete and shows the state of the report. It gives no rating and does not feed into the score.
Form 10-K, fiscal year ended 06/30/2026, filed 08/06/2026. Open the report at the SEC
| Segment | Share | Revenue |
|---|---|---|
| Semiconductor Process Control | 90.2% | $12.2B |
| PCB and Component Inspection | 5.5% | $750.4M |
| Specialty Semiconductor Process | 4.3% | $584.1M |
From the report's structured data (XBRL), not from the language model. The sum can differ slightly from group revenue.
Services account for approximately 23% of total revenue in fiscal 2026. They provide maintenance and other services to keep customers' tools running and productive.
Our services business, which accounted for approximately 23% of our total revenues in fiscal 2026, provides maintenance and other services to maximize uptime, productivity and tool life for our customers.The Specialty Semiconductor Process segment develops and sells vacuum deposition and etching tools.
Within the Specialty Semiconductor Process segment, we develop and sell advanced vacuum deposition and etching process toolsThe PCB and Component Inspection segment helps electronics makers inspect, test and measure PCBs, IC substrates and packaged ICs to check their quality.
Within the PCB and Component Inspection segment, we enable electronic device manufacturers to inspect, test and measure PCBs, IC substrates and packaged ICs to verify their qualityAmong the largest customers are semiconductor, semiconductor-related and electronic device manufacturers in Asia, the U.S. and Europe.
We count among our largest customers the leading semiconductor, semiconductor-related and electronic device manufacturers in Asia, the U.S. and Europe.Approximately 87% of total revenue in the fiscal year ended June 30, 2026 came from international sales.
International revenues accounted for approximately 87% of our total revenues in the fiscal year ended June 30, 2026The business depends on capital spending by semiconductor and electronic device makers, which follows current and expected demand for chips and the products that use them.
Our business depends upon the capital expenditures of semiconductor, semiconductor-related and electronic device manufacturers, which are driven by current and anticipated market demand for ICs and the products that use them.In each product market the company has many competitors, including Applied Materials, ASML, Hitachi High-Tech, Lasertec and Onto Innovation. Some of them could have greater financial, research, engineering, manufacturing and marketing resources.
In each of our product markets, we have many competitors, including companies such as Applied Materials, Inc., ASML Holding N.V., Hitachi High-Tech Corporation, Lasertec, Inc. and Onto Innovation, Inc., some of which may have greater financial, research, engineering, manufacturing and marketing resources than we have.The market for process control and yield management solutions is very competitive. Important factors include system performance, ease of use, reliability, technical service and support, and overall cost of ownership.
The worldwide market for technologically advanced process control, process-enabling and yield management solutions used by semiconductor and electronics manufacturers is highly competitive, with important competitive factors including system performance, ease of use, reliability, technical service and support, and overall cost of ownership.The company expects competitors to keep improving their current products and to launch new products with better pricing and performance.
We expect our competitors to continue to improve the design and performance of their current products and to introduce new products with improved pricing and performance characteristics.Revenue from customers in China was 30% in fiscal 2026, 33% in 2025 and 43% in 2024.
Our revenue from sales of products and provision of services to customers in China was 30%, 33% and 43% for fiscal years 2026, 2025 and 2024, respectively.Export controls and sanctions issued by Commerce and other authorities may limit sales of certain products and services to certain customers, especially in China.
Export controls, sanctions and other trade-related regulations issued by Commerce and other governmental authorities may limit our ability to sell certain products or provide certain services to certain customers, particularly in ChinaThe customer base, especially in semiconductors, has become highly concentrated through consolidation, acquisitions and closures. A relatively limited number of manufacturers account for a substantial portion of sales.
Our customer base, particularly in the semiconductor industry, historically has been highly concentrated due to corporate consolidation, acquisitions and business closures. In this environment, orders from a relatively limited number of manufacturers have accounted for, and are expected to continue to account for, a substantial portion of our sales.A few large suppliers have stopped making certain DRAM chips used in a number of the company's products. The resulting shortage has caused a large rise in the prices of these chips.
Recently, a few large suppliers have discontinued manufacturing certain DRAM chips that are incorporated in a number of our products, and the resulting shortage has caused a dramatic increase in the prices to acquire these chips.Since the last quarter
Q1 → Q2 2026
5 more unchanged: Revenue, 12 mo., Gross margin, EBIT margin, Net debt, Shares outstanding
Derivation
Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.
Price as of 11/06/2026.
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Return on equity | 76.08% | 14.60% | Rank 96 |
| Return on capital (Greenblatt) | 59.86% | 29.77% | Rank 70 |
| EBIT margin | 41.69% | 17.40% | Rank 92 |
| FCF margin | 27.74% | 18.54% | Rank 78 |
| Gross margin | 61.30% | 48.47% | Rank 66 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Revenue growth, 1 year | 11.71% | 12.70% | Rank 45 |
| Earnings growth, 3 years per year | 14.87% | 9.54% | Rank 59 |
| Earnings growth, 5 years per year | 22.32% | 14.07% | Rank 73 |
| Sustainable growth (ROE × retained earnings) | 2.77% | 2.87% | Rank 48 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Earnings yield | 2.64% | 2.64% | Rank 50 |
| FCF yield | 2.02% | 3.06% | Rank 35 |
| EV/saleslower is better | 13.80 | 5.18 | Rank 18 |
| EV/EBITlower is better | 33.10 | 26.24 | Rank 36 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Share price, 1 year | 5.19% | −0.59% | Rank 59 |
| Share price, 6 months | −25.43% | −4.46% | Rank 26 |
| Share price, 3 months | −24.96% | −5.84% | Rank 21 |
| Distance from 52-week high | −54.10% | −33.23% | Rank 15 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Accruals (Sloan)lower is better | 11.04% | 1.65% | Rank 19 |
| Change in share countlower is better | −1.34% | −0.17% | Rank 71 |
| Dividend streak in years | 10 | 8 | Rank 72 |
| Price reaction to results, market-adjusted | 5.50% | −1.57% | Rank 81 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Equity ratio | 35.37% | 53.98% | Rank 24 |
| Net debt/EBITDAlower is better | 0.22 | −0.20 | Rank 41 |
| Debt to equitylower is better | 0.97 | 0.33 | Rank 17 |
| Volatility, 1 yearlower is better | 61.26% | 50.37% | Rank 33 |
Ten years in figures
| Year | Revenue, $B | EBIT margin | FCF, $B | Shares | Net debt |
|---|---|---|---|---|---|
| 2017 | 3.5 | 36.7% | 1.0 | 1.57B | $1.8B |
| 2018 | 4.0 | 38.1% | 1.2 | 1.57B | −$642.9M |
| 2019 | 4.6 | 30.4% | 1.0 | 1.57B | $2.4B |
| 2020 | 5.8 | 30.3% | 1.6 | 1.58B | $2.3B |
| 2021 | 6.9 | 36.0% | 2.0 | 1.55B | $2.1B |
| 2022 | 9.2 | 39.7% | 3.0 | 1.52B | $5.2B |
| 2023 | 10.5 | 38.1% | 3.3 | 1.40B | $4.1B |
| 2024 | 9.8 | 37.1% | 3.0 | 1.36B | $4.8B |
| 2025 | 12.2 | 41.3% | 3.7 | 1.34B | $4.0B |
| 2026 | 13.6 | 41.7% | 3.8 | 1.32B | $4.5B |
4 of 7 StockScorer Score rules met · How the score is built
KLA Corporation mainly meets criteria in the Profitability category. Result from 18 strategies checked.
KLA Corporation is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.
4 of 7 rules met
6 of 11 points
Detail data
Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.
With a free account, you can see the match across all strategies checked in one complete overview.
Selected fundamental metrics for KLA Corporation.
| Metric | Stock | Sector |
|---|---|---|
| P/E ratio | 37.8 | 35.1 |
| P/B ratio | 28.8 | 5.5 |
| Return on equity (ROE) | 76.1% | 14.6% |
| Equity ratio | 35.4% | 54.0% |
| Debt-to-equity (D/E) | 0.97 | 0.33 |
| Dividend yield | 0.6% | 0.9% |
How comparable stocks in the same sector score in the StockScorer model.
| Symbol | Company | Rating |
|---|---|---|
| KLAC | KLA Corporationthis page | |
| LRCX | Lam Research Corp | High7.3 |
| AMAT | Applied Materials Inc | Medium5.5 |
| 6857.T | Advantest Corp. | locked |
| 8035.T | Tokyo Electron Limited | locked |
| 002371.SZ | NAURA Technology Group Co Ltd | locked |
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