Kla Corp (KLAC)
Information Technology · Semiconductor Materials & Equipment · US stock · S&P 500 component
$165.74
▼ -8.72 (5.00%)
Fair valueOvervalued
$93 −43.6% to fair value
$47fair band $65–$121$140
Day's range
$165.20 – $171.66
52-week range
$106.80 – $307.03
Red flags⚠ Dividend may be at risk
About Kla Corp
KLA makes process control and yield management equipment for the semiconductor industry. Its machines inspect wafers and photomasks for defects and measure the tiny features on chips so manufacturers can find problems early. The company earns money by selling these systems to chipmakers and equipment partners, and by providing service, software and upgrades over the long life of each installed tool, which ties its results to chip factory investment.
Sales totalled $13.6 billion over the last twelve months, and the three-year record shows growth of 9.0% a year. The operating margin is 43.4%, and the return on invested capital is 47%. The balance sheet shows net debt to EBITDA of 0.7 times. Shareholders receive a dividend, currently yielding 3.8%. The site's X-Ray Score for the company is 52 out of 100. These figures describe past results and the present financial position only.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $106.80 – $307.03Volume 13,127,051Daily, split-adjusted
Vitals
Market cap$218.7B
52-week range$106.80 – $307.03
Volume (last day)13,127,051
P/E (TTM)14.7
EBIT / EV yield2.6%
Free-cash-flow yield1.7%
Dividend yield3.8%
Revenue (TTM)$13.6B
Net income (TTM)$4.8B
Operating margin43.4%
Return on capital46.8%
Debt incl. leases$6.2B
Cash & securities$1.6B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$93model spread $86 – $100
Overvalued
−43.6% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Multiples use through-the-cycle earnings (0.86x of the last twelve months)
Price $166
Undervalued < $65Fair $65 – $121Overvalued > $121
10-year DCF (market-scaled)
$101
Peer multiples
$105
Earnings power floor (not blended)
$27
Fundamentals-adjusted multiple
$74
Growth the price implies
33.3%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business, priced high
Our models put fair value below today's price, so a lot of good news may already be in the price. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Information Technology peers. Open a lens to see the numbers behind it.
Valuation
Weak
33/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield2.6%
Free-cash-flow yield1.7%
Fair value vs price0.6×
Growth
Weak
33/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)9.0%
EPS growth (3y)-46.7%
Growth consistency90%
Profitability
Fair
65/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital46.8%
Operating margin43.4%
Gross profitability46.4%
Financial health
Fair
64/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score7 / 9
Net debt / EBITDA0.7×
Interest cover20.7×
Dividends
Fair
61/100
Dividend is typical for its sector.
See the numbers →
Dividend yield3.8%
Dividends vs free cash flow222%
Dividend growth13.0%
Quarterly results: last 6 quarters
+29.8%
Mar '25
+23.6%
Jun '25
+13.0%
Sep '25
+7.2%
Dec '25
+11.5%
Mar '26
+15.2%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $3.7B.
Compare with peers
LRCX Lam Research Corp56 AMAT Applied Materials Inc52 TER Teradyne, Inc44 Q Qnity Electronics, Inc...38Other Semiconductor Materials & Equipment companies by X-Ray Score.
Fundamentals checklist
● 6 Good · ● 6 Average · ● 4 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldBad
Risk models
Altman Z''Good
Piotroski F-ScoreGood
Growth
EPS growth (3y)Bad
Free-cash-flow growth (3y)Bad
Revenue growth (3y)Average
Growth consistencyAverage
Balance sheet
Current ratioGood
Net debt / EBITDAAverage
Interest coverAverage
Valuation
Fair value vs priceAverage
EBIT / EV yieldAverage
Profitability
Return on invested capitalGood
Operating marginGood
Gross profitabilityGood
Each check is graded against the company's sector, not a fixed number. Checklist score 48/100.
Financials
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Revenue | $9.2B | $10.5B | $9.8B | $12.2B | $13.6B |
| Operating income | $3.6B | $4.1B | $3.5B | $4.9B | $5.9B |
| Net income | $3.3B | $3.4B | $2.8B | $4.1B | $4.8B |
| Operating cash flow | $3.3B | $3.7B | $3.3B | $4.1B | $4.1B |
| Operating margin | 39.6% | 38.9% | 35.7% | 40.7% | 43.4% |
| Free cash flow | $3.0B | $3.3B | $3.0B | $3.7B | $3.8B |
| Diluted EPS | $21.92 | $24.15 | $2.03 | $3.04 | $3.66 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bearish
3 bullish · 1 neutral · 12 bearish
Weekly
Bearish
4 bullish · 1 neutral · 7 bearish
Monthly
Bullish
5 bullish · 1 neutral · 2 bearish
Moving averages (daily)
| SMA 10 | 188.7 | Bearish |
| EMA 10 | 183.6 | Bearish |
| SMA 20 | 190.5 | Bearish |
| EMA 20 | 186.5 | Bearish |
| SMA 50 | 186.9 | Bearish |
| EMA 50 | 189.6 | Bearish |
| SMA 100 | 204.0 | Bearish |
| EMA 100 | 190.2 | Bearish |
| SMA 200 | 180.7 | Bearish |
| EMA 200 | 176.9 | Bearish |
Oscillators (daily)
| RSI (14) | 31.05 | Neutral |
| MACD (12, 26) | -2.27 | Bearish |
| Momentum (12) | -14.97 | Bearish |
| Stochastic %K (14) | 1.24 | Bullish |
| Williams %R (14) | -98.76 | Bullish |
| CCI (20) | -185.0 | Bullish |
Pivot points (classic, last session)
S3 156.9 | S2 161.1 | S1 163.4 | Pivot 167.5 | R1 169.9 | R2 174.0 | R3 176.3 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
6.33 USD
Yield on today's price
3.82%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 17 Aug 2026 | 0.2300 |
| 18 May 2026 | 2.3000 |
| 17 Feb 2026 | 1.9000 |
| 17 Nov 2025 | 1.9000 |
| 18 Aug 2025 | 1.9000 |
| 19 May 2025 | 1.9000 |
| 24 Feb 2025 | 1.7000 |
| 18 Nov 2024 | 1.7000 |
| 15 Aug 2024 | 1.4500 |
| 14 May 2024 | 1.4500 |
| 15 Feb 2024 | 1.4500 |
| 14 Nov 2023 | 1.4500 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
KLAC SEC filings
22 Sep 2026
DEF 14ASEC EDGAR
Proxy statement
6 Aug 2026
8-KSEC EDGAR
Other events
6 Aug 2026
10-KSEC EDGAR
Annual report
28 Jul 2026
8-KSEC EDGAR
Results of operations
12 Jun 2026
8-KSEC EDGAR
Current report
7 May 2026
8-KSEC EDGAR
Other events
30 Apr 2026
10-QSEC EDGAR
Quarterly report
29 Apr 2026
8-KSEC EDGAR
Results of operations
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.