KLA KLAC

Semiconductors, Technology

$145.61

−1.50%

Market cap: $190.2B
PE: 39.7×; 10y median 24.0×
Forward PE: 26.2×; 10y median 16.8×
Price to sales: 14.0×
EV/EBIT: 33.5×
Revenue, 12 months: $13.6B; +12% on a year ago
Net margin: 35.6%
Free cash flow yield: 2.0%

KLA trades at 39.7× trailing earnings, pricier than 89% of the last ten years. Revenue was $13.6B over the last twelve months, up 12% on a year earlier with a 36% net margin.

Charts

Financials

Income statement for KLAC, by quarter
Income statement	Q1 FY24	Q2 FY24	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26
	$2.4B−12%	$2.5B−17%	$2.4B−3%	$2.6B+9%	$2.8B+19%	$3.1B+24%	$3.1B+30%	$3.2B+24%	$3.2B+13%	$3.3B+7%	$3.4B+12%	$3.7B+15%
Cost of revenue	$946.9M−9%	$976.7M−19%	$993.9M−1%	$1B+5%	$1.1B+21%	$1.2B+25%	$1.2B+18%	$1.2B+20%	$1.2B+8%	$1.3B+4%	$1.3B+13%	$1.4B+17%
Gross profit	$1.5B−14%	$1.5B−15%	$1.4B−4%	$1.6B+12%	$1.7B+17%	$1.9B+23%	$1.9B+38%	$2B+26%	$2B+16%	$2B+9%	$2.1B+11%	$2.2B+14%
R&D	$311.2M−2%	$320.4M−4%	$321.6M−2%	$325.8M+3%	$323.1M+4%	$346.2M+8%	$338M+5%	$353M+8%	$360.5M+12%	$383.9M+11%	$388.8M+15%	$399M+13%
SG&A	$239.6M−6%	$237.2M−2%	$237.5M−0%	$255.1M+2%	$251M+5%	$267.1M+13%	$248.9M+5%	$262.7M+3%	$269M+7%	$279.9M+5%	$291.1M+17%	$291.5M+11%
	$899.2M−19%	$733.3M−39%	$736.4M−14%	$977.3M+19%	$1.1B+25%	$1B+37%	$1.3B+77%	$1.4B+38%	$1.3B+19%	$1.4B+36%	$1.4B+8%	$1.6B+15%
Interest expense	$74.2M−0%	$74.2M−0%	$80M+7%	$82.8M+13%	$82.2M+11%	$75M+1%	$71.9M−10%	$73.1M−12%	$71.1M−14%	$69.7M−7%	$70.4M−2%	$73.3M+0%
Pre-tax income	$851.7M−20%	$691.3M−40%	$702M−12%	$945M+22%	$1.1B+27%	$972.5M+41%	$1.3B+80%	$1.3B+41%	$1.3B+21%	$1.3B+37%	$1.4B+12%	$1.5B+17%
	$110.3M+151%	$108.7M−34%	$100.5M−2%	$108.6M+20%	$132.8M+20%	$148M+36%	$176M+75%	$126M+16%	$188.4M+42%	$184.6M+25%	$215.8M+23%	$186.3M+48%
Net income	$741.4M−28%	$582.5M−41%	$601.5M−14%	$836.4M+22%	$945.9M+28%	$824.5M+42%	$1.1B+81%	$1.2B+44%	$1.1B+19%	$1.1B+39%	$1.2B+10%	$1.4B+13%
	$0.54−25%	$0.43−38%	$0.44−12%	$0.62+24%	$0.70+30%	$0.62+44%	$0.82+84%	$0.91+47%	$0.85+21%	$0.87+41%	$0.91+12%	$1.04+15%
	1.4B−4%	1.4B−4%	1.4B−2%	1.4B−2%	1.3B−2%	1.3B−2%	1.3B−2%	1.3B−2%	1.3B−2%	1.3B−1%	1.3B−1%	1.3B−1%

Gross profit: 68 periods, Q1 FY10 to Q4 FY26: not printed by the filing, worked out from its own lines.

Operating income: 45 periods, Q4 FY15 to Q4 FY26: not printed by the filing, worked out from its own lines.

Net income: 5 periods, Q4 FY22 to Q4 FY26: printed in the fourth-quarter results release.

EPS, diluted: Q4 FY10 and Q4 FY26: quarter's net income to common over its shares, to the cent. 4 periods, Q4 FY22 to Q4 FY25: printed in the fourth-quarter results release.

Diluted shares: 12 periods, Q4 FY10 to Q4 FY21: share-days: the 12-month average less the 9-month, weighted by days. 4 periods, Q4 FY22 to Q4 FY25: printed in the fourth-quarter results release. Q4 FY26: share-days: the 12-month average over 365 days less the 9-month over 274, the two on one basis (x10).

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet. Figures from older filings without data tags, and from a results release before its 10-Q, are read from the document's text and checked against it.

Estimates

Next earnings report: Oct 28, 2026.

Quarter	Revenue	Range	EPS	Range	Analysts
Q1 FY27	$4B	$4B to $4.1B	$1.18	$1.16 to $1.23	15
Q2 FY27	$4.5B	$4.3B to $4.6B	$1.38	$1.28 to $1.42	15
Q3 FY27	$4.7B	$4.5B to $4.8B	$1.45	$1.37 to $1.51	6
Q4 FY27	$4.9B	$4.7B to $5.1B	$1.54	$1.46 to $1.60	6
Q1 FY28	$5.1B	$4.9B to $5.3B	$1.62	$1.53 to $1.68	6
Q2 FY28	$5.3B	$5.1B to $5.5B	$1.68	$1.58 to $1.74	6
Q3 FY28	$5.5B	$5.3B to $5.7B	$1.76	$1.67 to $1.83	14
Q4 FY28	$5.7B	$5.5B to $5.9B	$1.85	$1.75 to $1.92	14

Peers

Companies in Semiconductors nearest KLA's size, closest first.

Company	Market cap	PE	Its 10y median PE	Fwd PE	P/S	Revenue growth	Net margin
KLACKLA	$190.2B	39.7×	24.0×	26.2×	14.0×	+12%	35.6%
ADIAnalog Devices	$189.5B	46.4×	39.5×	24.1×	13.7×	+34%	29.8%
QCOMQUALCOMM	$184.7B	20.4×	20.2×	19.0×	4.2×	+2%	21.0%
MRVLMarvell Technology	$200.4B	75.4×	30.1×	40.3×	21.2×	+31%	27.9%
TXNTexas Instruments	$260B	36.9×	24.1×	27.0×	12.5×	+20%	34.3%
LRCXLam Research	$287.9B	34.3×	21.2×	22.6×	11.0×	+33%	32.3%
AMATApplied Materials	$299.4B	32.5×	19.7×	21.3×	9.7×	+8%	30.1%
INTCIntel	$438.6B	n/m	13.3×	50.0×	7.7×	+7%	−19.8%
TELTE Connectivity	$60.2B	20.4×	19.1×	16.5×	3.1×	+17%	15.6%
NXPINXP Semiconductors	$59.2B	20.0×	22.5×	14.1×	4.5×	+9%	22.6%
MPWRMonolithic Power Systems	$56B	69.8×	74.4×	35.1×	17.1×	+29%	24.5%
Peer median	$194.9B	34.3×	21.8×	23.3×	10.4×	+18%	26.2%