KLAC

KLA Corporation

TechnologySemiconductor Equipment & MaterialsNASDAQ

$1,921.71

+$82.96 (4.32%)today

Conviction

0/ 10

Fair Value$1,681.37

Upside-12.51%

Signal0

Market Cap$228.3B

52W Range$586.81–$1,693.35

Next EarningsApr 29

Price History

FAIR VALUE ANALYSISMonte Carlo · 5,000 runs · 99% valid

Fair Value$459.79

Current Price$1498.67

Upside / Down-69.3%

P(Undervalued)0.0%

P(20%+ Up)0.0%

P(15%+ Down)100.0%

Fair Value Distribution — percentile bands

0.0% of simulations place fair value above current price

WHAT IS PRICED IN

Revenue-Based Reverse DCF

37.9%/yr

±2.0% · revenue growth to justify current price

FCF-Based Reverse DCF

44.5%/yr

±3.7% · FCF growth to justify current price

THE GAP

Market pricing margin compression or rising capex

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Quick Take

KLA Corporation, together with its subsidiaries, designs, manufactures, and markets process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide.

Trailing P/E44.6x

Forward P/E32.0x

P/S15.7x

EPS (TTM)$34.28

Analyst Target$1,681.37

Analyst Upside-12.5%

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Bull Case

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Bear Case

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Research Feed

sec_10qFeb 28

Conviction: unchanged

KLAC Q2 FY2026 10-Q: AI-Driven Inflection Intact, China De-risking In Progress

Revenue +7% YoY to .30B in Q2 FY26; H1 +10% to .51B. Gross margin expanded 110bps YoY to 61.4%. Net income .15B in Q2, .27B in H1. Operating CF .53B in H1 — exceptional FCF engine. Patterning +31% YoY...