KLAC

KLA Corporation
TechnologySemiconductor Equipment & MaterialsNASDAQ
$1,540.96
+$60.92 (3.95%)today
Conviction
0/ 10
Fair Value$1,676.37
Upside+8.79%
Signal0
Market Cap$181.7B
52W Range$551.33–$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

KEY VALUE DRIVERS

Spearman correlation — what moves this valuation most

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/E40.3x
Forward P/E29.0x
P/S14.3x
EPS (TTM)$34.35
Analyst Target$1,676.37
Analyst Upside8.8%

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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...