KLA Corporation is a capital equipment company based in Milpitas, California. It supplies process control and yield management systems for the semiconductor industry and other related nanoelectronics industries. The company's products and services are intended for all phases of wafer, reticle, integrated circuit (IC) and packaging production, from research and development to final volume manufacturing.
| Revenue (TTM) | $13.10B |
| Gross Profit (TTM) | $8.05B |
| EBITDA | $5.85B |
| Operating Margin | 41.20% |
| Return on Equity | 95.00% |
| Return on Assets | 21.30% |
| Revenue/Share (TTM) | $9.96 |
| Book Value | $4.46 |
| Price-to-Book | 45.56 |
| Price-to-Sales (TTM) | 19.03 |
| EV/Revenue | 20.37 |
| EV/EBITDA | 44.02 |
| Quarterly Earnings Growth (YoY) | 11.80% |
| Quarterly Revenue Growth (YoY) | 11.50% |
| Shares Outstanding | $1.31B |
| Float | $1.30B |
| % Insiders | 0.09% |
| % Institutions | 95.70% |
Volatility is currently contracting
KLA's fiscal Q4 earnings beat estimates as AI infrastructure, foundry/logic and process control demand lift revenues 15.2% and strengthen its outlook.
KLA's Q4 earnings call highlights AI-driven growth, stronger semiconductor demand and expanding process control opportunities.
SK Hynix (SKHY) shares slid to the downside even after the South Korean AI memory giant posted strong earnings. The selling action was even steeper in KLA Corp. (KLAC) even though that company showed similar results.
KLA Corporation (KLAC) Q4 2026 Earnings Call Transcript
KLA Corp forecast first-quarter revenue and profit above Wall Street estimates on Tuesday, betting that continued investment in AI infrastructure would sustain strong demand for its chipmaking tools.
For the quarter, total revenues were $3.66 billion, above the midpoint of the guidance range; GAAP diluted EPS was $1.04, at the upper end of the guidance range, and non-GAAP diluted EPS was $1.05, at the upper end of the guidance range; Cash flow from operating activities for the quarter and fiscal year was $906.4 million and $4.14 billion, respectively, and free cash flow was $817.1 million and $3.77 billion, respectively; Capital returns for the quarter and fiscal year were $876.3 million and $3.35 billion, respectively; and On June 11, 2026, after the market close, the company effected a ten-for-one stock split of its common stock and a proportional increase in the number of authorized shares of common stock. Share and per share information throughout this press release have been retroactively adjusted to reflect the stock split.
The semiconductor market, which has significantly outperformed the broader market in 2026 is seeing a pullback in July. The factors driving this rise include aggressive profit-taking, valuation concerns, and unwinding leveraged trades following a historic AI-fueled rally.
KLAC heads into fiscal Q4 earnings with AI-driven demand and advanced packaging growth, while higher DRAM costs pressure margins.
KLA Corporation (KLAC) remains a Buy as the AI CAPEX cycle persists, with sector demand and bookings showing no imminent slowdown. Peers' earnings and guidance indicate sustained process-control intensity at advanced nodes, supporting KLAC's revenue and margin outlook through 2027. KLAC's medium-term valuation is supported by robust gross margins (~61.75%) and mid-teens revenue growth, with downside risks tied to multiple compression and competitive dynamics.
Semiconductor exchange-traded funds have gained more than 25% this year. Intel Corporation's (INTC) second-quarter earnings report after today's close could test whether that rally continues.
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