KLAC Stock - KLA Corporation
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Financial Statements
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $12.16B | $9.81B | $10.50B | $9.21B | $6.92B |
| Gross Profit | $7.58B | $5.88B | $6.28B | $5.62B | $4.15B |
| Gross Margin | 62.3% | 60.0% | 59.8% | 61.0% | 59.9% |
| Operating Income | $5.24B | $3.64B | $3.99B | $3.65B | $2.49B |
| Net Income | $4.06B | $2.76B | $3.39B | $3.32B | $2.08B |
| Net Margin | 33.4% | 28.1% | 32.3% | 36.1% | 30.0% |
| EPS | $30.53 | $20.41 | $24.28 | $22.07 | $13.49 |
KLA Corporation designs, manufactures, and markets process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide. It operates through four segments: Semiconductor Process Control; Specialty Semiconductor Process; PCB, Display and Component Inspection; and Other. The company offers integrated circuit (IC) manufacturing products that comprises wafer inspection and review, and metrology; wafer and substrate defect inspection and metrology; reticle defect inspection and metrology; chemical/materials quality analysis; in situ process management and wafer handling diagnostics for IC and original equipment manufacturer (OEM) manufacturing; software products to provide run-time process control, defect excursion identification, process corrections, and defect classification; and refurbished and remanufactured products. It also provides specialty semiconductor manufacturing, benchtop metrology, surface characterization, and electrical property measurement services for general purpose/ lab applications; etch, plasma dicing, deposition, and other wafer processing technologies and solutions for the semiconductor and microelectronics industry. In addition, the company offers direct imaging, inspection, optical shaping, additive printing, and computer-aided manufacturing and engineering solutions for the PCB market; inspection and electrical testing systems to identify and classify defects, as well as systems to repair defects for the display market; and inspection and metrology systems for quality control and yield improvement in advanced and traditional semiconductor packaging markets. The company was formerly known as KLA-Tencor Corporation and changed its name to KLA Corporation in July 2019. KLA Corporation was incorporated in 1975 and is headquartered in Milpitas, California.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 16th 2025 | Cantor Fitzgerald | Upgrade | Overweight | $1500 |
| December 15th 2025 | Jefferies | Upgrade | Buy | $1500 |
| October 30th 2025 | TD Cowen | Reiterated | Hold | $1300← $900 |
| October 20th 2025 | Barclays | Upgrade | Overweight | $1200 |
| September 22nd 2025 | Morgan Stanley | Downgrade | Equal Weight | $1093 |
| August 1st 2025 | TD Cowen | Reiterated | Hold | $900← $800 |
| July 10th 2025 | Goldman | Initiation | Neutral | $980 |
| July 8th 2025 | Wells Fargo | Downgrade | Equal Weight | $920 |
| May 20th 2025 | Deutsche Bank | Downgrade | Hold | $790 |
| May 1st 2025 | TD Cowen | Reiterated | Hold | $800← $770 |
| April 11th 2025 | Oppenheimer | Reiterated | Outperform | $700← $850 |
| March 31st 2025 | Morgan Stanley | Upgrade | Overweight | $870← $748 |
| March 28th 2025 | Jefferies | Downgrade | Hold | $725← $875 |
| January 13th 2025 | Needham | Upgrade | Buy | $750 |
| October 31st 2024 | TD Cowen | Reiterated | Hold | $725← $760 |
Earnings History & Surprises
KLACEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 28, 2026 | — | — | — | — |
Q1 2026 | Jan 29, 2026 | $8.75 | — | — | — |
Q4 2025 | Oct 29, 2025 | $8.63 | $8.81 | +2.1% | ✓ BEAT |
Q3 2025 | Jul 31, 2025 | $8.56 | $9.38 | +9.6% | ✓ BEAT |
Q2 2025 | Apr 30, 2025 | $8.09 | $8.41 | +4.0% | ✓ BEAT |
Q1 2025 | Jan 30, 2025 | $7.75 | $8.20 | +5.8% | ✓ BEAT |
Q4 2024 | Oct 30, 2024 | $7.05 | $7.33 | +4.0% | ✓ BEAT |
Q3 2024 | Jul 24, 2024 | $6.15 | $6.60 | +7.3% | ✓ BEAT |
Q2 2024 | Apr 25, 2024 | $5.01 | $5.26 | +5.0% | ✓ BEAT |
Q1 2024 | Jan 25, 2024 | $5.88 | $6.16 | +4.8% | ✓ BEAT |
Q4 2023 | Oct 25, 2023 | $5.41 | $5.74 | +6.1% | ✓ BEAT |
Q3 2023 | Jul 27, 2023 | $4.85 | $5.40 | +11.3% | ✓ BEAT |
Q2 2023 | Apr 26, 2023 | $5.32 | $5.49 | +3.2% | ✓ BEAT |
Q1 2023 | Jan 26, 2023 | $7.10 | $7.38 | +3.9% | ✓ BEAT |
Q4 2022 | Oct 26, 2022 | $6.21 | $7.06 | +13.7% | ✓ BEAT |
Q3 2022 | Jul 28, 2022 | $5.50 | $5.81 | +5.6% | ✓ BEAT |
Q2 2022 | Apr 28, 2022 | $4.82 | $5.13 | +6.4% | ✓ BEAT |
Q1 2022 | Jan 27, 2022 | $5.45 | $5.59 | +2.6% | ✓ BEAT |
Q4 2021 | Oct 27, 2021 | $4.45 | $4.64 | +4.3% | ✓ BEAT |
Q3 2021 | Jul 29, 2021 | $3.99 | $4.43 | +11.0% | ✓ BEAT |
Latest News
Cantor Fitzgerald Upgrades KLA to Overweight, Raises Price Target to $1500
📈 PositiveKLA shares are trading higher after Jefferies upgraded the stock from Hold to Buy and raised its price target from $1,100 to $1,500.
📈 PositiveJefferies Upgrades KLA to Buy, Raises Price Target to $1500
📈 PositiveMorgan Stanley Maintains Equal-Weight on KLA, Raises Price Target to $1214
📈 PositiveShares of semiconductor stocks are trading higher amid a broader rebound in tech names. Stocks across sectors are also higher amid Fed Governor Waller backing a December rate cut.
📈 PositiveShares of companies in the broader chip sector are trading higher, rebounding from recent weakness in tech stocks.
📈 PositiveShares of semiconductor stocks are trading lower amid continued weakness due to a broader selloff in tech and AI-related names.
📉 NegativeShares of chip stocks are trading lower amid a broader selloff in tech and AI-related names.
📉 NegativeShares of chip stocks are trading lower amid overall market weakness as investors assess tech valuations, a drop in consumer sentiment and the US government shutdown.
📉 NegativeShares of chip stocks are trading lower after Chicago Fed President Goolsbee expressed uncertainty about further rate cuts, citing the prolonged government shutdown as the reason for lack of recent inflation data.
📉 NegativeShares of chip stocks are trading higher amid the Supreme Court's tariff hearing.
📈 PositiveCitigroup Maintains Buy on KLA, Raises Price Target to $1450
📈 PositiveJP Morgan Maintains Overweight on KLA, Raises Price Target to $1485
📈 PositiveTD Cowen Maintains Hold on KLA, Raises Price Target to $1300
➖ NeutralUBS Maintains Neutral on KLA, Raises Price Target to $1260
➖ NeutralEvercore ISI Group Maintains Outperform on KLA, Raises Price Target to $1350
📈 PositiveBarclays Maintains Overweight on KLA, Raises Price Target to $1300
📈 PositiveGoldman Sachs Maintains Neutral on KLA, Raises Price Target to $1280
➖ NeutralWells Fargo Maintains Equal-Weight on KLA, Raises Price Target to $1250
📈 PositiveCantor Fitzgerald Maintains Neutral on KLA, Raises Price Target to $1350
➖ NeutralFrequently Asked Questions about KLAC
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