KLA (KLAC) stock
Information Technology · Semiconductor Materials & Equipment
KLA (KLAC) is a Semiconductor Materials & Equipment company in the Information Technology sector, headquartered in Milpitas, California. As of October 23, 2026, KLAC closed at $145.61, a market capitalization of $190.02 billion, the 59th largest company in the S&P 500. Over the last twelve months it generated $13.58 billion in revenue (+15% year over year) and $3.77 billion in free cash flow. The stock trades at 39.8x trailing earnings and 21.6x forward earnings.
- 1-year total return: +26.3% (dividends reinvested)
- 5-year return: +34.8% a year
- 52-week range: $107.20 – $307.37
- Gross margin 61.3%, operating margin 42.5%
- Dividend yield: 0.63%, 16 straight years of increases
- FI Handbook report card: B+ across 10 metrics
- 21st largest of 75 Information Technology stocks in the S&P 500
KLAC price chart
1Y price change: +25.6% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| KLAC | -22.5% | +20.3% | +26.3% | +47.7% | +34.8% | +36.9% | +18.4% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1980.
KLAC key statistics
- Market cap
- $190.0B
- #59 in S&P 500
- P/E (TTM)
- 39.8x
- Forward P/E
- 21.6x
- EPS (TTM)
- $3.66
- Revenue (TTM)
- $13.6B
- +15%
- Free cash flow
- $3.8B
- Gross margin
- 61.3%
- Operating margin
- 42.5%
- Return on equity
- 87.5%
- Dividend yield
- 0.63%
- 52-week range
- $107.20 – $307.37
- Beta
- 1.45
- Price / sales
- 14.0x
- EV / EBITDA
- 31.6x
- Debt / equity
- 0.97x
- Employees
- 17,000
KLAC report card
B+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth15.2%B
- Gross margin61.3%A
- Operating margin42.5%A
- FCF margin27.7%A
- Return on equity87.5%A
- Net debt / EBITDA0.2xB
- Forward P/E21.6xC
- PEG ratio1.8xC
- Shareholder yield1.8%C
- Share count change / yr-3.2%A
KLA financials
Revenue went from $3.5B in fiscal 2017 to $13.6B in fiscal 2026, growing 16.3% a year.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.5B | $4.0B | $4.6B | $5.8B | $6.9B | $9.2B | $10.5B | $9.8B | $12.2B | $13.6B |
| Gross profit | $2.2B | $2.6B | $2.7B | $3.4B | $4.1B | $5.6B | $6.3B | $5.9B | $7.4B | $8.3B |
| Net income | $926.1M | $802.3M | $1.2B | $1.2B | $2.1B | $3.3B | $3.4B | $2.8B | $4.1B | $4.8B |
| EPS (diluted) | $0.59 | $0.51 | $0.75 | $0.77 | $1.34 | $2.19 | $2.42 | $2.03 | $3.04 | $3.66 |
| Free cash flow | $1.0B | $1.2B | $1.0B | $1.6B | $2.0B | $3.0B | $3.3B | $3.0B | $3.7B | $3.8B |
| Buybacks | $25.0M | $203.2M | $1.1B | $829.1M | $938.6M | $4.0B | $1.3B | $1.7B | $2.1B | $2.3B |
| Dividends paid | $344.0M | $402.1M | $472.3M | $522.4M | $559.4M | $638.5M | $732.6M | $773.0M | $904.6M | $1.1B |
| Diluted shares | 1.6B | 1.6B | 1.6B | 1.6B | 1.6B | 1.5B | 1.4B | 1.4B | 1.3B | 1.3B |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into KLAC?
A reverse DCF asks what growth the current price requires. With an enterprise value of $191.3B and $3.8B of trailing free cash flow, KLA needs to grow free cash flow about 35.0% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 14.0% a year over the last five years.
P/E ratio history
Current 39.8x vs. median 22.6x (10th–90th percentile 12.3x–39.8x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
KLAC dividend
- Dividend yield
- 0.63%
- Annual dividend
- $0.92
- Years of increases
- 16
- 5-yr dividend growth
- 16.2%
- per year
- Payout ratio
- 22%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
KLAC analyst price targets
26 analysts' average 12-month target is $232.38 (+60% vs. $145.61). Targets range from $175.00 to $325.00. 67% rate it a buy.
KLAC earnings
Next report: October 28, 2026. KLA has beaten EPS estimates 8 quarters in a row. Last quarter's revenue was $3.7B (+15% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 28, 2026 | $1.00 | $1.05 | +5.1% |
| Apr 29, 2026 | $0.92 | $0.94 | +2.5% |
| Jan 29, 2026 | $0.88 | $0.89 | +0.6% |
| Oct 29, 2025 | $0.86 | $0.88 | +2.2% |
| Jul 31, 2025 | $0.86 | $0.94 | +9.7% |
| Apr 30, 2025 | $0.81 | $0.84 | +4.0% |
| Jan 30, 2025 | $0.78 | $0.82 | +5.7% |
| Oct 30, 2024 | $0.70 | $0.73 | +4.0% |
Stocks like KLAC
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 AMAT Applied Materials | +0.44% | +66% | $299.4B | 32.5x | Compare |
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KLAC news
- Should KLAC Stock Be in Your Portfolio Pre-Q1 Earnings Results? · Oct 23, 2026
- Down 21.0% in 4 Weeks, Here's Why KLA (KLAC) Looks Ripe for a Turnaround · Oct 23, 2026
- Insights Into KLA (KLAC) Q1: Wall Street Projections for Key Metrics · Oct 23, 2026
- What to Expect From KLA Corporation's Next Quarterly Earnings Report · Oct 22, 2026
- KLA (KLAC) Earnings Expected to Grow: Should You Buy? · Oct 21, 2026
KLAC stock FAQ
What is KLAC's market cap?
KLA's market capitalization is $190.02 billion as of October 23, 2026, ranking 59th in the S&P 500.
What is KLAC's P/E ratio?
KLAC trades at a trailing price-to-earnings ratio of 39.8x and a forward P/E of 21.6x. Its median P/E over the period we track is 22.6x.
Does KLAC pay a dividend?
Yes. KLA pays $0.92 per share a year, a 0.63% yield. It has raised its dividend 16 years in a row. Dividends grew 16.2% a year over the last five years.
How much has KLAC stock returned?
Including reinvested dividends, KLAC returned +26.3% over one year, +34.8% a year over five years, +36.9% a year over ten years through October 23, 2026.
Is KLAC stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies KLA must grow free cash flow about 35% a year for the next decade. Its free cash flow grew 14% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the KLAC price target?
26 analysts cover KLAC with an average 12-month price target of $232.38, +60% from the current price. 67% of them rate it a buy.
When does KLAC report earnings?
KLA is expected to report earnings on October 28, 2026. It has beaten EPS estimates 8 quarters in a row.
How many employees does KLA have?
KLA has about 17,000 full-time employees, or $798,793 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology