KLA Corporation (KLAC) Stock Analysis
Technology · Semiconductor Equipment & Materials · NasdaqGS
KLA Corporation (KLAC) posted $13.58B in revenue for fiscal 2026 (up 11.7% year over year), at a 35.6% net margin, and has compounded revenue about 14.4%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on KLA Corporation
KLA Corporation has grown revenue from $3.48B to $13.58B over the last 10 fiscal years, compounding about 14.4% a year. The most recent year was up 11.7%, so growth has cooled from its longer-run pace.
Net margin sits at 35.6%, up 2.2 points year over year.
At today's valuation the market is pricing in roughly 23.6% annual free-cash-flow growth — versus the 18.2% it actually delivered over the last five years, so the price already assumes a step-up from the recent record.
Synthesised from KLA Corporation's SEC filings — descriptive, not advice. Ask the analyst your own question →
KLA Corporation revenue & earnings — last 10 fiscal years
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.48B | $4.04B | $4.57B | $5.81B | $6.92B | $9.21B | $10.50B | $9.81B | $12.16B | $13.58B |
| Gross profit | $2.19B | $2.59B | $2.70B | $3.36B | $4.15B | $5.62B | $6.28B | $5.88B | $7.40B | — |
| Net income | $926.08M | $802.26M | $1.18B | $1.22B | $2.08B | $3.32B | $3.39B | $2.76B | $4.06B | $4.83B |
| Net margin | 26.6% | 19.9% | 25.7% | 21.0% | 30.0% | 36.1% | 32.3% | 28.1% | 33.4% | 35.6% |
Source: KLA Corporation SEC filings (10-K). 18 years of history available in the interactive view.
KLA Corporation: no obvious red flags in the filings
Our deterministic scan of the filed statements — receivables vs sales, earnings vs cash, dilution, leverage and margins — didn't flag anything. Ask about the risks →
What growth is priced into KLAC stock?
At today's market cap of $238.81B, KLA Corporation is priced for free-cash-flow growth of about 23.6% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $3.75B from the FY ending 2025-06-30). For comparison, free cash flow actually grew 18.2%/yr over the last five fiscal years and revenue 14.4%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 18 years of KLA Corporation financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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KLA Corporation financial history by metric
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About KLA Corporation
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. The company operates through three segments: Semiconductor Process Control; Specialty Semiconductor Process; and PCB and Component Inspection. It offers inspection and review tools to identify, locate, characterize, review, and analyze defects on various surfaces of patterned and unpatterned wafers; metrology systems to measure pattern dimensions, film thickness, film stress, layer-to-layer alignment, pattern placement, surface topography, and electro-optical properties for wafers; chemical process control equipment; wired and wireless sensor wafers and reticles; wafer defect inspection, review, and metrology systems; reticle inspection and metrology systems; wafer inspection and metrology systems; and semiconductor software solutions that provide run-time process control, defect excursion identification, process corrections, and defect classification to accelerate yield learning rates and reduce production risk. The company also provides etch, plasma dicing, deposition, and other wafer processing technologies and solutions for the semiconductor and microelectronics industry. In addition, it offers direct imaging, inspection, optical shaping, inkjet and additive printing, and computer-aided manufacturing and engineering solutions for the PCB 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.
KLA Corporation — frequently asked questions
What is KLA Corporation's revenue?
KLA Corporation (KLAC) reported revenue of $13.58B for fiscal year 2026, up 11.7% from the prior year, according to its SEC filings.
Is KLA Corporation profitable?
Yes. KLAC earned net income of $4.83B in fiscal 2026, a net margin of 35.6%.
What is KLAC's P/E ratio?
KLA Corporation trades at a price-to-earnings ratio of about 50.0 based on the latest data in our nightly-refreshed cache.
How fast is KLA Corporation growing?
KLAC's revenue grew at roughly 14.4% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does KLA Corporation have?
As of fiscal year 2026, KLAC carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is KLA Corporation's market cap?
KLA Corporation (KLAC) has a market capitalization of about $238.81B, based on the latest data in our nightly-refreshed cache.
When does KLA Corporation's fiscal year end?
KLAC's fiscal year ends in June. Its most recent annual filing covers the fiscal year ending 2026-06-30.
What growth is priced into KLAC stock?
At today's market cap of $238.81B, KLA Corporation is priced for free-cash-flow growth of about 23.6% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $3.75B from the FY ending 2025-06-30). For comparison, free cash flow actually grew 18.2%/yr over the last five fiscal years and revenue 14.4%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from KLA Corporation's official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.