KLAC

KLA Corp

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937.760

+6.64(0.713%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

945.005

Open

928.460

VWAP

938.59

Vol

674.13K

Mkt Cap

124.01B

Low

925.650

Amount

632.73M

EV/EBITDA(TTM)

23.95

Total Shares

134.64M

124.99B

EV/OCF(TTM)

32.81

P/S(TTM)

10.83

KLA Corporation is a supplier of process control and yield management solutions and services for the semiconductor and related electronics industries. The Company offers a portfolio of inspection and metrology products, and related services, software and other offerings, supports research and development (R&D) and manufacturing of integrated circuits (ICs), wafers and reticles. Its segments include Semiconductor Process Control, Specialty Semiconductor Process, and PCB and Component Inspection. Semiconductor Process Control segment provides comprehensive portfolio of inspection, metrology and software products, as well as related services, helping IC, wafer, reticle/mask and chemical/materials manufacturers achieve target yields throughout the entire fabrication process, from R&D to final volume production. The Specialty Semiconductor Process segment develops and sells advanced vacuum deposition and etch process tools, which are used by a range of specialty semiconductor customers.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q2

FY2026Q1

FY2025Q4

3.04B

-1.35%

7.990

-2.56%

3.05B

+7.2%

8.118

+10.75%

3.08B

+19.85%

8.546

+29.48%

Estimates Revision

The market is revising Upward the revenue expectations for KLA Corporation (KLAC) for FY2025, with the revenue forecasts being adjusted by 1.1% over the past three months. During the same period, the stock price has changed by 51.06%.

Revenue Estimates for FY2025

Revise Upward

+1.1%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+2.85%

In Past 3 Month

Stock Price

Go Up

+51.06%

In Past 3 Month

17 Analyst Rating

-11.98% Downside

Wall Street analysts forecast KLAC stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for KLAC is 825.43 USD with a low forecast of 590.00 USD and a high forecast of 950.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

11 Buy

6 Hold

0 Sell

Moderate Buy

-11.98% Downside

Current: 937.760

Low

590.00

Averages

825.43

High

950.00

-11.98% Downside

Current: 937.760

Low

590.00

Averages

825.43

High

950.00

Goldman Sachs

James Schneider

Neutral

initiated

$980

2025-07-10

Reason

Goldman Sachs

James Schneider

Price Target

$980

2025-07-10

initiated

Neutral

Reason

Goldman Sachs analyst James Schneider initiated coverage of KLA Corp. with a Neutral rating and $980 price target. The firm initiated on the U.S. semiconductor capital equipment, storage, and foundry sectors with a balanced view. The he semiconductor capital equipment industry is in mid-cycle, with both headwinds and tailwinds creating relatively stable revenue dynamics across the sector, the analyst tells investors in a research note. Goldman sees more downside than upside risks, and thinks stable revenue through 2026 is the most likely outcome. It believes China represents more opportunity than threat for companies. Upside remains in the hard-disk-drive cycle with a recovery in NAND, Goldman contends. The analyst says NAND is due for a rebound into 2026.

Wells Fargo

Joe Quatrochi

Overweight

Equal Weight

downgrade

$870 -> $920

2025-07-08

Reason

Wells Fargo

Joe Quatrochi

Price Target

$870 -> $920

2025-07-08

downgrade

Overweight

Equal Weight

Reason

Wells Fargo analyst Joe Quatrochi downgraded KLA Corp. to Equal Weight from Overweight with a price target of $920, up from $870.

Wells Fargo

Overweight -> Equal Weight

downgrade

$870 -> $920

2025-07-08

Reason

Wells Fargo

Price Target

$870 -> $920

2025-07-08

downgrade

Overweight -> Equal Weight

Reason

As previously reported, Wells Fargo downgraded KLA Corp. (KLAC) to Equal Weight from Overweight with a price target of $920, up from $870, as shares have significantly outperformed the group and trade well above its median price to earnings at about 26-times. Wells struggles with the drivers required to deliver further 2026 upside to its already above-Street estimates. The firm is lowering its 2026 leading edge F/L forecast as it expects spending to only be driven by TSMC (TSM) 2nm + 3nm AZ with another transition year for Intel (INTC)/Samsung (SSNLF).

Citi

Buy

maintain

$835

2025-07-07

Reason

Citi

Price Target

$835

2025-07-07

maintain

Buy

Reason

Citi raised the firm's price target on KLA Corp. to $1,035 from $835 and keeps a Buy rating on the shares. With China's agreement to restore the rare earth magnets exports licenses for six months and the U.S. lifting the countermeasures imposed, the major downside risk of a broader ban on semiconductor equipment is off the table for now, the analyst tells investors in a research note. As a result, Citi increased estimates for the major names in the semiconductor equipment group.

Morgan Stanley

NULL -> Overweight

maintain

$868 -> $916

2025-07-01

Reason

Morgan Stanley

Price Target

$868 -> $916

2025-07-01

maintain

NULL -> Overweight

Reason

Morgan Stanley raised the firm's price target on KLA Corp. to $916 from $868 and keeps an Overweight rating on the shares. The firm has further conviction that KLA is the biggest winner from Gate-All-Around, the analyst tells investors in a research note.

Morgan Stanley

Overweight

maintain

$868 -> $916

2025-07-01

Reason

Morgan Stanley

Price Target

$868 -> $916

2025-07-01

maintain

Overweight

Reason

Morgan Stanley raised the firm's price target on KLA Corp. to $916 from $868 and keeps an Overweight rating on the shares. Following the firm's Asia trip, it revised up its 2025 China wafer fab equipment forecast from down 12% year-over-year to down 3%. The firm added that its biggest takeaway from the trip was the indication that China will come in far stronger in the second half versus the first half.

See All Ratings

Valuation Metrics

The current forward P/E ratio for KLA Corp (KLAC.O) is 28.49, compared to its 5-year average forward P/E of 20.05. For a more detailed relative valuation and DCF analysis to assess KLA Corp 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Overvalued

5Y Average PE

20.05

Current PE

28.49

Overvalued PE

24.48

Undervalued PE

15.63

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Overvalued

5Y Average EV/EBITDA

15.84

Current EV/EBITDA

22.30

Overvalued EV/EBITDA

19.35

Undervalued EV/EBITDA

12.33

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Strongly Overvalued

5Y Average PS

6.67

Current PS

10.04

Overvalued PS

8.21

Undervalued PS

5.14