KLA Corp.
KLAC
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+ FollowMarket Cap$191.73B
Close$
Earnings Call Q4 2026
July 28, 2026 - AI Summary
Strong June-quarter execution (beats guidance)
- Revenue $3.66B (record), above guidance midpoint (~$3.575B), up +7% sequentially and +15% YoY.
- Non-GAAP EPS $1.05 / GAAP EPS $1.04, both at upper end of guidance.
- Gross margin 62.4% (upper end), Operating margin 43.7%, incremental operating margin 59%.
- Cash generation: Free cash flow (FCF) $817M; cash returned $876M in-quarter ($571M buybacks + $305M dividends).
Demand outlook improving; growth accelerating in 2H’26 and into 2027
- Company expects momentum to accelerate through 2H calendar 2026 with “significant growth” in 2027.
- Drivers cited: AI infrastructure capex, leading-edge logic/foundry strength, HBM adoption, increasing process control intensity, and advanced packaging complexity.
- They’re also adding capacity for long-lead supply chain areas, implying operational readiness is improving after earlier constraints.
Major forecast change: wafer equipment market raised + packaging growth step-up
- KLA raised its wafer equipment outlook (including advanced packaging) to ~low $150B range for 2026, up from ~$140B+ prior.
- That implies roughly mid-20% growth vs. ~2005? (they stated ~$120B in 2025 as the base).
- Advanced packaging process control systems revenue target raised to ~$1.1B in calendar 2026, up 70%+ YoY (vs prior high-50% growth). Also positioned as almost 2x faster than the advanced packaging market.
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$54.38
62.7% downside
Current Fair Value
62.7% downsideOvervalued by 62.7% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $191.73 Billion |
|---|---|
| Enterprise Value | $197.51 Billion |
| Dividend Yield | $0.84 (0.58%) |
| Earnings per Share | $3.68 |
| Beta | 1.45 |
| Outstanding Shares | 1,311,516,000 |
Return
| Return on Equity | 76.08% |
|---|---|
| Return on Assets | 26.91% |
| Return on Invested Capital | 39.28% |
Valuation & Multiples
| P/E Ratio | 39.52 |
|---|---|
| PEG | 296.75 |
| Price to Sales | 14.56 |
| Price to Book Ratio | 36.4 |
| Enterprise Value to Revenue | 14.54 |
| Enterprise Value to EBIT | 36.84 |
| Enterprise Value to Net Income | 40 |
| Total Debt to Enterprise | 0.04 |
| Debt to Equity | 1.17 |
Revenue Sources
No data
Insider Trades
Last Earnings Call
Report Date
July 30, 2026
EPS Estimate
$1.00
Average shareholder expectationRevenue Estimate
$3.60 B
Average shareholder expectationNext Earnings Call
Expected Date
October 28, 2026
EPS Estimate
$1.18
Average shareholder expectationRevenue Estimate
$4.04 B
Average shareholder expectationInstitutional Put/Call Ratio
Market sentiment based on institutional option activity.
| Put/Call Ratio | 0.4640▼ 113.18% |
|---|---|
| Total Calls | 12,500▼ 99.91% |
| Total Puts | 5,800▼ 99.97% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 1.30%▼ 90.67% |
|---|---|
| Total Invested | $3.33B▼ 99.11% |
| Investors Holding | 337▼ 2249.00% |
ESG Score
No data
About KLA Corp.
10,000 employees
CEO: Richard Wallace KLA develops industry-leading equipment and services that enable innovation throughout the electronics industry. We provide advanced process control and process-enabling solutions for manufacturing wafers and reticles, integrated circuit...