KLA Corporation

NasdaqGS:KLAC Stock Report

Market Cap: US$239.0b

KLA Future Growth

Future criteria checks 4/6

KLA is forecast to grow earnings and revenue by 19% and 15.1% per annum respectively. EPS is expected to grow by 18.9% per annum. Return on equity is forecast to be 65.6% in 3 years.

Key information

19.0%

Earnings growth rate

18.90%

EPS growth rate

Semiconductor earnings growth30.5%
Revenue growth rate15.1%
Future return on equity65.62%
Analyst coverage

Good

Last updated10 Sep 2026

Recent future growth updates

Recent updates

Seeking Alpha • Sep 09

KLA Corporation Is A Buy The Dip Opportunity (Technical Analysis)

Summary KLA Corporation exhibits a bullish trend, with price action showing higher highs and recapturing its 30-week EMA. KLAC's fundamentals are robust, with FY 2027 and FY 2028 revenue and EPS estimates projecting 33%-57% and 44%-77% growth, respectively. Management targets doubling revenues and a 123% EPS increase by FY 2030, supported by strong cash flow, buybacks, and consistent dividend hikes. Despite recent volume weakness and short-term underperformance versus the S&P 500, the current pullback is viewed as a buy-the-dip opportunity. Read the full article on Seeking Alpha
Narrative Update • Sep 03

KLAC: AI WFE Upside And Process Control Demands Will Test Premium Multiple

KLA's updated analyst price target of $175, up from $165, reflects analysts balancing sector wide multiple compression with expectations for stronger wafer fab equipment spending, accelerating revenue growth in the second half of the year, and ongoing benefits from higher process control intensity and services growth. Analyst Commentary Recent research on KLA highlights a split view among Wall Street firms.
Narrative Update • Aug 14

KLAC: AI WFE And Process Control Assumptions Will Challenge Rich Multiple

Analysts have adjusted the price target on KLA to $165, with the change framed around updated views on revenue growth, profit margins and valuation multiples, following recent research that highlights stronger wafer fab equipment expectations alongside mixed commentary on near term results and sector multiples. Analyst Commentary Recent Street research on KLA highlights a wide range of views, with some firms turning more constructive while a group of bearish analysts has trimmed price targets and flagged execution and valuation risks.
Narrative Update • Jul 30

KLAC: AI Infrastructure Spending And Process Control Demand Will Support Re Rating

Analysts have adjusted the KLA price target to $303.48. This reflects a blend of higher assumed long term profit margins, a slightly higher discount rate, and a richer future P/E multiple supported by research commentary that highlights stronger process control demand, ongoing WFE and AI infrastructure spending, and mixed but generally constructive earnings revisions across the Street.
Narrative Update • Jul 16

KLAC: AI WFE Backlogs And Volatile P/E Will Shape Returns Through 2028

KLA's updated analyst price target framework reflects a higher fair value estimate of $232.43, supported by slightly stronger revenue growth and profit margin assumptions, as well as a modestly higher future P/E multiple in line with Street research pointing to AI driven demand and extended semiconductor equipment backlogs. Analyst Commentary Street research around KLA highlights a wide range of updated price targets, with most analysts fine tuning their models around AI related demand for wafer fab equipment, extended backlogs and sector wide capacity plans.
Narrative Update • Jul 02

KLAC: Extended 2028 WFE Optimism Will Pressure Already Stretched Share Price

The analyst price target for KLA has been raised from about $200 to roughly $214. Analysts point to updated semiconductor equipment cycle assumptions, extended wafer fab equipment visibility, and higher long term industry revenue forecasts as key drivers of the change.
Narrative Update • Jun 18

KLAC: AI Spending And 2028 WFE Hopes Will Challenge Stock Price

Analysts have lifted their price expectations for KLA stock, with the latest price targets moving from around $1,700 to a range that now stretches as high as $2,500. The revisions reflect updated wafer fab equipment assumptions and extended visibility into demand through 2028.
Narrative Update • Jun 04

KLAC: AI-Driven Demand Will Eventually Test High Expectations For 2030 Targets

The analyst price target for KLA has increased to $1,855 from $1,676, with analysts citing updated assumptions for revenue growth, profit margins, and long-term forecasts from recent research coverage. Analyst Commentary Recent research coverage on KLA has been active, with multiple firms adjusting price targets and updating their views following the company's Investor Day and revised long-term targets.
Narrative Update • May 13

KLAC: AI And DRAM Spending Boom Will Test Rich Earnings Expectations

Analysts have lifted their price targets on KLA, contributing to an increase in the modelled fair value from about $1,336 to roughly $1,513 as they factor in higher revenue growth assumptions, a slightly stronger profit margin outlook, a modestly higher discount rate, and a somewhat lower future P/E. Analyst Commentary Recent research coverage on KLA has been active, with several firms adjusting price targets around key events such as the company’s investor day and updated long term forecasts.
Narrative Update • Apr 28

KLAC: Investor Day Goals And Capital Returns Will Support Re Rating

Analysts have raised KLA's aggregate price target by several hundred dollars per share, citing stronger long term growth assumptions, a higher proportion of revenue tied to wafer fab equipment spending, and updated company targets that support higher revenue growth and P/E assumptions even as projected profit margins moderate. Analyst Commentary Recent Street research around KLA has been heavily focused on higher price targets and updated long term frameworks, with multiple bullish analysts citing the company’s latest Investor Day as a key reference point.
Narrative Update • Apr 13

KLAC: Investor Day Framework And Share Gains Will Drive Re Rating

The analyst price target for KLA has been updated from $1,950 to $2,000 as analysts factor in more upbeat Investor Day commentary, refreshed long-term revenue and earnings targets, and a set of broadly higher Street price targets following recent research updates. Analyst Commentary Bullish analysts have been leaning into KLA's updated long term framework, using Investor Day as a key reference point for revisiting their models on growth, margins, and cash generation.
Narrative Update • Mar 30

KLAC: Leading Edge Exposure And Investor Day Framework Will Drive Re Rating

The analyst price target for KLA has been raised from $1,800 to $1,950. Analysts attribute this change to more constructive revenue growth and profit margin assumptions following a stronger than expected Investor Day and broadly higher Street targets across the semicap group.
Narrative Update • Mar 16

KLAC: AI And DRAM Spending Cycles Will Support Stronger Long Term Outlook

The analyst price target for KLA has been revised higher, with the updated fair value estimate moving from about $1,297 to roughly $1,676 as analysts factor in stronger long term revenue growth, higher profit margin assumptions and KLA's more constructive Investor Day outlook, while views on the appropriate discount rate and future P/E multiple remain fairly similar. Analyst Commentary Recent research has centered on KLA's updated long term framework, higher 2030 financial targets and a reassessment of wafer fab equipment spending, with most firms adjusting price targets and rating views around those themes.
Narrative Update • Mar 02

KLAC: AI And DRAM Spending Upswing Will Challenge Lofty P/E Premium

The analyst price target for KLA has inched higher to $1,336 from $1,332, as analysts factor in slightly stronger long term revenue growth, a marginally higher profit margin profile and a small adjustment lower in the discount rate, while keeping future P/E expectations broadly similar. Analyst Commentary Across recent research, most commentary on KLA has centered on higher price targets, upbeat views on wafer fab equipment spending and interest in the upcoming investor day, where some analysts expect long term financial targets to be outlined.
Narrative Update • Feb 16

KLAC: AI And DRAM Upswing Will Test Elevated P/E Expectations

The analyst fair value estimate for KLA has been raised by $52 to $1,332, as analysts generally factor in slightly higher revenue growth and profit margins, a modestly lower discount rate, and Street research that points to stronger wafer fab equipment spending and KLA's position in leading edge logic and memory. Analyst Commentary Recent Street research around KLA features a cluster of higher price targets and several rating upgrades, with many firms pointing to wafer fab equipment spending, leading edge logic and memory exposure, and KLA's competitive position as key drivers in their models.
Narrative Update • Feb 02

KLAC: AI And DRAM Upswing Will Eventually Expose Rich P E Risk

Analysts have lifted their fair value estimate for KLA to US$1,280 from about US$1,083, citing stronger modeled revenue growth, expectations for a higher future P/E and ongoing support from a broad series of recent price target increases across Wall Street research. Analyst Commentary Recent Street research on KLA has been active, with a wide range of price target changes and a mix of upbeat and more guarded opinions.
Narrative Update • Jan 19

KLAC: Higher Conviction In Leading Edge Exposure Will Drive Re Rating

The analyst fair value estimate for KLA has been lifted from US$1,075 to US$1,800, as analysts factor in stronger projected revenue growth, slightly higher profit margins, and a richer future P/E multiple supported by recent upgrades and higher price targets across the Street. Analyst Commentary Recent Street research around KLA points to a clear shift toward a more constructive stance, with several firms recalibrating their models and price targets to reflect higher conviction in the company’s execution and end market positioning.
Analysis Article • Jan 16

Subdued Growth No Barrier To KLA Corporation (NASDAQ:KLAC) With Shares Advancing 32%

Despite an already strong run, KLA Corporation ( NASDAQ:KLAC ) shares have been powering on, with a gain of 32% in the...
Narrative Update • Jan 05

KLAC: AI And DRAM Upswing Will Leave Shares Vulnerable To Cycle Normalization

Analysts have raised their price target on KLA from about $655 to roughly $1,083 per share, reflecting increased confidence in the company's strengthening profit margins, higher long term valuation multiple, and improved visibility into AI driven demand and memory investment cycles. Analyst Commentary Recent Street research has turned more constructive on KLA, with multiple firms lifting price targets and highlighting the company’s leverage to AI driven process control intensity and improving memory investment.
Narrative Update • Dec 15

KLAC: AI And DRAM Spending Cycles Will Drive Balanced Risk Reward Ahead

Analysts have nudged their average price target for KLA higher by about $10 to roughly $1,297 per share, citing stronger than expected recent results, rising confidence in the company’s dominant position in process control for AI driven chip transitions, and a healthier long term DRAM and wafer fab equipment outlook, even as they trim margin assumptions slightly. Analyst Commentary Street research remains broadly constructive on KLA, with several recent target hikes and an upgrade reflecting rising conviction in the company’s role as a key beneficiary of AI driven wafer fab investment, even as some caution persists around cycle timing and already elevated expectations.
Narrative Update • Dec 01

KLAC: AI And DRAM Investment Cycles Will Balance Market Uncertainties Ahead

Analysts have raised their price targets for KLA, citing strong quarterly results, an improved outlook for artificial intelligence demand, and the company's dominant market position. Recent targets have moved from $1,093 to as high as $1,300.
Narrative Update • Nov 17

KLAC: Rising AI And DRAM Momentum Will Drive Stronger Performance Ahead

KLA's analyst price target has been revised upward, increasing by $15 to $1,287. Analysts cite robust quarterly results, enhanced positioning in AI and DRAM markets, and improving profit margins as key factors supporting a positive outlook.
Narrative Update • Nov 01

KLAC: Future Demand From AI And Fab Investment Will Present Balanced Opportunities And Risks

KLA's analyst price target has increased significantly to $1,271.88 from $1,026.32. Analysts cite improving revenue growth forecasts and ongoing strength in the company's core markets as key drivers of optimism.
Analysis Article • Oct 30

Here's Why Shareholders Will Not Be Complaining About KLA Corporation's (NASDAQ:KLAC) CEO Pay Packet

Key Insights KLA's Annual General Meeting to take place on 5th of November Total pay for CEO Rick Wallace includes...
Narrative Update • Oct 17

AI And Advanced Packaging Will Unlock Future Value

KLA's analyst price target has increased by approximately $54 to $1,026, reflecting analysts' growing optimism on AI-related demand and improved industry sentiment. This comes despite some caution on future expectations.
Narrative Update • Oct 03

AI And Advanced Packaging Will Unlock Future Value

KLA's analyst price target has risen from $929.68 to $972.48, as analysts point to stronger expected revenue growth and profit margins. This is supported by optimism around U.S.-focused semiconductor manufacturing and positive industry trends.
Analysis Article • Oct 02

There's Reason For Concern Over KLA Corporation's (NASDAQ:KLAC) Massive 29% Price Jump

KLA Corporation ( NASDAQ:KLAC ) shareholders would be excited to see that the share price has had a great month...
Seeking Alpha • Apr 11

KLA Corporation: Buy The Dip As Growth Continues To Accelerate (Technical Analysis)

Summary KLA Corporation has seen a 14% decline in the past month, but I believe this is unjustified as the business fundamentals remain strong and growth is accelerating. Technical analysis shows bearish sentiment, but positive divergence in MACD and stochastics suggests a potential bottom, with Ichimoku Cloud indicating questionable bearish momentum. Impressive Q2 results with significant YoY revenue and EPS growth, and Q3 guidance indicates further acceleration, making the stock undervalued. The P/S ratio has contracted to average levels, highlighting a disconnect from strong fundamentals, and presenting a compelling buy opportunity. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NasdaqGS:KLAC - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
6/30/202924,69110,4228,64910,17910
6/30/202821,4168,6267,0337,97721
6/30/202718,1147,0636,5126,97623
6/30/202613,5794,8313,7674,143N/A
3/31/202613,0974,6714,0104,402N/A
12/31/202512,7454,5584,3774,766N/A
9/30/202512,5244,2373,8734,248N/A
6/30/202512,1564,0623,7474,082N/A
3/31/202511,5503,6953,5143,810N/A
12/31/202410,8473,2083,3623,647N/A
9/30/202410,2572,9663,1503,420N/A
6/30/20249,8122,7623,0313,309N/A
3/31/20249,5992,6103,0803,375N/A
12/31/20239,6712,7063,1683,476N/A
9/30/202310,1693,1033,2173,542N/A
6/30/202310,4963,3873,3283,670N/A
3/31/202310,6283,5083,1943,530N/A
12/31/202210,4843,5412,9863,338N/A
9/30/20229,8523,2793,1383,460N/A
6/30/20229,2123,3223,0053,313N/A
3/31/20228,6513,1492,6702,959N/A
12/31/20218,1662,9862,5362,786N/A
9/30/20217,4642,7262,2922,537N/A
6/30/20216,9192,0781,9532,185N/A
3/31/20216,4531,8571,9542,172N/A
12/31/20206,0731,3681,7681,968N/A
9/30/20205,9321,2911,6191,795N/A
6/30/20205,8061,2171,6261,779N/A
3/31/20205,6051,023N/A1,651N/A
12/31/20195,2791,138N/A1,373N/A
9/30/20194,8891,126N/A1,267N/A
6/30/20194,5691,176N/A1,153N/A
3/31/20194,3801,307N/A1,201N/A
12/31/20184,3041,421N/A1,390N/A
9/30/20184,160917N/A1,237N/A
6/30/20184,037802N/A1,229N/A
3/31/20183,905710N/A1,318N/A
12/31/20173,798656N/A1,190N/A
9/30/20173,6991,029N/A1,284N/A
6/30/20173,480926N/A1,080N/A
3/31/20173,461941N/A971N/A
12/31/20163,259864N/A858N/A
9/30/20163,093778N/A736N/A
6/30/20162,984704N/A760N/A
3/31/20162,822575N/A723N/A
12/31/20152,848531N/A854N/A
9/30/20152,814399N/A765N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: KLAC's forecast earnings growth (19% per year) is above the savings rate (3.7%).

Earnings vs Market: KLAC's earnings (19% per year) are forecast to grow faster than the US market (17.3% per year).

High Growth Earnings: KLAC's earnings are forecast to grow, but not significantly.

Revenue vs Market: KLAC's revenue (15.1% per year) is forecast to grow faster than the US market (13.5% per year).

High Growth Revenue: KLAC's revenue (15.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: KLAC's Return on Equity is forecast to be very high in 3 years time (65.6%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/10 23:44
End of Day Share Price 2026/09/10 00:00
Earnings2026/06/30
Annual Earnings2026/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

KLA Corporation is covered by 46 analysts. 23 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James KelleherArgus Research Company
Christopher MuseBarclays
Thomas O'MalleyBarclays