KLA (KLAC) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

KLA

NasdaqGS•Technology•Semiconductor Equipment & Materials

$168.98+1.62(0.01%)Pre-market

Market Cap

$220.79B

P/E

45.7x

P/S

16.3x

P/B

34.8x

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.

How this company scores

ExcellentMetricSide Score: 87/100

Strongest: Profitability (25/25); weakest: Cash & Earnings Quality (19/25).

Profitability25/25

Growth23/25

Balance Sheet & Red Flags20/25

Cash & Earnings Quality19/25

Strengths

Strong marginsHigh ROERising earningsInterest easily covered

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 45.7x5y range 13.4x – 45.7x

Currently above its 20-quarter median.

P/S · 16.3x5y range 4.5x – 16.3x

Currently above its 20-quarter median.

P/B · 34.8x5y range 13.2x – 34.8x

Currently above its 20-quarter median.

Price & Volume

Market Cap $220.79B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $13.58B
Q. Revenue: $3.66B
TTM EBITDA: $5.77B
TTM Op. Income: $5.38B
Q. Op. Income: $1.48B
TTM Net Income: $4.83B
Q. Net Income: $1.36B
EPS: $1.043
Shares Out.: $1.31B

$13.58B in TTM revenue grew 11.7% YoY, reaching $3.66B last quarter. TTM EBITDA of $5.77B and TTM operating income of $5.38B show growth is flowing through to the bottom line. TTM net income of $4.83B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 61.4%
EBITDA Margin: 43.2%
Op. Margin: 40.5%
Net Margin: 37.3%

Op. margin of 40.5% is up 0.2% YoY — cost efficiency is improving. Net margin at 37.3% and gross margin of 61.4% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 1% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 45.7x
P/S Ratio: 16.3x
P/B Ratio: 34.8x

At 45.7x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 16.3x and P/B of 34.8x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 5 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $17.95B
Cash: $1.65B
Long-Term Debt: $5.89B
Book Value: $6.35B
D/E Ratio: 0.9
Debt/EBITDA: 3.7

With $17.95B in assets and $5.89B in long-term debt, D/E is 0.9and book value is $6.35B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 7 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $906.43M
TTM Free Cash Flow: $3.77B
FCF Margin: 27.7%
FCF / Net Income: 0.8

TTM FCF of $3.77B on $906.43M in operating cash flow. The FCF / Net Income ratio of 0.8x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.