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

$156.20+3.09(0.02%)After hours

Market Cap

$203.89B

P/E

38.8x

P/S

14.1x

P/B

31.3x

KLA Corporation, together with its subsidiaries, provides process control and process-enabling solutions for manufacturing wafers, reticles/masks, chemicals/materials, integrated circuits (ICs), packaged ICs, and printed circuit boards. It operates through three segments: Semiconductor Process Control; Specialty Semiconductor Process; and PCB and Component Inspection. The company offers inspection and review tools to identify, locate, characterize, review, and analyze defects on various surfaces of patterned and unpatterned 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; semiconductor software solutions; KLA Pro systems; and specialty semiconductor manufacturing, benchtop metrology, surface characterization, material strength characterization, and electrical property measurement products. It also provides etch, plasma dicing, deposition and other wafer processing technologies and solutions; direct imaging, inspection, optical shaping, inkjet, and additive printing, as well as computer-aided manufacturing and engineering solutions; and components. In addition, the company offers service programs. It serves semiconductor, and semiconductor-related and electronic device manufacturers. The company operates in China, Taiwan, Korea, North America, Japan, Europe, Israel, and rest of Asia. 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: 89/100

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

Profitability25/25

Growth25/25

Balance Sheet & Red Flags20/25

Cash & Earnings Quality19/25

Strengths

Growing revenueStrong marginsHigh ROERising earnings

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 · 38.8x5y range 13.4x – 75.3x

Currently above its 20-quarter median.

P/S · 14.1x5y range 4.5x – 26.8x

Currently above its 20-quarter median.

P/B · 31.3x5y range 13.8x – 57.3x

Currently near its 20-quarter median.

Price & Volume

Market Cap $203.89B

Metrics at a Glance

as of September 2026

Revenue & Profit

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

TTM Revenue: $14.51B
Q. Revenue: $4.14B
TTM EBITDA: $6.30B
TTM Op. Income: $5.90B
Q. Op. Income: $1.79B
TTM Net Income: $5.26B
Q. Net Income: $1.55B
EPS: $1.19
Shares Out.: $1.31B

$14.51B in TTM revenue grew 15.8% YoY, reaching $4.14B last quarter. TTM EBITDA of $6.30B and TTM operating income of $5.90B show growth is flowing through to the bottom line. TTM net income of $5.26B 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: 61.9%
EBITDA Margin: 45.7%
Op. Margin: 43.4%
Net Margin: 37.4%

Op. margin of 43.4% is up 3.9% YoY — cost efficiency is improving. Net margin at 37.4% and gross margin of 61.9% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

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

P/E Ratio: 38.8x
P/S Ratio: 14.1x
P/B Ratio: 31.3x

At 38.8x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 14.1x and P/B of 31.3x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 17% — an improving trend.

Assets & Liabilities

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

Total Assets: $18.40B
Cash: $1.53B
Long-Term Debt: $5.72B
Book Value: $6.52B
D/E Ratio: 0.9
Debt/EBITDA: 3.0

With $18.40B in assets and $5.72B in long-term debt, D/E is 0.9and book value is $6.52B — 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: $1.53B
TTM Free Cash Flow: $4.04B
FCF Margin: 27.8%
FCF / Net Income: 0.8

TTM FCF of $4.04B on $1.53B in operating cash flow. The FCF / Net Income ratio of 0.8x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 4% — an improving trend.