KLA's dominant position in semiconductor process control is translating into accelerating revenue growth, with 2026Q4 revenue up 15.2% year-over-year and gross margins holding at 61.4%, well above peers. The company's asset-light model and strong operating lev...
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Revenue growth accelerated to 15.2% year-over-year in 2026Q4 with gross margin resilient at 61.4% and operating margin expanding to 42.5%, reflecting strong pricing power and operating leverage.
KLA holds a near-monopoly in semiconductor process control systems, crucial for advanced chips, especially for AI applications.
KLA's TTM revenue reached $13.1 billion with a net income of $4.7 billion, resulting in a net margin of 35.7%.
KLA's TTM net margin improved from 32% to 35.7%, indicating strong profitability and expected margin expansion.
China accounted for 33% of KLA's fiscal 2025 revenue, with estimated revenue headwinds of $300 to $350 million due to U.S. export controls.
KLA trades at a premium P/E ratio of 49.1x to 52.53x, suggesting potential overvaluation compared to peers.
The semiconductor equipment cycle may face a digestion period as capital expenditures normalize, impacting KLA's service business.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 28, 2026 | $1.05+5.0% vs $1.00 | $3.7B+1.4% vs $3.6B |
Q2 2026 Apr 29, 2026 | $0.94+2.5% vs $0.92 | $3.4B+1.2% vs $3.4B |
Q1 2026 Jan 29, 2026 | $0.89+1.1% vs $0.88 | $3.3B+1.5% vs $3.2B |
Q4 2025 Oct 29, 2025 | $0.88+2.3% vs $0.86 | $3.2B+1.2% vs $3.2B |
TSMC is expanding advanced-packaging capacity as demand from Nvidia and other chip designers continues to rise. KLA, Camtek, and Nova sell different types of inspection and metrology equipment used to protect manufacturing yields.
TSMC's advanced-packaging industrial park signals a surge in chip manufacturing complexity, and the companies that profit most will not be the ones building the packages. Three equipment suppliers sit at a critical chokepoint where every additional package produced forces a spending decision manufacturers cannot easily avoid.
Aehr Test Systems provides specialized stress-testing equipment for the high-growth silicon carbide and artificial intelligence memory markets. KLA holds a dominant position in the semiconductor inspection and metrology market with robust profitability and multi-billion dollar cash flow.
Nvidia grew revenue 106% year over year to $96.2 billion in its latest quarter, and management is forecasting about 70% revenue growth in fiscal 2028. Broadcom says it has already secured the manufacturing supply to double its AI chip revenue to about $115 billion next fiscal year.
Benchmark KLAC against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for KLA Corporation (KLAC)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $188.32 | $246B | 51.45 | 11.71% | 35.57% | 87.5% | 0.43% | |
| $472.46 | $375.11B | 54.56 | 4.39% | 30.05% | 40.44% | — | |
| $310.96 | $388.88B | 53.99 | 26.02% | 31.27% | 66.97% | — | |
| $1747.90 | $673.67B | 61.68 | 15.58% | 29.71% | 51.95% | — | |
| $398.69 | $62.41B | 114.57 | 13.13% | 25.77% | 37.93% | — | |
| $283.81 | $14.12B | 102.09 | 1.82% | 11.84% | 6.5% | — |
KLA Corporation (KLAC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
KLA Corporation (KLAC) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 6, 2026·SEC
Jul 28, 2026·SEC
Jun 12, 2026·SEC
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KLA Corporation (KLAC) stock FAQ — growth, dividends, profitability & financials explained
KLA Corporation (KLAC) reported $13.58B in revenue for fiscal year 2026. This represents a 1216% increase from $1.03B in 1997.
KLA Corporation (KLAC) grew revenue by 11.7% over the past year. This is steady growth.
Yes, KLA Corporation (KLAC) is profitable, generating $4.83B in net income for fiscal year 2026 (35.6% net margin).
Yes, KLA Corporation (KLAC) pays a dividend with a yield of 0.43%. This makes it attractive for income-focused investors.
KLA Corporation (KLAC) has a return on equity (ROE) of 87.5%. This is excellent, indicating efficient use of shareholder capital.
KLA Corporation (KLAC) generated $3.77B in free cash flow for fiscal year 2026. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
