KLA Corporation (KLAC)
NASDAQInformation TechnologySemiconductorsSnapshot 2026-10-29
$167.43+5.45%
Close 2026-10-29 · 1-day change
NASDAQInformation TechnologySemiconductorsSnapshot 2026-10-29
Research Workspace
Put KLAC beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Semiconductor Materials & Equipment is in expansion. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Maintain gross margin near 60.7%: Comparison needs review.
View ThesisRevenue growth is slowing — up about 12% over the past year and decelerating.
View GrowthMiddle-of-the-pack quality for its industry.
View QualityMiddle-of-the-pack management execution.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationThis stock is highly volatile — it swings about 3% on a typical day and fell roughly 52% in its worst 12-month stretch.
View RiskKLAC’s AI infrastructure and advanced packaging growth depends on sustained demand for wafer equipment. Recent financial performance is strong, with three consecutive reported earnings beats. Q3 FY2026 revenue grew 11% year over year; the latest quarter beat EPS estimates. KLAC trades at 39× P/E versus the 42× peer median. The price reflects less growth than our forecast, despite that peer valuation gap. The specific risk is the gross-margin pillar, whose comparison needs review. Our model puts the next-quarter miss probability near 14%. Peer multiples imply a price about 36% above where it trades; the thesis is on watch, and this read is provisional.
Trailing returns as of 2026-10-29. KLAC is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 32 analysts currently covering KLAC (as of Oct 2026).
Based on 18 Wall Street analysts offering 12-month price targets for KLAC in the last 4 months.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| KLAC Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 12 valuation methods, at three horizons. As of 2026-10-29. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Semiconductor Materials & Equipment — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Compare the value case
Put KLAC next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Grow through AI infrastructure and advanced packaging
Earnings-call outlook supports growth from AI infrastructure and advanced packaging.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-29. EPS is implied from price ÷ P/E. Not investment advice.
Current $167.43
The last 12 months of price, then the range of analyst 12-month targets from today’s $167.43.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Above average on quality vs scored peers
A second lens on the 12-month fair value: for companies that score high on measured quality (profitability, balance-sheet safety, earnings stability), this read trusts more of today's profit margins instead of averaging them toward their multi-year history the way the headline number does. Shown alongside the fair value above, not in place of it. A diagnostic, not a price target or a buy/sell signal.
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Advances: Grow through AI infrastructure and advanced packaging
Strong revenue forecast and expanding wafer equipment market signal substantial demand growth.
Advances: Achieve EPS targets consistent with guidance
Q1 estimates beat supports EPS execution; earnings-call transcript is a reported catalyst.
Advances: Achieve EPS targets consistent with guidance
Earnings beat and upgraded guidance strengthen confidence in achieving EPS targets.
Advances: Drive growth through AI infrastructure and advanced packaging
Strong growth outlook aligns with AI infrastructure objective.
Advances: Drive growth through AI infrastructure and advanced packaging
Brightened growth outlook supports AI infrastructure objectives.
Advances: Increase and maintain quarterly dividend payments
Dividend declaration supports capital allocation objectives.
Advances: Drive growth through AI infrastructure and advanced packaging
AI infrastructure aligns with growth objectives and enhances shareholder value.
