Latest revenue
$3.42B
as of 2026-03-31
Latest net income
$1.20B
as of 2026-03-31
Net margin
35.2%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $246.67B
- Enterprise value
- $251.52B
- P/E (trailing)
- 60.7×
- Forward P/E
- —
- P/B
- 42.31×
- Dividend yield
- 0.4%
- 52-wk high
- $1939.36
- 52-wk low
- $740.44
- Beta
- —
- Shares out
- 130.6M
5-year trend
What this company does
KLA makes process control and inspection equipment that semiconductor manufacturers use to find defects on wafers and photomasks during chip production. It earns the majority of its revenue from selling these inspection and metrology systems to chipmakers, supplemented by a growing high-margin service business tied to its installed base. Revenue grew 11% year-over-year to $9.9 billion over nine months as AI-driven leading-edge chip investment lifts demand, while KLA returned roughly $2.5 billion to shareholders through buybacks and dividends.
Generated from KLAC's filing dated 2025-08-08
Key risks
- Leverage: $5.89B long-term debt against $5.83B equity; $271M nine-month interest paid pressures flexibility if cyclical demand turns.
- China/export-control exposure typical for semicap; deferred system revenue fell to $621M from $817M, signaling potential backlog/shipment timing softness.
- Aggressive capital return: $1.72B buybacks and $752M dividends in 9M consumed ~76% of operating cash flow, limiting downturn cushion.
Generated from KLAC's filing dated 2025-08-08
Profitability
Net margin
33.4%
18.7%Return on equity
86.6%
5.6%Return on assets
25.3%
41.3%Leverage
Debt / equity
2.42×
32.3%Long-term debt / equity
1.25×
28.2%Debt / assets
70.8%
9.4%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $3.42B | +11.5% | $1.20B | +10.3% | 35.2% |
Q4 2025 2025-12-31 | $3.30B | +7.2% | $1.15B | +39.0% | 34.7% |
Q3 2025 2025-09-30 | $3.21B | +13.0% | $1.12B | +18.5% | 34.9% |
Q2 2025 2025-06-30 | $3.17B | +23.6% | $1.20B | +43.8% | 37.9% |
Q1 2025 2025-03-31 | $3.06B | +29.8% | $1.09B | +80.9% | 35.5% |
Q4 2024 2024-12-31 | $3.08B | +23.7% | $824.5M | +41.5% | 26.8% |
Q3 2024 2024-09-30 | $2.84B | +18.5% | $945.9M | +27.6% | 33.3% |
Q2 2024 2024-06-30 | $2.57B | — | $836.4M | — | 32.6% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Optical Instruments & Lenses · SIC 3827
Your notes
Keep private notes on KLAC — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$0
Insider selling
$66.6M
Net activity
−$66.6M
Distinct insiders
7
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns KLAC
Institutional value
$50.73B
Total shares held
35.6M
Distinct holders
735
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 8.5M | $12.54B | — | New |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 4.0M | $5.93B | — | New |
| 3 | PRIMECAP MANAGEMENT CO/CA/ | 2.4M | $3.59B | — | New |
| 4 | Invesco Ltd. | 1.7M | $2.45B | — | New |
| 5 | Legal & General Group Plc | 1.0M | $1.52B | — | New |
| 6 | Bank of New York Mellon Corp | 888.4K | $1.31B | — | New |
| 7 | VANGUARD FIDUCIARY TRUST CO | 756.4K | $1.11B | — | New |
| 8 | DIMENSIONAL FUND ADVISORS LP | 716.1K | $1.05B | — | New |
| 9 | California Public Employees Retirement System | 594.6K | $875.5M | — | New |
| 10 | UBS Group AG | 551.7K | $812.3M | — | New |
| 11 | PARNASSUS INVESTMENTS, LLC | 538.4K | $792.7M | — | New |
| 12 | DEUTSCHE BANK AG\ | 465.0K | $684.7M | — | New |
| 13 | CITIGROUP INC | 388.3K | $571.7M | — | New |
| 14 | Swiss National Bank | 385.6K | $567.8M | — | New |
| 15 | JENNISON ASSOCIATES LLC | 384.5K | $566.1M | — | New |
| 16 | TD ASSET MANAGEMENT INC | 373.1K | $549.3M | — | New |
| 17 | Impax Asset Management Group plc | 363.8K | $535.6M | — | New |
| 18 | National Pension Service | 363.7K | $535.5M | — | New |
| 19 | HSBC HOLDINGS PLC | 363.8K | $534.6M | — | New |
| 20 | Nuveen, LLC | 354.7K | $522.3M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Deferred system revenue dropped $196M YTD to $621M—does this signal slowing process control bookings from leading-edge foundry customers?
- 2
Inventories grew to $3.44B against modest revenue acceleration—are you building for HBM/2nm ramps or absorbing China pull-in risk?
- 3
With China export controls evolving, what percentage of the $9.92B revenue remains exposed to potential additional restrictions on advanced node tools?
Refreshed when KLAC files a new report · last from 2025-08-08