KLA Corporation (KLAC)
NASDAQ · Technology · analysed October 12, 2026
KLA Corporation is a leading provider of process control, yield management, and metrology solutions for the global semiconductor and nanoelectronics industries. Originally founded in 1975 as KLA Instruments and established in its current corporate structure through a 1997 merger with Tencor Instruments, the company supplies advanced optical inspection tools, electron-beam systems, and specialized analytics software essential for microchip production. KLA is currently focused on supporting next-generation semiconductor fabrication driven by artificial intelligence demand, expanding capabilities in advanced chip packaging, and enhancing process control technologies for sub-3-nanometer manufacturing nodes.
Executive summary
KLA Corporation holds an exceptional competitive position, commanding over 60% of the global semiconductor process control equipment market and generating robust net margins of 35.57%1,4. However, with shares trading at 53.43 times trailing earnings and 35.43 times forward earnings after a 62.7% gain over the past year, valuation already embeds a steep fiscal 2027 recovery ramp1,5,6. In addition, mainland China accounts for nearly 30% of revenue, leaving the company exposed to potential expansions of United States trade restrictions1.
Sources cited here, 4 of 24
- 1ir.kla.com
- 4morningstar.com
- 5trefis.com
- 6chartmill.com
Key figures
- P/E, trailing
- 53.4
- P/E, next 12 months
- 35.4
- Revenue growth, last fiscal year
- 11.7%
- Net margin, last fiscal year
- 35.6%
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