KLA CORP · Optical Instruments & Lenses

KLAC

Low riskAI: Chip equipment and designNext report: In 1 days (est.)

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The short version

A high-quality, profitable business with growing sales.

Going well

Sales up 15% in the latest quarter vs a year ago
Profitable every year for 10 years
Sales up 24% last year

Money moves

No insider buying or selling in the last 30 days
Held by Ray Dalio (Bridgewater)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$149.22+2.5% that day

Company value: $195.0B; Share price times all shares
Price vs sales: 14.4x; No profit over the last year, so this compares value with sales instead
Dividend yield: 0.5%; Yearly dividend as a share of today's price
Cash vs value: 1%; Cash as a share of company value
Debt vs value: 3%; Debt as a share of company value

From KLAC's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26 (worked out from yearly totals)

$3.7B+15% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $13.6B, up 12% from the 12 months before. Over 5 years, sales grew about 16% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of KLAC. Starting points are the company's recent numbers.

Sales growth+12% a yearRecently: +12% a yearProfit margin36%Last 12 months: 35.6%P/E at the end15xMany steady companies trade at 12x to 25xShare count change0% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$23.9B

Profit in 5 years$8.6B

Price these guesses point to$98.91-34% vs $149.22 todayAbout -7.9% a year, before dividends

What today's price needs: with a 36% margin and a 15x P/E, sales would have to grow about 22% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

4/5Strong

PassReturn on equity 15%+Earns a lot on the money owners have in the business.89.8%
MissDebt under half of equityNot relying on borrowed money.1.08x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.33.4%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$3.7B

Revenue: $12.2B; +23.9% vs prior year
5-year growth: +15.9%/yr; revenue, per year
Total debt: $5.9B; 1.08x equity
Current ratio: 2.83x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: share count not growing, gross margin 40%+. A checklist is a starting point for research, not a verdict.