KLA (KLAC) Stock Analysis

November 11, 2026

This is a peer-relative look at KLA (KLAC): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Semiconductors & Semiconductor Equipment peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for KLA (KLAC)
Profile Item	KLAC
Name	KLA Corporation
Country/Region	United States
GICS Sector	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment
GICS Industry	Semiconductors & Semiconductor Equipment
GICS Sub-Industry	Semiconductor Materials & Equipment
Market Capitalization	180.45 billion USD
Currency	USD
Exchange	Nasdaq
Listing Date	October 8, 1980
Security Type	Common Stock

Price Performance

Cumulative Growth

KLAC

GSPC

KLA (KLAC) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for KLA (KLAC) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for KLA (KLAC) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

KLA (KLAC) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: KLAC	Industry group median
Total Return (1Y)	26.92%	35.06%
Total Return (3Y, Annualized)	44.97%	22.14%
Total Return (5Y, Annualized)	30.55%	7.43%

Risk Profile

Drawdown History

KLAC

GSPC

KLA (KLAC) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for KLA (KLAC) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

KLA (KLAC) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: KLAC	Industry group median
Volatility (1Y, Annualized)	63.92%	73.97%
Beta (5Y)	1.51	1.84
Max Drawdown (5Y)	-56.93%	-64.62%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. KLAC is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

KLA (KLAC) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: KLAC	Industry group median
Sharpe Ratio (1Y)	0.35	0.42
Sortino Ratio (1Y)	0.50	0.61

Profitability

ROE (TTM)

KLA (KLAC) posts ROE of 91.38%, above the industry benchmark range. Equity is being turned into profit at an exceptional rate, but very high ROE should still be checked against leverage, buybacks, and the size of the equity base.

KLAC

Semiconductors & Semiconductor Equipment industry group

91.38%

Group distribution

KLAC: 91.38%
Max: 52.82%
Q3: 22.26%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

Largest peers

NVDA: 117.21%
SKHY: 92.54%
KLAC: 91.38%
MU: 88.26%
AVGO: 44.25%
TSM: 41.86%
AMD: 11.96%

Where KLA (KLAC) stands on ROE within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

KLA (KLAC) keeps 36.25% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

KLAC

Semiconductors & Semiconductor Equipment industry group

36.25%

Group distribution

Max: 63.80%
KLAC: 36.25%
Q3: 28.36%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

Largest peers

SKHY: 70.27%
MU: 63.80%
NVDA: 63.66%
TSM: 51.12%
AVGO: 42.94%
KLAC: 36.25%
AMD: 16.77%

Where KLA (KLAC) stands on net margin within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

KLA (KLAC) turns 45.01% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

KLAC

Semiconductors & Semiconductor Equipment industry group

45.01%

Group distribution

Max: 58.66%
KLAC: 45.01%
Q3: 30.23%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

Largest peers

MU: 80.68%
SKHY: 79.66%
NVDA: 66.24%
TSM: 58.66%
AVGO: 54.31%
KLAC: 45.01%
AMD: 21.17%

Where KLA (KLAC) stands on operating margin within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

KLA (KLAC) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: KLAC	Industry group median
ROE (TTM)	91.38%	10.58%
ROA (TTM)	22.27%	4.85%
Net Margin (TTM)	36.25%	11.44%
Operating Margin (TTM)	45.01%	15.91%
Gross Margin (TTM)	61.47%	49.36%

Growth

Revenue Growth

KLA (KLAC) grew revenue 11.71%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

KLA (KLAC): Revenue Growth across different time periods, set against Semiconductors & Semiconductor Equipment industry-group medians.

EPS Growth

KLA (KLAC) grew earnings per share 20.51%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

KLA (KLAC): EPS Growth across different time periods, set against Semiconductors & Semiconductor Equipment industry-group medians.

Growth Metrics

KLA (KLAC) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: KLAC	Industry group median
Revenue Growth (YoY)	11.71%	9.64%
Revenue Growth (3Y CAGR)	8.96%	0.00%
EPS Growth (YoY)	20.51%	4.90%
EPS Growth (3Y CAGR)	14.87%	-7.71%

Financial Strength

Current Ratio (MRQ)

KLA (KLAC) has current ratio of 2.76, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

KLAC

Semiconductors & Semiconductor Equipment industry group

2.76

Group distribution

Max: 10.33
Q3: 5.62
Median: 3.33
KLAC: 2.76
Q1: 2.35
Min: 1.03

Largest peers

SKHY: 26.88
NVDA: 4.59
MU: 3.31
KLAC: 2.76
AMD: 2.73
TSM: 2.51
AVGO: 2.50

Where KLA (KLAC) stands on current ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

KLA (KLAC) has debt-to-equity ratio of 0.92, in the higher-leverage quartile for its industry. The heavier reliance on borrowing can make earnings, rates, or refinancing conditions matter more.

KLAC

Semiconductors & Semiconductor Equipment industry group

0.92

Group distribution

Max: 1.46
KLAC: 0.92
Q3: 0.65
Median: 0.27
Q1: 0.04
Min: 0.00

Largest peers

KLAC: 0.92
AVGO: 0.60
NVDA: 0.17
AMD: 0.13
TSM: 0.12
SKHY: 0.05
MU: 0.04

Where KLA (KLAC) stands on debt-to-equity ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

KLA (KLAC) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: KLAC	Industry group median
Current Ratio (MRQ)	2.76	3.33
Debt / Equity (MRQ)	0.92	0.27
Net Debt / EBITDA	0.19	-0.36

Dividends

Dividend Yield (TTM)

KLA (KLAC) has dividend yield of 0.65%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

KLAC

Semiconductors & Semiconductor Equipment industry group

0.65%

Group distribution

Max: 1.37%
Q3: 0.65%
KLAC: 0.65%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

SKHY: 2,118.64%
TSM: 1.70%
AVGO: 0.89%
KLAC: 0.65%
NVDA: 0.15%
MU: 0.09%
AMD: 0.00%

Where KLA (KLAC) stands on dividend yield within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

KLA (KLAC) has payout ratio of 21.03%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

KLAC

Semiconductors & Semiconductor Equipment industry group

21.03%

Group distribution

Max: 49.64%
Q3: 21.71%
KLAC: 21.03%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

AVGO: 32.44%
TSM: 24.46%
KLAC: 21.03%
NVDA: 3.54%
MU: 0.71%
SKHY: 0.00%
AMD: 0.00%

Where KLA (KLAC) stands on payout ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

KLA (KLAC) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: KLAC	Industry group median
Dividend Yield (TTM)	0.65%	0.00%
Dividend Payout Ratio (TTM)	21.03%	0.00%

Valuation

P/E Ratio (TTM)

KLA (KLAC) trades at P/E ratio of 34.71, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

KLAC

Semiconductors & Semiconductor Equipment industry group

34.71

Group distribution

Max: 110.34
Q3: 66.81
Median: 37.02
KLAC: 34.71
Q1: 23.96
Min: 8.12

Largest peers

AMD: 95.95
AVGO: 37.51
KLAC: 34.71
TSM: 24.33
NVDA: 23.60
MU: 9.28
SKHY: 8.12

Where KLA (KLAC) stands on P/E ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

KLA (KLAC) trades at 12.44 on P/S ratio, in the higher sales-valuation quartile. Investors are paying up for each dollar of revenue, so stronger margins, growth, or revenue quality need to carry that price.

KLAC

Semiconductors & Semiconductor Equipment industry group

12.44

Group distribution

Max: 21.42
KLAC: 12.44
Q3: 12.27
Median: 5.76
Q1: 2.73
Min: 0.00

Largest peers

AMD: 16.21
AVGO: 15.73
NVDA: 14.88
KLAC: 12.44
MU: 5.86
TSM: 0.39
SKHY: 0.00

Where KLA (KLAC) stands on P/S ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

KLA (KLAC) trades at 27.67 on P/B ratio, above the industry benchmark range. Investors are putting an unusually rich price on each dollar of book equity relative to peers.

KLAC

Semiconductors & Semiconductor Equipment industry group

27.67

Group distribution

KLAC: 27.67
Max: 14.06
Q3: 7.44
Median: 4.29
Q1: 2.30
Min: 0.20

Largest peers

TSM: 71.65
KLAC: 27.67
NVDA: 19.68
AVGO: 14.06
AMD: 10.77
MU: 5.64
SKHY: 3.95

Where KLA (KLAC) stands on P/B ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

KLA (KLAC) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: KLAC	Industry group median
P/E Ratio (TTM)	34.71	37.02
P/S Ratio (TTM)	12.44	5.76
P/B Ratio (MRQ)	27.67	4.29
Free Cash Flow Yield (TTM)	1.56%	1.46%