Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

KLA Corporation

KLAC stock analysis · Information Technology · Semiconductor Materials & Equipment

FY 2025-06-30ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$301.71HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$394.3B

Price × SEC outstanding shares. Shares measured 2026-06-30. Approximate; share and price dates can differ.

View share-count filing ↗
Derived operating income

Derived consolidated operating income from the reviewed income statement, rather than a separately tagged subtotal. Retains goodwill and purchased-intangible impairments. Removes separately presented financing interest and other nonoperating income. Applies only to the two recorded fiscal periods; source history can contain later restatements. Read the financial statement ↗

Valuation

DCF value

$43.54

Equity cash-flow scenario · SEC outstanding shares at 2026-06-30 · -85.6% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

59.6%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

-55.1%

65 sector peers · median 43.6×

How this is calculated ↗
Valuation

Historical multiples

31.4×

7 annual observations · snapshot P/E 97.1× · 209.4% versus history

How this is calculated ↗
Valuation

Free cash flow yield

1.0%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

47.8%

Normalized tax · financing-capital proxy · parent-equity fallback (scope limitation) · short-term borrowing coverage incomplete

How this is calculated ↗
Valuation

Value composite

16/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

4.1%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

0.7%

Annual basis · read assumptions below

How this is calculated ↗
Quality

Accrual quality

-0.1%

Annual basis · read assumptions below

How this is calculated ↗
Momentum

Fundamental momentum

9.6%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 4.1B2021-06-30: cfo $2,185,026,000.002021-06-30: capex $231,628,000.0020212022-06-30: cfo $3,312,702,000.002022-06-30: capex $307,320,000.0020222023-06-30: cfo $3,669,805,000.002023-06-30: capex $341,591,000.0020232024-06-30: cfo $3,308,575,000.002024-06-30: capex $277,384,000.0020242025-06-30: cfo $4,081,903,000.002025-06-30: capex $335,259,000.0020252026-06-30: cfo $4,143,079,000.002026-06-30: capex $375,945,000.002026
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$54.61$59.59$64.94
10.0%$40.02$43.54$47.32
12.0%$31.57$34.26$37.14

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2026-06-3013.6B4.8B4.1B375.9M18B
2025-06-3012.2B4.1B4.1B335.3M16.1B
2024-06-309.8B2.8B3.3B277.4M15.4B
2023-06-3010.5B3.4B3.7B341.6M14.1B
2022-06-309.2B3.3B3.3B307.3M12.6B
2021-06-306.9B2.1B2.2B231.6M10.3B
2020-06-305.8B1.2B1.8B152.7M9.3B
2019-06-304.6B1.2B1.2B130.5M9B
2018-06-304B802.3M1.2B66.9M5.6B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue12.2BRevenueFromContractWithCustomerExcludingAssessedTax2026-08-06
netIncome4.1BProfitLoss
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2025-08-08
Parent/common earnings proxy4.1BNetIncomeLoss2026-08-06
cfo4.1BNetCashProvidedByUsedInOperatingActivities2026-08-06
capex335.3MPaymentsToAcquirePropertyPlantAndEquipment2026-08-06
operatingIncome4.8BReviewed manual correction
Derived consolidated operating income from the reviewed income statement, rather than a separately tagged subtotal. Retains goodwill and purchased-intangible impairments. Removes separately presented financing interest and other nonoperating income. Applies only to the two recorded fiscal periods; source history can contain later restatements.
2026-08-06
assets16.1BAssets2026-08-06
equity4.7BStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-08-06
Parent book equity proxy4.7BStockholdersEquity2026-08-06
debt5.9BLongTermDebt2026-08-06
shortDebtNot reported under a supported tag
cash2.1BCashAndCashEquivalentsAtCarryingValue2026-08-06
shares1.3BWeightedAverageNumberOfDilutedSharesOutstanding2026-08-06
dividends904.6MPaymentsOfDividendsCommonStock2026-08-06
buybacks2.1BPaymentsForRepurchaseOfCommonStock2026-08-06
issuance151.5MProceedsFromIssuanceOfCommonStock2026-08-06