KLAC
KLA CORPEvidence as of 2026-09-03Overview · KLA CORP
KLA Corporation designs, manufactures, and markets process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide. It operates through four segments: Semiconductor Process Control; Specialty Semiconductor Process; PCB, Display and Component Inspection; and Other. The company offers integrated circuit (IC) manufacturing products that comprises wafer…
Management team
- Mr. Oreste Donzella · Executive VP & Chief Strategy OfficerFind on LinkedIn
- Ms. Randi Polanich · Senior VP & Chief Communications OfficerFind on LinkedIn
- Ms. Mary Beth Wilkinson · Executive VP, Chief Legal Officer & Corporate SecretaryFind on LinkedIn
- Mr. Kevin M. Kessel C.F.A. · Vice President of Investor RelationsFind on LinkedIn
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Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it — not a rating or a recommendation.
+0.1 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled — the rest of the page is the evidence behind it.
The evidence balance is Mixed (+0.1 of a possible +2; was +0.1 before debate) with high confidence. Revenue for Q1 2026 (fiscal quarter ended 2025-10-27) through Q3 2026 (fiscal quarter ended 2026-04-27) rose quarter-to-quarter from $3,209,696,000 to $3,415,070,000 while cost of revenue also rose, leaving calculated gross margins essentially stable at about 61.3% → 61.4% → 61.1%. Net income and diluted EPS also trended upward across those three quarters, with net income of $1,121,040,000 → $1,200,995,000 and diluted EPS of $8.47 → $9.12, while weighted-average diluted shares drifted slightly downward from 132,381,000 to 131,750,000.
Market signals are mixed: 12_1 momentum is strongly positive at +121.9% (95th percentile), but 3‑month momentum is −18.9% and the price sits 17.4% below the 50‑day SMA yet 0.9% above the 200‑day SMA (a golden cross age 312 days). Volatility is elevated (30‑day annualized +58.0%, 90‑day +75.4%) and trailing twelve‑month dividend yield is +3.67%; valuation measures show a low P/E (TTM 5.0) and price‑to‑FCF 6.06, but EV/EBITDA (TTM) is anomalously high at 222.83 because the enterprise value implied in the packet ($229,303,321,840) does not reconcile with the reported EBITDA of $1,029,047,000 and the shares-used-per-share figures include a large discontinuity.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else — no outside knowledge, no browsing — so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC — revenue, margins, income, debt and share count, quarter by quarter — and reports which way the trend is running.
Revenue from contracts: fiscal Q1 2026 (2025-07-01 to 2025-09-30) was $3,209,696,000; fiscal Q2 2026 (2025-10-01 to 2025-12-31) was $3,297,146,000; fiscal Q3 2026 (2026-01-01 to 2026-03-31) was $3,415,070,000, showing quarter-to-quarter increases over these three fiscal quarters.
XBRL companyfacts · 0000319201-25-000034Cost of revenue: fiscal Q1 2026 (2025-07-01 to 2025-09-30) was $1,243,070,000; fiscal Q2 2026 (2025-10-01 to 2025-12-31) was $1,272,210,000; fiscal Q3 2026 (2026-01-01 to 2026-03-31) was $1,327,672,000, rising each quarter in absolute dollars.
XBRL companyfacts · 0000319201-25-000034Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full — its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet — its risk analysis fills in once that lands.
A Form 4 with the 4 filed 14 August 2026 was filed on 2026-08-14.
4 filed 2026-08-14The provided filing record shows parse_status = "skipped", so no parsed transaction or disclosure content from that Form 4 is available in the evidence set.
4 filed 2026-08-14Reads the signal panel above — momentum, volatility, drawdown, relative strength and beta — and ranks each against the whole research universe rather than judging it in isolation.
Momentum over the 12_1 window is +121.9%, which ranks in the 95th percentile of the 547-stock research universe on 2026-09-02.
Moneyta signal set · 2026-09-02weakened in debateShorter-term momentum is mixed: 3-month momentum is -18.9% while 6-month momentum is +16.9%, and the 6-month momentum ranks in the 75th percentile of 547.
Moneyta signal set · 2026-09-02weakened in debateReads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
As of 2026-09-02T13:45:47.228469+00:00, KLAC was a constituent of the IVV ETF with a reported weight of 0.61% of that fund.
ETF constituents · market dataA Form 4 insider filing for KLAC with the 4 filed 14 August 2026 was filed on 2026-08-14 (parse_status: skipped; primary_doc_url not provided in the evidence).
Form 4 × 1 (90d window not enforced here)Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
A headline on 2026-09-02 highlights macro pressure — rising bond yields and higher crude oil pushing inflation expectations and raising concerns about capital-intensive semiconductor stocks affecting KLA.
News · simplywall.st · 2026-09-02A 2026-09-01 headline reports that UBS Group lowered its price objective for KLA from $215.00 to $200.00 and maintained a neutral rating, per the cited coverage.
News · thelincolnianonline.com · 2026-09-01Reads parsed Forms 3/4/5 — who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
Brian Lorig (EVP, KLA Global Services) sold 59,586 shares for a total reported value of "$12.4M" in a transaction dated 2026-08-13.
Form 4 · Lorig Brian (EVP, KLA Global Services) · $12.4M sold · 2026-08-13The 2026-08-13 sale by Brian Lorig was reported under a 10b5-1 trading plan (the filing states "10b5-1 plan").
Form 4 · Lorig Brian (EVP, KLA Global Services) · $12.4M sold · 2026-08-13Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The model reports an implied free cash flow (FCF) growth rate of -17.51% per year that today's price would justify under the stated discount and terminal assumptions.
Valuation inputs · SEC XBRL + stored EOD closePrice-to-FCF (TTM) is 6.06 based on a trailing twelve months FCF of $3,743,430,000 and the reported price.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score — the argument is shown, not hidden, so you can judge the reasoning yourself.
Several company-level fundamentals and market signals in the evidence jointly support a favorable read. Revenue, net income, and diluted EPS each rose quarter-to-quarter across three fiscal quarters (fundamentals-0, fundamentals-3, fundamentals-4), while calculated gross margin remained essentially stable (fundamentals-2), indicating operational scale with margin consistency. Weighted-average diluted shares and point-in-time outstanding shares showed a downward drift through multiple quarter-ends (fundamentals-5, fundamentals-6 for the first four points), which mechanically supports rising EPS per share figures. Market signals show strong long-term momentum and relative strength versus SPY (market-0, market-5), and several valuation metrics look attractive on a per-share basis — low reported P/E (valuation-2) and low Price-to-FCF (valuation-1) alongside a meaningful trailing dividend yield (market-7). Institutional filings reporting several managers increasing positions (news-2) further align with a favorable institutional-interest signal.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.39
38 surviving claims rest on 15 distinct sources; the heaviest analyst carries 26% of them, and 95% of what the desk raised survived the debate.
The evidence set is moderately robust: 38 surviving claims draw on 15 distinct sources and the desk retained 95% of its claims after internal debate, so most points are well‑anchored. However, about a quarter of the surviving-claim weight sits with a single analyst and one source produces a large, unexplained discontinuity in shares outstanding — those two factors reduce how heavily to lean on aggregate per‑share and EV/FCF metrics from this read. Also note that some filing records in the dataset are unparsed or 'skipped', which limits how much detail we can verify from those filings.
Peer context · computed, not argued
12-1 momentum ranks 5th of 9 in Semiconductor Equipment & Materials (as of 2026-09-02).
6-month relative strength ranks 7th of 9 in Semiconductor Equipment & Materials (as of 2026-09-02).
90-day volatility ranks 8th of 9 in Semiconductor Equipment & Materials (as of 2026-09-02).
dividend yield ranks 1st of 9 in Semiconductor Equipment & Materials (as of 2026-09-02).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment — when the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here — no outside knowledge, no browsing — and each card shows who read it and what it contributed to the score.
11 filings· 1 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data — not retyped or estimated.
Read by Mercer+0.4 to the score
1 document
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes+0.0 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash−0.1 to the score
2 holdings records
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.0 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
1 filing
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state — stated and inferred flags kept apart.
Read by Talbot+0.0 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only — it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal — the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
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The full terminal on KLAC Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.