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KLA Corporation

KLAC

Technology · 196.78 -0.4% today

Partial group confirmationMarket checked 7 Oct, 15:55 GMT-4

Market read

KLA Corporation's move is spreading beyond its market group.

KLAC accounts for 7.8% of the group's measured movement across 6.9 effective names. raw member direction is mixed; 8 of 12 SPY-adjusted paths align to the upside. Capital-flow agreement is 13%, so confirmation is not yet clean. No verified headline preceded the measured group move.

MOVE ANATOMY

Is this move genuinely shared?

SPY-adjusted 5m paths
Role in the moveAligned contributor#5 of 12 by movement share
Group movement share7.8%Absolute path energy—not portfolio weight
Relative path+1.54%aligned
Effective breadth6.9 / 12broad
Relative alignment8/12upside path · 3 counter-moving
Capital-flow agreement13%not yet clean
SEQUENCE READ

MGRC, APG, CAMT moved materially before KLAC. KLAC crossed its material path threshold at 10:20 ET. ENTG, LRCX, ASX followed.

EVIDENCE COVERAGE

8 of 19 members in Semiconductor Manufacturing are active. 0 of 5 disclosed connections are confirming.

What would change this read
  • At least 13 of 19 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • Q remains aligned with the group in the next market snapshot.

Invalidation: The live read weakens if participation falls to 6 of 19 members or fewer.

Watch this read

Research brief

The story so far

Technology · Semiconductor Equipment & Materials

KLAC accounts for 7.8% of the group's measured movement across 6.9 effective names. raw member direction is mixed; 8 of 12 SPY-adjusted paths align to the upside. Capital-flow agreement is 13%, so confirmation is not yet clean. No verified headline preceded the measured group move.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • At least 13 of 19 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • Q remains aligned with the group in the next market snapshot.

Company research

Understand the business, not just the ticker

As of Oct 22, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations620
Usable filing statements167
Verified relationships5
Evidence supporting the case
  • Latest annual revenue changed +11.7% year over year.
  • Net margin changed +2.2 percentage points in the latest annual period.
  • Demand and volume has repeated favorable evidence across 5 filings.
  • Foreign exchange has repeated favorable evidence across 5 filings.
  • Supply chain and availability has repeated favorable evidence across 5 filings.
Evidence challenging the case
  • Credit and interest rates has repeated adverse evidence across 5 filings.
  • Restructuring and cost reductions has repeated adverse evidence across 4 filings.
Questions before a position
  • P/E is 50% below the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 242% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Oct 7, 2026

196.78
6m-88.2%12m-82.7%24m-74.7%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2022-06-30$9.2B+33.1%—-2.5%
2023-06-30$10.5B+13.9%—-7.5%
2024-06-30$9.8B-6.5%——
2025-06-30$12.2B+23.9%—-1.8%
2026-06-30$13.6B+11.7%—-1.3%

What management says matters

Persistent and emerging business drivers

Capital investment and capacitynegative · 5 filings
“The increase in cash used was primarily due to increases in net purchases of available-for-sale securities of $959.9 million, and capital expenditures of $40.7 million, partially offset by a $10.5 million increase in proceeds from capital-related government a…”
10-K · Aug 6, 2026 ↗
Credit and interest ratesnegative · 5 filings
“Interest expense during the fiscal year ended June 30, 2026 decreased compared to the fiscal year ended June 30, 2025 primarily due to reduced interest expense following our $750.0 million debt repayment in the second quarter of fiscal 2025.”
10-K · Aug 6, 2026 ↗
Demand and volumepositive · 5 filings
“Revenue in North America increased 29.0% compared with the prior fiscal year, primarily due to increased leading-edge customer investments in foundry/logic and memory technologies, supported by strong demand associated with AI and HPC applications.”
10-K · Aug 6, 2026 ↗
Foreign exchangemixed · 5 filings
“For foreign exchange contracts that are designated and qualify as a net investment hedge in a foreign operation and that meet the effectiveness requirements, the net gains or losses attributable to changes in spot exchange rates are recorded in cumulative tra…”
10-K · Aug 6, 2026 ↗

Valuation discipline

Descriptive valuation snapshot

Price/sales 19.1× · EV/sales 19.4×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

196.78-0.4% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 7 Oct, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for KLAC. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for KLAC. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind KLAC

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

AMATApplied Materials, Inc.competitorAug 8, 2025 ▾

“In each of our product markets, we have many competitors, including companies such as Applied Materials, Inc., ASML Holding N.V., Hitachi High-Technologies Corporation, Onto Innovation, Inc.”

ASMLASML Holding N.V.competitorAug 8, 2025 ▾

“In each of our product markets, we have many competitors, including companies such as Applied Materials, Inc., ASML Holding N.V., Hitachi High-Technologies Corporation, Onto Innovation, Inc.”

HTHIYFiling-linked namecompetitorAug 8, 2025 ▾

“In each of our product markets, we have many competitors, including companies such as Applied Materials, Inc., ASML Holding N.V., Hitachi High-Technologies Corporation, Onto Innovation, Inc.”

Filing peers

ACMRKLICVECO

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 5 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

KLAC is currently a Participant in the organic co-movement group Semiconductor Manufacturing. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.