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KLA Corporation

KLAC

Technology · 182.10 -0.5% today

Participation confirmed · construction unavailableMarket checked 11 Sept, 11:25 GMT-4

Market read

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

No new filing conclusion is available. 5 of 18 group members are active now; 3 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.

Company-0.5% todayVolume comparison unavailable
Market group5 of 18 activeSemiconductor Manufacturing · inactive
Disclosed network0 of 5 confirmingNo filing-linked name is confirming now
What would change this read
  • At least 12 of 18 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • MPWR remains aligned with the group in the next market snapshot.

Invalidation: The live read weakens if participation falls to 6 of 18 members or fewer.

Watch this read

Research brief

The story so far

Technology · Semiconductor Equipment & Materials

No new filing conclusion is available. 5 of 18 group members are active now; 3 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.

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 12 of 18 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • MPWR remains aligned with the group in the next market snapshot.

Company research

Understand the business, not just the ticker

As of Sep 11, 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 observations601
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 45% below the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 222% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

177.19
6m-87.9%12m-80.7%24m-75.7%
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 17.2× · EV/sales 17.5×. 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

182.10-0.5% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 11:25 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 Early Follower 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.