# KLA Corporation Common Stock (KLAC) — Stock CV

KLA Corporation is a $256B technology company. Revenue grew 11.7% over the last year, it keeps 36¢ of every dollar of sales as profit, and its net debt equals ~0.3 years of free cash flow. It trades at 52.8× earnings — near the highest of its own history.

> KLA is one of the largest semiconductor wafer fabrication equipment, or WFE, manufacturers in the world. It specializes in the market segment of semiconductor process control, wherein machines inspect semiconductor wafers during research and development and manufacturing for defects and verify precise measurements.

## Identity

- **Ticker**: KLAC
- **Sector**: Technology
- **Industry**: Optical Instruments & Lenses
- **Headquarters**: MILPITAS, CA
- **Employees**: 17 200
- **Website**: https://www.kla.com
- **Market cap**: $256B
- **Last price**: $195.88
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $13.6B
- **Net income**: $4.83B
- **Free cash flow**: $3.77B
- **Net debt**: $1.25B
- **P/E**: 52.8
- **Revenue growth (YoY)**: 11.7%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 10 |
| Growth | 82 |
| Profitability | 100 |
| Health | 70 |
| Quality | 69 |
| Moat | 100 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [x] Revenue growing — +11.7% YoY
- [x] Profitable — $4.83B TTM
- [x] Profit growing — +14.9% YoY
- [x] Generates cash — $3.77B TTM
- [x] Debt under control — ~0.3y of cash flow to repay
- [x] Established company — $256B market cap
- [x] Not printing shares — -15.1% shares over ~5y
- [x] Proven track record — 11/11 profitable years
- [ ] Financially stable — health score 50/100
- [x] Pays a dividend — yield 0.41%
- [ ] Valuation not extreme — P/E 52.8

## Experience (career milestones)

- **FY2026** — Best year on record: $4.83B net income
- **FY2023** — Revenue crossed $10B: $10.5B for the year
- **FY2016** — Profitable every year on record: 11 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $2.98B in first reported year
- **FY2016** — Positive free cash flow every year since: 11-year streak

## Strengths

- High gross margin (61.6%)
- Strongly profitable — 35.6% net margin
- Revenue growing 11.7% year over year
- Strong cash conversion — FCF is 27.7% of revenue
- Interest covered 20.7× by operating earnings

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2022 | $9.21B | $3.32B | $3.01B |
| FY2023 | $10.5B | $3.39B | $3.33B |
| FY2024 | $9.81B | $2.76B | $3.03B |
| FY2025 | $12.2B | $4.06B | $3.75B |
| FY2026 | $13.6B | $4.83B | $3.77B |

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Source: https://stockcv.com/KLAC — derived from company filings; may be delayed or incomplete. Information, not investment advice.