Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to US$237, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 40x in the Semiconductor industry in Europe. Total returns to shareholders of 413% over the past three years. Declared Dividend • May 17
Third quarter dividend increased to US$2.30 Dividend of US$2.30 is 1,111% higher than last year. Ex-date: 18th May 2026 Payment date: 2nd June 2026 Dividend yield will be 0.2%, which is lower than the industry average of 1.2%. Payout Ratios Payout ratio: 21%. Cash payout ratio: 30%. Recent Insider Transactions • May 14
President recently sold US$8.1m worth of stock On the 12th of May, Richard Wallace sold around 5k shares on-market at roughly US$1,794 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Richard's only on-market trade for the last 12 months. Announcement • May 09
KLA Corporation announces Quarterly dividend, payable on June 02, 2026 KLA Corporation announced Quarterly dividend of USD 2.3000 per share payable on June 02, 2026, ex-date on May 18, 2026 and record date on May 18, 2026. Announcement • May 02
Kla Corporation Provides Earnings Guidance for the Fourth Quarter of Fiscal Year Ending in June 30, 2026 KLA Corporation provided earnings guidance for the fourth quarter of fiscal year ending in June 30, 2026. For the period, the company total revenues are expected to be in a range of $3.575 billion +/- $200 million and GAAP diluted EPS is expected to be in a range of $9.66+/- $1.00. Reported Earnings • Apr 30
Third quarter 2026 earnings released: EPS: US$9.17 (vs US$8.21 in 3Q 2025) Third quarter 2026 results: EPS: US$9.17 (up from US$8.21 in 3Q 2025). Revenue: US$3.42b (up 12% from 3Q 2025). Net income: US$1.20b (up 10% from 3Q 2025). Profit margin: 35% (in line with 3Q 2025). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$1,755, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 25x in the Semiconductor industry in Europe. Total returns to shareholders of 386% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$847 per share. Announcement • Mar 12
KLA Corporation Announces an Increase in the Quarterly Dividend KLA Corporation announced an increase in the quarterly dividend level to $2.30 per share from $1.90 per share, the 17th consecutive annual increase in the quarterly dividend for KLA. The declaration and payment of future dividends is subject to the Board's discretion and will depend on financial and legal requirements and other considerations. Declared Dividend • Feb 15
Second quarter dividend of US$1.90 announced Shareholders will receive a dividend of US$1.90. Ex-date: 17th February 2026 Payment date: 3rd March 2026 Dividend yield will be 0.5%, which is lower than the industry average of 1.2%. Payout Ratios Payout ratio: 21%. Cash payout ratio: 23%. Announcement • Feb 06
KLA Corporation Declares Regular Quarterly Cash Dividend, Payable on March 3, 2026 The KLA Corporation Board of Directors declared a quarterly cash dividend of $1.90 per share on its common stock, payable on March 3, 2026 to KLA shareholders of record as of the close of business on February 17, 2026. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to US$1,336, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 24x in the Semiconductor industry in Europe. Total returns to shareholders of 235% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$768 per share. New Risk • Jan 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Jan 30
Second quarter 2026 earnings released: EPS: US$8.73 (vs US$6.18 in 2Q 2025) Second quarter 2026 results: EPS: US$8.73 (up from US$6.18 in 2Q 2025). Revenue: US$3.30b (up 7.2% from 2Q 2025). Net income: US$1.15b (up 39% from 2Q 2025). Profit margin: 35% (up from 27% in 2Q 2025). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 30
KLA Corporation Provides Earnings Guidance for the Third Quarter Ending March 31, 2026 KLA Corporation provided earnings guidance for the third quarter ending March 31, 2026. For the quarter, the company total revenues are expected to be in a range of $3.35 billion +/- $150 million; GAAP net income per diluted share of $8.07 to $9.63. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$1,554, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 24x in the Semiconductor industry in Europe. Total returns to shareholders of 297% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$693 per share. Announcement • Jan 08
KLA Corporation to Report Q2, 2026 Results on Jan 29, 2026 KLA Corporation announced that they will report Q2, 2026 results After-Market on Jan 29, 2026 Board Change • Dec 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Tracy Embree was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Nov 16
First quarter dividend of US$1.90 announced Shareholders will receive a dividend of US$1.90. Ex-date: 17th November 2025 Payment date: 2nd December 2025 Dividend yield will be 0.6%, which is lower than the industry average of 1.2%. Payout Ratios Payout ratio: 23%. Cash payout ratio: 26%. Announcement • Nov 08
KLA Corporation Appoints Michael McMullen Chair of the Compensation and Talent Committee KLA Corporation announced that on November 5, 2025, Michael McMullen was appointed Chair of the Compensation and Talent Committee, replacing Gary Moore. Announcement • Nov 07
KLA Corporation Declares Regular Cash Dividend, Payable on December 2, 2025 The KLA Corporation Board of Directors declared a quarterly cash dividend of $1.90 per share on its common stock, payable on Dec. 2, 2025 to KLA shareholders of record as of the close of business on Nov. 17, 2025. Reported Earnings • Oct 30
First quarter 2026 earnings released: EPS: US$8.51 (vs US$7.05 in 1Q 2025) First quarter 2026 results: EPS: US$8.51 (up from US$7.05 in 1Q 2025). Revenue: US$3.21b (up 13% from 1Q 2025). Net income: US$1.12b (up 19% from 1Q 2025). Profit margin: 35% (up from 33% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 30
KLA Corporation Provides Earnings Guidance for Second Quarter Ending December 31, 2025 KLA Corporation provided earnings guidance for second quarter ending December 31, 2025. For the period Total revenues are expected to be in a range of $3.225 billion +/- $150 million. GAAP diluted EPS is expected to be in a range of $8.46 +/- $0.78. Announcement • Oct 04
KLA Corporation to Report Q1, 2026 Results on Oct 29, 2025 KLA Corporation announced that they will report Q1, 2026 results After-Market on Oct 29, 2025 Announcement • Sep 24
KLA Corporation, Annual General Meeting, Nov 05, 2025 KLA Corporation, Annual General Meeting, Nov 05, 2025. Location: one technology drive, milpitas, california 95035, United States Declared Dividend • Aug 13
Fourth quarter dividend of US$1.90 announced Shareholders will receive a dividend of US$1.90. Ex-date: 18th August 2025 Payment date: 3rd September 2025 Dividend yield will be 0.8%, which is lower than the industry average of 1.2%. Payout Ratios Payout ratio: 22%. Cash payout ratio: 27%. Reported Earnings • Aug 01
Full year 2025 earnings released: EPS: US$30.53 (vs US$20.41 in FY 2024) Full year 2025 results: EPS: US$30.53 (up from US$20.41 in FY 2024). Revenue: US$12.2b (up 24% from FY 2024). Net income: US$4.06b (up 47% from FY 2024). Profit margin: 33% (up from 28% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 01
KLA Corporation Provides Earnings Guidance for the First Quarter of Fiscal Year 2026 KLA Corporation provided earnings guidance for the first quarter of fiscal year 2026. Total revenues are expected to be in a range of $3.15 billion +/- $150 million. GAAP diluted EPS is expected to be in a range of $8.28 +/- $0.77. GAAP net income per diluted share to be in the range of $7.51 to $9.05. Announcement • Jul 10
KLA Corporation to Report Q4, 2025 Results on Jul 31, 2025 KLA Corporation announced that they will report Q4, 2025 results After-Market on Jul 31, 2025 Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$792, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 16x in the Semiconductor industry in Europe. Total returns to shareholders of 137% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$577 per share. Announcement • May 02
KLA Corporation Appoints Jamie E. Samath to its Board and Audit Committee, Effective April 30, 2025 KLA Corporation announced on April 30, 2025, the Board of Directors of the company appointed Jamie E. Samath to the Board, effective immediately. Mr. Samath has served as Executive Vice President, Chief Financial Officer and Head of Business Technology, since January 1, 2025, at Intuitive Surgical Inc. In his over 12 years with Intuitive, Mr. Samath’s scope and responsibilities have expanded across Intuitive’s financial and business functions. Mr. Samath assumed the role of Intuitive’s Chief Financial Officer in 2022 and became Head of Business Technology in 2024, which includes oversight of information technology, real estate and workplace services, and purchasing. The Board also appointed Mr. Samath to the Audit Committee of the Board, effective immediately. Buy Or Sell Opportunity • May 02
Now 22% overvalued Over the last 90 days, the stock has fallen 6.0% to US$703. The fair value is estimated to be US$575, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 8.6% per annum over the same time period. Reported Earnings • May 01
Third quarter 2025 earnings released: EPS: US$8.21 (vs US$4.46 in 3Q 2024) Third quarter 2025 results: EPS: US$8.21 (up from US$4.46 in 3Q 2024). Revenue: US$3.06b (up 30% from 3Q 2024). Net income: US$1.09b (up 81% from 3Q 2024). Profit margin: 36% (up from 26% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 11
KLA Corporation to Report Q3, 2025 Results on Apr 30, 2025 KLA Corporation announced that they will report Q3, 2025 results After-Market on Apr 30, 2025 Announcement • Feb 14
KLA Corporation Declares Regular Quarterly Cash Dividend, Payable on March 4, 2025 The KLA Corporation Board of Directors declared a quarterly cash dividend of $1.70 per share on its common stock, payable on March 4, 2025 to KLA shareholders of record as of the close of business on Feb. 24, 2025. Board Change • Feb 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. Independent Director Mike McMullen was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jan 31
Second quarter 2025 earnings released: EPS: US$6.18 (vs US$4.30 in 2Q 2024) Second quarter 2025 results: EPS: US$6.18 (up from US$4.30 in 2Q 2024). Revenue: US$3.08b (up 24% from 2Q 2024). Net income: US$824.5m (up 42% from 2Q 2024). Profit margin: 27% (up from 23% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 31
KLA Corporation Provides Earnings Guidance for the Third Quarter of Fiscal Ending March 2025 KLA Corporation provided earnings guidance for the third quarter of fiscal ending March 2025. The company expects total revenues is expected to be in a range of $3.0 billion +/- $150 million. GAAP diluted EPS is expected to be in a range of $7.77 +/- $0.60. Announcement • Nov 16
KLA Corporation Announces Transition of Oreste Donzella to the Role of Part-Time Senior Advisor to the Company Beginning on April 14, 2025 On November 15, 2024, KLA Corporation and Oreste Donzella, Executive Vice President and Chief Strategy Officer, agreed that Mr. Donzella will transition to the role of part-time senior advisor to the Company beginning on April 14, 2025 (the “Effective Date”) and ending on August 16, 2026 (the “Advisor Period”). Mr. Donzella will remain as the Company’s Chief Strategy Officer until April 13, 2025, during which time, Mr. Donzella will assist the Company with transitioning his current duties and responsibilities. Prior to the Effective Date, there will be no changes to Mr. Donzella’s employment terms, including his compensation or other benefits. Announcement • Nov 08
KLA Corporation Declares Regular Quarterly Cash Dividend, Payable on December 3, 2024 The KLA Corporation Board of Directors declared a quarterly cash dividend of $1.70 per share on its common stock, payable on December 3, 2024 to KLA shareholders of record as of the close of business on November 18, 2024. Announcement • Nov 02
KLA Corporation Provides Earnings Guidance for the Second Quarter Ending December 2024 KLA Corporation provided earnings guidance for the second quarter ending December 2024. The company expects total revenues is expected to be in a range of $2.95 billion +/- $150 million. GAAP diluted EPS is expected to be in a range of $7.45 +/- $0.60. Reported Earnings • Nov 01
First quarter 2025 earnings released: EPS: US$7.05 (vs US$5.44 in 1Q 2024) First quarter 2025 results: EPS: US$7.05 (up from US$5.44 in 1Q 2024). Revenue: US$2.84b (up 19% from 1Q 2024). Net income: US$945.9m (up 28% from 1Q 2024). Profit margin: 33% (up from 31% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 30% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$676, the stock trades at a forward P/E ratio of 23x. Average trailing P/E is 15x in the Semiconductor industry in Europe. Total returns to shareholders of 100% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$655 per share. Announcement • Oct 10
KLA Corporation to Report Q1, 2025 Results on Oct 30, 2024 KLA Corporation announced that they will report Q1, 2025 results After-Market on Oct 30, 2024 Buy Or Sell Opportunity • Sep 27
Now 21% overvalued Over the last 90 days, the stock has fallen 3.7% to US$799. The fair value is estimated to be US$658, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has grown by 6.5%. For the next 3 years, revenue is forecast to grow by 9.2% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Announcement • Sep 25
KLA Corporation, Annual General Meeting, Nov 06, 2024 KLA Corporation, Annual General Meeting, Nov 06, 2024. Location: plus building,milpitas headquarters, located at one technology drive, california 95035, milpitas United States Buy Or Sell Opportunity • Sep 12
Now 24% overvalued Over the last 90 days, the stock has fallen 11% to US$734. The fair value is estimated to be US$590, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has grown by 6.5%. For the next 3 years, revenue is forecast to grow by 9.6% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Announcement • Sep 04
KLA Corporation Announces Increase in Quarterly Dividend KLA Corporation announced a 17% increase in the quarterly dividend level to $1.70 per share from $1.45 per share beginning with the quarterly dividend expected to be declared in November 2024, the fifteenth consecutive annual increase in the quarterly dividend level for KLA. The declaration and payment of future dividends is subject to the Board's discretion and will depend on financial and legal requirements and other considerations. New Risk • Aug 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (63% net debt to equity). Share price has been volatile over the past 3 months (6.7% average weekly change). Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$807, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 7x in the Semiconductor industry in the United Kingdom. Total returns to shareholders of 162% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$613 per share. Declared Dividend • Aug 11
Fourth quarter dividend of US$1.45 announced Shareholders will receive a dividend of US$1.45. Ex-date: 15th August 2024 Payment date: 3rd September 2024 Dividend yield will be 0.8%, which is lower than the industry average of 1.2%. Payout Ratios Payout ratio: 28%. Cash payout ratio: 26%. Buy Or Sell Opportunity • Aug 09
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 3.1% to US$740. The fair value is estimated to be US$594, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has grown by 6.5%. For the next 3 years, revenue is forecast to grow by 9.6% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Announcement • Aug 02
KLA Corporation Declares Regular Cash Dividend, Payable on Sept. 3, 2024 The KLA Corporation Board of Directors declared a quarterly cash dividend of $1.45 per share on its common stock, payable on Sept. 3, 2024 to KLA shareholders of record as of the close of business on Aug. 15, 2024. Reported Earnings • Jul 25
Full year 2024 earnings released: EPS: US$20.41 (vs US$24.29 in FY 2023) Full year 2024 results: EPS: US$20.41 (down from US$24.29 in FY 2023). Revenue: US$9.81b (down 6.5% from FY 2023). Net income: US$2.76b (down 19% from FY 2023). Profit margin: 28% (down from 32% in FY 2023). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 25
KLA Corporation Provides Earnings Guidance for the First Quarter Ending September 30, 2024 KLA Corporation provided earnings guidance for the first quarter ending September 30, 2024. The company’s total revenues is expected to be in a range of $2.75 billion +/- $150 million and GAAP net income per diluted share to be in a range of $6.09 to $7.29. Announcement • Jul 04
KLA Corporation to Report Q4, 2024 Results on Jul 24, 2024 KLA Corporation announced that they will report Q4, 2024 results After-Market on Jul 24, 2024 Declared Dividend • May 12
Third quarter dividend of US$1.45 announced Shareholders will receive a dividend of US$1.45. Ex-date: 14th May 2024 Payment date: 31st May 2024 Dividend yield will be 0.8%, which is lower than the industry average of 1.2%. Payout Ratios Payout ratio: 29%. Cash payout ratio: 25%. Announcement • May 03
The KLA Corporation Declares Quarterly Cash Dividend, Payable on May 31, 2024 The KLA Corporation Board of Directors declared a quarterly cash dividend of $1.45 per share on its common stock, payable on May 31, 2024 to the company shareholders of record as of the close of business on May 15, 2024. Reported Earnings • Apr 26
Third quarter 2024 earnings released: EPS: US$4.46 (vs US$5.06 in 3Q 2023) Third quarter 2024 results: EPS: US$4.46 (down from US$5.06 in 3Q 2023). Revenue: US$2.36b (down 3.0% from 3Q 2023). Net income: US$601.5m (down 14% from 3Q 2023). Profit margin: 26% (down from 29% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 05
KLA Corporation to Report Q3, 2024 Results on Apr 25, 2024 KLA Corporation announced that they will report Q3, 2024 results After-Market on Apr 25, 2024 Declared Dividend • Feb 12
Second quarter dividend of US$1.45 announced Shareholders will receive a dividend of US$1.45. Ex-date: 15th February 2024 Payment date: 1st March 2024 Dividend yield will be 0.9%, which is lower than the industry average of 1.2%. Payout Ratios Payout ratio: 27%. Cash payout ratio: 25%. Announcement • Feb 08
KLA Corporation Declares Quarterly Regular Cash Dividend, Payable on March 1, 2024 The KLA Corporation Board of Directors of KLA Corporation announced that its Board of Directors announced a quarterly cash dividend of $1.45 per share on its common stock, payable on March 1, 2024, to KLA shareholders of record as of the close of business on February 19, 2024. Announcement • Jan 26
KLA Corporation Provides Earnings Guidance for the Third Quarter of Fiscal 2024 KLA Corporation provided earnings guidance for the third quarter of fiscal 2024 ending in March. For the quarter, company expects total revenues is expected to be in a range of $2.30 billion +/- $125 million. GAAP gross margin is expected to be in a range of 59.4% +/- 1.0%. GAAP diluted EPS is expected to be in a range of $4.93 +/- $0.60. Reported Earnings • Jan 26
Second quarter 2024 earnings released: EPS: US$4.30 (vs US$6.93 in 2Q 2023) Second quarter 2024 results: EPS: US$4.30 (down from US$6.93 in 2Q 2023). Revenue: US$2.49b (down 17% from 2Q 2023). Net income: US$582.5m (down 41% from 2Q 2023). Profit margin: 23% (down from 33% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$642, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 18x in the Semiconductor industry in Europe. Total returns to shareholders of 130% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$487 per share. Buy Or Sell Opportunity • Jan 19
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to US$586. The fair value is estimated to be US$480, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings are also forecast to grow by 8.6% per annum over the same time period. Announcement • Jan 05
KLA Corporation to Report Q2, 2024 Results on Jan 25, 2024 KLA Corporation announced that they will report Q2, 2024 results After-Market on Jan 25, 2024 Announcement • Nov 03
The KLS Corporation Declares Quarterly Cash Dividend, Payable on Dec. 1, 2023 The KLA Corporation Board of Directors declared a quarterly cash dividend of $1.45 per share on its common stock, payable on Dec. 1, 2023, to KLA shareholders of record as of the close of business on Nov. 15, 2023. Announcement • Oct 26
KLA Corporation Provides Earnings Guidance for the Second Quarter of Fiscal 2024 KLA Corporation provided earnings guidance for the second quarter of fiscal 2024. For the year, total revenues is expected to be in a range of $2.45 billion +/- $125 million. GAAP gross margin is expected to be in a range of 59.6% +/- 1.0% and GAAP diluted EPS is expected to be in a range of $5.54 +/- $0.60. Reported Earnings • Oct 26
First quarter 2024 earnings released: EPS: US$5.44 (vs US$7.23 in 1Q 2023) First quarter 2024 results: EPS: US$5.44 (down from US$7.23 in 1Q 2023). Revenue: US$2.40b (down 12% from 1Q 2023). Net income: US$741.4m (down 28% from 1Q 2023). Profit margin: 31% (down from 38% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 32% per year. Announcement • Oct 05
KLA Corporation to Report Q1, 2024 Results on Oct 25, 2023 KLA Corporation announced that they will report Q1, 2024 results After-Market on Oct 25, 2023 Announcement • Sep 22
KLA Corporation, Annual General Meeting, Nov 01, 2023 KLA Corporation, Annual General Meeting, Nov 01, 2023, at 12:00 Pacific Standard Time. Location: Plus Building of our Milpitas headquarters, located at One Technology Drive, Milpitas,California 95035 Milpitas California United States Agenda: To elect the ten candidates nominated by our Board of Directors to serve as directors for one-year terms, each until his or her successor is duly elected and qualified; to ratify the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the fiscal year ending June 30, 2024; to approve on a non-binding, advisory basis our named executive officer compensation; to approve on a non-binding, advisory basis the recommended frequency of future stockholder votes to approve our named executive officer compensation; to approve our 2023 Incentive Award Plan; and to consider other matters if any. Announcement • Sep 06
KLA Corporation Announces Increase in Quarterly Dividend Level KLA Corporation is announcing an increase in the quarterly dividend level to $1.45 per share from $1.30 per share, the fourteenth consecutive annual increase in the quarterly dividend level for KLA. The declaration and payment of future dividends is subject to the Board's discretion and will depend on financial and legal requirements and other considerations. Announcement • Aug 04
KLA Corporation Declares Quarterly Cash Dividend, Payable on September 1, 2023 The KLA Corporation Board of Directors declared a quarterly cash dividend of $1.30 per share on its common stock, payable on September 1, 2023, to KLA shareholders of record as of the close of business on August 15, 2023. Announcement • Jul 28
Kla Corporation Provides Earnings Guidance for the Year 2024 KLA Corporation provided earnings guidance for the year 2024. For the period, the company expects Total revenues is expected to be in a range of $2.35 billion +/- $125 million. GAAP diluted EPS is expected to be in a range of $5.02 +/- $0.60. Reported Earnings • Jul 28
Full year 2023 earnings released: EPS: US$24.29 (vs US$22.07 in FY 2022) Full year 2023 results: EPS: US$24.29 (up from US$22.07 in FY 2022). Revenue: US$10.5b (up 14% from FY 2022). Net income: US$3.39b (up 2.0% from FY 2022). Profit margin: 32% (down from 36% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 38% per year. Announcement • Jul 25
KLA Corporation Elected Michael McMullen to the Board, Effective Immediately On July 24, 2023, the Board of Directors (the “Board”) of KLA Corporation (the “Company”) elected Michael McMullen to the Board, effective immediately. Mr. McMullen has served as the President, since 2014, and Chief Executive Officer, since 2015, of Agilent Technologies Inc. (“Agilent”), a global leader in life sciences, diagnostics and applied chemical markets, providing application focused solutions that include instruments, software, services and consumables for the entire laboratory workflow. In his thirty-year career at Agilent, Mr. McMullen held various leadership positions. The Board also appointed Mr. McMullen to the Compensation and Talent Committee of the Board, effective immediately. Mr. McMullen will receive a prorated grant of restricted stock units pursuant to the Company’s 2004 Equity Incentive Plan for his service on the Board through the next annual meeting of stockholders and will be entitled to receive a prorated portion of the annual cash retainer paid by the Company to independent members of the Board and members of the Compensation and Talent Committee for their service pursuant to the Company’s current outside director compensation program. Announcement • Jun 29
KLA Corporation to Report Q4, 2023 Results on Jul 27, 2023 KLA Corporation announced that they will report Q4, 2023 results After-Market on Jul 27, 2023 Announcement • May 06
KLA Corporation Declares Regular Cash Dividend, Payable on June 1, 2023 The KLA Corporation board of directors declared a quarterly cash dividend of $1.30 per share on its common stock, payable on June 1, 2023, to KLA shareholders of record as of the close of business on May 15, 2023. Reported Earnings • Apr 28
Third quarter 2023 earnings released: EPS: US$5.06 (vs US$4.87 in 3Q 2022) Third quarter 2023 results: EPS: US$5.06. Revenue: US$2.43b (up 6.3% from 3Q 2022). Net income: US$697.8m (down 4.5% from 3Q 2022). Profit margin: 29% (down from 32% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 36% growth forecast for the Semiconductor industry in the United Kingdom. Board Change • Mar 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 8 highly experienced directors. Independent Director Marie Myers was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Feb 03
KLA Corporation Declares Quarterly Cash Dividend, payable on March 1, 2023 KLA Corporation board of directors declared a quarterly cash dividend of $1.30 per share on its common stock, payable on March 1, 2023, to KLA shareholders of record as of the close of business on February 13, 2023. Reported Earnings • Jan 27
Second quarter 2023 earnings released: EPS: US$6.93 (vs US$4.74 in 2Q 2022) Second quarter 2023 results: EPS: US$6.93 (up from US$4.74 in 2Q 2022). Revenue: US$2.98b (up 27% from 2Q 2022). Net income: US$978.8m (up 36% from 2Q 2022). Profit margin: 33% (up from 31% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 27% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Announcement • Jan 27
KLA Corporation Provides Earnings Guidance for the Third Quarter of Fiscal Year 2023 KLA Corporation provided earnings guidance for the third quarter of fiscal year 2023. For the quarter, the company’s total revenues between $2,200 million to $2,500 million and GAAP diluted EPS attributable to the company is expected to be in a range of $4.06 to $5.46. Announcement • Jan 06
KLA Corporation to Report Q2, 2023 Results on Jan 26, 2023 KLA Corporation announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Jan 26, 2023 Recent Insider Transactions • Dec 18
Independent Director recently sold US$203k worth of stock On the 13th of December, Jeneanne Hanley sold around 500 shares on-market at roughly US$407 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$1.0m. Insiders have been net sellers, collectively disposing of US$1.2m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improved over the past week After last week's 18% share price gain to US$379, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 22x in the Semiconductor industry in Europe. Total returns to shareholders of 125% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$475 per share. Reported Earnings • Oct 27
First quarter 2023 earnings released: EPS: US$7.23 (vs US$7.01 in 1Q 2022) First quarter 2023 results: EPS: US$7.23. Revenue: US$2.72b (up 31% from 1Q 2022). Net income: US$1.03b (down 4.0% from 1Q 2022). Profit margin: 38% (down from 51% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 1.9% p.a. on average during the next 3 years, while revenues in the Semiconductor industry in the United Kingdom are expected to grow by 40%. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment deteriorated over the past week After last week's 16% share price decline to US$277, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 16x in the Semiconductor industry in Europe. Total returns to shareholders of 79% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$408 per share. Buying Opportunity • Oct 05
Now 21% undervalued Over the last 90 days, the stock is up 3.9%. The fair value is estimated to be US$408, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 46%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings is also forecast to grow by 0.01% per annum over the same time period. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 15% share price gain to US$398, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 23x in the Semiconductor industry in Europe. Total returns to shareholders of 206% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$405 per share. Reported Earnings • Jul 30
Full year 2022 earnings released: EPS: US$22.07 (vs US$13.49 in FY 2021) Full year 2022 results: EPS: US$22.07 (up from US$13.49 in FY 2021). Revenue: US$9.21b (up 33% from FY 2021). Net income: US$3.32b (up 60% from FY 2021). Profit margin: 36% (up from 30% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 12%, compared to a 43% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 18% share price gain to US$357, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 21x in the Semiconductor industry in Europe. Total returns to shareholders of 180% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$470 per share. 
