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KLA Corporation

KLAC · NASDAQ

Market closed$212.75$-6.62 (-3.02%)After hours $212.41 · -0.16%

Key statistics

Previous close$219.37
Open$208.82
Day high$216.79
Day low$204.58
52-week high$307.37
52-week low$83.22
Market cap277.91B
Volume13.05M
Average volume12.50M
P/E ratio7.60
Forward P/E37.28
EPS27.98
Dividend yield+0.38%

Market context

Why it moved

KLAC shares fell sharply as the broader semiconductor sector entered a technical bear market, pressured by a broad AI-related valuation reset triggered by the emergence of China's Kimi K3 AI model reigniting DeepSeek-style concerns over AI capex sustainability, compounded by China export restriction fears and mechanical deleveraging across crowded chip-sector trades.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026KLA Corporation shares fell sharply, caught up in a broad semiconductor sector rout as investors rotated out of chip stocks amid growing concerns over AI valuation sustainability and geopolitical tensions. The selloff accelerated following TSMC's Q2 earnings, which beat expectations but triggered further declines after the company raised its capital expenditure forecast to $60–$64 billion — stoking fears that rising costs could compress near-term free cash flow across the equipment supply chain. A JPMorgan strategist noted that while semiconductor earnings power remains "rock solid," the sector's next leg higher now hinges on hyperscalers reaffirming AI capex commitments during upcoming earnings. KLA, which had climbed 4.6% earlier in the week on improved chip-equipment sentiment, gave back those gains as the iShares Semiconductor ETF fell nearly 5% and the PHLX Semiconductor Index approached bear market territory, down nearly 20% from its late-June record. Escalating U.S.-Iran military strikes added further risk-off pressure across global markets.

-3.0177

July 17, 2026KLA Corporation shares declined alongside a broad semiconductor sector selloff, as investors rotated out of richly valued chip stocks despite TSMC reporting record Q2 profits and a 77% surge in quarterly earnings. The pressure stemmed from TSMC's sharply increased capex guidance ($60–$64B, up from $56B) and margin warnings tied to overseas expansion and 2nm ramp costs, shifting investor focus from top-line AI demand strength to free cash flow sustainability and valuation multiples. Ahead of KLA's own fiscal Q4 earnings on July 28, Oppenheimer raised its price target to $260 and maintained an Outperform rating, calling the ~25% pullback from highs a buyable dip given expected upward revisions and KLA's scarcity premium as an AI process control leader.

-2.2851

July 16, 2026KLA Corporation closed down amid a volatile session for semiconductor stocks, reversing an intraday rally despite a broadly supportive macro backdrop including softer-than-expected PPI data and strong ASML earnings. The sector faced renewed profit-taking as chip stocks seesawed throughout the day, with the Philadelphia Semiconductor Index still roughly 11-14% below its June record high. UBS raised its KLA price target to $255 from $218 while maintaining a Neutral rating, reflecting cautious optimism ahead of KLA's upcoming earnings. Investors remain focused on whether Big Tech capex guidance — beginning with Alphabet on July 22 — can sustain the AI-driven equipment spending cycle that underpins KLA's outlook.

-2.5481

July 15, 2026KLA Corporation shares rallied sharply, rebounding from the prior session's semiconductor sector weakness as a cooler-than-expected June CPI report (headline inflation falling to 3.5%) revived risk appetite and lifted chip equipment stocks broadly. Sentiment was further buoyed by bullish analyst commentary ahead of KLA's upcoming earnings — Citigroup maintained a constructive stance on semiconductor equipment makers with a $290 target, while recent upgrades from TD Cowen and Morgan Stanley reflect confidence in the wafer fab equipment upcycle. With ASML and TSMC reporting this week as bellwethers for AI-driven capex, investors are positioning in process control leaders like KLA ahead of what could be a pivotal earnings season for the semiconductor supply chain.

3.6535

July 14, 2026KLA Corporation fell 4% amid a broad semiconductor selloff, underperforming the wider technology sector as multiple headwinds converged. Renewed U.S.-Iran military tensions sent oil prices surging and rattled equity markets, while a sharp 14% plunge in SK Hynix shares in South Korea—driven by concerns its quarterly profit could miss estimates—sparked a broad chip sector selloff that dragged down KLA and peers. The decline adds to KLA's steep 23% pullback since June 30, a steeper retreat than equipment peers Applied Materials and Lam Research, even as analysts remain constructive with buy ratings and price targets of $260–$274; investors are now focused on TSMC's Q2 earnings Thursday and KLA's own fiscal Q4 report on July 28 for clarity on AI-driven equipment demand.

-4.004

July 11, 2026KLA Corporation closed modestly higher, recovering alongside the broader semiconductor sector after a sharp selloff earlier in the week triggered by AI valuation concerns following Samsung's earnings. The rebound was bolstered by a dual analyst upgrade catalyst: both Stifel's Brian Chin and Needham's Charles Shi raised their price targets on KLAC to $270, citing sustained semiconductor equipment demand driven by AI chip fabrication. The gains came even as Morgan Stanley had recently downgraded KLAC to Hold, reflecting divided Wall Street sentiment ahead of KLA's fiscal Q4 2026 earnings report due July 28.

0.8714

July 10, 2026KLA Corporation staged a sharp rebound, gaining nearly 4% on Thursday as semiconductor stocks broadly recovered following a bruising two-day selloff triggered by AI valuation fears surrounding Samsung's record but underwhelming earnings. The bounce came despite ongoing headwinds: Morgan Stanley downgraded KLAC to Hold (raising its price target to $274), hedge funds have been net sellers of chip stocks for four consecutive weeks, and geopolitical uncertainty from escalating U.S.-Iran tensions added macro noise. Investor focus is squarely on KLA's Q4 fiscal 2026 earnings report scheduled for July 28, with TD Cowen maintaining a Buy and raising its target to $260, underscoring a split in analyst sentiment as the stock navigates rich valuations and peak-cycle concerns.

3.7707

July 9, 2026KLA Corporation shares rose roughly 2% on July 8, staging a partial rebound after tumbling ~6.6% the prior session when Samsung's record earnings failed to meet lofty AI expectations, triggering a broad semiconductor selloff. The recovery came even as geopolitical headwinds resurfaced — Trump declared the U.S.-Iran ceasefire 'over,' sending oil prices surging 5%+ and weighing on broader markets — suggesting dip-buyers stepped in as sentiment stabilized. Investors are also eyeing Morgan Stanley's July 6 downgrade of KLAC to Hold (target raised to $274) and KLA's scheduled Q4 fiscal 2026 earnings report on July 28, which will be a key test of AI-driven wafer fab equipment demand.

2.1758

Investing.com · July 16, 2026Oppenheimer raises KLA stock price target to $260 on AI demand24/7 Wall St. · July 15, 2026Applied Materials Vs. KLA Corporation: This AI Infrastructure Play Is A Better BuySimply Wall Street · July 15, 2026KLA (KLAC) Stock Looks Pricey On Earnings After A 7x RunTIKR.com · June 17, 2026KLA Corporation Stock Fell 7% This Week Right After Its 10-for-1 Split. Here’s Where the Stock Could Go in 2026Investor's Business Daily · April 29, 2026Chip Gear Supplier KLA Posts Beat-And-Raise Fiscal Q3, But Stock Falls LatePR Newswire · March 12, 2026KLA Hosts Investor Day; Announces $7 Billion Share Repurchase Program and 21% Increase to Quarterly Dividend; Reaffirms March 2026 Guidance
Benzinga · July 16, 2026$100 Invested In KLA 10 Years Ago Would Be Worth This Much Today
Mt Newswire · July 16, 2026KLA Fiscal Q4 Seen Highlighting AI Demand Strength Amid Valuation Concerns, Oppenheimer Says
Benzinga · July 16, 2026Oppenheimer Maintains Outperform on KLA, Raises Price Target to $260
Mt Newswire · July 16, 2026Oppenheimer Adjusts Price Target on KLA to $260 From $200, Maintains Outperform Rating
Mt Newswire · July 15, 2026UBS Adjusts KLA Price Target to $255 From $218, Maintains Neutral Rating
Benzinga · July 10, 2026Stifel Maintains Buy on KLA, Raises Price Target to $270
Benzinga · July 10, 2026Needham Maintains Buy on KLA, Raises Price Target to $270
Benzinga · July 9, 2026TD Cowen Maintains Buy on KLA, Raises Price Target to $260

Peers

S&P 500SPX · $7,457.69-1.01%Applied Materials, Inc.AMAT · $529.66-5.57%Lam Research CorporationLRCX · $313.30-2.39%ASML Holding N.V.ASML · $1,747.58-2.09%Teradyne, Inc.TER · $322.36+0.02%Entegris, Inc.ENTG · $138.74+3.08%Onto Innovation Inc.ONTO · $279.85-0.62%Axcelis Technologies, Inc.ACLS · $136.42-2.10%Ultra Clean Holdings, Inc.UCTT · $92.43-0.18%Aehr Test SystemsAEHR · $81.05-3.74%MKS Inc.MKSI · $324.69-2.20%ASM International N.V.ASM.AS · €869.40-4.04%