KLA(NASDAQ) KLAC

KLA Corp. helps manufacturers build computer chips. These tools find tiny defects and measure parts during production. This helps electronic companies create better products with less waste.

The Tools Behind the Chips

• Wafer Inspection: Systems that identify and analyze defects on silicon surfaces; accounted for 49% of revenue in fiscal 2026.
• Patterning: Tools used to measure dimensions and alignment for chip layers; represented 20% of revenue in fiscal 2026.
• Services: Maintenance programs to maximize the lifespan and productivity of tools; comprised 23% of revenue in fiscal 2026.
• Specialty Semiconductor Process: Equipment used to etch and coat chips for automotive and industrial uses.
• PCB and Component Inspection: Technology that checks the quality of printed circuit boards (PCBs) and electronic packaging.

Recent Strategic Moves

• Completed a 10-for-1 stock split of common stock on June 11, 2026.
• Increased the authorized share repurchase amount by $7.00 billion in the third quarter of fiscal 2026.
• Entered into a new $1.50 billion revolving credit agreement on July 3, 2025.
• Announced the 17th consecutive annual dividend increase in the third quarter of fiscal 2026.
• Exited the Display business during fiscal 2025 to focus on higher growth markets.

Global Reach and Brainpower

KLA maintains its market position by owning over 9,100 active patents for its advanced technology. It operates research centers in several countries to keep up with fast changes in chip design.

A Look at the Numbers

• Total revenues were $13.58 billion in fiscal 2026, up 12% year over year.
• Net income reached $4.83 billion in fiscal 2026, up from $4.06 billion in fiscal 2025.
• Backlog grew to $12.57 billion as of June 30, 2026, up from $7.86 billion the previous year.
• International sales accounted for approximately 87% of total revenues in fiscal 2026.
• Gross margin was 61.3% in fiscal 2026, compared to 60.9% in the prior fiscal year.

Bottom Line

KLA has evolved into a central player in the global semiconductor manufacturing ecosystem. Its focus on advanced measurement tools makes it essential for producing the complex chips required for artificial intelligence infrastructure.