
KLA-Tencor (KLAC) Stock Forecast & Price Target
KLA-Tencor (KLAC) Analyst Ratings
Bulls say
KLA's gross profit exhibited a year-over-year increase of 8.7% to reach $2.1 billion, accompanied by a margin improvement of 90 basis points to 62.6%. The company anticipates significant growth in the wafer fabrication equipment market, projecting a rise from $121 billion in calendar year 2025 to $135 billion in calendar year 2026, driven by strong demand from memory and leading-edge foundry-logic markets. Additionally, KLA reported a year-over-year earnings per share increase of 7.9%, reaching $8.85, and expects its process control revenue to outpace overall WFE growth, further reinforcing its positive financial outlook.
Bears say
KLA's financial outlook is hindered by anticipated flat revenue growth for C1Q26, with key segments such as NAND expected to see a significant decline of 38%, contrasting sharply with the positive growth observed in DRAM. The company's market share in the WFE process control segment is forecasted to decrease to 6-7% by 2026 due to unfavorable market shifts, which will further limit revenue potential. Additionally, challenges such as supply constraints on optical components and decreasing revenue contributions from China, which has dropped from 39% to 30% of total sales, compound concerns regarding overall profitability and market positioning.
This aggregate rating is based on analysts' research of KLA-Tencor and is not a guaranteed prediction by Public.com or investment advice.
KLA-Tencor (KLAC) Analyst Forecast & Price Prediction
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