KLA Corporation’s (NASDAQ:KLAC) stock soared to a new all-time high of $915.10, reaching a market capitalization of approximately $120 billion. The semiconductor equipment giant has delivered stellar gains, rising more than 40% over the last six months, fueled by robust demand in the technology sector. The company’s revenue growth remains strong at 20% year-over-year, supported by a solid 60% gross margin, underscoring investor confidence in KLA’s strategic positioning and ability to benefit from industry tailwinds.
In its recent first-quarter 2025 earnings report, KLA exceeded expectations with an EPS of $8.41, above the forecasted $8.07, and revenues of $3.06 billion, surpassing the anticipated $3.01 billion. Despite the solid earnings beat, KLA’s shares slipped slightly in aftermarket trading due to investor caution about future guidance and broader market conditions.
Highlighting its commitment to shareholder value, KLA announced a new $5 billion share repurchase program. Analysts remain mixed: JPMorgan maintains an Overweight rating, praising strong wafer front-end equipment sales, while Cantor Fitzgerald holds a Neutral rating, recognizing solid results and optimistic forecasts. Conversely, Stifel raised its price target to $770 but kept a Sell rating, reflecting a more cautious stance despite positive fundamentals.
KLA’s focus on AI-driven growth areas—such as advanced logic chips and high-bandwidth memory—continues to fuel demand for its process control technologies. The company also reported improved gross margins across key segments and expects to sustain strong profitability despite potential tariff-related headwinds.