KLA Corporation (KLAC) Stock Falls on Q2 2026 Earnings

KLA Corporation (KLAC) reported Q2 2026 results with total revenue of $3.30 billion, up 7.2% year-over-year, and slightly below the consensus revenue estimate of $3.31 billion.

Gross profit: $2.03 billion (+9.2% YoY)

Operating profit: $1.36 billion (+35.8% YoY)

Net income attributable to common shareholders: $1.15 billion (+39.0% YoY)

Diluted earnings per share: $8.68 (+40.9% YoY)

Cash flow and balance-sheet highlights include strong operating cash generation and healthy liquidity.

Cash from operating activities: $1.37 billion (+61.0% YoY)

Cash and cash equivalents: $2.45 billion (+33.4% YoY)

Purchases of property, plant and equipment (capex): $106 million (+14.4% YoY)

Total liabilities: $11.25 billion (-1.4% YoY)

On the bottom-line versus expectations, diluted EPS of $8.68 trailed the EPS estimate of 8.98, and revenue missed the estimate noted above. Shares moved -3.47% since market close following the release.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

KLA Corporation Insider Trading Activity

KLA Corporation insiders have traded $KLAC stock on the open market 12 times in the past 6 months. Of those trades, 0 have been purchases and 12 have been sales.

Here’s a breakdown of recent trading of $KLAC stock by insiders over the last 6 months:

RICHARD P WALLACE (President and CEO) has made 0 purchases and 2 sales selling 21,604 shares for an estimated $22,865,746.
BRIAN LORIG (EVP, KLA Global Services) sold 8,049 shares for an estimated $7,354,210
BREN D. HIGGINS (EVP & Chief Financial Officer) has made 0 purchases and 2 sales selling 4,555 shares for an estimated $4,809,718.
AHMAD A. KHAN (President, Semi. Prod. & Cust.) sold 4,564 shares for an estimated $4,107,600
MARY BETH WILKINSON (EVP, CLO and Secretary) has made 0 purchases and 3 sales selling 3,705 shares for an estimated $3,377,946.
VIRENDRA A KIRLOSKAR (SVP & Chief Accounting Officer) has made 0 purchases and 3 sales selling 1,169 shares for an estimated $1,064,141.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

KLA Corporation Hedge Fund Activity

We have seen 813 institutional investors add shares of KLA Corporation stock to their portfolio, and 768 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC added 1,360,171 shares (+118.0%) to their portfolio in Q3 2025, for an estimated $1,467,080,440
M&T BANK CORP added 1,336,280 shares (+8917.5%) to their portfolio in Q4 2025, for an estimated $1,623,687,102
PRIMECAP MANAGEMENT CO/CA/ removed 945,095 shares (-21.1%) from their portfolio in Q3 2025, for an estimated $1,019,379,466
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 811,667 shares (+70.3%) to their portfolio in Q3 2025, for an estimated $875,464,026
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 409,221 shares (+224.1%) to their portfolio in Q3 2025, for an estimated $441,385,770
STOCKBRIDGE PARTNERS LLC added 310,675 shares (+inf%) to their portfolio in Q3 2025, for an estimated $335,094,055
AMUNDI removed 298,995 shares (-25.0%) from their portfolio in Q3 2025, for an estimated $322,496,007

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

KLA Corporation Government Contracts

We have seen $341,635 of award payments to $KLAC over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

THE IMICRO INCLUDES THE IQWAVE2(TM) ADVANCED CONTROLLER, ENHANCING PRECISION AND CONTROL FOR ALL TESTING SC...: $248,751
OU73-25-NEW-142 - UPGRADE AND INSTALL THE KLA G200 NANO-INDENTER CONTROL PC SYSTEM AND THE NANOSUITE 7.0 SO...: $29,700
PART#0856122-000, SPECIAL, UPGRADE, XACTIX RE ASSY, COMP, E2, WIN11KIT INCLUDES: WINDOWS 11 CONFIGURED PC D...: $19,439
REPAIR SITE VISIT FOR INSTRUMENT KLA D120: $17,988
VSM POWDER TESTING CUPS: $12,324

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

KLA Corporation Congressional Stock Trading

Members of Congress have traded $KLAC stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $KLAC stock by members of Congress over the last 6 months:

REPRESENTATIVE VAL T. HOYLE sold up to $15,000 on 09/23.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

KLA Corporation Analyst Ratings

Wall Street analysts have issued reports on $KLAC in the last several months. We have seen 10 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Needham issued a "Buy" rating on 01/20/2026
Wells Fargo issued a "Overweight" rating on 01/15/2026
Bernstein issued a "Outperform" rating on 01/14/2026
TD Cowen issued a "Buy" rating on 01/13/2026
Cantor Fitzgerald issued a "Overweight" rating on 12/16/2025
Citigroup issued a "Buy" rating on 10/31/2025
JP Morgan issued a "Overweight" rating on 10/30/2025

To track analyst ratings and price targets for KLA Corporation, check out Quiver Quantitative's $KLAC forecast page.

KLA Corporation Price Targets

Multiple analysts have issued price targets for $KLAC recently. We have seen 17 analysts offer price targets for $KLAC in the last 6 months, with a median target of $1560.0.

Here are some recent targets:

Melissa Weathers from Deutsche Bank set a target price of $1560.0 on 01/21/2026
Charles Shi from Needham set a target price of $1800.0 on 01/20/2026
Timothy Arcuri from UBS set a target price of $1635.0 on 01/20/2026
Joseph Quatrochi from Wells Fargo set a target price of $1600.0 on 01/15/2026
Srini Pajjuri from RBC Capital set a target price of $1550.0 on 01/15/2026
Brian Chin from Stifel set a target price of $1600.0 on 01/14/2026
Stacy Rasgon from Bernstein set a target price of $1700.0 on 01/14/2026