KLA Corporation’s share price targets are projected at $1,330–$1,360 for 2025, $1,430–$1,460 for 2026, $1,380–$1,400 for 2028, around $2,440 for 2030, and about $2,544 by 2035
Overview of KLA
KLA Corporation (NASDAQ: KLAC) is a global leader in process control and yield management systems for the semiconductor industry. Established after a merger in 1997, KLA has become one of the foremost equipment suppliers for the semiconductor ecosystem, producing advanced tools that help customers ensure semiconductor chip quality and reliability. Its solutions are foundational to semiconductor manufacturing, with customers including industry giants in the USA, China, Taiwan, and South Korea.
Fundamental Analysis of KLA
KLA has demonstrated consistent operational superiority, with revenue and profit growth outpacing market expectations. For the latest quarter (Q1 FY2026 ending September 2025), KLA reported:
- Revenue: $3.21 billion (up 13% YoY)
- GAAP EPS: $8.47 (beat by $0.12)
- Net Income: $1.12 billion
- Free Cash Flow: $1.07 billion
- Capital Return to Shareholders: $799.1 million
Last Few Years’ Performance of KLA
| Fiscal Year | Revenue ($B) | Net Income ($B) | Free Cash Flow ($B) | GAAP EPS |
| 2021 | 6.92 | 2.09 | 2.44 | 14.94 |
| 2022 | 9.21 | 3.14 | 3.12 | 20.39 |
| 2023 | 10.5 | 3.45 | 3.33 | 22.84 |
| 2024 | 11.2 | 3.75 | 4.01 | 25.68 |
| 2025 | 12.15* | 4.06* | 4.21* | 30.37* |
| 2026 (Q1) | 3.21 | 1.12 | 1.07 | 8.47 |
*2025 data estimated from trailing quarters and latest announcements.
Profit Growth
KLA’s net income has consistently grown at double-digit rates in the last five years, exemplified by a sharp jump from $2.09B in 2021 to over $4.06B in 2025.
Sales Growth
Revenue rose from $9.21B in 2022 to an estimated $12.15B in 2025, sustained by demand for AI-enabled semiconductor solutions and market expansion across Asia and Europe.
ROE (Return on Equity) Percentage
KLA’s current ROE is approximately 102.56% as of October 2025, a remarkable figure driven by strong net profits and efficient capital allocation. This level is far above the industry average, signaling exceptional management effectiveness.
ROCE (Return on Capital Employed) Percentage
The company’s latest ROCE stands at 82.15%, further confirming its capital efficiency and competitive edge.
Total Expenditure Amount
While specific quarterly expenditure breakdowns are not detailed in open reports, KLA consistently invests a sizeable portion of revenue in R&D and manufacturing capacity, supporting growth and maintaining technological leadership. Total expenses (Cost of Revenue, SG&A, and R&D) usually approximate 60% of total revenues annually.
Net Cash Flow Amount
For Q1 2026, KLA generated free cash flow of $1.07 billion, with a 33% free cash flow margin reflecting a robust cash-generating business.
Total Assets Amount
KLA’s total assets as of June 2025 are estimated at approximately $12.8 billion, including cash, receivables, inventories, and property, plant, and equipment.
KLA Share Price Target 2025
Various credible forecasts and analyst reports place KLA’s 2025 share price target in the range of $1,250 to $1,390 per share. The consensus, based on recent upward revisions and AI-driven models, is approximately $1,330–$1,360 per share by the end of 2025.
KLA Share Price Target 2026
For 2026, projections widen due to global market variability, but multiple agencies and AI-powered sites estimate a range of $1,250 (low) to $1,690 (high), with the average forecast at roughly $1,430–$1,460 per share.
KLA Share Price Target 2028
Mid-to-long-term expectations lean on KLA’s technological moat and secular growth trends in semiconductors. Projections set the 2028 target at $1,345–$1,464 on average, depending on industry cycle timing and macro environment.
KLA Share Price Target 2030
Consensus estimates suggest a dramatic upside potential, with the mean price target around $2,439 per share, though with significant spread ($1,305–$4,618 possible), reflecting long-term uncertainty in a rapidly evolving industry.
KLA Share Price Target 2035
2035 forecasts, though speculative, show an average price of $2,544, based on industry growth, market share retention, and enduring profitability. High-end projections rise above $2,700 per share as per AI-driven models tracking global chip market expansion.
Summary Table: KLA Share Price Targets
| Year | Low Estimate | High Estimate | Mean Estimate |
| 2025 | $1,250 | $1,390 | $1,330–$1,360 |
| 2026 | $1,250 | $1,690 | $1,430–$1,460 |
| 2028 | $1,345 | $1,464 | $1,380–$1,400 |
| 2030 | $1,305 | $4,619 | $2,440 |
| 2035 | $2,321 | $2,789 | $2,544 |
Peer Companies of KLA
KLA’s main market rivals in the semiconductor capital equipment sector are:
- Applied Materials (AMAT)
- Lam Research (LRCX)
- ASM International (ASMIY)
- Teradyne (TER)
- Entegris (ENTG)
- ASML Holdings
- Tokyo Electron
Discussion About Shareholding Pattern of KLA
As of the latest reporting, KLA’s ownership structure is as follows:
| Owner Type | Ownership % |
| Institutions | 88.4% |
| General Public | 11.4% |
| Individual Insiders | 0.09% |
| State/Government | 0.12% |
There has been minimal dilution, and institutional holders remain in firm control, reflecting confidence from large asset managers and retirement funds. Major shareholders include State Street Corporation (4.6%), Capital Research & Management, and various global mutual funds.
The Last Few Years’ Share Price Updation of KLA
| Year | Year-End Price ($) | % Change YoY |
| 2021 | $434 | +75% |
| 2022 | $504 | +16% |
| 2023 | $826 | +64% |
| 2024 | $1,012 | +22% |
| 2025 | $1,183* | +17% |
*2025 approximates from October end price. KLA shares have outperformed both the S&P 500 and sector indices.
What Is The Expert Advice About The Investment in KLA?
Positive Sides:
- Market leadership in semiconductor process control.
- Consistent revenue, profit, and free cash flow growth.
- High ROE and ROCE, reflecting world-class management.
- Robust demand for chip manufacturing equipment, fuelled by AI and automotive trends.
Negative Sides:
- Cyclical industry: downturns can strongly affect earnings.
- Exposure to risks from geopolitical tensions, especially in China.
- High expectations already factored into valuations; limited short-term upside during weak cycles.
Risk Factors of KLA
- Market Cyclicality: Semiconductor capital equipment spending fluctuates with broader economic and chip demand cycles.
- Geopolitical: US-China tensions and trade policy can limit access to major Asian customers.
- R&D Intensity: Constant innovation required to maintain edge; lagging product development could erode market share.
- Valuation Risks: High multiples mean corrections are sharper in market pullbacks.
FAQ
What is KLA Share Price Target for 2025?
Around $1,250–$1,390, with a mean around $1,360 per share.
What is KLA Share Price Target for 2026?
Estimated at $1,430–$1,460 per share.
What is KLA Share Price Target for 2028?
Usually placed between $1,345 and $1,464.
What is KLA Share Price Target for 2030?
Mean target is $2,440, though high-end projections far exceed this.
What is KLA Share Price Target for 2035?
Models average $2,544 with highs exceeding $2,700.
Conclusion
KLA Corporation stands out as a superior long-term investment choice in the semiconductor capital equipment sector due to its technological leadership, earnings power, and the massive secular tailwinds in chip demand for AI, data centers, and automotive industries. For new investors, the company’s high institutional ownership, strong free cash flow, and reliable management make it a lower-risk entry within a high-growth domain. However, investors should temper expectations due to inherent market cycles and keep a watch on global macro and policy risks. Buying on industry dips—or during periods of pessimism—has historically maximized returns with KLA.
