
KLA-Tencor (KLAC) Stock Forecast & Price Target
KLA-Tencor (KLAC) Analyst Ratings
Bulls say
KLA has demonstrated solid financial growth, with a gross profit increase of 8.7% year-over-year, reaching $2.1 billion and achieving a gross margin of 62.6%. The company's outlook for the wafer fabrication equipment (WFE) market shows a promising increase from $121 billion in calendar year 2025 to $135 billion in calendar year 2026, driven by strong demand in key segments such as memory and foundry-logic. Additionally, KLA's earnings per share (EPS) rose by 7.9% year-over-year to $8.85, indicating robust profitability and reinforcing a positive outlook for the company in the semiconductor equipment market.
Bears say
KLA is experiencing a stagnation in revenue growth, with guidance indicating a marginal increase of only 2% quarter-over-quarter to $3.35 billion, amidst contrasting performance trends in its product segments. The company's market share in process control is projected to decline to 6-7% by 2026, driven by an unfavorable shift in the wafer fabrication equipment (WFE) market mix and a forecasted adjusted WFE market size of below $107 billion in 2025. Furthermore, persistent supply constraints on essential optical components, coupled with a decrease in sales exposure to China (dropping from 39% to 30% of total revenue), contribute to a negative outlook for KLA's financial performance.
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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