KLA reported strong September-quarter results and a good December-quarter outlook. Sales rose 29% year on year to $4.1 billion, while non-GAAP operating margin rose 290 basis points to 46.1%. Guidance implies accelerated growth, more than 40% year-on-year, to $4.7 billion.
KLA dominates the process control market within WFE, with a majority market share more than quadrupling that of its next closest competitor, Applied Materials.
KLA has a smaller budget than other giant WFE peers like Applied Materials and ASML, and risks losing market share if those firms were to invest more than it is able to.
Metric | KLAC | ASML | AMAT |
|---|---|---|---|
Price/Earnings (Normalized) | 36.97 | 47.19 | 33.93 |
Price/Book Value | 30.24 | 23.23 | 11.48 |
Price/Sales | 13.74 | 12.71 | 9.60 |
Price/Cash Flow | 33.08 | 33.80 | 32.84 |
Metric | KLAC | ASML | AMAT |
|---|---|---|---|
Quick Ratio | 1.76 | 0.95 | 1.67 |
Current Ratio | 2.76 | 1.49 | 2.42 |
Interest Coverage | 22.13 | — | 33.00 |
Metric | KLAC | ASML | AMAT |
|---|---|---|---|
Return on Assets (Normalized) | 31.27% | 27.07% | 22.69% |
Return on Equity (Normalized) | 92.53% | 66.27% | 39.18% |
Return on Invested Capital (Normalized) | 45.98% | 57.96% | 25.01% |
1-Day Chart | Name | Price | Morningstar Rating for Stocks | Capital Allocation | Economic Moat | Market Cap |
|---|---|---|---|---|---|---|
| ASML Holding NV ASMLF | LOCK|#!^#k!QX | LOCK|<! | $577B | |||
| ASML Holding NV ADR ASML | LOCK|@&LBTP!q | LOCK|>r | $577B | |||
| Applied Materials Inc AMAT | LOCK|BjS#&?>& | LOCK|k$ | $294B | |||
| Lam Research Corp LRCX | LOCK|g?y#KLP! | LOCK|p<c | $276B | |||
| Advantest Corp ADR ATEYY | — | LOCK|z%@ | $129B | |||
| Advantest Corp ADTTF | — | LOCK|%c | $129B | |||
| Teradyne Inc TER | LOCK|^>mJ?HH | LOCK|?X& | $38B | |||
| Qnity Electronics Inc Q | LOCK|<?#^CN | LOCK|m&?% | $26B | |||
| Entegris Inc ENTG | LOCK|?^H#>Tj | LOCK|#P | $21B |
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