KLA Corporation Sets 10-for-1 Stock Split After 149.9% Rally, 11% Revenue Growth
KLAC•KLA Corporation will execute a 10-for-1 stock split on June 12, 2026, after shares climbed 149.9% over the past year. Fiscal Q3 revenue rose 11% year-over-year to $3.42 billion, but a DCF model values shares between $947 and $1701.
1. Stock Split Details
KLA Corporation will implement a 10-for-1 stock split on June 12, 2026, granting shareholders ten shares for each held. This move lowers the per-share price to enhance investor accessibility without changing the company’s overall market capitalization.
2. Strong Recent Performance
The stock has surged 149.9% over the past year, while fiscal Q3 2026 revenue rose 11% year-over-year to $3.42 billion driven by robust demand in chip manufacturing. This growth underscores KLA’s leadership in process control and yield management systems.
3. Market Share Growth and Outlook
Process control market share has expanded by 360 basis points since 2021, reflecting strong competitive positioning. The semiconductor process control market is projected to grow over 20% in 2026, supporting continued demand for KLA’s advanced tools.
4. Valuation Concerns
A discounted cash flow analysis estimates fair value between $947 and $1701 per share, suggesting current trading levels exceed intrinsic value. This disparity raises questions about potential price correction despite solid operational metrics.
