KLAC
KLA Corporation
KLAC's outlook is improving, though it still trails on the overall score.
NVDA
NVIDIA Corporation
NVDA has the edge over KLAC overall, supported by stronger valuation and stronger modeled upside.
KLAC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Healthy |
KLAC's revenue, profitability, cash flow and balance sheet are all currently healthy.
NVDA Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
NVDA's revenue, profitability, cash flow and balance sheet are all currently strong.
KLAC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 18x | $72.57 | -54% |
| Forward | 25x | $157 | — |
| Fair | 27x | $109 | -31% |
| Expensive | 39x | $156 | -0.9% |
| Current | 39x | $157 | — |
Historical ranges are pointers, not guarantees.
KLAC's PE is in its expensive range at 39x. If earnings grow as analysts expect, today's price would be 25x next year's earnings, in its fair range.
NVDA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 12x | $166 | — |
| Current | 21x | $166 | — |
| Cheap | 44x | $345 | +108% |
| Fair | 65x | $511 | +207% |
| Expensive | 93x | $734 | +342% |
Historical ranges are pointers, not guarantees.
NVDA has the edge over KLAC in the historical PE scenario, which offers more potential upside but is not a forecast.
KLAC Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
KLAC has the edge over NVDA on the outlook, with more favorable profitability expectations.
NVDA Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Weakening | |
| Broad | |
| Moderate |
Analysts expect strong earnings and revenue growth for NVDA, but weaker profitability.
KLAC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.22 | +56% |
| Q3 2026 | $3.99 | +25% |
| Q2 2026 | $3.66 | +20% |
| Q1 2026 | $3.53 | +28% |
| Q4 2025 | $3.44 | +45% |
| Q3 2025 | $3.18 | +45% |
| Q2 2025 | $3.04 | +50% |
| Q1 2025 | $2.75 | +44% |
| Q4 2024 | $2.38 | +21% |
KLAC's earnings per share have climbed steadily: $3.99 over the past year, up 25% from the year before, and higher year over year for eight quarters in a row.
NVDA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.77 | +74% |
| Q3 2026 | $7.91 | +125% |
| Q2 2026 | $6.53 | +111% |
| Q1 2026 | $4.90 | +67% |
| Q4 2025 | $4.03 | +59% |
| Q3 2025 | $3.51 | +65% |
| Q2 2025 | $3.10 | +81% |
| Q1 2025 | $2.94 | +147% |
| Q4 2024 | $2.54 | +234% |
NVDA has the edge over KLAC on earnings, with stronger typical year-over-year growth.
KLAC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.1B | +29% |
| Q2 2026 | $3.7B | +15% |
| Q1 2026 | $3.4B | +11% |
| Q4 2025 | $3.3B | +7.2% |
| Q3 2025 | $3.2B | +13% |
| Q2 2025 | $3.2B | +24% |
| Q1 2025 | $3.1B | +30% |
| Q4 2024 | $3.1B | +24% |
KLAC's revenue has grown year over year for 10 quarters in a row: $4.1B last quarter, up 29% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 44% | +3.3 points |
| Q2 2026 | 42% | +0.5 points |
| Q1 2026 | 41% | +0.2 points |
| Q4 2025 | 40% | +8.7 points |
| Q3 2025 | 41% | +2.8 points |
| Q2 2025 | 42% | +5.1 points |
| Q1 2025 | 41% | +12 points |
| Q4 2024 | 32% | +3.8 points |
KLAC's operating margin was 44% last quarter, up 3.3 points from the same quarter a year ago, near the top of its range since 2019.
NVDA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $96.2B | +106% |
| Q2 2026 | $81.6B | +85% |
| Q1 2026 | $68.1B | +73% |
| Q4 2025 | $57B | +62% |
| Q3 2025 | $46.7B | +56% |
| Q2 2025 | $44.1B | +69% |
| Q1 2025 | $39.3B | +78% |
| Q4 2024 | $35.1B | +94% |
NVDA has the edge over KLAC on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 66% | +5.4 points |
| Q2 2026 | 66% | +17 points |
| Q1 2026 | 65% | +3.9 points |
| Q4 2025 | 63% | +0.8 points |
| Q3 2025 | 61% | -1.2 points |
| Q2 2025 | 49% | -16 points |
| Q1 2025 | 61% | -0.5 points |
| Q4 2024 | 62% | +4.9 points |
NVDA has the edge over KLAC on profitability, with a higher operating margin.
KLAC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.3B | +25% |
| Q2 2026 | $817.1M | -23% |
| Q1 2026 | $622.3M | -37% |
| Q4 2025 | $1.3B | +67% |
| Q3 2025 | $1.1B | +14% |
| Q2 2025 | $1.1B | +28% |
| Q1 2025 | $990M | +18% |
| Q4 2024 | $757.2M | +39% |
KLAC's free cash flow has been positive every quarter for seven years: $4B over the past year, up 4.1% from the year before.
NVDA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $21.4B | +59% |
| Q2 2026 | $48.6B | +86% |
| Q1 2026 | $34.9B | +124% |
| Q4 2025 | $22.1B | +32% |
| Q3 2025 | $13.5B | -0.3% |
| Q2 2025 | $26.2B | +75% |
| Q1 2025 | $15.6B | +38% |
| Q3 2024 | $13.5B | +113% |
NVDA has the edge over KLAC on cash flow, with more consistent year-over-year improvement.
KLAC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -8.6M shares |
| 1 year | -1% | -12.7M shares |
| 3 years | -4.4% | -60M shares |
| 5 years | -15% | -223M shares |
| Available history | -17% | -275M shares |
KLAC has 1.3B diluted shares, down 1% from a year ago, with $2.7B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $935.8M |
| Q2 2026 | $571M |
| Q1 2026 | $626M |
| Q4 2025 | $547.8M |
| Q3 2025 | $545.1M |
| Q2 2025 | $425.7M |
| Q1 2025 | $506.7M |
| Q4 2024 | $650.1M |
KLAC spent $2.7B buying back its own shares over the past year, up 26% from the year before.
NVDA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -106M shares |
| 1 year | -1% | -247M shares |
| 3 years | -2.8% | -705M shares |
| 5 years | -4.1% | -1B shares |
| Available history | -1.8% | -435M shares |
NVDA has 24.3B diluted shares, down 1% from a year ago, with $55.3B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $19.7B |
| Q2 2026 | $19.3B |
| Q1 2026 | $3.8B |
| Q4 2025 | $12.5B |
| Q3 2025 | $9.7B |
| Q2 2025 | $14.1B |
| Q1 2025 | $7.8B |
| Q4 2024 | $11B |
NVDA spent $55.3B buying back its own shares over the past year, up 30% from the year before.
KLAC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.6x | Very low |
| Q2 2026 | 0.7x | Very low |
| Q1 2026 | 0.7x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.8x | Very low |
| Q1 2025 | 0.9x | Very low |
| Q4 2024 | 1.0x | Very low |
KLAC's net debt is less than a year of its operating earnings (EBITDA).
NVDA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.1x | Very low |
| Q2 2026 | -0.0x | Net Cash |
| Q1 2026 | -0.0x | Net Cash |
| Q4 2025 | -0.0x | Net Cash |
| Q3 2025 | -0.0x | Net Cash |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.0x | Very low |
| Q4 2024 | -0.0x | Net Cash |
NVDA has the edge over KLAC on leverage, with a lower net debt burden relative to earnings.
KLAC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.4 | Neutral |
| Stochastic | 21.4 | Neutral |
KLAC's weekly RSI is 44 (neutral) and its Stochastic is 21 (neutral).
NVDA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 33.4 | Neutral |
| Stochastic | 18.1 | Oversold |
NVDA's weekly RSI is 33 (neutral) and its Stochastic is 18 (oversold).
KLAC PE vs Technology Sector
| Metric | KLAC | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 28x | 41% above |
| PE % | 84 | 35 | 49 pts above |
KLAC is trading at 39x earnings, a 41% premium to the Technology sector's median of 28x.
NVDA PE vs Technology Sector
| Metric | NVDA | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 28x | 25% below |
| PE % | 0 | 35 | 35 pts below |
NVDA has the edge over KLAC on valuation relative to its sector.
KLAC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $169.4 | 7.2% below |
| 20 week MA | $186.7 | 16% below |
| 50 week MA | $173.7 | 9.4% below |
| 100 week MA | $129.4 | 22% above |
| 200 week MA | $94.0 | 67% above |
KLAC has the edge over NVDA on trend strength, trading above more of its moving averages.
NVDA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $208.9 | 20% below |
| 20 week MA | $212.0 | 22% below |
| 50 week MA | $199.9 | 17% below |
| 100 week MA | $175.1 | 5.1% below |
| 200 week MA | $123.6 | 34% above |
NVDA has fallen below most of its moving averages, though it's still 34% above its 200-week average.
KLAC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $17.9 | $25.9 | +45% |
| 2021 | $25.9 | $42.1 | +62% |
| 2022 | $42.1 | $37.7 | -10% |
| 2023 | $37.7 | $58.1 | +54% |
| 2024 | $58.1 | $64.5 | +11% |
| 2025 | $64.5 | $128.0 | +98% |
| 2026 YTD | $128.0 | $157.3 | +23% |
KLAC has the edge over NVDA on returns for 2026, with the stronger performance.
NVDA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $5.92 | $13.0 | +119% |
| 2021 | $13.0 | $29.6 | +128% |
| 2022 | $29.6 | $15.2 | -49% |
| 2023 | $15.2 | $49.5 | +226% |
| 2024 | $49.5 | $137.0 | +177% |
| 2025 | $137.0 | $190.5 | +39% |
| 2026 YTD | $190.5 | $166.2 | -13% |
NVDA's yearly returns have swung widely, from +226% in 2023 to −49% in 2022. It's down 13% so far in 2026.