JP Morgan analyst Harlan Sur stated on 1 June 2026 that KLA Corporation (NASDAQ: KLAC) could achieve earnings of $95 per share by 2030, citing strong long-term growth potential driven by rising demand for process control tools in the semiconductor equipment market. The firm noted that this segment is expanding at a faster pace than the broader semiconductor equipment industry.

Sur highlighted that KLAC is benefiting from elevated capital spending at leading-edge foundry and logic wafer fabrication equipment in calendar year 2025, alongside continued share gains in optical inspection, ebeam inspection and review, advanced packaging wafer-level inspection, and macro defect inspection. The analyst stated that KLAC remains well positioned to capture further market share as capital intensity at the leading edge remains elevated and its process control tools remain critical to optimising performance, yield, and costs.

Separately, UBS analyst Timothy Arcuri raised his firm's price target on KLAC from $1,770 to $2,180 on 9 June 2026 while maintaining a Neutral rating. The revised price target implies a further 1.9% upside from current levels.

Oppenheimer had previously flagged in May that KLAC's third-quarter earnings came in slightly better than expected, with the firm noting that the beat was partly affected by taxes, higher DRAM-related costs, and recent estimate revisions following KLAC's Investor Day. Oppenheimer also noted that supply and fab capacity constraints are temporarily limiting how much earnings estimates can be increased, even as demand is stronger and expected to improve further by 2027.

KLAC provides process-control and process-enabling equipment, software, and services used in semiconductor wafer, reticle, integrated circuit, packaging, and printed circuit board manufacturing. KLAC is included in analyst assessments of high-bandwidth memory value chain stocks, reflecting its role in the supply chain serving advanced memory manufacturing.