Milpitas, California, May 8, 2026, 03:11 PDT
- KLA has cleared a 10-for-1 forward stock split; trading on a split-adjusted basis kicks off June 12.
- The chip-equipment maker bumped up its quarterly dividend to $2.30, a 21% increase over the last payout.
- KLAC was quoted at $1,763.25 in early Friday trading, off 2.9% from its previous close.
KLA Corp’s board has signed off on a 10-for-1 forward stock split and bumped up its quarterly dividend. The split will bring down the per-share price for one of the pricier names among semiconductor equipment makers, but investor stakes stay the same.
Timing is key here. KLA’s stock has climbed this year, fueled by appetite for its chipmaking gear tied to artificial intelligence. Still, whenever chip-equipment companies’ outlooks don’t smash lofty investor targets, shares can take a hit.
KLA plans to boost its authorized common stock to 5 billion shares, up from the current 500 million, according to a recent filing. Investors recorded on June 4 are slated to get nine additional shares for each share owned after the Nasdaq session wraps up on June 11. KLAC will begin trading post-split when markets open on June 12.
KLA’s Chief Financial Officer Bren Higgins pointed to “accessibility and liquidity” as key reasons behind the split, saying the move keeps the company on track with its long-term capital strategy. Higgins also highlighted that the change would broaden both investor and employee access to KLA shares. Investing.com Nigeria
The dividend goes straight to shareholders’ pockets. KLA’s board signed off on a $2.30 per share quarterly dividend, set for payment on June 2 to holders on record as of May 18. After the stock split, the company expects its August dividend to come in at 23 cents a share.
This news comes on the heels of a robust March quarter for KLA. The company posted $3.415 billion in revenue, with GAAP diluted earnings coming in at $9.12 per share. Adjusted profit, or non-GAAP earnings—which exclude select items—were a bit higher at $9.40 per share.
Chief Executive Richard Wallace pointed to AI as “a core driver of KLA’s performance” during the earnings call. Gross margin climbed to 62.2%, according to Higgins, who cited both manufacturing scale and service mix as key contributors. The Motley Fool
KLA builds process-control gear—these are the systems that spot minuscule flaws in chipmaking and help boost the number of good chips per wafer. The company’s main rivals in the capital equipment cycle: Lam Research, Applied Materials, and ASML. Lam, for its part, wrapped up a 10-for-1 stock split in 2024.
Nasdaq’s regular session was still ahead at the dateline, with KLAC last quoted at a market cap near $232.3 billion and a price-to-earnings ratio around 50. That lofty valuation remains in the spotlight, even as the share split drops the sticker price.
The split doesn’t generate profits, cash, or extra market cap—it just slices the same pie into more pieces. CFRA’s Brooks Idlet told Reuters last week that high hopes and expensive stock were steering investor sentiment. KLA, meanwhile, has pointed to uncertainties from softer demand, exposure abroad, and evolving U.S. export regulations.
