K

KLA

Makes chip inspection and measurement equipment

Product Development Engineer - Fast

Full-TimeUpdated on 10/23/2026
$117.8k - $172.8k/yr+ Performance incentive programs
Senior
Bachelor's, Master's, PhD
Milpitas, CA, USA
In PersonSome travel required, less than 25%.
Hardware EngineeringHardware Systems Integration
Company Historically Provides H1B Sponsorship

About the job

Requirements
  • A PhD in optics, physics, systems engineering, mechanical engineering, electrical engineering, or a related technical field.
  • A bachelor's degree plus five years of relevant experience and accomplishments, or a master's degree plus two years of relevant experience and accomplishments, or a PhD degree.
  • A strong background in engineering or physical sciences with demonstrated analysis and problem-solving skills.
  • Experience diagnosing and driving solutions to complex problems across whole systems using appropriate problem-solving techniques.
  • Ability to communicate effectively to all levels of the division, customers, vendors, and across cultures.
Responsibilities
  • Develop and support next-generation optical critical dimension metrology systems, and support and improve current systems.
  • Initially take responsibility for improvement projects and support of field and manufacturing issues for the current-generation product line, progressing to next-generation product development from technology evaluation and selection through specifications development, product validation and verification, transfer to manufacturing, and customer ramp support.
  • Complete initial diagnosis of system issues, uncover root causes, devise solutions or drive a team to define solutions to complex problems, support detailed analysis and solution tradeoffs, develop action plans, and communicate plans to colleagues for execution.
  • Work with experts in optics, electronics, mechanics, software, and algorithms to resolve issues.
  • Lead design efforts or write specifications for system components, including design reviews, part procurement, testing, integration, and writing engineering change orders to release new parts.
  • Contribute to prototype testing by providing input to the prototype test plan and conducting experiments to verify the performance of critical components, subsystems, and modules.
  • Provide input to acceptance criteria for incoming materials, including outsourced subsystems.
  • Set up and drive small-team efforts addressing product-level design issues, supplier issues, manufacturing escalations, or improvement projects.
  • Lead development of performance and troubleshooting diagnostics for existing and new products.
  • Lead product or feature introduction activities, including preparing first drafts of test, alignment, calibration, manufacturing, or service manuals.
  • Support training of operations and field personnel.
  • Contribute to research, evaluation, and proposals for new product features in support of customer requirements.
  • Develop and evaluate concepts and designs for next-generation systems.
  • Drive teams to resolve system issues at customer sites or in manufacturing; work with engineers globally to resolve issues escalated to engineering by establishing root cause, developing plans of action, guiding local teams in execution, and standardizing solutions to improve designs or procedures.
  • Travel as required, less than 25%.
Desired Qualifications
  • Hands-on experience constructing and aligning opto-mechanical systems.

About the company

KLA makes equipment and software that help semiconductor and electronics manufacturers find defects, measure tiny features and improve production yields. Its process control systems inspect wafers and analyze manufacturing data so engineers can identify problems before they spread through a production run. The product portfolio supports chip fabrication, packaging and printed circuit boards, with tools that check materials and finished components throughout manufacturing. KLA earns revenue from equipment sales and related service contracts, including maintenance that keeps customers' installed tools operating reliably. Formed through a merger in 1997, KLA is headquartered in Milpitas, California.

Company Size

10,001+

Company Stage

IPO

Headquarters

Milpitas, California

Founded

1997

Get referred to KLA

See people who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • Commercial scale is substantial: KLA reported $13.58 billion revenue for the fiscal year ending June 2026.
  • Cash generation supports resilience: KLA produced $3.77 billion free cash flow in the year ending June 2026.
  • Engineers learn across disciplines: KLA describes physicists, engineers and data scientists working together on instrument development.

What critics are saying

  • Geography concentrates exposure: China shipments generated 29.8% of KLA's revenue in the fiscal year ending June 2026.
  • Staffing faces chip-cycle risk: KLA's filing describes workforce reductions among responses to semiconductor spending downturns.
  • Technical progress takes patience: KLA's careers page says some engineering challenges take years to solve.

What makes KLA unique

  • It checks chip templates before printing: KLA's Teron systems inspect optical and extreme-ultraviolet masks for defects.
  • It fixes circuit patterns: KLA's Orbotech Precise removes excess copper and completes missing copper on boards.
  • Mask temperatures get their own instrument: KLA's MaskTemp verifies thermal stability before electron-beam pattern writing.

Help us improve and share your feedback! Did you find this helpful?

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • 401(k) Retirement Plan
  • 401(k) Company Match
  • Employee Stock Purchase Plan
  • Student Loan Assistance
  • Tuition Reimbursement
  • Wellness Program
  • Mental Health Support
  • Paid Vacation

Growth & Insights and Company News

6 month growth

17%

1 year growth

19%

2 year growth

19%
Yahoo Finance
Oct 26th, 2026
KLA bull case: $13.6B revenue and AI demand meet a premium valuation versus AMAT and LRCX

KLA Corporation, which makes chip inspection and measurement tools, is drawing a bullish case built on rising semiconductor complexity and AI-driven demand. Fiscal 2026 revenue rose 11.7% to $13.6 billion, with free cash flow of $3.8 billion and a 35.6% net margin. KLAC shares gained 19.83% over the past 12 months, trailing Applied Materials at 63.07% and Lam Research at 46.65%. Its forward price-to-earnings ratio is 26.95, above the three peers' 21.14, 24.88 and 16.84. Analysts' average price target is about $233.77, with individual targets from $175 to $325. Hedge fund holders rose to 81 from 71. Risks include a chip spending slowdown, US export limits on sales to China, and costly product development.

Yahoo Finance
Oct 26th, 2026
KLA beat the S&P 500 four years running, but is it skill? 23 of 485 stocks did the same

KLA Corp, which sells chipmaking tools, has beaten the S&P 500 in each of the last four years. Only 23 of 485 large US stocks measured did the same. Luck alone would produce about 12 such streaks, so the record happens more often than chance predicts. Share price alone cannot show which companies owe it to better management. KLA's net income grew 47.3% over the four years while its stock rose 453.2%. Profit fell in the twelve months to September 2023 and again to September 2024, yet the stock still beat the index. On its July 28, 2026 call, management expected advanced packaging process control revenue to grow more than 70% in calendar 2026. The next earnings report, due in October 2026, will show whether profit growth holds.

Yahoo Finance
Oct 21st, 2026
At least 16 US trucking firms file for bankruptcy in five weeks, led by $2.3M Illinois carrier

At least 16 US trucking companies filed for bankruptcy protection between September 18 and October 21, according to a FreightWaves review of federal records. The filings cover general freight, petroleum transport, and logging, and range from single-truck operators to carriers with dozens of trucks. Chicago-based Midwest Expedited Co. filed for Chapter 11 on October 6, reporting about $2.31 million in liabilities against $108,351 in assets. In El Paso, Texas, Site2Site Transport filed for Chapter 7 liquidation after revenue fell about 24%, from $2.1 million in 2024 to $1.6 million in 2025. Among the larger filers, KLS Logging of Georgia lists 53 power units and 28 drivers. Texas-based American Petroleum Carriers lists 16 trucks and 10 drivers.

Yahoo Finance
Oct 13th, 2026
KLA packaging sales to hit $1.1B in 2026, up 70%, as AI demand lifts the stock

KLA expects about $1.1 billion in revenue from packaging process control systems in calendar 2026, up more than 70% from a year earlier. Management raised the forecast on its fiscal Q4 2026 call on July 28, 2026, from an earlier high-50% growth estimate. Management links the demand to AI, which requires new, complex packaging steps. Customers adopting methods such as hybrid bonding are buying more inspection tools. Packaging remains a small part of KLA, which had $13.6 billion in sales over the last twelve months. Fiscal Q4 revenue hit a record $3.66 billion, with gross margin of 62.4%. The company guided to $4 billion for the September quarter, plus or minus $200 million. Higher memory component costs and long lead times of 12 to 24 months could limit output. The stock trades at 51.4 times earnings, against 21.9 for the S&P 500.

Yahoo Finance
Oct 13th, 2026
Two cash-rich stocks to hold for decades, KLA and AutoZone, and one to avoid, Herbalife

StockStory named two cash-generating stocks to hold long term and one to avoid, arguing that strong cash flow alone does not make a good investment. It likes KLA Corporation (NASDAQ:KLAC), a maker of equipment that measures and inspects semiconductor chips. Its trailing 12-month free cash flow margin is 27.7%, annual revenue growth over five years was 14.4%, and operating margin is 40.6%. The shares trade at $188.88, or 35.6x forward earnings. It also backs AutoZone (NYSE:AZO), an auto parts retailer with a free cash flow margin of 8.9% and an operating margin of 18.7%. Same-store sales grew an average of 3.4% over two years, and the shares trade at $2,900, or 17.4x forward earnings. It advises avoiding Herbalife (NYSE:HLF), with a 6.2% free cash flow margin. Organic revenue has disappointed, expected sales growth is 2.1%, and earnings per share fell 8.3% annually over three years.