K

KLA

Makes chip inspection and measurement equipment

Applications Engineer Intern

InternshipUpdated on 10/15/2026
No salary listed
Bachelor's, Master's
Milpitas, CA, USA
In Person
Solution Engineering
Company Historically Provides H1B Sponsorship

About the job

Requirements
  • A Bachelor's or Master's degree in Physics, Electrical Engineering, Materials Science, or a related field is required.
  • Strong analytical and problem-solving skills are required.
  • Excellent written and verbal communication skills are required.
  • Ability to work independently and in a team environment is required.
Responsibilities
  • Assist in the development and release of advanced Film/OCD Metrology products.
  • Develop a deep understanding of customer applications and use cases.
  • Translate customer challenges into actionable problem statements.
  • Design and execute data collection plans to support product development and troubleshooting.
  • Analyze data and recommend corrective actions or design improvements.
  • Communicate through oral presentations, written reports, meeting minutes, and project summaries.
  • Collaborate cross-functionally with engineering, applications, and customer support teams.
Desired Qualifications
  • Experience in semiconductor metrology or related technologies.
  • Familiarity with thin film/OCD characterization techniques.
  • Prior experience working with customers or in a customer-facing role.

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

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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.

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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

Paid Holidays

Parental Leave

Growth & Insights and Company News

Headcount

6 month growth

19%

1 year growth

19%

2 year growth

19%
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.

Yahoo Finance
Oct 9th, 2026
KLA stock surged 74% on AI chip demand despite cautious outlook and slowing growth

KLA stock returned 73.6% over the twelve months to October 2026, driven by semiconductor makers' spending on chips for artificial intelligence. The earliest signal emerged on 24 July 2024, when executives noted the business had transitioned from stabilising to growing again. Financial results validated this claim. Revenue growth accelerated from 9.1% in fiscal Q4 2024 to 29.8% in fiscal Q3 2025, whilst operating margin widened from 38.0% to 42.5%. The connection to artificial intelligence became public on 30 April 2025, when KLA forecast revenue above Wall Street estimates. The stock run occurred whilst top-line expansion trailed fiscal 2025's pace. For fiscal Q4 2026, KLA reported record revenue of $3.66 billion, up 15% year-over-year, below the 29.8% growth achieved in fiscal Q3 2025.

Yahoo Finance
Oct 1st, 2026
Chip equipment makers eye $229B windfall as AI drives 2nm expansion

Global chip equipment sales are forecast to reach a record $229.5 billion in 2028, according to industry trade group SEMI. Four companies dominate different stages of chipmaking: ASML makes lithography machines that print circuit patterns, Applied Materials and Lam Research produce tools that deposit and carve chip layers, whilst KLA specialises in inspection equipment. ASML holds a monopoly on extreme ultraviolet machines used for advanced chips, capturing roughly a quarter of chipmaker capital spending. Applied Materials trades at about 29 times forward earnings, the cheapest of the four. Lam recently posted its highest gross margin in 20 years. KLA trades at approximately 36 times forward earnings, the priciest valuation in the group. All four companies hold Strong Buy or Buy ratings from analysts.

PR Newswire
Jul 28th, 2026
KLA reports Q4 revenue of $3.66B, forecasts Q1 revenue of $4B as AI infrastructure drives demand

KLA Corporation reported fourth quarter fiscal 2026 revenues of $3.66 billion, above the midpoint of guidance. GAAP diluted earnings per share came in at $1.04, whilst non-GAAP diluted EPS reached $1.05, both at the upper end of guidance. For the full fiscal year ended 30 June 2026, the semiconductor equipment manufacturer posted revenues of $13.58 billion and GAAP diluted EPS of $3.66. Operating cash flow for the year totalled $4.14 billion, with free cash flow of $3.77 billion. The company returned $3.35 billion to shareholders during fiscal 2026 through dividends and share repurchases. KLA completed a ten-for-one stock split on 11 June 2026. For the first quarter of fiscal 2027, KLA expects revenues of $4.0 billion, plus or minus $200 million, with non-GAAP diluted EPS projected at $1.16, plus or minus $0.10.