Overview

• KLA fiscal Q1 rev grows to $3.21 bln, beating analyst expectations

• GAAP and non-GAAP EPS for fiscal Q1 exceed guidance midpoints

• Company positioned to benefit from AI infrastructure developments

Outlook

• KLA expects Q2 FY2026 revenue between $3.225 bln +/- $150 mln

• KLA forecasts Q2 FY2026 GAAP gross margin of 60.8% +/- 1.0%

• KLA anticipates Q2 FY2026 non-GAAP EPS of $8.70 +/- $0.78

Result Drivers

• AI INFRASTRUCTURE - KLA benefits from AI infrastructure buildout, enhancing growth prospects in high-performance computing

• DOUBLE-DIGIT GROWTH - KLA reports double-digit year-over-year revenue and EPS growth, exceeding guidance midpoints

• INDUSTRY POSITIONING - KLA's portfolio addresses challenges in leading-edge foundry, logic, memory, and advanced packaging markets

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 16 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the semiconductor equipment & testing peer group is "buy"

• Wall Street's median 12-month price target for KLA Corp is $1,096.50, about 10% below its October 28 closing price of $1,206.04

• The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 27 three months ago

Press Release: ID:nPn451Wj2a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)