Overview

• Semiconductor equipment maker's fiscal Q2 revenue beat analysts' expectations

• GAAP and non-GAAP EPS for fiscal Q2 exceeded midpoints of company's guidance

• Company highlighted strong performance in process control and AI infrastructure

Outlook

• KLA expects Q3 fiscal 2026 revenue between $3.35 bln +/- $150 mln

• Company anticipates Q3 fiscal 2026 GAAP EPS of $8.85 +/- $0.78

• KLA sees Q3 fiscal 2026 non-GAAP EPS of $9.08 +/- $0.78

Result Drivers

• PRODUCT PORTFOLIO - KLA's differentiated product portfolio and strong execution drove record revenue and free cash flow

• AI INFRASTRUCTURE - KLA benefits from AI infrastructure buildout across major growth vectors, including foundry/logic and memory

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 12 "hold" and 1 "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 $1,550.00, about 4.7% below its January 28 closing price of $1,627.20

• The stock recently traded at 40 times the next 12-month earnings vs. a P/E of 30 three months ago

Press Release: ID:nPn7LJ3wQa

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