Core Insights - KLA Corporation (KLAC) shares fell 15.1% following the release of second-quarter fiscal 2026 results due to disappointing guidance and operational challenges [1] - The company anticipates third-quarter fiscal 2026 revenues of $3.35 billion (+/- $150 million), indicating a weak product mix and rising costs of DRAM chips impacting gross margins [1] - Supply constraints and negative tariff impacts are expected to create near-term headwinds for the company [1] Performance Overview - KLA shares have increased by 90.6% over the past 12 months, significantly outperforming the Zacks Computer and Technology sector's return of 23.1% and the Zacks Electronics-Miscellaneous Products industry's growth of 37.4% [2] - The company has outperformed competitors such as Applied Materials (81.9%), ASML Holding (87%), and Axcelis Technologies (48.1%) during the same period [3] Growth Drivers - KLA is experiencing strong demand for advanced packaging, with revenues expected to grow in the mid-to-high teens year-over-year in 2026, driven by AI demand [6][9] - The core WFE market is projected to grow in the high single to low double digits in 2026, reaching approximately $120 billion, with advanced packaging contributing to a total market forecast in the mid-$130 billion range [10] Earnings Estimates - The Zacks Consensus Estimate for fiscal 2026 earnings is $36.58 per share, reflecting a 9.9% increase from 2025 [11] - For the third quarter of fiscal 2026, earnings are estimated at $9.12 per share, indicating an 8.4% growth year-over-year, with revenues expected to reach $3.37 billion, a 9.9% increase from the previous year [12] Valuation Metrics - KLA shares are currently trading at a premium, with a forward 12-month price-to-earnings (P/E) ratio of 33.83, higher than the broader sector average of 26.08 [13] - The stock is technically positioned above the 50-day and 200-day moving averages, indicating a bullish trend [16] Investment Recommendation - Despite the recent dip in share price, KLA is recommended as a buy due to strong demand for advanced packaging and robust AI investments, which justify its premium valuation [19]

KLA Corporation (NASDAQ:KLAC) is one of the 13 Best Extremely Profitable Stocks to Invest in Now. Citi Remains Bullish on KLA (KLAC) Amid Persistent Phase 2 Upcycle in Wafer Fab Equipment and Potential Upside On January 30, 2026, KLA Corporation (NASDAQ:KLAC) attracted increased attention from analysts when Citi increased its price target from $1,450 to $1,800 while reiterating a ‘Buy’ rating. The bullish analyst stance comes amid a persistent Phase 2 upcycle in wafer fab equipment and potential upside a ...

Key Takeaways Micron Technology is a momentum pick despite a sharp one-week pullback after strong yearly gains.Lam Research fits the momentum anomaly screen, pairing strong 52-week gains with a short-term decline.KLA Corporation has surged over the past year but has retreated sharply amid market volatility.The broader U.S. equity markets witnessed a downtrend over the past three trading days on the trot, as investors began to look beyond the technology sector with an intensified sell-off. Several blue-chip ...

Core Insights - The Japanese semiconductor manufacturing equipment market is projected to grow by 14% to 5.59 trillion yen in 2025, marking the first time sales exceed 5 trillion yen and reflecting a robust growth trend in the global semiconductor equipment industry [1] - The growth is driven by two main factors: the explosion of AI chip demand and the recovery of the storage supercycle [2] Group 1: Semiconductor Equipment Market Growth - Japan's semiconductor equipment market is the second largest globally, with a market share of approximately 30% [1] - The sales forecast for 2025 significantly surpasses the 2024 figure of 4.44 trillion yen, indicating strong momentum in the sector [1] - Major semiconductor equipment manufacturers like ASML, Lam Research, KLA, and DISCO have reported strong financial results, highlighting the industry's growth potential [1] Group 2: AI and Storage Demand - The demand for semiconductor equipment is primarily driven by advancements in AI chips and a resurgence in storage technology [2] - The performance enhancement of chips relies on two main technological paths: advancing process technology (e.g., 3nm, 2nm) and adopting complex packaging techniques [3] - The competition among industry giants like TSMC, Intel, and Samsung for advanced nodes is translating into a rigid demand for high-end semiconductor equipment [3] Group 3: Financial Performance of Key Players - ASML reported a net sales increase of 4.92% year-on-year for Q4 2025, with logic orders reaching 5.8 billion euros, reflecting seasonal demand fluctuations [4] - Lam Research achieved record revenue of $20.6 billion in 2025, a 27% increase year-on-year, driven by strong market demand [6] - KLA's revenue for Q2 FY2026 reached $3.3 billion, exceeding market expectations, supported by robust demand for inspection equipment [13] Group 4: Equipment Demand Dynamics - The demand for advanced semiconductor equipment is expected to continue growing, driven by AI technology and the ongoing evolution of storage technologies [18][19] - The structure of orders is shifting, with storage orders now accounting for 56% of ASML's new orders, surpassing logic orders for the first time [19] - The transition to advanced DRAM architectures and NAND stacking technologies is expected to further increase the demand for high-end equipment [21][22] Group 5: Capital Expenditure Trends - Major semiconductor manufacturers are significantly increasing their capital expenditures, with TSMC planning to invest $52-56 billion in 2026, a 28-37% increase year-on-year [26] - Micron and SK Hynix are also ramping up their capital expenditures, focusing on HBM and advanced DRAM production lines [27] - The overall capital expenditure growth for storage manufacturers is projected to be around 40% in 2026, indicating a strong demand for semiconductor equipment [27] Group 6: Future Outlook - The semiconductor equipment market is expected to maintain high growth rates, with ASML projecting revenues between €34 billion and €39 billion for FY 2026 [29] - The introduction of High-NA EUV technology is anticipated to drive significant growth in the coming years, particularly as the industry moves towards 2nm and below processes [32] - The ongoing AI-driven demand and technological advancements are expected to support a long-term growth cycle in the semiconductor equipment industry [33]

公众号记得加星标⭐️，第一时间看推送不会错过。 近日，日本半导体制造装置协会 (SEAJ) 最新统计数据显示，2025年日本制芯片设备销售额 年增14%至5.59万亿日元，连续2年呈现增长且年销售额首度冲破5万亿日元大关，远超2024 年的4.44万亿日元。 作为仅次于美国的第二大半导体设备市场，日本全球市占率达30%左右，其市场的高速增长 不仅彰显了自身的强劲势头，更折射出全球半导体设备行业的蓬勃生机。 近期，ASML、泛林集团（Lam Research）、科磊（KLA）、DISCO等多家半导体设备厂商 陆续发布财报。作为半导体产业链上游环节，AI淘金热中最确定的"卖铲人"，从这些设备厂 商的财报数据和言论中，是否能洞察到行业的发展脉络、未来趋势以及当前值得关注的核心 话题。 AI与存储，双管齐下 无论是光刻、刻蚀、检测还是切割研磨，半导体设备的需求背后，始终是下游芯片产品的技术迭代与产能 扩张。当前，推动设备市场增长的两大核心动力清晰可见：AI芯片的爆发与存储超级周期的复苏。 ASML财报数据 从全年表现来看，逻辑芯片业务贡献了ASML系统收入的66%，这一占比充分反映出台积电、三星、 英特尔等大厂在先进 ...

Market Overview - U.S. stock markets began 2026 positively, with major indexes like the Dow, S&P 500, and Nasdaq Composite rising by 1.7%, 1.4%, and 1% respectively in January, while the Russell 2000 increased by over 5% [2] Investment Opportunities - Five stocks with favorable Zacks Rank and momentum for February include Amphenol Corp. (APH), Seagate Technology Holdings plc (STX), Ulta Beauty Inc. (ULTA), Coeur Mining Inc. (CDE), and KLA Corp. (KLAC), all rated as Zacks Rank 1 (Strong Buy) with a Momentum Score of A [3] Amphenol Corp. (APH) - Amphenol benefits from a diversified business model and holds a 33% market share in AI-powered data center interconnects, with strong demand for high-speed and power interconnect products [5][6] - Increased spending on defense technologies and strong demand across Commercial Air, Industrial, and IT Datacom sectors support top-line growth [6] - Expected revenue and earnings growth rates for the current year are 24.1% and 30.2% respectively, with a 1.2% improvement in earnings estimates over the last week [9] Seagate Technology Holdings plc (STX) - Seagate is experiencing strong demand driven by cloud and AI, with a focus on balancing performance and cost efficiency [10] - High-capacity nearline production is booked through 2026, ensuring strong demand visibility [11] - Expected revenue and earnings growth rates for the current year are 24.6% and 52.6% respectively, with a 6.5% improvement in earnings estimates over the last week [14] Ulta Beauty Inc. (ULTA) - Ulta's retail model combines mass, prestige, and luxury beauty, driving consistent customer engagement [15] - Strong loyalty programs and digital capabilities enhance customer relationships and repeat purchases [16] - Expected revenue and earnings growth rates for the current year are 6.1% and 11.4% respectively, with a slight improvement in earnings estimates [18] Coeur Mining Inc. (CDE) - Coeur Mining is a primary silver and gold producer with operations in the Americas, including key properties in Mexico, Bolivia, Nevada, and Alaska [19] - Expected revenue and earnings growth rates for the current year are 30.2% and over 100% respectively, with a 10.6% improvement in earnings estimates over the last month [20] KLA Corp. (KLAC) - KLA is benefiting from strong demand in the semiconductor industry, particularly in AI infrastructure and advanced packaging [21] - The company’s leadership in process control systems supports revenue growth amid increasing design complexity [22] - Expected revenue and earnings growth rates for the current year are 7.92% and 8.8% respectively, with a 1.2% improvement in earnings estimates over the last week [23]

We came across a bullish thesis on KLA Corporation on Arya’s Substack by Arya. In this article, we will summarize the bulls’ thesis on KLAC. KLA Corporation's share was trading at $1,427.94 as of January 30th. KLAC’s trailing and forward P/E were 41.57 and 39.22 respectively according to Yahoo Finance. electronics-6055226_1280 KLA Corporation, together with its subsidiaries, designs, manufactures, and markets process control, process-enabling, and yield management solutions for the semiconductor and rel ...

Core Viewpoint - KLA Inc. (NASDAQ:KLAC) has experienced a recent stock price decrease of 1.53%, but has shown a monthly increase of 2.36% and a significant annual increase of 90.56%, raising questions about its valuation despite current performance issues [1]. Group 1: Stock Performance - The current stock price of KLA is $1406.03, reflecting a decrease of 1.53% in the current market session [1]. - Over the past month, KLA's stock has increased by 2.36% [1]. - In the past year, the stock has appreciated by 90.56% [1]. Group 2: Valuation Metrics - KLA has a lower P/E ratio compared to the aggregate P/E of 55.48 for the Semiconductors & Semiconductor Equipment industry [4]. - A lower P/E ratio may suggest that shareholders do not expect the stock to outperform in the future, or it could indicate that the company is undervalued [3][4].

Market Overview - Global stock markets experienced a "collective retreat" with the S&P 500 futures indicating a fourth consecutive day of decline for U.S. stocks [2][27] - As of the latest update, Dow futures fell by 0.09%, S&P 500 futures dropped by 0.38%, and Nasdaq futures decreased by 0.66% [3][28] - Asian markets faced heavier declines, with the South Korean Kospi index plummeting by 5.3%, triggering a temporary trading halt [3][28] Commodity Market Volatility - Extreme volatility in the commodity market remains a focal point, with gold prices initially dropping by 10% before narrowing losses, and silver prices falling by 16% before recovering most of the decline [5][30] - The Chicago Mercantile Exchange raised margin requirements for precious metals futures, increasing holding costs for traders, which typically pressures prices and trading activity [5][30][31][32] Federal Reserve Leadership Impact - The nomination of Kevin Walsh as the next Federal Reserve Chair is shifting market expectations towards "less/fewer rate cuts," impacting precious metals prices [12][37] - Analysts suggest that Walsh's past criticisms of the Fed and focus on price stability may lead to a reassessment of the dollar's depreciation narrative, contributing to the recent drop in gold, silver, and copper prices [12][37] Upcoming Economic Data and Earnings Reports - Investors are focusing on the upcoming U.S. non-farm payroll report, expected to show an increase of 68,000 jobs, the largest gain in four months, scheduled for release on Friday [12][41] - A busy earnings week is anticipated, with major companies like Google and Amazon set to report their quarterly results [41][42] Individual Stock Movements - Energy stocks are experiencing pre-market declines, with Occidental Petroleum down 3.1% and ConocoPhillips down 2.6% [43] - Rare earth stocks surged in pre-market trading following President Trump's announcement of a $12 billion mineral reserve initiative [43] - Disney shares rose by 4% in pre-market trading after reporting quarterly revenue that exceeded expectations [44]

花旗集团将科磊目标价从1450美元上调至1800美元。 ...