半导体设备与材料、减肥药概念股跌幅居前，诺和诺德跌近6%，科磊跌近5%，阿斯麦跌超3%，礼来、 辉瑞跌超2%。设计软件巨头Figma上市首日上涨256%。 格隆汇8月1日｜美股三大指数集体收跌，道指跌0.74%，纳指跌0.03%，标普500指数跌0.37%，热门科 技股涨跌不一，Meta涨超11%，微软涨3.95%，亚马逊涨1.70%，特斯拉跌3.38%，谷歌A跌2.36%，英伟 达跌0.78%，苹果跌0.71%，礼来制药跌2.63%，AMD跌1.78%，伯克希尔哈撒韦B类股跌0.87%。 纳斯达克中国金龙指数收涨0.66%，热门中概股多数上涨，蔚来涨近8%，金山云涨超5%，阿里巴巴、 哔哩哔哩、百度涨超2%，理想汽车跌超1%，名创优品跌超4%。 ...

Company Performance - KLA reported quarterly earnings of $9.38 per share, exceeding the Zacks Consensus Estimate of $8.53 per share, and up from $6.6 per share a year ago, representing an earnings surprise of +9.96% [1] - The company posted revenues of $3.17 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 3.21%, and up from $2.57 billion year-over-year [2] - KLA has consistently surpassed consensus EPS estimates and revenue estimates over the last four quarters [2] Stock Performance - KLA shares have increased approximately 46.8% since the beginning of the year, significantly outperforming the S&P 500's gain of 8.2% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $8.15 on revenues of $3.05 billion, and for the current fiscal year, it is $33.16 on revenues of $12.38 billion [7] - The outlook for the industry, particularly the Electronics - Miscellaneous Products sector, is favorable, ranking in the top 34% of over 250 Zacks industries [8]

Financial Data and Key Metrics Changes - KLA reported revenue of $3,175,000,000 for the quarter, representing a 24% year-over-year growth [6][10] - Non-GAAP diluted EPS was $9.38, while GAAP diluted EPS was $9.06, both at or above the high end of guidance [6][12] - Free cash flow reached a record of over $1,000,000,000 for the quarter, totaling $1,065,000,000 [11] - Gross margin was 63.2%, slightly above the midpoint of guidance [13] - Operating margin stood at 44.2% [13] Business Line Data and Key Metrics Changes - Advanced Packaging Systems revenue is expected to exceed $925,000,000 in calendar 2025, up from a previous estimate of $850,000,000 [10] - Services revenue grew to $703,000,000 in the quarter, up 5% sequentially and 14% year-over-year [10] - The process control systems business, particularly inspection, saw a 50% year-to-date increase, while patterning remained flattish [36][38] Market Data and Key Metrics Changes - KLA's assessment for wafer fabrication equipment (WFE) in 2025 remains consistent with previous expectations, with mid-single-digit growth anticipated [16] - Foundry logic revenue is forecasted to be approximately 75% of semiconductor process control systems revenue, with memory expected to be about 25% [18] - DRAM is expected to account for about 79% of memory revenue, with NAND making up the remaining 21% [18] Company Strategy and Development Direction - KLA is focusing on increasing investment in leading-edge logic, high bandwidth memory, and advanced packaging to drive growth [16][22] - The company aims to capitalize on strong growth and expanded market share in critical markets for customers [9] - KLA's operating model emphasizes prioritizing and productizing new innovations in product roadmaps [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to outperform the overall WFE market in 2025, driven by strong business momentum and expanding market share opportunities [16][22] - Customer discussions indicate constructive expectations for growth in 2026, particularly in advanced logic and packaging [22] - The long-term trends driving semiconductor industry demand are compelling, presenting a relative performance opportunity for KLA [23] Other Important Information - KLA's total capital return in the quarter was $680,000,000, including $426,000,000 in share repurchases and $254,000,000 in dividends [11] - The company announced a new $5,000,000,000 share repurchase authorization [15] Q&A Session Summary Question: Insights on growth expectations for 2026 - Management is encouraged by early customer discussions indicating potential growth in 2026, driven by high-performance compute and advanced logic investments [27][28] Question: Impact of competition in China - Management stated it is too early to determine the extent of investment declines in China, but they expect some headwinds [32][33] Question: Drivers of strength in inspection business - The inspection business has seen strong growth due to supply constraints being alleviated and increased demand for advanced packaging [36][38] Question: Process control intensity in memory - Management noted that process control intensity is increasing due to the complexity of high bandwidth memory and larger die sizes [52][56] Question: Gross margin outlook - Gross margins are expected to remain around 62.5%, with ongoing assessments of tariff impacts [19][61] Question: Memory revenue expectations - Management anticipates DRAM revenue to strengthen in the December quarter compared to September [68][70] Question: Market share gains and revenue targets for 2026 - KLA is confident in its market share gains and does not require the previously assumed WFE levels to achieve its 2026 revenue targets [72][75] Question: Process control intensity correlation with lithography - Management explained that the correlation has changed due to increased design variability and the need for higher process control intensity [82][86]

Financial Data and Key Metrics Changes - KLA reported revenue of $3,175,000,000 for the quarter, representing a 24% year-over-year growth [5][8] - Non-GAAP diluted EPS was $9.38, while GAAP diluted EPS was $9.06, both at or above the high end of guidance [11][12] - Free cash flow reached a record of over $1,000,000,000 for the quarter, totaling $1,065,000,000 [10][12] - Gross margin was 63.2%, slightly above the midpoint of guidance [12][19] Business Line Data and Key Metrics Changes - Advanced Packaging revenue is expected to exceed $925,000,000 in calendar 2025, up from a previous estimate of $850,000,000 [9] - The Services segment grew to $703,000,000 in June, up 5% sequentially and 14% year-over-year [9] - The process control systems business, particularly inspection, saw a 50% year-to-date increase, while patterning remained flat [35][36] Market Data and Key Metrics Changes - KLA's assessment for wafer fabrication equipment (WFE) in 2025 remains consistent with previous expectations, with mid-single-digit growth anticipated [16][22] - Foundry logic revenue is forecasted to be approximately 75% of semiconductor process control systems revenue, with memory expected to be about 25% [18] - The company expects DRAM to account for about 79% of memory revenue, with NAND making up the remaining 21% [18] Company Strategy and Development Direction - KLA is focusing on enhancing AI capabilities, which has driven growth in the semiconductor industry through complex designs and advanced packaging [6][7] - The company aims to capitalize on strong growth and expanded market share by prioritizing innovation in product roadmaps [7][22] - KLA's strategy includes maintaining a disciplined capital allocation to maximize long-term shareholder value [10][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in outperforming the overall WFE market in 2025, driven by strong business momentum and expanding market share opportunities [16][22] - Early customer discussions indicate constructive expectations for growth in 2026, particularly in advanced logic and packaging [27][28] - The company remains cautious about geopolitical trends but is encouraged by customer engagement and technology transitions [22][22] Other Important Information - KLA announced a new $5,000,000,000 share repurchase authorization and a 12% increase in quarterly dividends [14][15] - The company maintains a flexible bond maturity profile supported by strong investment-grade ratings [13] Q&A Session Summary Question: Insights on growth expectations for 2026 - Management is optimistic about growth in 2026 based on early customer discussions, particularly in high-performance computing and advanced logic [27][28] Question: Impact of competition in China - It is too early to determine the extent of competition in China, but management expects some headwinds in investment levels [31][32] Question: Drivers of strength in inspection business - The inspection business has seen strong growth due to supply constraints being alleviated and increased demand for advanced packaging [35][36] Question: Expectations for memory revenue - Management anticipates DRAM revenue to strengthen in December compared to September, driven by timing of revenue recognition [65][66] Question: Market share gains and revenue targets for 2026 - KLA is well-positioned for market share gains, with expectations of achieving a revenue target of $14,000,000,000 for 2026 based on current growth rates [67][71]

Financial Performance Highlights - Revenue for Q4 Fiscal Year 2025 reached $3175 billion, showing a year-over-year growth of 24% and a quarter-over-quarter growth of 4%[11] - The company achieved a gross margin of 632% and an operating margin of 442%[12] - Net income for the quarter was $12 billion[12] - Non-GAAP diluted EPS stood at $938, while GAAP diluted EPS was $906[14] Revenue Breakdown - Semiconductor Process Control segment contributed $2879 billion in revenue, with a year-over-year growth of 25% and a quarter-over-quarter growth of 5%[16] - PCB and Component Inspection segment generated $142 million in revenue, showing a year-over-year growth of 17% but a quarter-over-quarter decrease of 9%[16] - Specialty Semiconductor Process segment accounted for $154 million in revenue, with a year-over-year growth of 10% but a quarter-over-quarter decrease of 9%[16] - Wafer Inspection accounted for $1772 billion in revenue, with a year-over-year growth of 52% and a quarter-over-quarter growth of 18%[19] Regional Performance - Taiwan accounted for 56% of the company's revenue[19] - China contributed 12% to the company's revenue[19] - North America accounted for 14% of the company's revenue[19] Balance Sheet and Cash Flow - The company holds a strong investment-grade balance sheet with total cash of $4495 billion[21] - Free cash flow for the June quarter was $1065 billion, resulting in a free cash flow margin of 34%[33, 34] - The company returned $6797 million to shareholders through share buybacks ($426 million) and dividends ($254 million) in the June quarter[35] Guidance for Q1 FY2026 - The company projects revenue of $315 billion +/- $150 million for the September 2025 quarter[37] - Non-GAAP gross margin is expected to be 62% +/- 1%[37] - Non-GAAP diluted EPS is forecasted at $853 +/- $077[37]

Financial Highlights and Business Outlook [Q4 & Fiscal Year 2025 Performance Summary](index=1&type=section&id=Q4%20%26%20Fiscal%20Year%202025%20Performance%20Summary) KLA reported strong financial results for the fourth quarter and full fiscal year of 2025, with significant year-over-year growth in revenue and earnings per share. The company highlighted the growing relevance of its technologies in supporting the AI infrastructure buildout and achieved a record quarterly free cash flow of over $1 billion - CEO Rick Wallace attributed the strong results to the compelling opportunity in semiconductor capital equipment, driven by the AI infrastructure buildout and innovation in foundry/logic, memory, and advanced packaging markets[3](index=3&type=chunk) - The company achieved record financial flows in Q4, with cash flow from operations at **$1.16 billion** and free cash flow reaching **$1.06 billion**, surpassing the **$1 billion** mark for the first time in a quarter[4](index=4&type=chunk) Q4 Fiscal 2025 Performance Highlights | Metric | Q4 FY 2025 | Q3 FY 2025 | Q4 FY 2024 | | :--- | :--- | :--- | :--- | | **GAAP Results** | | | | | Total Revenues | $3,175 million | $3,063 million | $2,569 million | | Net Income | $1,203 million | $1,088 million | $836 million | | Diluted EPS | $9.06 | $8.16 | $6.18 | | **Non-GAAP Results** | | | | | Net Income | $1,244 million | $1,121 million | $893 million | | Diluted EPS | $9.38 | $8.41 | $6.60 | Full Fiscal Year 2025 Performance Highlights | Metric (GAAP) | Fiscal Year 2025 | Fiscal Year 2024 | | :--- | :--- | :--- | | Total Revenues | $12.16 billion | $9.81 billion | | Net Income | $4.06 billion | $2.76 billion | | Diluted EPS | $30.37 | $20.28 | [First Quarter Fiscal 2026 Guidance](index=1&type=section&id=First%20Quarter%20Fiscal%202026%20Guidance) KLA anticipates revenues for the first quarter of fiscal 2026 to be in the range of $3.15 billion, plus or minus $150 million. The company also provided guidance for GAAP and Non-GAAP gross margin and diluted earnings per share Q1 Fiscal 2026 Guidance | Metric | Guidance Range | | :--- | :--- | | Total Revenues | $3.15 billion +/- $150 million | | GAAP Gross Margin | 60.7% +/- 1.0% | | Non-GAAP Gross Margin | 62.0% +/- 1.0% | | GAAP Diluted EPS | $8.28 +/- $0.77 | | Non-GAAP Diluted EPS | $8.53 +/- $0.77 | Consolidated Financial Statements [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2025, KLA's total assets grew to $16.07 billion from $15.43 billion in the prior year. This was accompanied by a decrease in total liabilities to $11.38 billion and a significant increase in total stockholders' equity to $4.69 billion, up from $3.37 billion year-over-year Key Balance Sheet Items (in thousands) | Account | June 30, 2025 | June 30, 2024 | | :--- | :--- | :--- | | Total current assets | $10,698,789 | $10,031,144 | | Total assets | $16,067,926 | $15,433,566 | | Total current liabilities | $4,085,795 | $4,660,774 | | Total liabilities | $11,375,473 | $12,065,238 | | Total stockholders' equity | $4,692,453 | $3,368,328 | [Condensed Consolidated Statements of Operations](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) For the fiscal year ended June 30, 2025, KLA's total revenues increased to $12.16 billion from $9.81 billion in fiscal 2024. Net income rose substantially to $4.06 billion, or $30.37 per diluted share, compared to $2.76 billion, or $20.28 per diluted share, in the previous year, reflecting strong growth in both product and service revenues Fiscal Year Performance Comparison (in thousands, except per share data) | Metric | Twelve Months Ended June 30, 2025 | Twelve Months Ended June 30, 2024 | | :--- | :--- | :--- | | Product Revenues | $9,472,854 | $7,482,679 | | Service Revenues | $2,683,308 | $2,329,568 | | **Total Revenues** | **$12,156,162** | **$9,812,247** | | Income Before Taxes | $4,644,448 | $3,190,032 | | **Net Income** | **$4,061,643** | **$2,761,896** | | **Diluted EPS** | **$30.37** | **$20.28** | Q4 Performance Comparison (in thousands, except per share data) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | | :--- | :--- | :--- | | **Total Revenues** | **$3,174,741** | **$2,568,735** | | **Net Income** | **$1,202,849** | **$836,446** | | **Diluted EPS** | **$9.06** | **$6.18** | [Condensed Consolidated Statements of Cash Flows](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) In the fourth quarter of fiscal 2025, KLA generated $1.16 billion in cash from operating activities, a notable increase from $892.6 million in the same period last year. The company utilized cash for investing activities, including capital expenditures and securities purchases, and for financing activities, primarily through $425.7 million in stock repurchases and $254.0 million in dividend payments - Key financing activities in Q4 FY2025 included common stock repurchases of **$425.7 million** and dividend payments of **$254.0 million**[11](index=11&type=chunk) Q4 Cash Flow Summary (in thousands) | Cash Flow Activity | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $1,164,991 | $892,615 | | Net cash used in investing activities | ($325,345) | ($138,792) | | Net cash used in financing activities | ($629,813) | ($618,861) | | Net increase in cash and cash equivalents | $220,886 | $128,962 | Supplemental Financial Information [Segment Information](index=6&type=section&id=Segment%20Information) The Semiconductor Process Control segment continues to be the primary revenue driver for KLA, contributing $10.95 billion in fiscal year 2025, up from $8.73 billion in the prior year. The Specialty Semiconductor Process and PCB, Display and Component Inspection segments also experienced year-over-year revenue growth Revenues by Reportable Segment (in thousands) | Segment | Twelve Months Ended June 30, 2025 | Twelve Months Ended June 30, 2024 | | :--- | :--- | :--- | | Semiconductor Process Control | $10,947,359 | $8,733,556 | | Specialty Semiconductor Process | $587,107 | $528,701 | | PCB and Component Inspection | $621,721 | $552,491 | | **Total Segment Revenues** | **$12,156,187** | **$9,814,748** | [Reconciliation of GAAP to Non-GAAP Financial Measures](index=6&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Financial%20Measures) KLA provides non-GAAP financial measures to offer investors insight into its core operating performance by excluding items such as acquisition-related charges, restructuring costs, and asset impairments. This section details the reconciliation of GAAP net income, EPS, and gross margin to their non-GAAP counterparts, as well as calculations for free cash flow and capital returns - The company presents non-GAAP information to enhance understanding of financial and business trends by excluding certain costs and expenses not indicative of core operating results, such as acquisition-related charges, restructuring, and goodwill impairment[19](index=19&type=chunk) [Net Income and EPS Reconciliation](index=6&type=section&id=Net%20Income%20and%20EPS%20Reconciliation) For Q4 FY2025, KLA's GAAP net income of $1.20 billion reconciles to a non-GAAP net income of $1.24 billion. This adjustment primarily reflects the exclusion of acquisition-related charges. Consequently, non-GAAP diluted EPS was $9.38, compared to GAAP diluted EPS of $9.06 GAAP to Non-GAAP Net Income Reconciliation (in thousands) | Description | Q4 FY 2025 | Q4 FY 2024 | | :--- | :--- | :--- | | GAAP net income | $1,202,849 | $836,446 | | Acquisition-related charges | $50,677 | $58,777 | | Restructuring, severance, etc. | $2,133 | $17,721 | | Tax effects & discrete items | ($11,237) | ($20,135) | | **Non-GAAP net income** | **$1,244,422** | **$892,809** | GAAP to Non-GAAP Diluted EPS Reconciliation | Description | Q4 FY 2025 | Q4 FY 2024 | | :--- | :--- | :--- | | GAAP net income per diluted share | $9.06 | $6.18 | | **Non-GAAP net income per diluted share** | **$9.38** | **$6.60** | [Free Cash Flow and Capital Returns](index=7&type=section&id=Free%20Cash%20Flow%20and%20Capital%20Returns) In Q4 FY2025, KLA generated $1.06 billion in free cash flow, calculated from $1.16 billion in operating cash flow less $100.4 million in capital expenditures. The company returned $679.7 million to shareholders during the quarter through dividends and stock repurchases Free Cash Flow Reconciliation (in thousands) | Description | Q4 FY 2025 | FY 2025 | | :--- | :--- | :--- | | Net cash provided by operating activities | $1,164,991 | $4,081,903 | | Capital expenditures | ($100,408) | ($335,259) | | **Free cash flow** | **$1,064,583** | **$3,746,644** | Capital Returns (in thousands) | Description | Q4 FY 2025 | FY 2025 | | :--- | :--- | :--- | | Payments of dividends to stockholders | $253,965 | $904,594 | | Common stock repurchases | $425,697 | $2,149,946 | | **Capital returns** | **$679,662** | **$3,054,540** | [Guidance Reconciliation](index=7&type=section&id=Guidance%20Reconciliation) For its Q1 FY2026 guidance, KLA provides reconciliations for EPS and gross margin. The projected GAAP diluted EPS of $7.51-$9.05 is adjusted to a non-GAAP range of $7.76-$9.30. The GAAP gross margin guidance of 59.7%-61.7% is adjusted to a non-GAAP range of 61.0%-63.0%, primarily due to acquisition-related charges Q1 FY2026 GAAP to Non-GAAP Diluted EPS Guidance Reconciliation | Description | Low | High | | :--- | :--- | :--- | | GAAP net income per diluted share | $7.51 | $9.05 | | Adjustments (Acquisition, Restructuring, Tax) | $0.25 | $0.25 | | **Non-GAAP net income per diluted share** | **$7.76** | **$9.30** | Q1 FY2026 GAAP to Non-GAAP Gross Margin Guidance Reconciliation | Description | Low | High | | :--- | :--- | | GAAP gross margin | 59.7% | 61.7% | | Acquisition-related charges | 1.3% | 1.3% | | **Non-GAAP gross margin** | **61.0%** | **63.0%** | Notes and Disclosures [Forward-Looking Statements](index=2&type=section&id=Forward-Looking%20Statements) This section contains a standard safe harbor provision, cautioning that forward-looking statements, including financial guidance, are subject to numerous risks and uncertainties. It outlines various factors that could cause actual results to differ materially, such as global economic conditions, trade restrictions, industry cyclicality, and cybersecurity threats - The company's forward-looking statements, including its Q1 FY2026 guidance, are based on current expectations and are subject to a number of risks that could cause actual results to differ materially[8](index=8&type=chunk) - Identified risks include weakening financial markets, international trade restrictions (particularly with China), intellectual property disputes, cybersecurity threats, and the cyclical nature of the semiconductor industry[8](index=8&type=chunk) [Use of Non-GAAP Financial Information](index=8&type=section&id=Use%20of%20Non-GAAP%20Financial%20Information) KLA explains its rationale for using non-GAAP financial measures, stating they provide a clearer view of core operational performance for both management and investors. The report details the specific adjustments made, such as excluding amortization of acquired intangible assets, restructuring charges, goodwill impairments, and their related tax effects - Non-GAAP financial information is provided to supplement GAAP results and enhance the user's understanding of the company's operating performance and future prospects[19](index=19&type=chunk) - Specific adjustments to reconcile GAAP to non-GAAP results include acquisition-related charges (e.g., amortization of intangible assets), restructuring and severance costs, impairment of goodwill, and the income tax effects of these adjustments[19](index=19&type=chunk)

Core Insights - KLA Corporation reported strong financial results for the fourth quarter and fiscal year ended June 30, 2025, with a GAAP net income of $1.20 billion and total revenues of $3.175 billion for the quarter, and a fiscal year net income of $4.06 billion on revenues of $12.16 billion [1][2][3]. Financial Performance - For Q4 FY 2025, total revenues were $3,175 million, an increase from $3,063 million in Q3 FY 2025 and $2,569 million in Q4 FY 2024 [3]. - GAAP net income for Q4 FY 2025 was $1,203 million, compared to $1,088 million in Q3 FY 2025 and $836 million in Q4 FY 2024 [3]. - GAAP diluted earnings per share (EPS) for Q4 FY 2025 was $9.06, up from $8.16 in Q3 FY 2025 and $6.18 in Q4 FY 2024 [3]. - Non-GAAP net income for Q4 FY 2025 was $1,244 million, with a non-GAAP diluted EPS of $9.38, both showing significant increases from the previous year [4][16]. Cash Flow and Capital Returns - KLA generated record quarterly free cash flow of $1.06 billion for Q4 FY 2025, contributing to a total free cash flow of $3.75 billion for the fiscal year [8][16]. - Capital returns for Q4 FY 2025 amounted to $679.7 million, with total capital returns for the fiscal year reaching $3.05 billion [8][16]. Segment Performance - The Semiconductor Process Control segment generated revenues of $2,877,647 thousand for Q4 FY 2025, up from $2,307,994 thousand in Q4 FY 2024 [15]. - Specialty Semiconductor Process and PCB and Component Inspection segments also showed growth, contributing to the overall revenue increase [15]. Guidance for Future Performance - For the first quarter of fiscal 2026, KLA expects total revenues to be in the range of $3.15 billion +/- $150 million, with GAAP diluted EPS projected between $8.28 and $9.05 [9][18].

Company Overview - Couchbase, Inc. is part of the Computer and Technology sector, which includes 605 individual stocks and holds a Zacks Sector Rank of 5 [2] - The company currently has a Zacks Rank of 2 (Buy), indicating a favorable outlook based on earnings estimate revisions [3] Performance Metrics - Over the past 90 days, the Zacks Consensus Estimate for Couchbase's full-year earnings has increased by 7.5%, reflecting stronger analyst sentiment and an improving earnings outlook [4] - Year-to-date, Couchbase, Inc. has returned approximately 55.7%, significantly outperforming the average gain of 11.2% for Computer and Technology stocks [4] Industry Comparison - Couchbase belongs to the Internet - Software industry, which consists of 173 stocks and is currently ranked 72 in the Zacks Industry Rank; this industry has gained about 15.7% year-to-date, indicating Couchbase's superior performance [6] - In contrast, KLA, another outperforming stock in the Computer and Technology sector, is part of the Electronics - Miscellaneous Products industry, which has a lower year-to-date gain of 14.7% and is ranked 81 [6] Future Outlook - Investors interested in Computer and Technology stocks should monitor Couchbase, Inc. and KLA for potential continued strong performance [7]

Core Insights - KLA Corporation (KLAC) is expected to report its fourth-quarter fiscal 2025 results on July 31, with projected revenues of $3.075 billion, indicating a year-over-year increase of 19.75% [1][10] - The company anticipates non-GAAP earnings of $8.53 per share, reflecting a year-over-year growth of 29.24% [2][10] - KLA has consistently surpassed earnings estimates in the past four quarters, with an average surprise of 5.81% [2] Revenue and Earnings Expectations - The Zacks Consensus Estimate for KLA's revenues is $3.08 billion, which is within the company's guidance range [1] - The expected earnings per share (EPS) of $8.53 is unchanged over the past 30 days, indicating stability in earnings expectations [2] Business Segment Performance - KLA's advanced packaging business is projected to grow significantly, with revenues expected to rise from over $500 million in 2024 to an anticipated $850 million in 2025, driven by increased complexity in chip integration and AI infrastructure [3] - Strong spending on leading-edge logic nodes and high-bandwidth memory technologies supports KLA's position in the wafer fabrication equipment sector [4] Market Drivers - Artificial intelligence (AI) advancements are a key catalyst for KLA, driving demand for advanced semiconductors and process control solutions [5] - The Services division reported $669 million in revenues for the third quarter, marking a 13.3% year-over-year increase, although export restrictions and tariffs may pose challenges [6] Margin and Profitability Concerns - Tariff implementations are expected to compress gross margins by approximately 100 basis points in the upcoming quarter, particularly affecting service operations [7] - KLA's effective tax rate has risen to around 14% due to global tax reforms, which may negatively impact profitability [7] Earnings Outlook - KLA currently has an Earnings ESP of 0.00% and a Zacks Rank of 2 (Buy), indicating a neutral outlook for earnings performance [8]

Group 1 - Multiple companies are scheduled to release their earnings reports throughout the week, indicating a busy earnings season [1] - On Monday, companies like 铿腾电子 are set to report their performance [1] - On Tuesday, Stellantis and AstraZeneca will release their earnings before the European market opens [1] Group 2 - Major U.S. companies such as Boeing, UnitedHealth, and Procter & Gamble are expected to report earnings before the U.S. market opens on Tuesday [1] - Following that, Visa, Booking, and Starbucks will report their earnings after the U.S. market closes on Tuesday [1] - On Wednesday, significant tech companies including Microsoft, Meta Platforms, Qualcomm, and Arm Holdings are scheduled to release their earnings after the U.S. market closes [1] Group 3 - Mastercard is set to report its earnings before the U.S. market opens on Thursday [1] - Apple, Amazon, MicroStrategy, Coinbase, and Coherent will report their earnings after the U.S. market closes on Thursday [1] - On Friday, ExxonMobil, Chevron, and Regeneron Pharmaceuticals are expected to release their earnings before the U.S. market opens [1]