KLA Analysts Boost Their Forecasts After Upbeat Earnings

Core Insights - KLA Corp reported better-than-expected second-quarter financial results, with earnings of $8.20 per share, surpassing the analyst consensus estimate of $7.75 per share, and quarterly sales of $3.08 billion, exceeding the estimate of $2.94 billion [1][2] Financial Performance - The December quarter results were above the midpoint of guidance ranges, indicating strong performance despite challenges from new U.S. government export controls [2] - KLA anticipates third-quarter total revenues of $3.0 billion +/- $150 million and adjusted EPS of $8.05 +/- $0.60 [2] Market Reaction - KLA shares increased by 4.1%, closing at $742.43 following the earnings announcement [3] - Analysts adjusted their price targets for KLA, with Deutsche Bank raising it from $725 to $850 and Needham increasing it from $800 to $830, both maintaining a Buy rating [5]