科磊发布2026财年第三财季业绩指引，机构维持买入评级

Core Viewpoint - The company, KLA, has provided guidance for its third fiscal quarter of 2026, expecting revenue of approximately $3.35 billion and a non-GAAP earnings per share of about $9.08, which did not meet market expectations for accelerated growth driven by AI, leading to stock price fluctuations [1][2]. Financial Performance - KLA's guidance for the third fiscal quarter ending March 31, 2026, includes an expected revenue of around $3.35 billion, with a fluctuation range of $150 million, and a non-GAAP earnings per share of approximately $9.08, with a fluctuation range of $0.78 [2]. Industry Conditions - Demand for AI infrastructure and high bandwidth memory (HBM) continues to drive chip equipment sales, although the pace of equipment procurement may experience fluctuations. KLA maintains strong spending in advanced process logic chips and memory sectors, with expansion plans from major clients like TSMC potentially impacting future orders [3]. Institutional Perspectives - Recent institutional views include Citigroup maintaining a "Buy" rating with a target price of $1,800, and JPMorgan retaining an "Overweight" rating with a target price of $1,485, anticipating that 2026 revenue may exceed expectations [4]. Stock Performance - Following the earnings report, KLA's stock price experienced a correction, with a trading volume of $2.267 billion on February 2, 2026, and a stock price decline of 1.22%. The market is concerned about high valuations and the risk of slowing revenue growth [5].