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].

2月2日，市场震荡调整，半导体板块跟随大盘回调。截至14:10，中证半导体材料设备主题指数下跌 3.7%。Wind数据显示，多只半导体设备相关ETF盘中获资金加仓，其中半导体设备ETF易方达 （159558）净申购约2000万份。 中证半导体材料设备主题指数聚焦半导体设备与半导体材料领域，根据申万三级行业分类，指数半导体 设备占比超60%，半导体材料占比约20%，权重股覆盖中微公司、北方华创、拓荆科技、长川科技、华 海清科等行业龙头，在国产化趋势中具备较强弹性，投资者可通过半导体设备ETF易方达（159558）等 跟踪该指数的产品一键把握产业发展机遇。 （文章来源：每日经济新闻） 国泰海通证券指出，ASML去年第四季度新增订单额飙升至132亿欧元，达市场预期近两倍；KLA同期 总收入32.97亿美元，同比增长7.2%，均反映AI驱动下设备订单爆发式增长与客户扩产升级的强劲动 能。设备订单高增与业绩指引上修共同确认半导体设备行业已进入强劲上升通道，为上游国产设备厂商 提供明确需求支撑。 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 000-09992 KLA CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) D ...

Core Insights - KLA Corporation (KLAC) reported second-quarter fiscal 2026 non-GAAP earnings of $8.85 per share, exceeding the Zacks Consensus Estimate by 0.36% and reflecting a year-over-year increase of 7.9% [1][8] - Revenues for the quarter rose 7.2% year over year to $3.3 billion, surpassing the Zacks Consensus Estimate by 1.02% [1][8] - Despite strong earnings and revenue growth, KLAC shares fell 7.7% in pre-market trading [1] Segment Performance - Semiconductor Process Control revenues, which constitute 91.1% of total revenues, increased by 9% year over year and 4% sequentially to $3 billion [2] - Foundry & Logic and Memory segments accounted for approximately 60% and 40% of Semiconductor Process Control revenues, respectively [2] - Specialty Semiconductor Process revenues decreased by 12.4% year over year to $140 million but increased 17% sequentially [2] Product and Revenue Breakdown - Product revenues, making up 76.2% of total revenues, grew by 4.2% year over year to $2.51 billion, while service revenues increased by 18% year over year and 6% sequentially to $786 million [4] - Wafer Inspection revenues rose by 1% year over year and 2% sequentially to $1.57 billion, while Patterning revenues surged by 31% year over year and 4% sequentially to $696 million [5] - Taiwan and China were the largest contributors to revenue, accounting for 26% and 30%, respectively [5] Operating Metrics - The non-GAAP gross margin for the second quarter was 62.6%, exceeding the midpoint of the guidance range by 60 basis points [6] - Research and development (R&D) expenses increased by 10.9% year over year to $383.9 million, representing 11.6% of revenues, a decrease of 40 basis points year over year [6] - Selling, general and administrative (SG&A) expenses rose by 4.8% year over year to $279.9 million, accounting for 8.5% of revenues, a decrease of 20 basis points year over year [7] Financial Position - As of December 31, 2025, cash, cash equivalents, and marketable securities totaled $5.20 billion, up from $4.68 billion as of September 30, 2025 [10] - Long-term debt remained unchanged at $5.88 billion [10] - Cash flow from operating activities was $1.36 billion, compared to $1.16 billion in the previous quarter, with free cash flow at $1.26 billion [10] Shareholder Returns - In the fiscal second quarter, KLAC repurchased $548 million worth of shares and paid $250 million in dividends [11] Guidance - For the third quarter of fiscal 2026, KLAC expects revenues of $3.35 billion, plus or minus $150 million, and non-GAAP earnings of $9.08 per share, plus or minus 78 cents [12] - The company anticipates a non-GAAP gross margin of 61.75%, plus or minus 1%, with operating expenses expected to be around $645 million [12]

KLA Corporation (NASDAQ:KLAC) stock tumbled Friday as investors digested earnings and guidance that landed near expectations but failed to impress.An analyst kept a neutral stance, pointing to valuation concerns and a near-term industry shift toward memory spending.Quarterly UpdateOn Thursday, the company reported second-quarter earnings of $8.85 per share, which beat the analyst consensus estimate of $8.80, according to data from Benzinga Pro.KLA expects third quarter adjusted EPS of $8.30 to $9.86, versus ...

Core Insights - KLA Corporation's stock declined as earnings and guidance met expectations but did not exceed investor hopes [1] - The company reported second-quarter earnings of $8.85 per share, slightly above the analyst consensus estimate of $8.80 [2] - KLA's third-quarter adjusted EPS is projected between $8.30 and $9.86, with revenue expected to be between $3.2 billion and $3.5 billion, both figures aligning closely with analyst estimates [2] Analyst's Perspective - Goldman Sachs analyst James Schneider maintained a Neutral rating on KLA, raising the price target from $1,280 to $1,450 [3] - The stock may experience downward pressure as results and guidance met estimates but fell short of heightened investor expectations [3] - Schneider highlighted KLA's strong position in process control products and potential long-term market share gains, yet preferred companies with better exposure to etch and deposition tools [3] Industry Outlook - Near-term industry spending is shifting towards DRAM rather than process control, with KLA's stock valuation considered relatively full at current levels [4] - KLA's quarterly revenue met Wall Street expectations, with gross margin slightly above consensus; however, non-GAAP earnings were slightly below Schneider's firm's forecast [4] - Management anticipates total wafer fab equipment spending to reach approximately $135 billion by 2026, with core WFE spending projected to grow in the high-single to low-double digits, reaching around $120 billion [5] - KLA expects moderate revenue growth in early 2026, with acceleration later in the year, and anticipates a recovery in China's WFE market in 2026 after a modest decline in 2025 [5] Recent Performance - KLA shares were down 12.33% at $1,477.00 at the time of publication [6]

Group 1 - Deep-pocketed investors have adopted a bearish approach towards KLA, indicating that significant market movements may be imminent [1] - The options activity for KLA has been extraordinary, with 36% of heavyweight investors leaning bullish and 43% bearish, including 35 puts totaling $3,061,187 and 88 calls amounting to $16,155,840 [2] - The major market movers are focusing on a price band between $590.0 and $2180.0 for KLA over the last three months [3] Group 2 - Analyzing volume and open interest is crucial for tracking liquidity and interest in KLA's options, particularly within the strike price range of $590.0 to $2180.0 over the last 30 days [4] - KLA's current trading volume stands at 1,271,317, with the stock price down by -12.13% at $1540.0, and RSI indicators suggest it may be approaching overbought conditions [7] - Market experts have issued ratings for KLA, with a consensus target price of $1642.0, highlighting the potential for higher profits through strategic trading despite the associated risks [6]

Core Viewpoint - KLA stock has more than doubled in the past 12 months, but shares experienced a decline following its earnings report [1] Group 1 - KLA's stock performance over the past year indicates significant growth, with a doubling in value [1] - The decline in share price after the earnings report suggests potential concerns among investors regarding the company's financial performance or future outlook [1]

Company Performance - Deckers, the parent company of Hoka and Uggs, reported a strong quarterly performance with shares up 13.5%, indicating a significant recovery from last year's performance [2] - Adjusted EPS for Deckers came in at 3.33, exceeding the expected 2.77, while revenue reached $1.96 billion, surpassing the forecast of $1.88 billion, marking record revenue and profit [3] - Hoka brand sales surged by 18.5%, while Uggs also showed a 5% increase, both exceeding expectations [4] - Direct-to-consumer sales rose over 8%, and wholesale sales increased by 6%, demonstrating balanced growth across sales channels [5] - Deckers' gross margin was reported at 59.8%, with a slight margin compression, but overall profitability remains strong, leading to an upward revision of full-year EPS guidance to a range of 6.80 to 6.85 [6] SoFi Performance - SoFi's adjusted EPS was reported at 0.13, slightly above the expected 0.12, with revenue exceeding $1 billion for the first time, marking a significant milestone [8] - The company added 1 million new members in the quarter, bringing total membership to 13.7 million, reflecting a 35% year-over-year increase [9] - SoFi's financial services segment grew by 78% annually, contributing to overall revenue growth across its business lines [10] - For 2026, SoFi is guiding revenue between $4.66 billion and adjusted EPS of 0.60, both ahead of consensus estimates [11] KLA Performance - KLA reported adjusted EPS of 8.85, slightly beating the expected 8.82, with revenue at $3.3 billion, also above the forecast of approximately $3.25 billion [12][13] - Services revenue increased by 18% year-over-year, highlighting the strength of KLA's high-margin recurring revenue model [14] - Free cash flow was reported at over $1.25 billion, up 67% year-over-year, indicating strong cash generation despite a pullback in share price [14]

Core Insights - KLA reported revenue of $3.3 billion for the quarter ended December 2025, reflecting a year-over-year increase of 7.2% and exceeding the Zacks Consensus Estimate of $3.26 billion by 1.02% [1] - The company's EPS for the quarter was $8.85, up from $8.20 in the same quarter last year, also surpassing the consensus estimate of $8.82 by 0.36% [1] Revenue Breakdown - Semiconductor Process Control revenues reached $3 billion, exceeding the average estimate of $2.94 billion, with a year-over-year increase of 9% [4] - Specialty Semiconductor Process revenues were $140.58 million, slightly below the estimated $144.58 million, showing a decline of 12.4% year-over-year [4] - Service revenues amounted to $786.05 million, surpassing the average estimate of $751.55 million, marking a year-over-year increase of 17.8% [4] - Product revenues were reported at $2.51 billion, slightly above the average estimate of $2.49 billion, with a year-over-year growth of 4.2% [4] - PCB and Component Inspection revenues totaled $152.18 million, below the average estimate of $159.69 million, reflecting a year-over-year decrease of 5.5% [4] Stock Performance - KLA's shares have returned 33.9% over the past month, significantly outperforming the Zacks S&P 500 composite, which saw a change of 0.8% [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating potential for outperformance in the near term [3]