KLA (KLAC) came out with quarterly earnings of $5.26 per share, beating the Zacks Consensus Estimate of $4.94 per share. This compares to earnings of $5.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.48%. A quarter ago, it was expected that this maker of equipment for manufacturing semiconductors would post earnings of $5.88 per share when it actually produced earnings of $6.16, delivering a surprise of 4.76%.Over the la ...

Fourth Quarter Fiscal 2024 Guidance Exhibit 99.1 FOR IMMEDIATE RELEASE Investor Relations: Media Relations: Kevin Kessel, CFA Mike Dulin (408) 875-6627 michael.dulin@kla.com kevin.kessel@kla.com Vice President, Investor Relations Corporate & KLA Services Communications KLA Corporation Reports Fiscal 2024 Third Quarter Results MILPITAS, Calif., April 25, 2024 - KLA Corporation (NASDAQ: KLAC) today announced financial and operating results for its third quarter of fiscal year 2024, which ended on March 31, 20 ...

Monty Rakusen Semiconductor stocks have stalled out since notching an all-time high back on March 8. Shares of the VanEck Vectors Semiconductor ETF (SMH) spiked to near $240 on high volume before falling sharply during the trading day, closing near the lows of the session and under $225. It had the hallmarks of what technicians call a “blow-off top.” Then, earlier this month, SMH printed a bearish engulfing pattern (April 4). These are important clues for an industry that has grown to become a material ...

In the latest trading session, KLA (KLAC) closed at $682.84, marking a +1.5% move from the previous day. This move outpaced the S&P 500's daily gain of 1.11%. Meanwhile, the Dow gained 0.8%, and the Nasdaq, a tech-heavy index, added 1.24%.The maker of equipment for manufacturing semiconductors's stock has dropped by 6.98% in the past month, falling short of the Computer and Technology sector's gain of 0.85% and the S&P 500's gain of 0.48%.The upcoming earnings release of KLA will be of great interest to inv ...

MILPITAS, Calif., April 4, 2024 /PRNewswire/ -- KLA Corporation (NASDAQ: KLAC) today announced that the company will review third quarter fiscal year 2024 earnings on Thursday, April 25, 2024 at 3 p.m. PT. The company's results will be published on the same day after the stock market closes, as well as supplemental disclosures including a shareholder letter and earnings slide presentation. All earnings disclosures as well as the live earnings webcast will be available on the Investor Relations page of KLA's ...

The most recent trading session ended with KLA (KLAC) standing at $690.70, reflecting a +0.99% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily gain of 0.63%. Meanwhile, the Dow experienced a rise of 0.2%, and the technology-dominated Nasdaq saw an increase of 0.82%.The maker of equipment for manufacturing semiconductors's stock has climbed by 3.41% in the past month, exceeding the Computer and Technology sector's gain of 1.16% and the S&P 500's ga ...

In the latest market close, KLA (KLAC) reached $698.40, with a +1.9% movement compared to the previous day. This move outpaced the S&P 500's daily gain of 1.12%. Meanwhile, the Dow experienced a rise of 0.61%, and the technology-dominated Nasdaq saw an increase of 1.54%.The maker of equipment for manufacturing semiconductors's stock has climbed by 5.76% in the past month, exceeding the Computer and Technology sector's loss of 0.4% and the S&P 500's gain of 2.06%.Investors will be eagerly watching for the pe ...

Company and Industry Overview * **Company**: KLA Corporation (NASDAQ: KLAC) * **Industry**: Semiconductor Equipment and Materials * **Event**: Morgan Stanley Technology, Media & Telecom Conference Call, March 4, 2024 Key Points Corporate Priorities and Financial Targets * **2026 Financial Targets**: Revenue of $38 billion and earnings per share of $38. * **Revenue Growth**: Semiconductor revenue growth expected to be 2x GDP, aligning with McKinsey's projection of $1 trillion in semiconductor revenue by 2030. * **Capital Intensity**: Capital intensity has been climbing since 2013-2014, with recent elevated levels due to investments in China. * **Market Mix**: Memory expected to grow at GDP plus rates, with logic foundry growing faster, resulting in a mix of approximately 60-70% logic foundry. * **Process Control**: Process control intensity is higher in logic and foundry than in memory, benefiting KLA's strong position in process control. * **Service Business**: Growing 12-14% in 2024, driven by high complexity, low redundancy, and long-term contracts. * **EPC Business**: Expected to grow about 10%, with Specialty Semiconductor being the strongest part of the business. * **Gross Margins and Operating Margins**: Gross margins in the low 60s, with a target of 63%. Operating margin target of 40-50% incremental. * **Capital Structure**: Actions to drive EPS level about 1.5x revenue growth rate, with 85% of cash flow returned to shareholders. Process Control Intensity and Growth Drivers * **Process Control Intensity**: Increased from low 6% in 2021 to high 7s in 2023, driven by adoption of leading-edge design rules and HBM. * **Growth Drivers**: Incremental scaling, changes in architecture, power distribution, and competitive dynamics in leading-edge technology. * **Optical Inspection**: Grew at about 1.7x the rate of WFE from 2019 to 2022, driven by adoption of EUV and scaling of devices. Semiconductor Equipment Market * **2023 WFE**: Estimated at $87-88 billion. * **2024 WFE**: Expected to be flattish to slightly up in the high 80s. * **Leading Edge**: Expected to improve, driven by 3-nanometer activity. * **Memory**: Expected to grow modestly, mostly in DRAM, with HBM and advanced DRAM as drivers. * **China**: Expected to be flattish, with some inefficiency in investment and over time, some rationalization. Advanced Packaging * **Growth Drivers**: Rising complexity, pitch shrinking, and increased metrology requirements. * **Revenue**: Expected to grow at least 2x WFE growth rates, potentially reaching $1 billion by the back half of this decade. Memory * **DRAM**: Utilization has improved slightly, with core DRAM CapEx expected to remain healthy. * **NAND**: Spending has been low, with capacity investment expected to follow a similar path into next year. Services * **Growth**: Expected to grow 12-14% in 2024, driven by utilization improvement and tools coming off warranty. * **Visibility**: Good visibility into future revenue due to long-term contracts and high attach rates on services. Other Key Points * **Supply Chain**: Managed well through 2022, with strong partnerships with suppliers and investments in capacity. * **Geopolitics**: Not speculating on government actions, but acknowledging the desire for self-sufficiency in China and potential inefficiencies in investment. * **High NA**: Expected to drive scaling and adoption of EUV, benefiting KLA's high-end inspection capabilities. * **Competitive Dynamics**: Strong competitive dynamics in leading-edge technology, with multiple markets driving adoption of leading-edge nodes.

KLA Corporation (NASDAQ:KLAC) Morgan Stanley Technology, Media & Telecom Conference Call March 4, 2024 3:40 PM ET Company Participants Bren Higgins - EVP & CFO Conference Call Participants Joseph Moore - Morgan Stanley Joseph Moore Great. Thank you, everybody. Welcome back. I'm Joe Moore. Very happy to have with us today, the CFO of KLA, Bren Higgins. So Bren, maybe you could start out just with a little bit of an overview. We'll dig a little bit deeper into your targets and so forth. But maybe first, just ...

The latest trading session saw KLA (KLAC) ending at $682.30, denoting a +1.38% adjustment from its last day's close. The stock outpaced the S&P 500's daily gain of 0.52%. Elsewhere, the Dow saw an upswing of 0.12%, while the tech-heavy Nasdaq appreciated by 0.9%.Shares of the maker of equipment for manufacturing semiconductors have appreciated by 13.29% over the course of the past month, outperforming the Computer and Technology sector's gain of 1.9% and the S&P 500's gain of 3.85%.The investment community ...