KLA beats Q2 revenue estimates, EPS exceeds guidance

KLA

29/01/2026 21:14

Overview

Semiconductor equipment maker's fiscal Q2 revenue beat analysts' expectations

GAAP and non-GAAP EPS for fiscal Q2 exceeded midpoints of company's guidance

Company highlighted strong performance in process control and AI infrastructure

Outlook

KLA expects Q3 fiscal 2026 revenue between $3.35 bln +/- $150 mln

Company anticipates Q3 fiscal 2026 GAAP EPS of $8.85 +/- $0.78

KLA sees Q3 fiscal 2026 non-GAAP EPS of $9.08 +/- $0.78

Result Drivers

PRODUCT PORTFOLIO - KLA's differentiated product portfolio and strong execution drove record revenue and free cash flow

AI INFRASTRUCTURE - KLA benefits from AI infrastructure buildout across major growth vectors, including foundry/logic and memory

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$3.30 bln
$3.25 bln (21 Analysts)
Q2 Adjusted EPS
$8.85
Q2 EPS
$8.68
Q2 Net Income
$1.15 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 12 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the semiconductor equipment & testing peer group is "buy"

Wall Street's median 12-month price target for KLA Corp is $1,550.00, about 4.7% below its January 28 closing price of $1,627.20

The stock recently traded at 40 times the next 12-month earnings vs. a P/E of 30 three months ago

Press Release: ID:nPn7LJ3wQa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)