All articles tagged with #kla corp
Bank of America analysts say wafer-fab chip-equipment names such as Lam Research, KLA and Applied Materials are set for multi-year AI-driven growth, lifting 2026–2027 revenue forecasts toward about $140B and $171B, with potential long-run gains as AI workloads, CPUs and memory demand tighten supply and spur continued investment in semiconductor fabrication equipment.
Chip-making tools maker KLA Corp expects first-quarter revenue and profit to surpass Wall Street estimates, driven by increased investments in artificial intelligence (AI). The company is benefiting from the growing demand for AI tools and the need for chipmakers to diversify their supply chains. KLA Corp shipped additional manufacturing tools to a Chinese memory customer due to export rule clarifications. The company's forecasted adjusted profit for the first quarter is $5.35 per share, higher than analysts' expectations of $4.75 per share. In the June quarter, 30% of KLA's revenue came from China and 21% from Taiwan.
Meta Platforms (parent company of Facebook) saw its shares rise 6% after reporting strong Q2 results and optimistic guidance, while Chipotle's stock dropped 8.6% as its quarterly revenue fell short of expectations. Royal Caribbean's shares surged 9% after beating expectations for Q2, boosting other cruise stocks like Norwegian. Semiconductor companies Lam Research and KLA Corp. saw their shares soar 11% and 7% respectively after delivering strong Q4 results. Defense contractor L3Harris Technologies' stock sank 8% despite a better-than-expected Q2 report, while insurance company Willis Towers Watson's shares fell 8% after reporting softer-than-expected earnings.