CORRECTED-KLA Q4 revenue beats estimates

Corrects to remove reference to outlook cut from headline

Overview

• US semiconductor equipment maker's fiscal Q4 revenue rose, beating analyst expectations

• Adjusted EPS for fiscal Q4 was $1.05, at the upper end of guidance

• Company completed a ten-for-one stock split in June

Outlook

• KLA expects Q1 fiscal 2027 revenue of $4.0 bln +/- $200 mln

• Company sees Q1 fiscal 2027 GAAP diluted EPS of $1.14 +/- $0.10

• KLA says momentum is accelerating in H2 2026 and continuing through 2027

Result Drivers

• AI INFRASTRUCTURE DEMAND - Co said expansion of AI infrastructure is driving increased demand for process control solutions, especially in advanced packaging and leading-edge designs

Company press release: ID:nPn4x8fw0a

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 11 "hold" and no "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 $240.00, about 18% above its July 27 closing price of $203.36

• The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 33 three months ago

Reuters Recommended Reads

• July 28 - ASMI lifts 2027 outlook, forecasts third-quarter revenue above estimates

• July 28 - The $400 million ASML 'printers' key for the AI chip boom

• July 27 - Cadence raises annual forecasts as demand booms for AI chip design

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.)