KLA Corporation reported better-than-expected quarterly earnings and revenue, with earnings per share at $1.05 and revenue of $3.66 billion, surpassing estimates. Despite this, the stock fell 6.64% due to disappointing forward guidance for the next quarter. RBC Capital raised its price target to $180, reflecting confidence in KLA's long-term prospects driven by AI investments and strong free cash flow of $817 million. The company remains a key player in the semiconductor industry, poised for growth despite short-term market concerns.
The FTSE 100 reached a new intraday high above 10,945, driven by strong earnings from companies like Standard Chartered, Reckitt Benckiser, and Rio Tinto, which also announced increased dividends and share buybacks. Rising oil prices, fueled by renew...
KLA Corporation reported Q4 fiscal 2026 revenues of $3.66 billion, with GAAP diluted EPS of $1.04, both at the high end of guidance. The company highlighted strong demand driven by AI infrastructure expansion, especially in semiconductor process cont...
