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KLA Corporation (KLAC) is scheduled to report its first-quarter fiscal 2026 results on October 29, 2023. The company expects revenues of $3.15 billion with a margin of plus/minus $150 million. The Zacks Consensus Estimate for revenues stands at $3.16 billion, reflecting an 11% increase from the previous year.
In terms of earnings, KLA anticipates non-GAAP earnings of $8.53 per share, plus/minus $0.77. The consensus estimate is at $8.55 per share, indicating a year-over-year growth of 16.6%. Despite a positive earnings ESP and a Zacks Rank of 2 (Buy), KLA’s earnings surprise of 0.00% suggests uncertainty regarding an earnings beat.
Key growth drivers include demand for advanced semiconductors fueled by AI advancements, with expectations of significant growth in advanced packaging revenues from over $500 million in 2024 to an anticipated $925 million in 2025. However, gross margins may face pressure from lower system revenues, albeit with a reduced tariff impact.
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