Semiconductor manufacturing equipment maker KLA Corporation (NASDAQ:KLAC) will be reporting results tomorrow after market hours. Here’s what to look for.
KLA Corporation beat analysts’ revenue expectations by 4.5% last quarter, reporting revenues of $3.08 billion, up 23.7% year on year. It was a very strong quarter for the company, with a significant improvement in its inventory levels and an impressive beat of analysts’ adjusted operating income estimates.
Is KLA Corporation a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting KLA Corporation’s revenue to grow 27.5% year on year to $3.01 billion, a reversal from the 3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $8.08 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. KLA Corporation has missed Wall Street’s revenue estimates twice over the last two years.
Looking at KLA Corporation’s peers in the semiconductor manufacturing segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Amkor’s revenues decreased 3.2% year on year, beating analysts’ expectations by 3%, and Lam Research reported revenues up 24.4%, topping estimates by 1.7%. Lam Research traded up 6.3% following the results.
Read our full analysis of Amkor’s results here and Lam Research’s results here.
Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the semiconductor manufacturing stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5.1% on average over the last month. KLA Corporation is up 2.2% during the same time and is heading into earnings with an average analyst price target of $792.09 (compared to the current share price of $694.70).
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