KLA Corp. Stock Slides On Q3 Earnings: What Investors Should Know

Benzinga04-30

KLA Corp. (NASDAQ:KLAC) reported financial results for the third quarter of fiscal 2026 after the market close on Wednesday. Here’s a look at the key metrics.

  • KLA Corp. stock is showing notable weakness. Why is KLAC stock falling?

KLA Corp. Q3 Results & Outlook

  • Q3 Revenue: $3.42 billion, versus estimates of $3.37 billion
  • Q3 Adjusted EPS: $9.40, versus estimates of $9.14

KLA Corp. expects fiscal fourth-quarter revenue to be in the range of $3.38 billion to $3.78 billion versus estimates of $3.54 billion, according to Benzinga Pro. The company anticipates fourth-quarter adjusted earnings of $8.87 to $10.87 per share versus estimates of $9.80 per share.

“Our business momentum remains robust, and we are highly confident in our outlook for calendar year 2026,” said Rick Wallace, president and CEO of KLA Corp. 

KLA Corp. said it’s benefiting from its positioning as a key enabler of the AI ecosystem. The company noted that it’s positioned to benefit from the global AI infrastructure buildout across foundry, logic, memory, advanced packaging and services.

KLA Corp. executives will further discuss the quarter on an earnings call at 5 p.m. ET.

KLAC Shares Slip After The Bell

KLAC Price Action: KLA Corp. shares were down 8.99% in after-hours, trading at $1,653 at the time of publication on Wednesday, per Benzinga Pro.

Read Also: Microsoft Q3 Highlights: AI Revenue Up 123% YoY, Hits Annual Run Rate $37 Billion, Helps With Double Beat

Image: Shutterstock.com

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment