KLA CorporationNasdaq: KLAC
Information Technology · Semiconductor Materials & Equipment
$1,726.75
-1.35%
Vol: 593K
Research Digest
Friday, May 1, 2026
KLA beats Q1 revenue estimates and raises quarterly dividend 21%; Morgan Stanley raises PT to $1,900
KLA reported Q1 revenue of $3.42B (up 11.5% YoY), beating expectations by 1.2%, and non-GAAP EPS of $9.40 (2.5% above consensus). Q4 guidance of $3.575B midpoint came in better than expected. The board approved 21% quarterly dividend increase to $2.30/share and $7B additional share repurchase authorization. Morgan Stanley raised price target to $1,900 from $1,809 with Overweight rating, though noting continued 2026 underperformance offset by stronger 2027 outlook.
Previous Market Intelligence
13 daysApr 30KLA beats Q3 FY2026; raises dividend 39% to $2.30, authorizes $7B buyback amid AI tailwindsPositive▶
KLA Corporation reported strong fiscal Q3 2026 results (ended March 31) with GAAP net income of $1.20B, GAAP EPS of $9.12 on revenue of $3.415B, and non-GAAP EPS of $9.40 beating consensus $9.15. Management delivered confident FY2026 outlook, positioning KLA as critical enabler of AI ecosystem across foundry/logic, memory, advanced packaging, and services. The board increased quarterly dividend to $2.30 per share (effective May 2026 declaration) and authorized additional $7B for share repurchases. For Q4 FY2026, guidance: revenue $3.575B +/- $200M and GAAP EPS $9.66 +/- $1.00. BofA raised PT to $2,100 from $1,850 (Buy). Export control and valuation concerns persist, but momentum remains robust on AI infrastructure buildout.
Apr 29KLA Q3 FY2026 revenue $3.42B beats; dividend raised 21% to $2.30/share; $7B buyback approvedPositive▶
KLA reported Q3 fiscal 2026 net income of $1.20B ($9.12 EPS) on $3.415B revenue, beating guidance. Board approved 21% dividend increase to $2.30/share and $7B repurchase program. Advanced Packaging revenue expected to jump from $635M (2025) to $1B (2026). KLA emphasized role as key AI ecosystem enabler. Q1 CY2026 revenue beat with $3.42B (up 11.5% YoY), guidance at $3.58B. BofA raised PT to $2,100 (from $1,850); 19 analyst average rating Buy with $1,651 12-month PT.
Apr 16KLA fell 4.4% on April 15 due to renewed US export control concerns on China-facing chip equipment, but announced $7B share buyback on April 1Negative▶
KLA shares declined 4.4% on April 15 amid renewed concerns about tighter US export controls on China-facing semiconductor equipment pressuring industry growth and margins. On April 1, KLA announced a new $7 billion share repurchase program, boosting total buyback capacity to $11 billion. The company delivered double-digit YoY revenue and services growth, set a new quarterly free cash flow record, and expanded advanced packaging guidance to over $925 million. Q3 fiscal 2026 earnings scheduled for April 29 with analyst projections of $3.38B revenue and $9.16 EPS.
Apr 15KLA Corporation surged 14.9% over the past week, backed by $7 billion share repurchase program and 21% dividend increasePositive▶
KLA announced $7 billion share repurchase program and 21% dividend increase at March 12 Investor Day. Stock climbed 14.9% over the past week and 166% YoY. Worldwide semiconductor equipment sales reached record $135.1 billion in 2025. Analysts rate KLAC as Buy with average target of $1,672.97. Upcoming earnings expected April 29.
Apr 14KLA Q3 FY2026 earnings April 29; authorized $7B buyback and raised dividend 21%Positive▶
Q3 earnings April 29. Authorized $7B buyback and increased dividend 21% to $2.30. Stock jumped 6.72% on April 8. Raised 2026 outlook.
Apr 13$7 billion buyback and 21% dividend hike announced; semiconductor momentum continuesPositive▶
KLA announced $7 billion share repurchase program and 21% quarterly dividend increase. Cantor Fitzgerald raised price target to $2,000 (+8.1%); Oppenheimer raised to $1,900 (+9.1%). Stock up 10% recently on easing supply-chain concerns and semiconductor tailwinds.
Apr 10KLA jumps 7.4% on Strait of Hormuz reopening relief; announces $7B share buyback program.Positive▶
KLA stock jumped 7.4% after VanEck Semiconductor ETF rallied on US-Iran ceasefire reopening Strait of Hormuz. Announced $7B share repurchase program bringing total capacity to ~$11B. Raised CY2026 outlook at analyst day. Q3 FY2026 earnings scheduled April 23. Market cap $226.40B with consensus Buy rating.
Apr 9KLA Corporation stock surges 6.72% on semiconductor demand strength and new $7B buyback.Positive▶
KLA jumped 6.72% on April 8 following VanEck Semiconductor ETF surge on US-Iran de-escalation. Company announced new $7B share repurchase program (total capacity $11B). Stock up 30.3% YTD and near 52-week high of $1,685. Semiconductor equipment market shows strong growth driven by AI investments. Current price $1,661. Multiple analyst upgrades with mean target $1,726.31 (11.5% upside).
Apr 8KLA Q3 FY2026 earnings April 29; strong Q2 with 17% YoY revenue growth and $7B buyback.Positive▶
KLA announced Q3 fiscal 2026 earnings call April 29 at 2pm PT. Continues strong performance with Q2 2026 showing 17% YoY revenue growth, $7 billion share buyback authorization, and 21% dividend increase to $2.30 per share.
Apr 7KLA reports record Q2 FY2026 revenue $3.3B with 21% dividend increase and $7B buyback authorizationPositive▶
KLA announced Q2 FY2026 record revenue of $3.3B (ended Dec 31, 2025) with 17% year-over-year growth and GAAP net income $1.15B. Investor Day (March 12) featured 21% quarterly dividend increase to $2.30/share, $7B new repurchase authorization, and 2030 Target Model. Supply constraints limiting H1 2026 growth; acceleration expected H2. 2026 market forecast $110B to low-$120B. Multiple analyst upgrades: Oppenheimer $1,900 from $1,800. Zacks Rank #2 (Buy), PT $1,640.47.
Apr 6KLA announces $7B buyback and 21% dividend hike; $138M Wales R&D facility unveiled.Positive▶
KLA announced $7B share repurchase and 21% dividend increase to $2.30/share at March 12 Investor Day. Unveiled $138M Newport, Wales facility (237K sq ft). Oppenheimer raised PT to $1,900 from $1,800. Next earnings April 23.
Apr 3KLA announces $7B share buyback and 21% dividend increase at investor day; stock gains on strong AI demand tailwinds.Positive▶
KLA held investor day announcing a $7 billion share repurchase authorization and raising quarterly dividend 21% to $2.30 per share. Q1 FY26 revenue hit $3.21B with EPS of $8.81, exceeding guidance. Free cash flow grew 30% to $4.4B. Advanced packaging revenue surged 70% YoY. Supply constraints in H1 2026 and rising DRAM costs offset strong near-term outlook.
Apr 1KLA announces $7 billion share buyback and 21% dividend increase to $2.30; March-quarter revenue guidance of $3.35B.Positive▶
KLA held Investor Day on March 12, 2026, announcing a $7.0 billion supplemental share repurchase program and 21% quarterly dividend increase from $1.90 to $2.30 per share. The company guided March-quarter revenue of $3.35 billion ± $150 million with non-GAAP diluted EPS of $9.80 ± $0.78. KLA shares are up more than 20% year-to-date and 93%+ over the past year. Earnings report scheduled for April 23, 2026.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| LRCXLAM | $257.03 | -0.32% | +16.9% | 32.7x | 1.79 | $322.5B |
| AMATAPPLIED | $389.63 | -1.23% | +11.9% | 28.0x | 1.64 | $313.1B |
| KLACKLA | $1,726.75 | -1.35% | +13.7% | 36.3x | 1.44 | $230.0B |
| TERTERADYNE | $345.65 | +0.63% | +8.9% | 36.3x | 1.79 | $53.8B |
| QQNITY | $143.40 | +1.94% | +18.3% | 32.1x | — | $29.5B |
| NVDANVIDIA | $198.66 | -0.46% | +12.3% | 17.8x | 2.33 | $4.85T |
Key Fundamentals
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Price above both MAs — bullish structure.