KLA Reports Strong Q2, Exceeds Revenue Expectations

KLA Corporation reported strong fiscal second-quarter results, with revenue reaching $3.08 billion, exceeding analyst expectations. The company posted a non-GAAP earnings per share of $8.20, significantly higher than the forecasted $7.75. Despite challenges from U.S. government export controls, KLA's performance reflects robust demand driven by investments in artificial intelligence and technology complexity. Looking ahead, the company anticipates third-quarter revenue between $2.85 billion and $3.15 billion. However, its GAAP diluted EPS of $6.16 fell short of estimates due to a significant impairment charge. Overall, KLA's strong operational metrics and positive guidance highlight its resilience in a challenging industry landscape.