KLA Corporation (KLAC) Q4 Earnings: What To Expect

Max Juang /
2023/07/26 5:18 am EDT

Maker of equipment for semiconductor manufacturing, KLA Corporation (NASDAQ:KLAC) will be reporting earnings tomorrow afternoon. Here's what to expect.

Last quarter KLA Corporation reported revenues of $2.43 billion, up 6.29% year on year, beating analyst revenue expectations by 2.36%. It was a mixed quarter for the company, with a decent beat of analysts' EPS estimates but an increase in its inventory levels.

Is KLA Corporation buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting KLA Corporation's revenue to decline 9.1% year on year to $2.26 billion, a further deceleration on the 29.1% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $4.86 per share.

KLA Corporation Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 3.12%.

Looking at KLA Corporation's peers in the semiconductors segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Sensata Technologies delivered top-line growth of 4.07% year on year, beating analyst estimates by 3.47% and Micron Technology reported revenue decline of 56.6% year on year, exceeding estimates by 2.05%. Micron Technology was up 3.89%, and Sensata was flat on the results. Read our full analysis of Sensata Technologies's results here and Micron Technology's results here.

Investors in the semiconductors segment have had steady hands going into the earnings, with the stocks up on average 1.57% over the last month. KLA Corporation is down 2.57% during the same time, and is heading into the earnings with analyst price target of $469.50, compared to share price of $464.68.

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The author has no position in any of the stocks mentioned.