KLA Corporation (KLAC)

BofA Sees AI Driving the Next $1 Trillion in Semiconductor RevenueJune 26, 2026 11:44 AM
IH Market News Bank of America believes artificial intelligence will accelerate growth across the semiconductor industry, helping generate an additional $1 trillion in chip sales over the next five years and reshaping several key technology markets in the process. “The chip industry took ~50 years to generate its first $1Tn in sales,” analysts led by Vivek Arya wrote. “We expect AI to help add another $1Tn in just the next five years.” Five Major Themes Expected to Fuel Industry Expansion BofA identified five structural trends that it believes will drive the next phase of semiconductor growth. The first is the rapid expansion of AI-focused data centre infrastructure. The bank estimates the total addressable market for AI data centre systems could grow from approximately $273 billion in 2025 to $1.7 trillion by 2030. Memory remains another key growth engine, supported by long-term supply agreements and strong demand visibility. The third theme centres on semiconductor manufacturing equipment and reshoring initiatives, as rising chip complexity increases investment requirements across fabrication facilities. Analog semiconductors are also expected to benefit from growing power demands linked to AI workloads, while demand for next-generation CPUs designed to support agentic AI applications represents another major opportunity. BofA estimates the server CPU market tied to agentic AI could eventually represent a $170 billion opportunity across x86 and ARM-based architectures. Industry Forecast Raised to $2.7 Trillion by 2030 Reflecting these trends, the bank increased its forecast for total semiconductor industry revenue to $2.7 trillion by 2030, up from a previous estimate of $2.3 trillion. The revised outlook implies a compound annual growth rate of approximately 28% from 2025 levels. Among all semiconductor categories, memory is expected to deliver the strongest growth, with BofA forecasting nearly 300% year-over-year expansion in 2026. Equipment Spending Forecasts Move Higher The bank also substantially increased its projections for wafer fabrication equipment spending. BofA now expects industry spending on wafer fab equipment to reach $250 billion by 2028, compared with its previous forecast of $203 billion. By 2030, annual spending could climb to approximately $292 billion. The increase reflects expectations for continued investment in advanced manufacturing capacity needed to support AI-driven demand. Micron Leads a Series of Higher Price Targets Alongside its updated industry outlook, BofA revised several semiconductor stock price targets upward. The largest increase was for Micron (NASDAQ:MU), where the target rose to $1,500 from $950. The bank cited strong demand for high-bandwidth memory and supply constraints that could persist through 2028. Applied Materials (NASDAQ:AMAT) saw its target increased to $720 from $540, while Lam Research (NASDAQ:LRCX) was lifted to $480 from $330 and KLA Corporation (NASDAQ:KLAC) to $317 from $210. Marvell (NASDAQ:MRVL) received a new target of $365, up from $240, supported by growing demand for AI connectivity solutions. Meanwhile, Intel (NASDAQ:INTC) saw its target raised to $160 from $135 as the bank highlighted opportunities in server processors and foundry services. Credo Technology (NASDAQ:CRDO) also received a higher target, increasing to $340 from $252. One Notable Exception Despite the broadly positive outlook, BofA maintained a more cautious stance on Axcelis Technologies (NASDAQ:ACLS). Although the bank raised its target price to $156 from $130, it retained an Underperform rating, arguing that the stock already reflects much of the potential upside associated with its planned merger with Veeco. Micron Technology stock price Applied Materials stock price Lam Research Corp stock price KLA Corporation stock price Marvell Technology stock price Intel stock price Credo Technology Group Holding stock price Axcelis Technologies stock price The post BofA Sees AI Driving the Next $1 Trillion in Semiconductor Revenue appeared first on US Editors. Original: BofA Sees AI Driving the Next $1 Trillion in Semiconductor Revenue

KLA Corporation Announces Ten-to-One Stock Split and Quarterly Cash Dividend PaymentMay 7, 2026 4:15 PM
PR Newswire (US) MILPITAS, Calif., May 7, 2026 /PRNewswire/ -- KLA Corporation (NASDAQ: KLAC) today announced that its board of directors approved a Ten-for-One forward stock split of the company's outstanding shares of common stock—enhancing share accessibility and reinforcing the company's long-term innovation and growth strategy.  Each stockholder of record at close of trading on Thursday, June 4, 2026, will receive nine additional shares for each share held after the close of trading on Thursday, June 11, 2026. Shares will begin trading on a split adjusted basis at market open on Friday, June 12, 2026. KLA's overall market capitalization and stockholder ownership percentages will not be affected by the stock split. "This stock split is intended to improve the accessibility and liquidity of KLA shares, while maintaining consistency with our long-term capital allocation strategy," said KLA Chief Financial Officer Bren Higgins. "We believe this action supports broader investor and employee access to our shares while remaining fully aligned with our long-term financial objectives."Additionally, KLA's board of directors approved a quarterly dividend payment of $2.30 per share, payable on June 2, 2026, to shareholders of record on May 18, 2026. This represents a 21% increase in the quarterly dividend which was announced on March 12, 2026.  The dividend to be declared in August 2026 is expected to be $0.23 per share, after giving effect to the stock split.As a result of the stock split, proportionate adjustments will be made to, among others, the number of shares of KLA's common stock underlying the company's outstanding restricted stock unit and performance-based restricted stock unit awards, the number of shares issuable under the company's equity incentive plans, and the beginning price per share for the current offering period under KLA's employee stock purchase plan.Additional information regarding the stock split, including an investor FAQ, can be found at: www.ir.kla.com.   About KLAKLA Corporation ("KLA") develops industry-leading equipment and services that enable innovation throughout the electronics industry. We provide advanced process control and process-enabling solutions for manufacturing wafers and reticles, integrated circuits, packaging and printed circuit boards. In close collaboration with leading customers across the globe, our expert teams of physicists, engineers, data scientists and problem-solvers design solutions that move the world forward. Investors and others should note that KLA announces material financial information including SEC filings, press releases, public earnings calls and conference webcasts using an investor relations website (ir.kla.com). Additional information may be found at: www.kla.com.Note Regarding Forward-Looking Statements:
Statements in this press release other than historical facts, such as statements pertaining to the amount and timing of dividends are forward-looking statements and are subject to the Safe Harbor provisions created by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current information and expectations and involve a number of risks and uncertainties. Actual results may differ materially from those projected in such statements due to various factors, including, but not limited to: our vulnerability to a weakening in the condition of the financial markets and the global economy; risks related to our international operations; evolving Bureau of Industry and Security of the U.S. Department of Commerce rules and regulations and their impact on our ability to sell products to and provide services to certain customers in China; tariffs and other trade restrictions; costly intellectual property disputes that could result in our inability to sell or use the challenged technology; risks related to the legal, regulatory and tax environments in which we conduct our business; differing stakeholder expectations, requirements and attention to environment, social and governance ("ESG") matters and the resulting costs, risks and impact on our business; unexpected delays, difficulties and expenses in executing against our environmental, climate, or other ESG targets, goals and commitments; our ability to attract, retain and motivate key personnel; our vulnerability to disruptions and delays at our third-party service providers; cybersecurity threats, cyber incidents affecting our and our business partners' systems and networks; our inability to access critical information in a timely manner due to system failures; risks related to acquisitions, integrations, strategic alliances or collaborative arrangements; climate change, earthquake, flood or other natural catastrophic events, public health crises or terrorism and the adverse impact on our business operations; the war between Ukraine and Russia, the armed conflict in Iran and elsewhere in the Middle East, and the significant military activity in those regions; lack of insurance for losses and interruptions caused by terrorists and acts of war, and our self-insurance of certain risks including earthquake risk; risks related to fluctuations in foreign currency exchange rates; risks related to fluctuations in interest rates and the market values of our portfolio investments; risks related to tax and regulatory compliance audits; any change in taxation rules or practices and our effective tax rate; compliance costs with federal securities laws, rules, regulations, NASDAQ requirements, and evolving accounting standards and practices; ongoing changes in the technology industry, and the semiconductor industry in particular, including future growth rates, pricing trends in end-markets, or changes in customer capital spending patterns; our vulnerability to a highly concentrated customer base; the cyclicality of the industries in which we operate; our ability to timely develop new technologies and products that successfully address changes in the industry; risks related to artificial intelligence; our ability to maintain our technology advantage and protect proprietary rights; our ability to compete in the industry; availability and cost of the materials and parts used in the production of our products; our ability to operate our business in accordance with our business plan; risks related to our debt and leveraged capital structure; we may not be able to declare cash dividends at all or in any particular amount; liability to our customers under indemnification provisions if our products fail to operate properly or contain defects or our customers are sued by third parties due to our products; our government funding for research and development is subject to audit, and potential termination or penalties; we may incur significant restructuring charges or other asset impairment charges or inventory write offs; we are subject to risks related to receivables factoring arrangements and compliance risk of certain settlement agreements with the government; and risks related to the Court of Chancery of the State of Delaware being the sole and exclusive forum for certain actions and proceedings. For other factors that may cause actual results to differ materially from those projected and anticipated in forward-looking statements in this press release, please refer to KLA's Annual Report on Form 10-K for the year ended June 30, 2025, and other subsequent filings with the Securities and Exchange Commission (including, but not limited to, the risk factors described therein). KLA assumes no obligation to, and does not currently intend to, update these forward-looking statements. View original content to download multimedia:https://www.prnewswire.com/news-releases/kla-corporation-announces-ten-to-one-stock-split-and-quarterly-cash-dividend-payment-302766137.htmlSOURCE KLA Corporation Original: KLA Corporation Announces Ten-to-One Stock Split and Quarterly Cash Dividend Payment

KLA shares rise after $7B buyback announcement and dividend increaseMarch 12, 2026 10:37 AM
IH Market News
KLA Corporation (NASDAQ:KLAC) gained 1.3% on Thursday, outperforming the broader technology sector as the Nasdaq 100 slipped 0.4%, after the semiconductor equipment manufacturer unveiled a $7 billion share repurchase program and increased its dividend by 21%.The new buyback authorization adds to an existing program that still had $3.944 billion available as of December 31, 2025. KLA also lifted its quarterly dividend to $2.30 per share from $1.90, marking the company’s 17th consecutive year of dividend increases.The announcements were made during KLA’s 2026 Investor Day in New York City, where executives outlined the company’s strategy and introduced a new 2030 Target Model. The company also reiterated its financial guidance for the March 2026 quarter.“KLA’s 2026 Investor Day comes at an exciting time and provides us with an opportunity to explain how KLA is uniquely positioned to continue to benefit from the current semiconductor and AI growth trends,” said Rick Wallace, President and Chief Executive Officer. “Today’s announcement of the 17th consecutive increase in our quarterly dividend and a new supplemental $7 billion share repurchase authorization reinforces our confidence in the current business environment, the growing relevance of KLA in semiconductor manufacturing and our longstanding commitment to disciplined capital allocation.”KLA also reaffirmed its previously issued outlook for the March quarter.KLA Corporation stock price

Original: KLA shares rise after $7B buyback announcement and dividend increase

KLA Hosts Investor Day; Announces $7 Billion Share Repurchase Program and 21% Increase to Quarterly Dividend; Reaffirms March 2026 GuidanceMarch 12, 2026 6:00 AM
PR Newswire (US)

Announces new $7 billion Share Repurchase AuthorizationAnnounces 21% increase in quarterly dividend level to $2.30 per share from $1.90Reaffirms current March 2026 quarter guidanceMILPITAS, Calif., March 12, 2026 /PRNewswire/ -- KLA Corporation (NASDAQ: KLAC) will hold its 2026 Investor Day today in New York City with presentations by Rick Wallace, President and Chief Executive Officer, Bren Higgins, Executive Vice President and Chief Financial Officer, and other senior executives of the Company. A live stream of the event will begin at 9:00 a.m. ET and conclude at approximately 12:30 p.m. ET. A link to the live stream and presentation materials can be found at ir.kla.com.







Management will present KLA's strategies to deliver sustainable outperformance guided by the KLA Operating Model, including in-depth reviews of the Systems and Services businesses. The Company will also introduce its new 2030 Target Model.The Company is also announcing authorization from the Board of Directors to repurchase up to $7 billion of the Company's common stock. This is in addition to the existing share repurchase authorization, which had $3.944 billion remaining as of Dec. 31, 2025. Repurchases can be made using a variety of methods, which may include open market purchases, privately negotiated transactions, accelerated share repurchase programs, or otherwise, all in accordance with the requirements of the Securities and Exchange Commission and other applicable legal requirements. The specific timing, price and size of purchases will depend on prevailing stock prices, general economic and market conditions, and other considerations. The repurchase programs do not obligate the Company to acquire any particular amount of its common stock, and the repurchase programs may be suspended or discontinued at any time at the Company's discretion.In addition, the Company is announcing an increase in the quarterly dividend level to $2.30 per share from $1.90 per share, the 17th consecutive annual increase in the quarterly dividend for KLA. The declaration and payment of future dividends is subject to the Board's discretion and will depend on financial and legal requirements and other considerations."KLA's 2026 Investor Day comes at an exciting time and provides us with an opportunity to explain how KLA is uniquely positioned to continue to benefit from the current semiconductor and AI growth trends," said Rick Wallace, President and Chief Executive Officer. "KLA's industry leading process control systems and services businesses are key enablers of the AI ecosystem and remain on track to continue to deliver sustainable market outperformance over the next several years. Investor Day provides more opportunity to review in detail our strategies to sustain our market leadership across the foundry/logic, memory, and advanced packaging markets. In addition, today's announcement of the 17th consecutive increase in our quarterly dividend and a new supplemental $7 billion share repurchase authorization reinforces our confidence in the current business environment, the growing relevance of KLA in semiconductor manufacturing and our longstanding commitment to disciplined capital allocation."Event Video Webcast Details
The presentations, which include question and answer sessions, will begin at 9:00 a.m. ET and are expected to conclude at approximately 12:30 p.m. ET. The public may access the event through a live webcast available at ir.kla.com. Presentation materials will be posted to the Investor Relations section of the Company's website today immediately following the presentations. A replay of the webcast will be available following the presentations at the same link listed above.About KLA:
KLA Corporation ("KLA") develops industry-leading equipment and services that enable innovation throughout the electronics industry. We provide advanced process control and process-enabling solutions for manufacturing wafers and reticles, integrated circuits, packaging and printed circuit boards. In close collaboration with leading customers across the globe, our expert teams of physicists, engineers, data scientists and problem-solvers design solutions that move the world forward. Investors and others should note that KLA announces material financial information including SEC filings, press releases, public earnings calls and conference webcasts using an investor relations website (ir.kla.com). Additional information may be found at: www.kla.com.Note Regarding Forward-Looking Statements:
Statements in this press release other than historical facts, such as statements pertaining to the amount and timing of dividends, the amount and timing of share repurchases, are forward-looking statements and are subject to the Safe Harbor provisions created by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current information and expectations and involve a number of risks and uncertainties. Actual results may differ materially from those projected in such statements due to various factors, including, but not limited to: our vulnerability to a weakening in the condition of the financial markets and the global economy; risks related to our international operations; evolving Bureau of Industry and Security of the U.S. Department of Commerce rules and regulations and their impact on our ability to sell products to and provide services to certain customers in China; tariffs and other trade restrictions; costly intellectual property disputes that could result in our inability to sell or use the challenged technology; risks related to the legal, regulatory and tax environments in which we conduct our business; differing stakeholder expectations, requirements and attention to environment, social and governance ("ESG") matters and the resulting costs, risks and impact on our business; unexpected delays, difficulties and expenses in executing against our environmental, climate, or other ESG targets, goals and commitments; our ability to attract, retain and motivate key personnel; our vulnerability to disruptions and delays at our third-party service providers; cybersecurity threats, cyber incidents affecting our and our business partners' systems and networks; our inability to access critical information in a timely manner due to system failures; risks related to acquisitions, integrations, strategic alliances or collaborative arrangements; climate change, earthquake, flood or other natural catastrophic events, public health crises or terrorism and the adverse impact on our business operations; the war between Ukraine and Russia, the armed conflict in Iran and elsewhere in the Middle East, and the significant military activity in those regions; lack of insurance for losses and interruptions caused by terrorists and acts of war, and our self-insurance of certain risks including earthquake risk; risks related to fluctuations in foreign currency exchange rates; risks related to fluctuations in interest rates and the market values of our portfolio investments; risks related to tax and regulatory compliance audits; any change in taxation rules or practices and our effective tax rate; compliance costs with federal securities laws, rules, regulations, NASDAQ requirements, and evolving accounting standards and practices; ongoing changes in the technology industry, and the semiconductor industry in particular, including future growth rates, pricing trends in end-markets, or changes in customer capital spending patterns; our vulnerability to a highly concentrated customer base; the cyclicality of the industries in which we operate; our ability to timely develop new technologies and products that successfully address changes in the industry; risks related to artificial intelligence; our ability to maintain our technology advantage and protect proprietary rights; our ability to compete in the industry; availability and cost of the materials and parts used in the production of our products; our ability to operate our business in accordance with our business plan; risks related to our debt and leveraged capital structure; we may not be able to declare cash dividends at all or in any particular amount; liability to our customers under indemnification provisions if our products fail to operate properly or contain defects or our customers are sued by third parties due to our products; our government funding for research and development is subject to audit, and potential termination or penalties; we may incur significant restructuring charges or other asset impairment charges or inventory write offs; we are subject to risks related to receivables factoring arrangements and compliance risk of certain settlement agreements with the government; and risks related to the Court of Chancery of the State of Delaware being the sole and exclusive forum for certain actions and proceedings. For other factors that may cause actual results to differ materially from those projected and anticipated in forward-looking statements in this press release, please refer to KLA's Annual Report on Form 10-K for the year ended June 30, 2025, and other subsequent filings with the Securities and Exchange Commission (including, but not limited to, the risk factors described therein). KLA assumes no obligation to, and does not currently intend to, update these forward-looking statements.



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Original: KLA Hosts Investor Day; Announces $7 Billion Share Repurchase Program and 21% Increase to Quarterly Dividend; Reaffirms March 2026 Guidance

KLA Declares Regular Cash DividendFebruary 5, 2026 5:00 PM
PR Newswire (US)

MILPITAS, Calif., Feb. 5, 2026 /PRNewswire/ -- The KLA Corporation (NASDAQ: KLAC) Board of Directors today declared a quarterly cash dividend of $1.90 per share on its common stock, payable on March 3, 2026 to KLA shareholders of record as of the close of business on Feb. 17, 2026.







About KLA:KLA Corporation ("KLA") develops industry-leading equipment and services that enable innovation throughout the electronics industry. We provide advanced process control and process-enabling solutions for manufacturing wafers and reticles, integrated circuits, packaging and printed circuit boards. In close collaboration with leading customers across the globe, our expert teams of physicists, engineers, data scientists and problem-solvers design solutions that move the world forward. Investors and others should note that KLA announces material financial information including SEC filings, press releases, public earnings calls and conference webcasts using an investor relations website (ir.kla.com). Additional information may be found at: www.kla.com. 



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Original: KLA Declares Regular Cash Dividend

KLA Corporation Reports Fiscal 2026 Second Quarter ResultsJanuary 29, 2026 4:05 PM
PR Newswire (US)

Total revenues were $3.30 billion, above the midpoint of the guidance range of $3.225 billion +/- $150 million;GAAP diluted EPS was $8.68 and non-GAAP diluted EPS was $8.85, both above the midpoints of the respective guidance ranges;Cash flow from operating activities for the quarter and last twelve months were $1.37 billion and $4.77 billion, respectively, and free cash flow was $1.26 billion and $4.38 billion, respectively; andCapital returns for the quarter and last twelve months were $797.4 million and $3.01 billion, respectively.MILPITAS, Calif., Jan. 29, 2026 /PRNewswire/ -- KLA Corporation (NASDAQ: KLAC) today announced financial and operating results for its second quarter of fiscal year 2026, which ended on Dec. 31, 2025, and reported GAAP net income of $1.15 billion and GAAP net income per diluted share of $8.68 on revenues of $3.30 billion.







"KLA delivered a record quarter and calendar 2025 for revenue, non-GAAP operating income, and free cash flow generation.  This performance was fueled by our differentiated product portfolio and solid company execution in an environment where the relevance of process control at the leading edge for foundry/logic and memory is increasing. As the market leader in process control, KLA is well positioned to take advantage of this long-term trend," said Rick Wallace, president and CEO of KLA Corporation. "As we look forward to calendar year 2026, KLA is a key enabler of the AI ecosystem and continues to uniquely benefit from the AI infrastructure buildout across all major growth vectors, including foundry/logic, memory, advanced packaging, and services."GAAP Results
Q2 FY 2026Q1 FY 2026Q2 FY 2025Total Revenues$3,297 million$3,210 million$3,077 millionNet Income$1,146 million$1,121 million$825 millionNet Income per Diluted Share$8.68$8.47$6.16



Non-GAAP Results
Q2 FY 2026Q1 FY 2026Q2 FY 2025Net Income$1,168 million$1,167 million$1,098 millionNet Income per Diluted Share$8.85$8.81$8.20A reconciliation between GAAP operating results and non-GAAP operating results is provided following the financial statements included in this release. KLA will discuss the results for its fiscal year 2026 second quarter, along with its outlook, on a conference call today beginning at 2:00 p.m. P.T. A webcast of the call will be available at: www.kla.com. Third Quarter Fiscal 2026 GuidanceThe following details our guidance for the third quarter of fiscal 2026 ending in March:Total revenues are expected to be in a range of $3.35 billion +/- $150 millionGAAP gross margin is expected to be in a range of 60.62% +/- 1.00%Non-GAAP gross margin is expected to be in a range of 61.75% +/- 1.00%GAAP diluted EPS is expected to be in a range of $8.85 +/- $0.78Non-GAAP diluted EPS is expected to be in a range of $9.08 +/- $0.78For additional details and assumptions underlying our guidance metrics, please see the company's published Letter to Shareholders, Earnings Slide Presentation and Earnings Infographic on the KLA investor relations website (ir.kla.com). Such Letter to Shareholders, Earnings Slide Presentation and Earnings Infographic are not incorporated by reference into this earnings release.About KLA:KLA Corporation ("KLA") develops industry-leading equipment and services that enable innovation throughout the electronics industry. We provide advanced process control and process-enabling solutions for manufacturing wafers and reticles, integrated circuits, packaging and printed circuit boards. In close collaboration with leading customers across the globe, our expert teams of physicists, engineers, data scientists and problem-solvers design solutions that move the world forward. Investors and others should note that KLA announces material financial information including SEC filings, press releases, public earnings calls and conference webcasts using an investor relations website (ir.kla.com). Additional information may be found at: www.kla.com. Note Regarding Forward-Looking Statements:Statements in this press release other than historical facts, such as statements pertaining to the amount and timing of dividends, the amount and timing of share repurchases, total revenues, GAAP and non-GAAP gross margin and GAAP and non-GAAP diluted EPS for the quarter ending March 31, 2026, are forward-looking statements and are subject to the Safe Harbor provisions created by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current information and expectations and involve a number of risks and uncertainties. Actual results may differ materially from those projected in such statements due to various factors, including, but not limited to: our vulnerability to a weakening in the condition of the financial markets and the global economy; risks related to our international operations; evolving Bureau of Industry and Security of the U.S. Department of Commerce rules and regulations and their impact on our ability to sell products to and provide services to certain customers in China; tariffs and other trade restrictions; costly intellectual property disputes that could result in our inability to sell or use the challenged technology; risks related to the legal, regulatory and tax environments in which we conduct our business; differing stakeholder expectations, requirements and attention to environment, social and governance ("ESG") matters and the resulting costs, risks and impact on our business; unexpected delays, difficulties and expenses in executing against our environmental, climate, or other ESG targets, goals and commitments; our ability to attract, retain and motivate key personnel; our vulnerability to disruptions and delays at our third-party service providers; cybersecurity threats, cyber incidents affecting our and our business partners' systems and networks; our inability to access critical information in a timely manner due to system failures; risks related to acquisitions, integrations, strategic alliances or collaborative arrangements; climate change, earthquake, flood or other natural catastrophic events, public health crises or terrorism and the adverse impact on our business operations; the war between Ukraine and Russia, escalation of hostilities in the Middle East, and the significant military activity in those regions; lack of insurance for losses and interruptions caused by terrorists and acts of war, and our self-insurance of certain risks including earthquake risk; risks related to fluctuations in foreign currency exchange rates; risks related to fluctuations in interest rates and the market values of our portfolio investments; risks related to tax and regulatory compliance audits; any change in taxation rules or practices and our effective tax rate; compliance costs with federal securities laws, rules, regulations, NASDAQ requirements, and evolving accounting standards and practices; ongoing changes in the technology industry, and the semiconductor industry in particular, including future growth rates, pricing trends in end-markets, or changes in customer capital spending patterns; our vulnerability to a highly concentrated customer base; the cyclicality of the industries in which we operate; our ability to timely develop new technologies and products that successfully address changes in the industry; risks related to artificial intelligence; our ability to maintain our technology advantage and protect proprietary rights; our ability to compete in the industry; availability and cost of the materials and parts used in the production of our products; our ability to operate our business in accordance with our business plan; risks related to our debt and leveraged capital structure; we may not be able to declare cash dividends at all or in any particular amount; liability to our customers under indemnification provisions if our products fail to operate properly or contain defects or our customers are sued by third parties due to our products; our government funding for research and development is subject to audit, and potential termination or penalties; we may incur significant restructuring charges or other asset impairment charges or inventory write offs; we are subject to risks related to receivables factoring arrangements and compliance risk of certain settlement agreements with the government; and risks related to the Court of Chancery of the State of Delaware being the sole and exclusive forum for certain actions and proceedings. For other factors that may cause actual results to differ materially from those projected and anticipated in forward-looking statements in this press release, please refer to KLA's Annual Report on Form 10-K for the year ended June 30, 2025, and other subsequent filings with the Securities and Exchange Commission (including, but not limited to, the risk factors described therein). KLA assumes no obligation to, and does not currently intend to, update these forward-looking statements.KLA Corporation


Condensed Consolidated Unaudited Balance Sheets






(In thousands)Dec. 31, 2025
June 30, 2025ASSETS


Current assets:


Cash and cash equivalents$             2,452,124
$             2,078,908Marketable securities2,755,340
2,415,715Accounts receivable, net2,073,581
2,263,915Inventories3,282,605
3,212,149Other current assets700,155
728,102Total current assets11,263,805
10,698,789Land, property and equipment, net1,344,768
1,252,775Goodwill, net1,790,597
1,792,193Deferred income taxes1,144,113
1,105,770Purchased intangible assets, net348,018
444,785Other non-current assets828,927
773,614Total assets$           16,720,228
$           16,067,926LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:


Accounts payable$                425,189
$                458,509Deferred system revenue858,088
816,834Deferred service revenue599,254
548,011Other current liabilities2,099,941
2,262,441Total current liabilities3,982,472
4,085,795Long-term debt5,886,128
5,884,257Deferred tax liabilities452,678
446,945Deferred service revenue270,549
348,844Other non-current liabilities662,670
609,632Total liabilities11,254,497
11,375,473Stockholders' equity:


Common stock and capital in excess of par value2,604,177
2,511,922Retained earnings2,860,594
2,179,330Accumulated other comprehensive income960
1,201Total stockholders' equity5,465,731
4,692,453Total liabilities and stockholders' equity$           16,720,228
$           16,067,926 KLA Corporation






Condensed Consolidated Unaudited Statements of Operations 






Three Months Ended Dec. 31,
Six Months Ended Dec.31,(In thousands, except per share amounts)2025
2024
2025
2024Revenues:






Product$     2,511,093
$     2,409,462
$     4,976,099
$     4,606,851Service786,053
667,389
1,530,743
1,311,541Total revenues3,297,146
3,076,851
6,506,842
5,918,392Costs and expenses:






Costs of revenues1,271,210
1,221,461
2,514,280
2,368,892Research and development383,871
346,157
744,332
669,302Selling, general and administrative279,919
267,081
548,907
518,123Impairment of goodwill and purchased intangible assets—
239,100
—
239,100Interest expense69,668
74,981
140,743
157,152Other expense (income), net(37,825)
(44,458)
(81,199)
(85,393)Income before income taxes1,330,303
972,529
2,639,779
2,051,216Provision for income taxes184,621
148,002
373,057
280,838Net income$     1,145,682
$         824,527
$     2,266,722
$     1,770,378Net income per share






Basic$               8.73
$               6.18
$             17.24
$             13.24Diluted$               8.68
$               6.16
$             17.15
$             13.17Weighted-average number of shares:






Basic131,278
133,327
131,517
133,730Diluted132,009
133,926
132,205
134,415 KLA Corporation


Condensed Consolidated Unaudited Statements of Cash Flows



Three Months Ended Dec. 31,(In thousands)2025
2024Cash flows from operating activities:


Net income $     1,145,682
$         824,527Adjustments to reconcile net income to net cash provided by operating activities:


Impairment of goodwill and purchased intangible assets—
239,100Depreciation and amortization99,268
103,922Unrealized foreign exchange loss and other2,304
11,346Stock-based compensation expense73,947
61,841Deferred income taxes(31,728)
(68,976)Net gain on sale of assets—
(161)Changes in assets and liabilities:


Accounts receivable191,158
(394,604)Inventories1,214
64,958Other assets(65,267)
(90,845)Accounts payable(5,027)
67,080Deferred system revenue39,285
195,357Deferred service revenue(22,082)
22,927Other liabilities(61,147)
(186,957)Net cash provided by operating activities1,367,607
849,515Cash flows from investing activities:


Proceeds from sale of assets—
161Capital expenditures(105,576)
(92,323)Proceeds from capital-related government assistance15,241
—Purchases of available-for-sale and equity securities(861,613)
(489,033)Proceeds from maturity and sale of available-for-sale securities840,909
1,193,757Purchases of trading securities(23,944)
(17,276)Proceeds from sale of trading securities22,301
18,420Net cash provided by (used in) investing activities(112,682)
613,706Cash flows from financing activities:


Repayment of debt—
(750,000)Common stock repurchases(547,750)
(650,121)Payment of dividends to stockholders(249,654)
(226,776)Issuance of common stock55,542
47,538Tax withholding payments related to vested and released restricted stock units(5,717)
(3,608)Net cash used in financing activities(747,579)
(1,582,967)Effect of exchange rate changes on cash and cash equivalents(1,433)
(19,178)Net increase (decrease) in cash and cash equivalents505,913
(138,924)Cash and cash equivalents at beginning of period1,946,211
1,977,202Cash and cash equivalents at end of period$     2,452,124
$     1,838,278Supplemental cash flow disclosures:


Income taxes paid, net$         283,901
$         361,833Interest paid, net of capitalized interest$             7,700
$           25,059Non-cash activities:


Dividends payable - financing activities$             2,174
$             2,104Unsettled common stock repurchase - financing activities$             5,500
$             5,500Accrued purchase of land, property and equipment - investing activities$           26,040
$           11,354 KLA Corporation
Segment Information (Unaudited) The following is a summary of results for each of our three reportable segments and reconciliations to total revenues for the indicated periods: 
Three Months Ended Dec. 31,
Six Months Ended Dec. 31,(In thousands)2025
2024
2025
2024Revenues:






Semiconductor Process Control$     3,004,648
$     2,755,743
$     5,904,040
$     5,330,894Specialty Semiconductor Process140,577
160,407
260,332
288,741PCB and Component Inspection152,175
161,080
341,663
299,063Total revenues for reportable segments3,297,400
3,077,230
6,506,035
5,918,698Effects of changes in foreign currency exchange rates(254)
(379)
807
(306)Total revenues$     3,297,146
$     3,076,851
$     6,506,842
$     5,918,392 KLA CorporationCondensed Consolidated Unaudited Supplemental Information Reconciliation of GAAP Net Income to Non-GAAP Net Income 


Three Months Ended
Six Months Ended(In thousands, except per share amounts)
Dec. 31,
2025
Sept. 30,
2025
Dec. 31,
2024
Dec. 31,
2025
Dec. 31,
2024GAAP net income
$   1,145,682
$   1,121,040
$      824,527
$   2,266,722
$  1,770,378Adjustments to reconcile GAAP net income to non-GAAP net income:










Acquisition-related chargesa49,002
49,026
58,656
98,028
115,350
Restructuring, severance and other chargesb—
—
2,133
—
4,995
Impairment of goodwill and purchased intangible assetsc—
—
239,100
—
239,100
Income tax effect of non-GAAP adjustmentsd(18,103)
(18,348)
(23,160)
(36,451)
(42,646)
Discrete tax itemse(8,399)
15,087
(2,812)
6,688
(579)Non-GAAP net income
$   1,168,182
$   1,166,805
$   1,098,444
$   2,334,987
$   2,086,598GAAP net income per diluted share
$            8.68
$            8.47
$            6.16
$          17.15
$          13.17Non-GAAP net income per diluted share
$            8.85
$            8.81
$            8.20
$          17.66
$          15.52Shares used in diluted net income per share calculation
132,009
132,381
133,926
132,205
134,415 Pre-tax Impact of GAAP to Non-GAAP Adjustments Included in Condensed Consolidated Unaudited Statements of Operations (In thousands)Acquisition -
Related
Charges
Restructuring,
Severance and
Other Charges
Goodwill and
Purchased
Intangible
Asset
Impairment
Total Pre-tax GAAP
to Non-GAAP
AdjustmentsThree Months Ended Dec. 31, 2025






Costs of revenues$        38,052
$                —
$                —
$                38,052Selling, general and administrative10,950
—
—
10,950Total in three months ended Dec. 31, 2025$        49,002
$                —
$                —
$                49,002Three Months Ended Sept. 30, 2025






Costs of revenues$        38,053
$                —
$                —
$                38,053Selling, general and administrative10,973
—
—
10,973Total in three months ended Sept. 30, 2025$        49,026
$                —
$                —
$                49,026Three Months Ended Dec. 31, 2024






Costs of revenues$        43,348
$              429
$                —
$                43,777Research and development2,994
1,166
—
4,160Selling, general and administrative12,314
538
—
12,852Impairment of goodwill and purchased intangible assets—
—
239,100
239,100Total in three months ended Dec. 31, 2024$        58,656
$          2,133
$      239,100
$              299,889 Reconciliation of Net Cash Provided by Operating Activities (GAAP) to Free Cash Flow 
Three Months Ended Dec. 31,
Twelve Months Ended Dec. 31,(In thousands)2025
2024
2025
2024Net cash provided by operating activities$      1,367,607
$          849,515
$      4,766,348
$      3,647,346Capital expenditures(105,576)
(92,323)
(384,013)
(285,254)Free cash flow$      1,262,031
$          757,192
$      4,382,335
$      3,362,092 Capital Returns Calculation 
Three Months Ended Dec. 31,
Twelve Months Ended Dec. 31,(In thousands)2025
2024
2025
2024Payments of dividends to stockholders$          249,654
$          226,776
$          983,401
$          819,530Common stock repurchases547,750
650,121
2,025,259
2,060,021Capital returns$          797,404
$          876,897
$      3,008,660
$      2,879,551 Third Quarter Fiscal 2026 Guidance Reconciliation of GAAP Diluted EPS to Non-GAAP Diluted EPS 

Three Months Ending March 31, 2026(In millions, except per share amounts)
Low
HighGAAP net income per diluted share
$8.07
$9.63Acquisition-related chargesa0.36
0.36Income tax effect of non-GAAP adjustmentsd(0.13)
(0.13)Non-GAAP net income per diluted share
$8.30
$9.86Shares used in net income per diluted share calculation
131.7
131.7 Reconciliation of GAAP Gross Margin to Non-GAAP Gross Margin 

Three Months Ending March 31, 2026

Low
HighGAAP gross margin
59.62 %
61.62 %Acquisition-related chargesa1.13 %
1.13 %Non-GAAP gross margin
60.75 %
62.75 %The non-GAAP and supplemental information provided in this press release is a supplement to, and not a substitute for, KLA's financial results presented in accordance with United States GAAP.To supplement our Condensed Consolidated Financial Statements presented in accordance with GAAP, we provide certain non-GAAP financial information, which is adjusted from results based on GAAP to exclude certain gains, costs and expenses, as well as other supplemental information. The non-GAAP and supplemental information is provided to enhance the user's overall understanding of our operating performance and our prospects in the future. Specifically, we believe that the non-GAAP information, including non-GAAP net income, non-GAAP net income per diluted share, non-GAAP gross margin and free cash flow, provides useful measures to both management and investors regarding financial and business trends relating to our financial performance by excluding certain costs and expenses that we believe are not indicative of our core operating results to help investors compare our operating performances with our results in prior periods as well as with the performance of other companies. The non-GAAP information is among the budgeting and planning tools that management uses for future forecasting. However, because there are no standardized or generally accepted definitions for most non-GAAP financial metrics, definitions of non-GAAP financial metrics are inherently subject to significant discretion (for example, determining which costs and expenses to exclude when calculating such a metric). As a result, non-GAAP financial metrics may be defined very differently from company to company, or even from period to period within the same company, which can potentially limit the usefulness of such information to an investor. The presentation of non-GAAP and supplemental information is not meant to be considered in isolation or as a substitute for results prepared and presented in accordance with United States GAAP. The following are descriptions of the adjustments made to reconcile GAAP net income to non-GAAP net income:a. Acquisition-related charges primarily include amortization of intangible assets and write-offs due to abandonment of in-process research and development projects. Although we exclude the effect of amortization of all acquired intangible assets from these non-GAAP financial measures, management believes that it is important for investors to understand that such intangible assets were recorded as part of purchase price accounting arising from acquisitions, and such amortization of intangible assets related to past acquisitions will recur in future periods until such intangible assets have been fully amortized. Investors should note that the use of these intangible assets contributed to our revenues earned during the periods presented and are expected to contribute to our future period revenues as well.b. Restructuring, severance and other charges primarily include costs associated with employee severance.c. Impairment of goodwill and purchased intangible assets in the three and six months ended Dec. 31, 2024 included non-cash expense recognized as a result of the company's testing for goodwill impairment and long-lived assets impairment, which resulted from the continued deterioration of the long-term forecast for our PCB business. Management believes that it is appropriate to exclude these impairment charges as they are not indicative of ongoing operating results and therefore limit comparability. Management also believes excluding this item helps investors compare our operating performance with our results in prior periods as well as with the performance of other companies.d. Income tax effect of non-GAAP adjustments includes the income tax effects of the excluded items noted above.e. Discrete tax items in the three and six months ended Dec. 31, 2025 and in the three months ended Sept. 30, 2025 include the recognition or adjustment of a deferred tax liability for withholding taxes on future remittance of previously taxed income as a result of new tax legislation. Discrete tax items in the three months ended Dec. 31, 2025 also include an adjustment of certain deferred tax benefits for a change in tax rate due to change in tax incentives. Discrete tax items in the three and six months ended Dec. 31, 2024 include the recognition of a net deferred tax asset on foreign currency gains/losses resulting from new tax legislation. Discrete tax items in all periods presented include a tax impact relating to the amortization of tax benefits from internal restructuring or similar tax benefits recorded in other periods. 



View original content to download multimedia:https://www.prnewswire.com/news-releases/kla-corporation-reports-fiscal-2026-second-quarter-results-302674324.htmlSOURCE KLA Corporation

Original: KLA Corporation Reports Fiscal 2026 Second Quarter Results

KLAC, new all time high

KLAC New ATH 9/11/2025

KLAC, new 52:week high

KLAC, 10Q due 4/30

Tech (Ecommerce, Social Media, etc.) - Chipset held over rush hour traffic by Jae Young Ju via iStock
Semiconductor stocks have helped fuel the market rally, led by Nvidia (NVDA), since specialized chips are an essential piece of architecture needed to support the artificial intelligence (AI) boom. However, after Nvidia's forecast for slower - but still robust - revenue growth in its late August earnings report, semiconductor stocks faltered as a group amid growth concerns.

But, just as Fed Chairman Jerome Powell characterized the central bank's 50-basis point rate cut as a “recalibration” of policy, rather than a reaction to a softening economy, the recent pullback in chips could simply present an opportunity to buy stocks at a more reasonable price - rather than signaling the start of a serious fundamental weakening in the market.

The long-term outlook for semiconductors remains strong, with industry data showing strong demand. That said, analysts at Citi caution that the semiconductor equipment sector may see further corrections in the first half of 2025 due to changing market dynamics affecting demand in key segments such as PCs, smartphones, and autos.

Despite these headwinds, the firm notes that semiconductor stocks KLA Corporation (KLAC), Applied Materials (AMAT), and Lam Research Corporation (LRCX) should hold up well in this environment. All three stocks have pulled back from their highs, and offer relatively higher exposure to the foundry and logic corners of the market - which, according to Citi, leaves them well-positioned to ride out any cyclical choppiness in the industry.

#1. KLA Corporation

Based in California, KLA Corporation (KLAC) is a leading provider of process control and yield management systems for the chip-making and electronics industries worldwide. The company develops advanced inspection and metrology tools used in the production of integrated circuits, helping manufacturers improve quality and efficiency their chip fabrication processes.

Valued at $103.9 billion, shares of the semiconductor firm have rallied 67.8% over the past year, outpacing the broader S&P 500 Index's ($SPX) gain of 29.5%.

However, KLAC has pulled back about 15% from its July highs, which means it's still possible to buy the dip in this outperforming stock. Shares of KLAC trade at around 25 times forward adjusted earnings, which is in line with its sector peers. This suggests that KLAC is reasonably valued at current levels.


www.barchart.com
Over the last 14 years, the semiconductor company has consistently increased dividends, with a compound annual growth rate (CAGR) of 14% in the last five years. Currently, KLAC pays an annualized dividend of $5.80, maintaining a yield of 0.75%.

In its fiscal fourth quarter, KLAC outperformed Wall Street's estimates by hitting revenue of $2.57 billion, marking 9% growth year-over-year and surpassing estimates by $54 million. Among its many critical hardware segments, a large portion of revenue came through the Defect Inspection segment, which brought in $1.17 billion, underscoring the growing demand for its inspection tools and systems.

Net income grew to $836 million, with a gross profit margin of 60%, which is quite impressive in the semiconductor sector. On an adjusted basis, KLAC's adjusted EPS edged past analysts' estimates at $6.60 per share, up 15% year over year.

Looking ahead, analysts anticipate KLAC's EPS to grow 22% to $29.09 this fiscal year, with revenue projected to grow to $11.45 billion.

Overall, Wall Street analysts have a consensus rating of "moderate buy" for KLAC stock, with a mean price target of $863.41. This implies an expected upside potential of 13.7% over Friday's close.

KLAC new 52 week hi

KLAC new 52 week high

KLAC new 52=week high

KLAC new 52 week high

KLAC new 52 week high

KLAC new 52 week high

KLAC new 52 week high

KLAC new 52 week high

KLAC new 52 week high

Alert: KLA Corp $KLAC Nears Technical Short Level


Shares of KLA Corp (KLAC) have surged since June from a pivot low of $101 to its current $125.50. Technical signals are now entering extreme overbought but pro traders think there is one more push higher. The technical short signal is at $128.50. At this level ($3 away) KLA Corp will tag a major gap fill and double top. This will trigger the highest reward/lowest risk short trade for investors. Note the chart below.




Nick Santiago
InTheMoneyStocks

$KLAC KLA-Tencor Corporation to Change Name to KLA Corporation to Represent the Company's Broader Scope and Optimistic Vision

Source: PR Newswire (US)
MILPITAS, Calif., Jan. 10, 2019 /PRNewswire/ -- KLA-Tencor Corporation (NASDAQ: KLAC), the leading provider of advanced process control solutions, today announced that it will be changing its name to KLA Corporation. At the same time, the company is rebranding and adopting the tagline Keep Looking Ahead™, to indicate KLA's optimistic view of technology's impact on the world.

Logo - https://mma.prnewswire.com/media/806571/KLA_Corporation_Logo.jpg

"Our old name and identity have served us well since KLA and Tencor merged in 1997," said Rick Wallace, president and CEO of KLA. "Our new, simplified name and more contemporary identity will better reflect and more effectively communicate our vision of the future to new employees and new customers—while retaining the strength of our industry-leading brand. Our new brand is designed to signify our confidence in technology's ability to drive positive change in the world, lifting global society through many avenues including IoT, AI, and other technologies that connect us. KLA's products and solutions play a key role in enabling these devices and experiences."

About KLA:
KLA Corporation develops industry-leading equipment and services that enable innovation throughout the electronics industry. We provide advanced process control solutions for manufacturing wafers and reticles, integrated circuits and packaging. In close collaboration with leading customers across the globe, our expert teams of physicists, engineers, data scientists and problem-solvers design solutions that move the world forward. Additional information may be found at www.kla.com (KLAC-F).

Forward Looking Statements:
Statements in this press release other than historical facts, such as statements regarding the change in KLA's name, are forward-looking statements, and are subject to the Safe Harbor provisions created by the Private Securities Litigation Reform Act of 1995. The actual timing of the name change is not expected to be immediate and may not occur prior to the start of the company's new fiscal year in July 2019, as KLA updates its systems and processes to reflect the new name. These forward-looking statements are based on current information and expectations, and involve a number of risks and uncertainties. Actual results may differ materially from those projected in such statements.



Cision View original content:http://www.prnewswire.com/news-releases/kla-tencor-corporation-to-change-name-to-kla-corporation-to-represent-the-companys-broader-scope-and-optimistic-vision-300776106.html

SOURCE KLA Corporation


Copyright 2019 PR Newswire

$KLAC Is Getting Clocked, Here's My Swing Trade Level

This morning, the leading semiconductor equipment stocks are tumbling lower. Leading stocks such as KLA-Tencor Corp (NASDAQ:KLAC), Applied Materials Inc (NASDAQ:AMAT) and Lam Research Corp (NASDAQ:LRCX) are all trading down by 3.0 percent or more.



The big loser in the industry group is KLA-Tencor Corp (NASDAQ:KLAC). The stock is falling lower by 8.65 percent to $108.56 a share. The stock has very solid daily chart support around the $107.30 level, this area was successfully tested earlier today. Should KLAC stock fail to hold this support area on a daily chart closing basis then it would signal another decline in the near term for the shares. The next key support area for KLAC stock would be around the $103.00 level. This support area was where the stock was defended in late July and will likely be defended again if retested. I will be watching this level closely for a long trade in the next few weeks.




Nicholas Santiago
InTheMoneyStocks

$KLAC Daily and Weekly Chart

$KLAC Daily Chart

$KLAC Daily & Weekly Charts

$KLAC Daily and Weekly Chart

$KLAC Daily & Weekly Chart

$KLAC Daily & Weekly Chart

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Technical alerts: Expansion Breakout, Gilligan's Island Sell Setup, Stochastic Sell Signal, Lizard Bearish, http://swingtradebot.com/equities/KLAC

KLAC X Div info


Declaration Date Nov 19, 2014

Ex-Dividend Date Nov 26, 2014

Record Date Dec 01, 2014

Payable Date Dec 09, 2014

Dividend $ Amount $16.50

http://finance.yahoo.com/news/kla-tencor-declares-special-cash-003000289.html


KLA-Tencor Declares Special Cash Dividend, Announces Planned Redemption of Senior Notes due 2018, and Updates Outlook for Second Quarter of Fiscal Year 2015 Resulting from Previously Announced Leveraged Recapitalization Transaction

MILPITAS, Calif., Nov. 19, 2014 /PRNewswire/ -- KLA-Tencor Corporation (KLAC) announced that its Board of Directors has declared a special cash dividend of $16.50 per share on its common stock payable on December 9, 2014 to KLA-Tencor stockholders of record as of the close of business on December 1, 2014. KLA-Tencor's Board of Directors has also authorized the redemption of $750.0 million outstanding principal amount of KLA-Tencor's 6.900% Senior Notes due 2018.

"We are pleased with the successful completion of the financing of our leveraged recapitalization transaction, and the declaration of our special cash dividend of $16.50 per share," said Rick Wallace, President and Chief Executive Officer of KLA-Tencor. "This is a major step forward for the Company in executing our capital allocation strategies in support of our strategic objectives, and fueling strong stockholder returns."

The company also revised its outlook for the second quarter of fiscal year 2015 following the closing of its previously announced registered offering of approximately $2.5 billion aggregate principal amount of its Senior Notes under an effective Registration Statement (including a prospectus supplement and accompanying base prospectus) on file with the Securities and Exchange Commission. The revised outlook for the second quarter of fiscal year 2015 also reflects the impact of the planned redemption of $750.0 million outstanding principal amount of KLA-Tencor's 6.900% Senior Notes due 2018 (including the payment of associated redemption premiums, accrued interest and related fees and expenses), borrowings of $750.0 million under term loans provided under a credit agreement and a $500.0 million unfunded revolving credit facility.

Special Cash Dividend of $16.50 per Share

The special cash dividend was approved by KLA-Tencor's Board of Directors on November 19, 2014 and will be payable on December 9, 2014 to stockholders of record at the close of business on December 1, 2014. Of the $16.50 per share distribution, KLA-Tencor currently expects between $11.50 to $12.50 per share to be characterized as a dividend, and the remaining amount of the distribution to be characterized as a return of capital. The ultimate tax characterization of the distribution will be reported to stockholders on a Form 1099-DIV shortly after the end of the calendar year. Stockholders should consult their tax advisors regarding the tax effects of the special cash dividend to them.

Redemption of $750.0 million Principal Amount of KLA-Tencor's 6.900% Senior Notes due 2018

KLA-Tencor will redeem $750.0 million outstanding principal amount of KLA-Tencor's 6.900% Senior Notes due 2018 on December 19, 2014 ("Redemption Date"). The redemption price will be equal to the greater of (1) 100% of the principal amount of the notes to be redeemed or (2) the sum of the present values of the remaining scheduled payments of principal and interest on the notes to be redeemed (exclusive of interest accrued to the Redemption Date), discounted to the Redemption Date on a semi-annual basis, at a rate equal to the sum of the treasury rate plus 50 basis points, plus the accrued and unpaid interest to, but not including, the Redemption Date.

Revised Outlook for the Second Quarter of Fiscal Year 2015

For the second quarter of fiscal year 2015 ending December 31, 2014, GAAP diluted earnings is expected to be in the range of $(0.19) to $0.05 per share. Other income and expense for the second quarter of 2015 (including incremental interest expense from the issuance of new borrowings described above) is expected to be a net expense of approximately $30 million. Additionally the estimated loss on extinguishment of $750.0 million outstanding principal amount of KLA-Tencor's 6.900% Senior Notes due 2018 is expected to be approximately $131 million.

Non-GAAP diluted earnings is expected to be in the range of $0.37 to $0.61 per share. In addition to the regular non-GAAP adjustments related to the effects of amortization of acquired intangible assets and restructuring, severance and other related charges, which have an impact of approximately $0.02 per share each, the revised guidance excludes approximately $0.80 per share related to the estimated loss on extinguishment of $750.0 million outstanding principal amount of KLA-Tencor's 6.900% Senior Notes due 2018, and approximately $0.01 per share for third-party expenses related to the leveraged recapitalization, partially offset by an approximately $(0.29) per share benefit related to the income tax effects of all of the revised items noted above.

Adjustment to Certain Outstanding Equity Awards

In connection with the special cash dividend, the Board of Directors and the Compensation Committee of the Board of Directors have approved a proportionate and equitable adjustment to outstanding equity awards (restricted stock units and stock options), as required under the 2004 Equity Incentive Plan, subject to the vesting requirements of the underlying awards

Wowza - special cash dividend of $16.50 per share, representing approximately 23% of the Company's common stock price as of October 22, 2014, or an aggregate value of approximately $2.75 billion.

KLAC reported 4th quarter 2014 earnings of $0.8 per share on July 24, 2014. This missed the $0.86 consensus expectations of the 18 analysts following the company
Zack Investment Research downgrade KLAC –KLA TENCOR Corporation to UNDERPERFORM
Columbine Capital Services downgrade KLAC –KLA TENCOR Corporation to UNDERPERFORM
Ford Equity Research downgrade KLAC –KLA TENCOR Corporation to SELL
INSIDE TRANSACTION -Negative
Bell Bobby R. - Executive Vice President Sell on 08/08 /2014 5,740 price $71.72
Kirk Michael D. Executive Vice President Sell on 08/07/2014 1596 price $72.30
Martin Brian M. General Counsel Sell 6975 price on 08/07/2014 $72.30
Kirloskar Virendra A. Chief Accounting Officer Sell on 08/07/2014 6632 price $72.30
Kirloskar Virendra A. Chief Accounting Officer Sell on 08/06/2014 3088 price $70.91
Martin Brian M. General Counsel Sell 6178 price on 08/06/2014 $70.91

Kla-Tencor has the Highest Operating Margin in the Semiconductor Equipment Industry (KLAC, GTAT, UTEK)

KLA-Tencor prices $750 million offering of senior notes
Wednesday April 30, 5:49 pm ET
KLA-Tencor prices $750 million senior notes offering, proceeds to be used for general purposes

SAN JOSE, Calif. (AP) -- KLA-Tencor Corp., which sells microchip testing equipment, priced $750 million in a senior notes offering Wednesday.

The company said the notes will be due May 1, 2018, with a coupon of 6.9 percent. Proceeds from the offering will be used for general corporate purposes, which could include buyouts and stock buybacks.

Merrill Lynch & Co. is acting as the sole book-running manager of the offering.

Shares of KLA-Tencor rise $2.05, or 4.7 percent, to $45.73 in after-hours trading after falling $2.05, or 4.5 percent to close at $43.68 during the regular trading session.

http://biz.yahoo.com/ap/080430/kla_tencor_notes_offering.html?.v=1

KLA-Tencor assigned 'BBB' corporate credit rating with stable outlook - S&P
04.29.08, 2:37 AM ET

MUMBAI (Thomson Financial) - Standard & Poor's Ratings Services said it assigned its 'BBB' corporate credit rating to California-based microchip testing equipment manufacturer KLA-Tencor Corp, with a stable outlook.

The ratings agency also assigned its 'BBB' rating to the company's proposed senior notes, which will be issued in two tranches and be used for general corporate purposes.

'Our ratings on KLA reflect the company's leading position in the semiconductor metrology and inspection equipment industry, good profitability, and moderate leverage,' S&P said.

These factors are offset partially by substantial industry cyclicality and technology risks, it added.

Sector Snap: Chip makers waver after weak AMD results
Friday April 18, 1:15 pm ET
Shares of semiconductor stocks waver after weak AMD results, worrying equipment sales data


NEW YORK (AP) -- Semiconductor stocks wavered Friday, missing the technology sector boost provided by strong Google Inc. results as Advanced Micro Devices Inc. reported a weak quarter.
Furthermore, an industry trade group published discouraging data on sales of semiconductor manufacturing equipment.

The chip sector, as measured by the Philadelphia Semiconductor Index, slid 2.74 points to 368.28 in midday trading, while the Nasdaq Composite Index rose 2.3 percent.

Oppenheimer & Co. analyst Rick Schafer said in an investor note that AMD's results point to continued market share los for the chip maker. He advocated a cautious stance on AMD, noting "strong momentum from a revitalized Intel."

AMD shares slipped 4 cents to $6.15, while shares of leading chip maker Intel rose 43 cents to $22.54.

Elsewhere, shares of Emcore Corp. lost 2 cents to $6.97 following the chip maker's analyst day.

Oppenheimer & Co. analyst Sam Dubinsky said in an interview that the stock is now in "show me mode" and that it's time for the company to delivery on numbers, particular in its solar sector.

Meanwhile, trade association Semiconductor Equipment and Materials International reported that in the three months ended in March, orders for North American chip manufacturing equipment fell 18 percent year over year amid economic uncertainty.

Shares of the world's largest supplier of chip manufacturing equipment, Applied Materials Inc., edged up 15 cents to $19.32. KLA-Tencor Corp. added 29 cents to $42.84 and Novellus Systems Inc. rose 36 cents to $22.49.

Tuesday, April 8, 2008 - 10:10 AM PDT
KLA-Tencor plans to buy Belgian company
Silicon Valley / San Jose Business Journal

KLA-Tencor Corp. said Tuesday it launched a tender offer for ICOS Vision Systems Corp.

The San Jose-based semiconductor testing equipment maker (NASDAQ:KLAC) said the bid price is the equivalent of about $57.33 per share, $51.46 for each 2002 warrant and $8.80 for each 2007 option.

Leuven, Belgium-based ICOS makes inspection equipment for semiconductor packaging and other uses. The tender offer ends May 19.

KLA-Tencor said it expects the transaction to close in the second quarter of this year.

The transaction will takes place only if it meets certain conditions "including the offer acceptance by holders of at least 85 percent of ICOS's outstanding shares, not distributing any new dividend before the completion of the bid and the absence of any material adverse change with respect to ICOS," the company said.

KLA-Tencor Shares Rise After Upgrade
Thursday March 27, 4:44 pm ET
KLA-Tencor Shares Climb After Analyst Upgrades Company and Sector on Stock Correction

NEW YORK (AP) -- Shares of KLA-Tencor are up modestly in afternoon trading after a Friedman Billings Ramsey analyst upgraded the maker of semiconductor testing equipment.

Friedman's Mehdi Hosseini upgraded the San Jose, Calif.-based company to "Outperform" from "Market Perform," along with several other companies in the sector. He lifted his view of the semiconductor capital equipment sector to "Overweight."

"Following a 30 percent correction in stocks in the coverage universe since our early October downgrade, we now have incremental confidence to conclude that most of the 'bad' news is already in stocks and that fundamentals should start to improve by the fourth quarter of 2008," he wrote in a note to clients.

He added that investors should begin buying shares of select companies in the sector, and said he would consider any pullback in share price as a buying opportunity.

KLA-Tencor stock advanced 13 cents to finish at $37.13.

http://biz.yahoo.com/ap/080327/kla_tencor_mover.html?.v=3

KLA-Tencor Announces Resignation of Chief Financial Officer

SAN JOSE, Calif., Mar 03, 2008 (BUSINESS WIRE) -- KLA-Tencor Corporation today announced that Jeffrey Hall will resign from his position as senior vice president and chief financial officer, effective March 31, 2008, to pursue an opportunity closer to his mid-western hometown.

The KLA-Tencor Board of Directors has appointed John Kispert, who is KLA-Tencor's president and chief operating officer, as the interim chief financial officer, effective March 31, 2008. Kispert will also retain his duties as president and chief operating officer. In addition, the Board of Directors appointed Virendra Kirloskar, currently vice president and corporate controller of KLA-Tencor, as the company's chief accounting officer, effective March 31, 2008.

"Jeff has made significant contributions to KLA-Tencor and specifically within our finance organization, of which we are very appreciative. We are fortunate to have John Kispert, previously the CFO at KLA-Tencor, step in during our search for a replacement to ensure a smooth transition," said Rick Wallace, chief executive officer of KLA-Tencor.

About KLA-Tencor

KLA-Tencor is the world leader in yield management and process control solutions for semiconductor manufacturing and related industries. Headquartered in San Jose, California, the company has sales and service offices around the world. An S&P 500 company, KLA-Tencor is traded on the NASDAQ Global Select Market under the symbol KLAC. Additional information about the company is available at http://www.kla-tencor.com.

SOURCE: KLA-Tencor Corporation

KLA Tencor affirms forecast for bookings decline
Tue Mar 4, 2008 12:07pm EST

SAN FRANCISCO, March 4 (Reuters) - KLA Tencor Corp (KLAC.O: Quote, Profile, Research) on Tuesday reiterated its forecast for fiscal third-quarter orders to be flat to 20 percent lower compared with the December period.

The semiconductor tools maker also affirmed its January forecast for revenue of $575 million to $595 million for the current quarter ending this month, and earnings per share of 60 cents to 64 cents.

Company executives reiterated the forecast at a Morgan Stanley technology investment conference in Dana Point, California. (Reporting by Philipp Gollner)

http://www.reuters.com/article/marketsNews/idUKN0448366120080304?rpc=44