KLA Corporation (KLAC) Reaffirms Outlook on Analyst Day

KLA Corporation (NASDAQ:KLAC) is one of the Good Stocks to Buy Now. KLA Corporation (NASDAQ:KLAC) held its analyst day on March 12, where the company reaffirmed its fiscal Q3 2026 outlook and also announced its 2030 targets. The stock has gained more than 9% since the analyst day.

​Following the event, Wolfe Research reiterated an Outperform rating on the stock with a price target of $1,800. During the event, management reaffirmed its fiscal Q3 guidance of revenue around $3.35 billion, along with a non-GAAP gross margin of around 61.75%.

​The company noted that the industry environment for calendar year 2026 remains strong across all segments. Management noted that they expect Wafer Equipment, incl. The Advanced Packaging industry during calendar year 2026 to be in the range of $135 billion to $140 billion, up around 11% year-over-year. Moreover, the calendar year 2027 is also expected to remain strong with a growth rate similar to or higher than that of 2026.

​Similarly, management also presented its 2030 target that indicates revenue of around $26 billion along with an EPS of $84. These targets rely on a $215 billion wafer fab equipment market, KLA’s process control share gains, rising inspection intensity, and service growth accelerating to 13% to 15% annually. Wolfe Research noted that DRAM inspection intensity and advanced logic checks will rise due to AI-driven compute and memory needs.

​KLA Corporation (NASDAQ:KLAC) is involved in the supply of process control and yield management solutions for the semiconductor and related nano-electronics industries.

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