KLA Corporation expected to report strong Q4 earnings, driven by demand for wafer inspection

From Nasdaq: 2024-07-19 09:58:00

KLA Corporation is set to report its fourth-quarter fiscal 2024 results on July 24. Revenue is expected to be $2.50 billion, with non-GAAP earnings of $6.07 per share. The company has surpassed earnings estimates in the past four quarters with an average surprise of 7.44%.

KLA’s performance is likely boosted by strong demand for wafer inspection and advanced packaging applications. The company expects significant growth in the advanced packaging business, offsetting weaknesses in other areas. Investments in Foundry & Logic and increasing complexity in AI applications drive top-line growth.

Despite a positive outlook, KLA has an Earnings ESP of 0.00% and a Zacks Rank #2. Other companies like Arista Networks and Apple show potential for earnings beat with strong stock performance and positive ESP. The infrastructure stock boom in the U.S. presents opportunities for investors to capitalize on the upcoming spending surge. Download the free Zacks Special Report for insights into potential growth in construction and related sectors.



Read more at Nasdaq: KLA (KLAC) Set to Report Q4 Earnings: What’s in the Cards?