From Zacks Investment Research: 2025-02-14 14:28:08

KLA Corporation (KLAC) shares have surged 21.5% this year, outperforming the Computer & Technology sector and Electronics – Miscellaneous Products. The company’s outperformance can be attributed to strong demand for semiconductor equipment and services. In the second quarter of fiscal 2025, KLAC’s revenues hit $3.08 billion, surpassing expectations. The company is capitalizing on AI adoption and advanced packaging growth, with revenues expected to exceed $800 million in 2025. KLAC’s solutions are boosting IC substrate manufacturing growth and the company has provided stable guidance for the third quarter of fiscal 2025. Despite being overvalued, KLAC remains a top pick for investors with a Zacks Rank #2.



Read more at Zacks Investment Research: KLA Corporation Stock Up 21% Year to Date: Is It Still a Good Buy? – February 14, 2025