KLA Analysts Cut Their Forecasts Following Q1 Earnings

KLA Corp. (NASDAQ:KLAC) on Wednesday posted upbeats first-quarter fiscal 2027 results and issued a strong financial outlook.

KLA reported quarterly earnings of $1.22 per share, which beat the consensus estimate of $1.18 by 3.39%, per Benzinga Pro data. Quarterly revenue came in at $4.14 billion, which beat the Street estimate of $4.04 billion and was up from $3.21 billion in the same period last year. 

"KLA’s September quarter beat the midpoint of guidance across all key metrics, demonstrating the accelerated growth we expected for the second half of calendar 2026," said CEO Rick Wallace.

KLA expects second-quarter adjusted EPS between $1.33 and $1.55, versus the $1.38 analyst estimate, and revenue in a range of $4.5 billion to $4.9 billion, versus the $4.54 billion estimate.

KLA shares gained 2.4% to $162.64 in pre-market trading.

These analysts made changes to their price targets on KLA following earnings announcement.

• Needham analyst Charles Shi maintained the stock with a Buy and lowered the price target from $270 to $200.
• Cantor Fitzgerald analyst C.J. Muse maintained the stock with an Overweight rating and cut the price target from $325 to $225.

Considering buying KLAC stock? Here’s what analysts think:

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