Apple's Earnings Beat Expectations, Shares Rise Slightly
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 7h ago
0mins
Source: CNBC
- Apple's Strong Earnings: Apple reported fiscal Q1 earnings of $2.84 per share, surpassing the $2.67 expected by analysts, with revenue hitting $143.76 billion, significantly above the $138.48 billion forecast, driven by robust sales of the iPhone 17 models, particularly in China, where revenue surged 23% year-over-year.
- Sandisk's Positive Guidance: Sandisk provided a strong outlook for fiscal Q3, projecting adjusted earnings between $12 and $14 per share, well above the consensus of $5.11, with second-quarter results also exceeding Wall Street estimates, leading to an 11% increase in stock price.
- Visa's Stock Decline: Despite reporting fiscal Q1 earnings of $3.17 per share and revenue of $10.9 billion, both exceeding analyst expectations, Visa's shares fell nearly 2% in after-hours trading, indicating market concerns about future growth prospects.
- Deckers' Optimistic Outlook: Deckers Outdoor forecasts earnings for the 2026 fiscal year between $6.80 and $6.85 per share, with revenue projected at $5.4 billion to $5.43 billion, surpassing analyst expectations, which resulted in a 12% surge in stock price.
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Analyst Views on KLAC
Wall Street analysts forecast KLAC stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for KLAC is 1393 USD with a low forecast of 1214 USD and a high forecast of 1750 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
20 Analyst Rating
14 Buy
6 Hold
0 Sell
Moderate Buy
Current: 1627.200
Low
1214
Averages
1393
High
1750
Current: 1627.200
Low
1214
Averages
1393
High
1750
About KLAC
KLA Corporation is a supplier of process control and yield management solutions and services for the semiconductor and related electronics industries. The Company offers a portfolio of inspection and metrology products, and related services, software and other offerings, supports research and development (R&D) and manufacturing of integrated circuits (ICs), wafers and reticles. Its segments include Semiconductor Process Control, Specialty Semiconductor Process, and PCB and Component Inspection. Semiconductor Process Control segment provides comprehensive portfolio of inspection, metrology and software products, as well as related services, helping IC, wafer, reticle/mask and chemical/materials manufacturers achieve target yields throughout the entire fabrication process, from R&D to final volume production. The Specialty Semiconductor Process segment develops and sells advanced vacuum deposition and etch process tools, which are used by a range of specialty semiconductor customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
KLA Corporation Set to Announce Q2 Earnings on January 29th
- Earnings Announcement: KLA Corporation is set to release its Q2 earnings on January 29th after market close, with consensus EPS estimate at $8.80, reflecting a 7.3% year-over-year increase, and revenue estimate at $3.25 billion, up 5.5% year-over-year, indicating sustained profitability and market confidence.
- Record of Beating Estimates: Over the past two years, KLA has consistently beaten EPS and revenue estimates 100% of the time, showcasing strong performance and effective management strategies that bolster investor confidence in future results.
- Estimate Revision Trends: In the last three months, KLA's EPS estimates have seen 18 upward revisions and 4 downward revisions, while revenue estimates experienced 19 upward revisions and 1 downward revision, reflecting analysts' optimistic outlook on the company's growth trajectory and reinforcing its market position.
- Positive Industry Outlook: With the AI-driven semiconductor capital expenditure boom, KLA is viewed as a primary beneficiary, particularly in light of Intel's $9.1 billion capital expenditure commitment for 2026, underscoring the company's strategic significance in the rapidly evolving semiconductor market.
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KLA Corporation Reports Strong Q2 2026 Earnings with AI-Driven Growth
- Significant Revenue Growth: KLA achieved $12.745 billion in revenue for fiscal 2025, marking a 17% year-over-year increase, with process control systems revenue up 19% and service business up 15%, demonstrating the company's robust performance and market leadership in the semiconductor sector.
- Earnings Per Share Increase: The fiscal 2025 earnings per share grew by 29% to $8.85, with a gross margin of 62.6%, reflecting enhanced operational efficiency and bolstering investor confidence in future growth prospects.
- Record Cash Flow: The quarterly free cash flow reached $1.26 billion, with total capital returned amounting to $797 million, including $548 million in share repurchases and $250 million in dividends, showcasing the company's strong cash generation capabilities and shareholder return strategy.
- Optimistic Market Outlook: Management projects the core WFE market to grow to $120 billion in 2026, with the advanced packaging market expected to follow a similar growth trajectory, reaching a total market size of $130 billion, despite facing supply chain bottlenecks and DRAM cost pressures, the company maintains a positive long-term growth outlook.
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