KLAC•KLAC•KLA Corp forecast first-quarter revenue and profit above Wall Street estimates on Tuesday, betting that continued investment in AI infrastructure would sustain strong demand for its chipmaking tools.
The California-based company said it expects first-quarter revenue of $4 billion, plus or minus $200 million, ahead of analysts' average estimate of $3.92 billion, according to data compiled by LSEG.
It forecast adjusted earnings of $1.16 per share, plus or minus 10 cents, for the quarter, also ahead of an estimate of $1.14.
The semiconductor equipment maker's fourth-quarter revenue grew 15.1% to $3.66 billion, beating estimates of $3.60 billion.
Adjusted profit came in at $1.05 per share, compared with an estimate of $1.
Shares of the California-based company fell 8% in extended trading. They have risen over 57% so far this year.
KLA provides process control and yield management systems, which are critical for identifying and correcting defects during the semiconductor manufacturing process. Its tools become more vital as chipmakers move to smaller and more complex production nodes.
