KLA jumps as Q3 beat and June-quarter outlook drive renewed bullish calls
KLAC•KLA shares rose about 3% Tuesday after its April 29 fiscal Q3 2026 results highlighted $3.415B revenue and $9.12 GAAP EPS, and management guided June-quarter revenue to $3.575B ± $200M. The move is being reinforced by fresh analyst price-target hikes, including a Needham increase to $2,000 while reiterating a Buy rating.
1. What’s moving the stock
KLA (KLAC) traded higher Tuesday, extending a post-earnings rebound as investors continue to re-price the stock around a stronger near-term demand and margin profile. The key catalyst is the company’s fiscal Q3 2026 report (released April 29, 2026) and its forward guidance for the quarter ending June 30, 2026, which set expectations for revenue of $3.575 billion plus or minus $200 million and non-GAAP diluted EPS of $9.87 plus or minus $1.00. (ir.kla.com)
