Research · Sep 3, 2026
KLA FY25 (Jun 30, 2025 FYE) at $12.16B revenue (+24% from $9.81B FY24 trough). Semi Process Control $10.95B (+25%) — KLA's core ~50% global share franchise. Specialty Semi Process $587M (+11%); PCB & Component Inspection $622M (+13%). Gross margin 60.9% (vs 60.0%); Net income $4.06B (+47%); Diluted EPS $30.37 (+50%). FCF $3.74B (+23%); capital return $3.05B (buyback $2.15B + div $905M, 82% of FCF). 11 analysts: 9 Buy / 2 Hold; consensus $1,781.27, range $1,600-$1,900. UBS +$260 PT raise (Apr 21) the largest absolute action; Jefferies -$150 the lone cut.
Research · Aug 25, 2026
Applied Materials hands suppliers an eight-quarter build schedule and KLA is signing 2029 component capacity deals; Camtek's orders now ship in 2027.
Research · Apr 27, 2026
ASM International's Q3 beat and raised FY24 guidance spotlight the AI chip production surge, boosting demand for advanced tools from US-listed leaders like AMAT, LRCX, and ASML. These six equipment firms show strong positioning via record backlogs and AI-tied growth, with ASML and AMAT topping conviction rankings. Investors should track foundry capex updates amid potential geopolitical risks.
Research · Apr 13, 2026
Japan's $16B Rapidus funding ignites a fab boom, favoring US equipment leaders AMAT, LRCX, and KLAC while challenging TSM. NVIDIA and QCOM gain indirectly from capacity growth. Ranked picks highlight equipment purity over foundry risks.
