Movement Alert|KLA-Tencor Rises 3.29% Overnight, Analyst Highlights Secular Growth in Process Control and Services Segment

Market Focus07-30

On July 30, KLA-Tencor rose 3.29% overnight, trading at $176.28/share, with turnover of $495,500. The rebound follows a sharp post-earnings sell-off of over 9% in the prior session.

On the news front, RBC highlighted that KLA-Tencor is benefiting from secular growth in process control intensity and double-digit growth in its Services segment, while management has raised its 2026 wafer fab equipment forecast. Additionally, Berenberg adjusted its price target to $230 and maintained its Buy rating following the company's stock split. The average analyst rating remains overweight with a mean price target of $237.63.

KLA-Tencor reported Q4 revenue of $3.658 billion, a record high that beat the consensus estimate of $3.598 billion by approximately 1.7%, representing 15% year-over-year growth. Adjusted EPS came in at $1.05, surpassing the $1.00 estimate by 5%. Product revenue grew 15% to $2.84 billion while services revenue rose 17% to $817 million. First-quarter guidance called for revenue of $3.8 billion to $4.2 billion at midpoint, also above consensus.

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