Movement Alert|KLA Corporation Rises 3.1% in Pre-Market Trading, Semiconductor Equipment Sector Extends Multi-Day Rebound on Strong Backlog

Market Focus10-02 20:37

On October 2, KLA Corporation rose 3.1% in pre-market trading, trading at approximately $206.58 per share, with turnover of $5.65 million. The gain came as the semiconductor equipment sector extended a multi-day rebound, supported by KLA's robust fundamental outlook.

On the sector front, the broader semiconductor equipment industry continued its strong momentum, with peers including Teradyne up 3.7%, Lam Research up 2.81%, Applied Materials up 2.32%, AXT Inc up 1.82%, and ASML Holding up 1.59%.

On the fundamental side, KLA currently holds a record backlog of $12.5 billion, representing 60% year-over-year growth, with a book-to-bill ratio of 1.4x. AI-driven advanced packaging inspection demand continues to accelerate, and the company has raised its Q1 FY2027 revenue guidance to $4 billion. Additionally, Bernstein previously maintained its Outperform rating on KLA and raised its price target to $250 from $225, against an analyst consensus mean target of $239.62. The company's next earnings report is scheduled for October 28 after market close, with market expectations for strong results continuing to build.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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