KLA Corporation (KLAC) earnings on July 28, 2026

After the market closes Q2 2026

More KLA Corporation earnings

Prior outlook: Optimistic Outcome: Partial

KLA shares dropped sharply after earnings, with analysts adjusting their price targets. The stock closed down over 11%.

KLAC price around the earnings

170.19

Change: -10.8%

2026-07-29, 20:00 UTC

Start of the measured window End of the measured window
169.33 178.09 186.85 195.61 190.80
Price series around the eventClosing price per minute from before the event to the end of the measured window.No trading (market closed)
July 28, 2026 July 29, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • No trading (market closed)
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Optimistic Outcome: Partial

Thesis published
Results released

100% beat rate with +20.5% analyst upside; severe negative trend strength offset by late-stage trajectory recovery into event.

Context analyzed before publication

Trend
Collapsed from +65 to -43 mid-week, recovered sharply to +65 into event; trend strength remains negative.

Analysts

Evidence

Analyst consensus
Buy
Consensus average (1-5)
1.97
Analysts covering the stock
28
Average price target
234.04
Lowest price target
150
Highest price target
325
Upside to price target
20.5%
Quarterly earnings growth
10.3%
Revenue growth
11.5%
Forward EPS
5.13
Trailing EPS
3.54
Analyst moves in the last 60 days
10
  • Strong buy: 5
  • Buy: 13
  • Hold: 10
  • Sell: 0
  • Strong sell: 1
Strong buy
5
Buy
13
Hold
10
Sell
0
Strong sell
1
  • July 20, 2026 · UBS: Maintains rating (Neutral → Neutral)
  • July 16, 2026 · Oppenheimer: Maintains rating (Outperform → Outperform)
  • July 15, 2026 · UBS: Maintains rating (Neutral → Neutral)
  • July 10, 2026 · Stifel: Maintains rating (Buy → Buy)
  • July 10, 2026 · Needham: Maintains rating (Buy → Buy)
  • July 9, 2026 · TD Cowen: Maintains rating (Buy → Buy)
  • July 6, 2026 · Morgan Stanley: Maintains rating (Overweight → Overweight)
  • June 29, 2026 · Cantor Fitzgerald: Maintains rating (Overweight → Overweight)
  • June 23, 2026 · B of A Securities: Maintains rating (Buy → Buy)
  • June 22, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)

News and sentiment

Evidence

Sentiment
Sentiment
Cautious
Mention volume
Low
Normalized volume
33%
News
Sources (6)

Technicals

Evidence

Average true range (ATR)
7.1%
Distance to 52-week high
-35.6%
14-day change (14d)
-8.5%
30-day change (31d)
-17.8%
30-day relative strength
-14.5%
QQQ change (31d)
-3.3%
Nearest support
202.19
Nearest resistance
204.71
Volume accumulation ratio (14d / 46d)
0.66

Trends

Evidence

Average earnings surprise
+3.8%
  • April 29, 2026: actual EPS 0.94 vs estimate 0.92 (surprise +2.5%)
  • January 29, 2026: actual EPS 0.89 vs estimate 0.88 (surprise +0.6%)
  • October 29, 2025: actual EPS 0.88 vs estimate 0.86 (surprise +2.2%)
  • July 31, 2025: actual EPS 0.94 vs estimate 0.86 (surprise +9.7%)

Expected move

Implied move
+5.0%
Source
Options chain

Reactions over its last 20 earnings

Median move
3.8%
75th percentile move
5.9%
90th percentile move
7.8%
Up / down moves
11 / 9
Average up move
+3.6%
Average down move
-5.2%

Monitoring and close

What KLA Corporation reported

Status
Finished
Actual EPS1.05
EPS estimate1
EPS surprise+5.0%
Revenue$3,658 million
Revenue estimate$3,598 million
Revenue surprise+1.7%

KLA reported strong Q4 results and optimistic guidance driven by AI demand. PSI ETF maintains diversified exposure to the semiconductor buildout.

Sources (40)

Pre-market second reading after the results

Verdict
Beat expectations

Heading into the open, the figures overturn the prior optimistic scenario. In the 713 past cases with a similar move, the close held that direction 96% of the time.

How the stock reacted

Outcome
Partial
Consolidated
-10.8%
Max favorable move (MFE)
4.7%
Max adverse move (MAE)
11.8%