KLA Corporation (NASDAQ:KLAC) delivered better-than-expected fiscal second-quarter results, overcoming headwinds from U.S. government chip export restrictions. As a result, the company saw its stock rise nearly 4% in pre-market today.
For the quarter, KLA posted earnings per share of $8.20, surpassing analyst projections of $7.75. Revenue climbed to $3.08 billion, exceeding the consensus estimate of $2.94 billion. The company attributed its strong performance to sustained demand across its product portfolio, despite challenges stemming from new regulatory controls on semiconductor exports.
Looking ahead to the third quarter, KLA provided an optimistic forecast. The company expects revenue to reach approximately $3.0 billion, with a margin of plus or minus $150 million, surpassing analysts’ expectation of $2.88 billion. Adjusted earnings per share are projected to land at around $8.05, with a potential swing of $0.60, compared to Wall Street’s estimate of $7.47.
Management highlighted KLA’s ability to navigate regulatory challenges while maintaining operational strength, emphasizing that Q2 results exceeded the midpoint of internal guidance despite the late-quarter impact of export restrictions.