KLA shares rose as much as 7.9% on Thursday before easing to a 5.7% gain after the company reported earnings that handily beat expectations. Revenue surged 28.8% to $4.14 billion and adjusted EPS rose 38.6% to $1.22, both above forecasts, while guidance for the December quarter called for about $4.7 billion in revenue at the midpoint and adjusted EPS of $1.44, well ahead of expectations. The article notes KLA's process control machines, which locate defects during chipmaking, benefit from rising complexity in leading-edge logic and memory chips and from the AI build-out. After the bounce, the stock trades at just under 30 times fiscal 2027 earnings estimates and about 24 times fiscal 2028 estimates. Management also stepped up share repurchases in the September quarter following the summer sell-off.
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