KLA Corp forecasts quarterly revenue above estimates on AI-linked demand
KLA Corp forecast quarterly revenue above estimates due to strong demand for its chipmaking tools driven by artificial intelligence. The company expects fourth-quarter revenue of $3.58 billion, plus or minus $200 million.
KLA Corp forecast quarterly revenue above estimates on April 29, driven by strong demand for its chipmaking tools as semiconductor manufacturers ramp up production of high-end processors for artificial intelligence. The company expects fourth-quarter revenue of $3.58 billion, plus or minus $200 million, compared with analysts' average estimate of $3.54 billion. KLA's tools are used for finding and fixing microscopic defects during the chipmaking process. The company's services business also provides a recurring revenue stream. KLA reported revenue of $3.42 billion in the third quarter, beating estimates of $3.37 billion. The soaring demand for complex AI chips has increased process-control intensity, ramping up the need for KLA's tools.
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