KLA Corporation Q2 Earnings: Revenue Up 7.1%, Stock Drops Amid Mixed Market Reaction

KLA Stock Down 11.5% Following Q2 Earnings

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KLA: Jefferies keeps Buy rating, raises PT to $1850 from $1500.

KLA's 15min chart shows Bollinger Bands narrowing, KDJ death cross signals potential reversal.

Catalyst<ul> <li>Most analysts rate KLAC Buy or Strong Buy, showing broad institutional optimism.</li> <li>Recent Bullish Engulfing and RSI Overbought signals indicate strong bullish momentum for KLAC.</li> <li>The company maintains strong cash reserves relative to market value.</li></ul>Risk<ul> <li>Technical indicators show that the market is in a volatile state, and the direction is not clear enough.</li> <li>The S&P 500 fell amid new US-China tech sanctions, reflecting broader market risk for semiconductor firms like KLAC.</li></ul>

Key Factors

KLA Corporation reported Q2 2026 earnings with 17% revenue growth to $12.745 billion, driven by 19% growth in process control systems and 15% growth in the service business. KLA shares fell 9% amid investor concerns over its wafer fab equipment (WFE) outlook despite analysts raising price targets and maintaining bullish ratings. KLA's stock dropped 15.24% as bearish candlestick patterns emerged, testing key support levels such as the 200-day moving average and 61.8% Fibonacci retracement. KLA projects Q3 2026 revenue between $3.20-$3.50 billion and EPS of $8.30-$9.86, citing supply constraints and extended customer lead times as near-term challenges. KLA's stock plummeted 11.5% following Q2 earnings despite exceeding Wall Street forecasts, as investors reacted to challenges including component shortages and tariff expenses.

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