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Sentiment · FY2026 Q3
| Analyst | Firm | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Tim Arcuri | UBS | 12 | 42% |
| Harlan Sur | JPMorgan | 12 | 0% |
| Joe Quatrochi | Wells Fargo | 11 | 0% |
| CJ Muse | Cantor Fitzgerald | 11 | 0% |
| Tom O'Malley | Barclays | 9 | 11% |
| Chris Caso | Wolfe Research | 8 | 0% |
| Charles Shi | Needham | 8 | 0% |
| Vivek Arya | Bank of America | 7 | 14% |
| Shane Brett | Morgan Stanley | 7 | 0% |
| Srini Pajjuri | Raymond James | 6 | 17% |
| Firm | Analysts | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| UBS | 1 | 12 | 42% |
| JPMorgan | 1 | 12 | 0% |
| Cantor Fitzgerald | 1 | 11 | 0% |
| Wells Fargo | 1 |
| 11 |
| 0% |
| TD Cowen | 3 | 10 | 10% |
| Bank of America | 2 | 9 | 11% |
| Barclays | 1 | 9 | 11% |
| Needham | 1 | 8 | 0% |
KLA posted Q3 FY2026 (March quarter) revenue of $3.415 billion, up 11% year-over-year and 4% sequentially, with non-GAAP EPS of $9.40 as AI-driven semiconductor demand accelerated. Advanced packaging revenue acceleration continued, and process control market share gains expanded across the portfolio. The WFE market outlook strengthened to $140B+ for calendar 2026, with the services business growing 16% to $775 million. DRAM pricing headwinds persisted on gross margins, and China market moderation reflected trade restriction impacts. The June quarter was guided to $3.575 billion.
Demand | Competitive Dynamics | Innovation & R&D | Revenue Growth | Capex Investment | Trade Tariffs | Margin | Supply Chain | |
|---|---|---|---|---|---|---|---|---|
| 2025Q2 | 10 | 8 | 4 | 9 | 2 | 5 | 1 | |
| 2025Q3 | 6 | 3 | 5 | 4 | 4 | 6 | 4 | 3 |
| 2025Q4 | 9 | 6 | 7 | 3 | 2 | 3 | 1 | |
| 2026Q1 | 12 | 8 | 7 | 2 | 7 | 3 | 2 | |
| 2026Q2 | 11 | 9 | 4 | 4 | 4 | 3 | 2 | 3 |
| 2026Q3 | 8 | 5 | 2 | 7 | 9 | 1 | 2 | 3 |
| '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | '26Q3 | |
|---|---|---|---|---|---|---|
| Demand | 10 | 6 | 9 | 12 | 11 | 8 |
| Competitive Dynamics | 8 | 3 | 6 | 8 | 9 | 5 |
| Innovation & R&D | 4 | 5 | 7 | 7 | 4 | 2 |
| Revenue Growth | 9 | 4 | 3 | 2 | 4 | 7 |
| Capex Investment | 2 | 4 | 2 | 7 | 4 | 9 |
| Trade Tariffs | 5 | 6 | 3 | 3 | 3 | 1 |
| Margin | 1 | 4 | 1 | 2 | 2 | 2 |
| Supply Chain | 3 | 3 | 3 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
KLAC KLA Corporation | 7 | +11.5% | |
| ADI Analog Devices | 9 | +37.3% | |
| AMAT Applied Materials | 9 | +11.4% | |
| AMD Advanced Micro Devices, Inc. | 9 | +37.9% | |
| ARM Arm Holdings | 7 | +20.1% | |
| ASML ASML Holding | 9 | +13.3% | |
| AVGO Broadcom Inc. | 9 | +29.5% | |
| INTC Intel Corporation | 6 | +7.2% | |
| LRCX Lam Research | 9 | +23.8% | |
| MCHP Microchip Technology | 9 | +35.1% | |
| MPWR Monolithic Power Systems | 10 | +26.1% | |
| MRVL Marvell Technology | 10 | +27.6% | |
| MU Micron Technology, Inc. | 9 | +196.3% | |
| NVDA NVIDIA Corporation | 9 | +85.2% | |
| NXPI NXP Semiconductors | 7 | +12.2% | |
| ON ON Semiconductor | 6 | +4.7% | |
| Q Qnity Electronics, Inc. | 10 | +17.6% | |
| QCOM Qualcomm | 3 | -3.5% | |
| SWKS Skyworks Solutions | 3 | -1.0% | |
| TER Teradyne | 9 | +87.0% | |
| TXN Texas Instruments | 9 | +18.6% |