New York, Jan 12, 2026, 13:36 ET — Regular session
- In afternoon trading, KLA shares climbed, buoyed by a wider rally in chip-equipment stocks.
- Investors are gearing up for KLA’s fiscal second-quarter results, set to drop Jan. 29.
- China exposure and stricter U.S. export controls continue to be major wildcards for the group.
KLA Corp shares climbed roughly 1.9% to $1,426.46 on Monday, hitting $1,428.51—marking their highest point in 52 weeks—as demand for chip-equipment stocks remained strong. 1
KLA’s quarterly results carry weight, as they often set the tone for semiconductor spending forecasts early in the year. The company plans to release its fiscal second-quarter earnings on Jan. 29 after the U.S. markets close. Along with the report, investors will get a shareholder letter and earnings slides, followed by a webcast at 2 p.m. PT. 2
Equipment stocks have been driven by expectations that chipmakers will continue shelling out for tools linked to artificial intelligence, or AI—basically, software and hardware that learn from data. Industry group SEMI projected in December that wafer-fab tool sales will climb around 9% to reach $126 billion by 2026, as manufacturers boost capacity for logic and memory chips powering AI. 3
Peers moved higher on Monday as Applied Materials climbed 2.4%, Lam Research added 1.1%, and ASML edged up 0.3%. Semiconductor ETFs gained ground too, with the VanEck Semiconductor ETF rising 0.6% and the iShares Semiconductor ETF up 0.7%. The broader market showed more modest gains.
KLA provides process control and yield-management equipment — including inspection and metrology tools used by chipmakers to detect defects and maintain production quality. The company also offers process tools tailored for specialty semiconductor clients, according to its profile. 4
Management has been pushing the AI angle aggressively in recent quarters. Following an earlier earnings release, CEO Rick Wallace described the results as a “unique and compelling opportunity” for KLA amid the “AI infrastructure buildout.” 5
Traders are keen to hear KLA’s take on spending at cutting-edge chip fabs and advanced packaging, areas where inspection demands ramp up as chips grow more intricate. Services also draw attention, offering a steadier revenue flow that can offset dips in new tool orders.
There’s a risk here. KLA previously flagged that geopolitical tensions might weigh on demand. Back in October, the company warned U.S.-China trade frictions could slash sales by $300 million to $350 million across the next five quarters. Reuters noted that China accounted for 39% of KLA’s total revenue in the third quarter. 6
As the stock approaches a one-year peak, expectations for guidance have risen. Any cautious signals on China, memory chips, or customer capex might quickly shift a solid rally into profit-taking.
Jan. 29 brings KLA’s earnings report after the bell, offering the next clue on whether the chip-equipment rally can maintain momentum in the coming weeks.
