New York, Feb 10, 2026, 11:42 EST — Regular session
- KLAC traded lower in late morning in New York, lagging behind a flat semiconductor ETF.
- KLA is expanding its R&D and innovation hub in Chennai, India, focusing on AI, software, and engineering support.
- Next up for traders: peer earnings due this week, plus eyes on KLA’s dividend schedule for the upcoming catalyst.
KLA Corp dropped roughly 0.6% to $1,431 late Tuesday morning. The stock moved in a wide band earlier, hitting lows of $1,412 and topping out at $1,450.
The semiconductor process-control supplier stayed behind a steadier tape, as investors waited for clearer signs of chipmakers’ tooling budgets this year.
KLA on Monday drew attention to its latest R&D and Innovation Hub in Chennai, India, calling out the nearly 300,000-square-foot space, which has room for as many as 1,300 staff specializing in AI, software, and engineering support. “The new facility enables our teams to scale with purpose,” KLA India president Dominic David said. 1
Chip-equipment names were split. Applied Materials added roughly 0.2%. Lam Research dropped 1.5%, and ASML slipped 0.5%. The iShares Semiconductor ETF gained around 0.1% as both the S&P 500 and Nasdaq 100 ETFs moved up.
KLA turned in fiscal Q2 revenue of $3.30 billion, with non-GAAP earnings at $8.85 a share, free cash flow hitting $1.26 billion, according to its Jan. 29 release. Looking ahead, the company set its March-quarter revenue target around $3.35 billion, give or take $150 million, and non-GAAP EPS of $9.08, plus or minus 78 cents. “A record quarter,” CEO Rick Wallace said, describing KLA as a “key enabler of the AI ecosystem.” 2
Still, shares had already run up ahead of earnings, leaving little margin for a softer forecast, said Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors. Schulman noted KLA’s outlook for the March quarter signaled “steady growth rather than renewed acceleration,” and pointed to China demand as a wild card amid stricter U.S. export rules. Lam Research, by contrast, sounded more positive on its own guidance. 3
Wafer-fab equipment (WFE) covers the machines behind chip production on silicon wafers. For KLA, that means inspection and metrology systems—the kit that spots flaws and boosts yields—a specialized area, closely tied to when customers ramp up capacity.
Next up for the group’s investors: Applied Materials. The company is set to report fiscal first-quarter earnings on Feb. 12, with the call scheduled for 4:30 p.m. ET. Wall Street will be listening for updates on customer demand and China-related business. 4
KLA has a $1.90 per share cash dividend coming up, according to a recent filing. The payout hits March 3, for shareholders on record as of Feb. 17. 5
