New York, Jan 25, 2026, 16:36 EST — Market closed.
- KLA shares closed Friday up 0.85%, slipping a bit in after-hours trading.
- The chip-tool maker is set to release its fiscal Q2 results after Thursday’s close.
- A Federal Reserve ruling due midweek may shake up high-growth tech and semicap stocks.
KLA Corp shares ended Friday up 0.85% at $1,512.78 but slipped 0.18% after hours to $1,510.01. During the session, the stock fluctuated between $1,451.82 and $1,512.97, showing notable volatility ahead of a busy week of catalysts. 1
KLA is set to release its Q2 fiscal 2026 results after the U.S. market closes Thursday, with a conference call at 2 p.m. PT. The company provides process-control and yield-management equipment that chipmakers use to detect defects and boost production. Its earnings often offer clues about wafer fab investment trends. 2
Wall Street expects growth, with analysts forecasting earnings per share to climb roughly 7% and revenue to increase about 6% compared to last year, according to Yahoo Finance data. For KLA, even slight tweaks to its outlook can sway the stock sharply, as investors zero in on the company’s “guidance” — viewing it as the key to the story. 3
Rates remain a key factor. The Fed meets Jan. 27-28, and the policy decision drops Wednesday. Any unexpected shift in the statement or during Chair Jerome Powell’s press conference could shake semiconductors, as investors adjust the discount rate they apply to future earnings. 4
Friday’s key business survey revealed persistent price pressures, fueling doubts about the pace of inflation easing. “Increased costs, widely blamed on tariffs, are again cited as a key driver of higher prices,” said Chris Williamson, chief business economist at S&P Global Market Intelligence, in the report. 5
KLA won’t be the sole focus for chip investors this week. Earnings reports are due from several mega-cap tech giants and ASML, the chip-equipment heavyweight. These results typically influence forecasts for AI-driven capital expenditures and the speed of new fab projects. 6
Traders tracking KLA will focus on order momentum in advanced logic and memory, shifts in service demand, and whether management detects customers accelerating or delaying purchases. Insights on lead times and backlog often carry as much weight as the main figures.
Margins remain a sticking point. KLA has focused on higher-value systems and software, yet costs could surge fast if customers change their order mix or if parts and labor remain constrained.
But there’s a downside risk. A more cautious forecast, weaker customer spending signals, or new shocks from trade and export regulations could weigh on sentiment. That’s especially true if the Fed shows less appetite for loosening policy.
Coming up, the Fed will announce its policy decision on Wednesday, Jan. 28. Then, KLA reports earnings after Thursday’s close, with a 2 p.m. PT call scheduled for Jan. 29.
