Report
Abhinav Davuluri
EUR 100.00 For Business Accounts Only

KLA-Tencor Delivers Another Impressive Quarter for Wafer Fabrication Equipment Firms

KLA-Tencor reported strong fiscal third-quarter results, exceeding our expectations thanks to service revenue upside due to higher customer fab utilization. We note KLA is on track to record its second consecutive double-digit revenue growth year in fiscal 2018. Consistent with its peers, the firm has been a beneficiary of heavy 3D NAND spending. While process control intensity is not as high in memory as it is in logic and foundry (which have both lagged memory shipments this year), the comple...
Underlying
KLA Corporation

KLA is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries. The company provides process control and process-enabling solutions for manufacturing and testing wafers and reticles, integrated circuits, packaging, light emitting diodes, power devices, compound semiconductor devices, microelectromechanical systems, data storage, printed circuit boards (PCBs), and flat and flexible panel displays, as well as general materials research. The company has four reportable segments which include Semiconductor Process Control; Specialty Semiconductor Process; PCB, Display and Component Inspection; and Other.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Abhinav Davuluri

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