🟢 KLA is trading 3.55% up in pre-market after fiscal Q1 beat and above-consensus Q2 outlook

KLA is trading 3.55% higher at $164.40 in pre-market on October 29 after fiscal Q1 results beat analyst expectations.

• Fiscal Q1 revenue reached $4.14 billion, above the guidance midpoint; non-GAAP EPS was $1.22. Both exceeded analyst expectations.
• KLA forecast Q2 revenue of $4.7 billion ± $200 million, above consensus.
• SOXX fell 2.81% pre-market after Alphabet’s disappointing results raised concerns about AI spending; KLA’s company-specific earnings news appears the clearer positive catalyst.