KLAC

KLA

Inspection/metrology; advanced node lever.

Last

$1748.11

Change

-2.66%

Market cap

$229.7B

60-day price

Near-term (0-6mo)

Earnings 4/29 — advanced node inspection tool orders, EUV overlay metrology demand, and HBM inspection revenue.

Mid-term (6-24mo)

As feature sizes shrink, defect detection becomes exponentially more important. Every EUV layer needs KLA inspection. Yield management at 2nm/A14 nodes is the physical constraint KLA addresses.

Catalysts

Q1 earnings 4/29
EUV inspection tool demand
2nm node ramp inspection requirements

Risks

Cyclicality if WFE spending pauses
China revenue risk
Competition from newer inspection approaches

Options flags

earnings_soon · Apr 16, 2026

Earnings on 2026-04-29 (12d out). Expect elevated IV into print; avoid buying OTM monthlies the day before.

monthly_liquid · Apr 16, 2026

Monthly Apr 16, 2026 chain likely liquid. Prefer ATM/ITM-20 over OTM to force discipline.

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