KLA Corp and Seagate forecast strong Q1 on AI‑driven demand
KLA Corp said it expects first‑quarter revenue of about $4 billion, give or take $200 million, and adjusted earnings of $1.16 per share, both above Wall Street estimates. The semiconductor‑equipment maker reported fourth‑quarter revenue of $3.66 billion, a 15.1% year‑over‑year increase, and its shares fell roughly 8% in after‑hours trading.
Seagate Technology forecast first‑quarter revenue of roughly $4.1 billion, plus or minus $100 million, and adjusted earnings of $7.30 per share, also topping expectations. Seagate’s fourth‑quarter revenue rose 48.5% to $3.63 billion, and its shares rose more than 8% in extended trading. Both companies attributed the upbeat outlook to continued AI infrastructure build‑out, which is boosting demand for chip‑making tools and high‑capacity hard‑disk drives alike.
Entities: AI infrastructure · Dave Mosley · KLA Corp · KLA Corporation · Rick Wallace · Seagate Technology
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 10 SOURCES] Seagate Technology expects adjusted earnings of $7.30 per share for the first quarter. (Seagate Technology)
- [● 7 SOURCES] AI infrastructure build‑out is driving demand for both KLA’s equipment and Seagate’s high‑capacity drives. (AI infrastructure build‑out is driving demand for both KLA’s equipment and Seagate’s high‑capacity drives.)
- [● 5 SOURCES] KLA Corp reported fourth‑quarter revenue of $3.66 billion. (KLA Corp)
- [● 4 SOURCES] KLA Corp forecasts adjusted earnings of $1.16 per share for the first quarter. (KLA Corp)
- [● 5 SOURCES] KLA Corp expects first‑quarter revenue of $4 billion, plus or minus $200 million. (KLA Corp)
- [● 10 SOURCES] Seagate Technology reported fourth‑quarter revenue of $3.63 billion, up 48.5% year over year. (Seagate Technology)
- [● 10 SOURCES] Seagate Technology forecast first‑quarter revenue of $4.1 billion, plus or minus $100 million. (Seagate Technology)
- [● 4 SOURCES] KLA Corp shares fell about 8% in extended trading. (KLA Corp)
- [● 3 SOURCES] Seagate shares rose over 8% in extended trading after the forecast. (Seagate Technology)