KLA: Unfairly Caught Up In The Tech Carnage

KLA delivered robust Q1 results, with 29% YoY revenue growth and accelerating business momentum driven by AI tailwinds. The company expanded both gross and operating margins, beat analyst expectations, and increased capital returns through higher buybacks and dividends. Guidance for Q2 is strong, projecting 43% YoY revenue growth and over 60% EPS growth, signaling continued demand and profitability.