KLA Posts Q4 Revenue Beat, Guides Above Consensus; Stock Dips 3.7%

KLA Corporation (KLAC) exceeded Q4 2025 revenue expectations with $3.30B (+7.2% YoY), and issued Q1 guidance of $3.35B at midpoint — 1.9% above analyst estimates. Non-GAAP EPS of $8.85 beat consensus by 0.6%. CEO Rick Wallace cited record annual performance driven by leadership in process control amid rising demand from advanced foundry/logic and memory sectors. Revenue grew at a 16% CAGR over five years, though recent two-year growth slowed to 14.8%. Q4 marked third straight quarter of decelerating growth. Analysts project 11.8% revenue growth over next 12 months. Days Inventory Outstanding rose to 235, slightly above five-year average. Shares fell 3.7% post-earnings to $1,628.