Nvidia stock remains below a closely watched moving average but analysts raised their annual profit estimates on the chip and AI leader.

Electronics stocks like KLA (KLAC), Flex (FLEX) and Daktronics (DAKT) are expected to benefit from investments in infrastructure and expanded capacity despite macroeconomic headwinds.

My initial bullish thesis on KLA Corporation aged well, with a 52% total return since September 2023. Recent quarterly earnings show strong performance, but the stock is slightly overvalued and faces substantial geopolitical risks. Moreover, long-term seasonality trends suggest that August and September are historically the weakest months for the stock.

KLA (KLAC) is well positioned to outperform the market, as it exhibits above-average growth in financials.

KLA's (KLAC) fourth-quarter fiscal 2024 results reflect robust performance from the Semiconductor Process Control segment.

The chip-testing company posted strong quarterly results.

KLA Corporation (NASDAQ:KLAC ) Q4 2024 Earnings Conference Call July 24, 2024 5:00 PM ET Company Participants Kevin Kessel - VP, IR and Market Analytics Richard Wallace - CEO Bren Higgins - CFO Conference Call Participants Vivek Arya - Bank of America Securities CJ Muse - Cantor Fitzgerald Harlan Sur - JPMorgan Atif Malik - Citi Christophe Caso - Wolfe Research Krish Sankar - TD Cowen Joseph Quattrocci - Wells Fargo Toshiya Hari - Goldman Sachs Joe Moore - Morgan Stanley Srinivas Pajjuri - Raymond James Brian Chin - Stifel Blayne Curtis - Jefferies Timothy Arcuri - UBS Operator Good afternoon. Good afternoon.

While the top- and bottom-line numbers for KLA (KLAC) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

KLA (KLAC) came out with quarterly earnings of $6.60 per share, beating the Zacks Consensus Estimate of $6.08 per share. This compares to earnings of $5.40 per share a year ago.

KLA Corp forecast revenue and profit for its fiscal first quarter above expectations after posting better-than-expected results for the preceding three months on Wednesday, sending its shares up 3% in after-hours trading.

For the quarter, total revenues were $2.569 billion, at the upper end of the guidance range of $2.5 billion +/- $125 million; For the quarter, GAAP diluted EPS attributable to KLA was $6.18 and non-GAAP diluted EPS attributable to KLA was $6.60, each finishing above the midpoints of the respective guidance ranges; Cash flow from operating activities for the quarter and fiscal year was $892.6 million and $3.31 billion, respectively, and free cash flow was $831.9 million and $3.03 billion, respectively; and Capital returns for the quarter and fiscal year were $667.8 million and $2.51 billion, respectively. MILPITAS, Calif.

Here, we discuss four electronic stocks, Amphenol (APH), KLA (KLAC), TE Connectivity (TEL) and Teradyne (TER), set to report their earnings results on Jul 24.