KLA Company (KLAC) Presents at J.P. Morgan 54th Annual World Expertise, Media and Communications Convention Transcript

Harlan Sur
JPMorgan Chase & Co, Analysis Division

Good morning, and welcome to the second day of JPMorgan’s 54th Annual Expertise, Media and Communications Convention. My title is Harlan Sur. I am the semiconductor and semiconductor capital gear analyst for the agency. More than happy to have Bren Higgins, Govt Vice President and Chief Monetary Officer of KLA right here with us in the present day.

I’ve requested Bren to begin us off with KLA’s view of the wafer gear, course of management, superior packaging gear spending surroundings this 12 months and subsequent 12 months, KLA’s development outlook inside that, after which we’ll go forward and kick off the Q&A. So Bren, thanks very a lot for becoming a member of us this morning.

Bren Higgins
Govt VP & CFO

Harlan, thanks for having me. Good to be right here. So perhaps I am going to simply stage set just a little bit from among the themes popping out of earnings and our current Investor Day that we had on March 12. Definitely, it appears like that was a very long time in the past given among the momentum that we proceed to expertise within the business, although it was solely a number of weeks in the past.

However definitely, 2026 is setting as much as be a really constructive 12 months with growing momentum within the business and in our enterprise. We talked about an surroundings of spending for wafer gear that was roughly $140 billion plus for this 12 months. And as we come out of the reporting cycle and in addition simply fueled by among the engagement we have had with prospects as we glance to the second half of the 12 months, it feels