💨 Abstract

KLA Corp, a chipmaking equipment supplier, forecasts third-quarter revenue and profit above Wall Street estimates, driven by demand for high-end chips supporting artificial intelligence workloads. The company's upbeat results are despite US export control challenges. KLA expects Q3 revenue to be $3 billion and adjusted profit at $8.05 per share.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖