Management remarks
Call period: 2026 Q4 · 2026-07-28
Guidance: Richard Wallace: We now expect our advanced packaging process control systems revenue to grow to approximately $1.1 billion in calendar 2026, up more than 70% year-over-year, above our prior expectation of high 50% growth and almost 2x faster than the advanced packaging market.Demand and orders: Bren Higgins: Given the unprecedented visibility from customers, we continue to plan for significant growth in calendar 2027 as broad-based investment across leading-edge logic, foundry, DRAM, both conventional and HBM, NAND and advanced packaging drives continued capacity expansion.Margins: Bren Higgins: While guidance is roughly flat sequentially with results, it is up 75 basis points from gross margin guidance last quarter, benefiting from operating leverage on revenue growth.Analyst Q&A
Analyst Sreekrishnan Sankarnarayanan asked: Rick or Bren, one of the large foundry customers last week raised their CapEx. Part of it was due to equipment pricing going up. To the extent you can answer, in this environment with strong demand and capacity constraints, is clearly raising prices either due to value pricing or increasing supply chain costs especially on existing tools? Management Richard Wallace answered: One is the volume, the mix of products and the other services that are available when we deal with customers. But I think in general, the input prices have gone up. Customers recognize that. And so we have had conversations about different discussions about how KLA will help to capture some of that value, so we can continue to make the R&D investments that the industry needs. So we've had those discussions. As Bren pointed out, the gross margin performance is largely in line with what we anticipated, and we continue to see a path forward.管理层陈述
电话会期间：2026 Q4 · 2026-07-28
指引：理查德·华莱士：我们预计先进封装工艺控制系统业务收入将在2026年日历年增至约11亿美元，同比增长超70%，高于我们此前预期的50%以上的增速，且增速几乎是先进封装市场的两倍。需求与订单：布伦·希金斯：鉴于客户提供了前所未有的业务能见度，我们仍计划在2027年日历年实现大幅增长，因为前沿逻辑芯片、晶圆代工、动态随机存取存储器（涵盖传统型与高带宽内存型）、闪存以及先进封装领域的广泛投资将推动产能持续扩张。利润率：布伦·希金斯：尽管该指引环比与业绩基本持平，但较上一季度的毛利率指引上升了75个基点，受益于收入增长带来的运营杠杆效应。分析师问答
分析师斯里克里希南·桑卡尔纳拉亚南询问，某大型晶圆代工厂客户上周上调资本支出，部分原因是设备价格上涨，在需求强劲、产能受限的环境下，贵公司是否会因价值定价或供应链成本上升而提高现有工具的价格？管理层理查德·华莱士回应称，这涉及订单量、产品组合及相关服务，目前输入成本上涨，客户已意识到这一点，双方正讨论如何让KLA获取部分价值以持续投入行业所需研发，毛利率表现符合预期，未来仍有发展路径。This earnings research was prepared from company results, regulatory filings, financial statements, and earnings-call transcripts or official replays. It is for informational purposes only and does not constitute investment advice.这篇财报研究基于公司业绩公告、监管文件、财务报表，以及财报电话会议记录或官方回放整理。内容仅供参考，不构成投资建议。
