{"podcast":{"title":"Charged Alpha Stock Encyclopedia","slug":"charged-alpha-stock-encyclopedia-7819792","podcast_index_feed_id":7819792,"rss_url":"https://feed.podbean.com/chargedalpha/feed.xml","website_url":"https://chargedalpha.podbean.com","image_url":"https://pbcdn1.podbean.com/imglogo/image-logo/22241603/charged_alpha_logo_2048.png","author":"Colton Thomas","episode_count":1630,"summary":"Charged Alpha reviews earnings for each stock in the Russel 1000 every quarter. Each podcast gives thorough analysis, along with an in-depth profile in the beginning of the episode of the company, what they do, how they earn money and what to look for.","last_synced_at":"2026-09-04T06:17:14.359815+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792"},"episode":{"title":"KLA (KLAC): A Record Quarter, a Beat — and the 1% Number Nobody Noticed","slug":"kla-klac-a-record-quarter-a-beat-and-the-1-number-nobody-noticed","published_at":"2026-07-29T13:58:53+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/kla-klac-a-record-quarter-a-beat-and-the-1-number-nobody-noticed","show_page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792","url":"https://chargedalpha.podbean.com/e/kla-klac-a-record-366b-quarter-a-beat-%e2%80%94-and-the-stock-still-fell-14/","audio_url":"https://mcdn.podbean.com/mf/web/f58sfzwlh6sqdj7k/audio_4.mp3","summary":"KLA Corporation (KLAC) Q4 FY2026 — KLA Corporation (KLAC), the dominant supplier of semiconductor process-control (inspection and metrology) equipment with roughly 58% market share, reported fiscal Q4 2026 (quarter ended June 30, 2026) after the close on July 28. Revenue was a record $3.658B, +15.2% YoY and above the midpoint of guidance; non-GAAP EPS of $1.05 beat the ~$1.02 consensus; non-GAAP gross margin of 62.4% landed at the upper end of guidance. GAAP net income was $1.363B and GAAP diluted EPS $1.04 — the low per-share figure reflects the 10-for-1 stock split effected June 11, 2026 (1.315B diluted shares). FY26: revenue $13.579B (+11.7%), GAAP net income $4.831B (+18.9%), non-GAAP EPS $3.76. Guidance for Q1 FY27 was $4.0B +/- $200M (about +25% YoY, above the ~$3.92B consensus) with non-GAAP EPS of $1.16, and management raised its calendar-2026 wafer-equipment market view to the low $150B range from $140B+. Yet the stock fell ~9% after the print, on top of a 6.2% decline that session — about 42% below its June 30 closing high of $301.71. Two under-covered facts explain the reaction. First, wafer inspection — KLA's highest-margin, highest-share franchise — grew just 1% YoY and fell from ~56% to 49% of revenue; growth came from lower-margin patterning (+61%), PCB and component inspection systems (+96%) and services (+17%), which is why non-GAAP gross margin actually declined from 63.2% to 62.4% on 15% more revenue, and why September gross margin is guided flat at 62.5% on ~10% more revenue. Second, cash conversion deteriorated: FY26 free cash flow was $3.767B versus $3.747B — flat — while net income rose 19%, so FCF/net income fell to 78% from 92% in FY25 and 110% in FY24; Q4 FCF fell 23% YoY to $817M as receivables consumed $586M in the quarter and ended the year…","meta_description":"KLA Corporation (KLAC) Q4 FY2026 — KLA Corporation (KLAC), the dominant supplier of semiconductor process-control (inspection and metrology) equipment wit…","key_points":[],"chapters":[],"topics":[],"duration_seconds":893,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/charged-alpha-stock-encyclopedia-7819792/episodes/kla-klac-a-record-quarter-a-beat-and-the-1-number-nobody-noticed/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/kla-klac-a-record-quarter-a-beat-and-the-1-number-nobody-noticed.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}