KLA Corp (NAS:KLAC)

$ 650.53 2.54 (0.39%) Market Cap: 87.01 Bil Enterprise Value: 89.21 Bil PE Ratio: 29.70 PB Ratio: 24.46 GF Score: 95/100

KLA Corp at Morgan Stanley Technology, Media, and Telecom Conference (Virtual) Transcript

Mar 08, 2022 / 05:45PM GMT

Release Date Price: $321.82 (+2.44%)

Transcript

Joseph Lawrence Moore

Morgan Stanley, Research Division - Executive Director

Welcome back, everybody. Again, I'm Joe Moore. Happy to have with us today the management team of KLA, Rick Wallace and Bren Higgins. Thanks, guys.

Richard P. Wallace

KLA Corporation - President, CEO & Executive Director

Thanks for having us, Joe.

Questions & Answers

Joseph Lawrence Moore;

Morgan Stanley, Research Division - Executive Director

So maybe we could just start out with a big-picture look at this. I guess this time last year, I thought we'd be looking at WFE last year of like mid-60s, ended up more like mid-80s. Now we're talking about $100 billion. One of your competitors at this conference last year actually sort of threw out a $100 billion WFE number. And it was so contentious that they kind of walked it back and then here we are a year later, that's the number. So maybe just talk about are you guys surprised at how strong that is? And how sustainable do you think that $100 billion level is?

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