Subtext

KLA Corporation KLAC

SectorInformation Technology
Transcripts62
Date range2008-10-30 – 2025-04-30
Calls charted62

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-15-7+0+7+152009 Q12011 Q12013 Q22015 Q22018 Q22020 Q22022 Q22024 Q22009 Q1 · Overall: -1.32009 Q2 · Overall: -6.12009 Q3 · Overall: -2.82009 Q4 · Overall: -1.22010 Q1 · Overall: +3.22010 Q2 · Overall: -0.52010 Q3 · Overall: +7.32010 Q4 · Overall: +2.12011 Q1 · Overall: +0.42011 Q3 · Overall: +4.82011 Q4 · Overall: -2.62012 Q1 · Overall: +2.62012 Q2 · Overall: +9.92012 Q3 · Overall: +3.62012 Q4 · Overall: +0.42013 Q1 · Overall: -0.32013 Q2 · Overall: -0.52013 Q3 · Overall: +7.02013 Q4 · Overall: +4.42014 Q1 · Overall: +6.82014 Q2 · Overall: +5.22014 Q3 · Overall: -0.12014 Q4 · Overall: +0.72015 Q1 · Overall: +3.92015 Q2 · Overall: +3.72015 Q3 · Overall: +4.42015 Q4 · Overall: +0.22017 Q1 · Overall: +6.92017 Q2 · Overall: +4.32017 Q3 · Overall: +10.62017 Q4 · Overall: +6.02018 Q1 · Overall: +10.52018 Q2 · Overall: +10.02018 Q3 · Overall: +5.22018 Q4 · Overall: +10.22019 Q1 · Overall: +4.82019 Q2 · Overall: +4.22019 Q3 · Overall: +5.32019 Q4 · Overall: +8.02020 Q1 · Overall: +4.82020 Q2 · Overall: +8.82020 Q3 · Overall: -3.12020 Q4 · Overall: +10.42021 Q1 · Overall: +12.92021 Q2 · Overall: +10.12021 Q3 · Overall: +12.12021 Q4 · Overall: +11.12022 Q1 · Overall: +4.32022 Q2 · Overall: -0.92022 Q3 · Overall: -0.92022 Q4 · Overall: -5.02023 Q1 · Overall: +4.12023 Q2 · Overall: -5.82023 Q3 · Overall: +3.12023 Q4 · Overall: +5.42024 Q1 · Overall: +4.22024 Q2 · Overall: +5.02024 Q3 · Overall: +8.12024 Q4 · Overall: +7.02025 Q1 · Overall: +9.12025 Q2 · Overall: +10.72025 Q3 · Overall: +8.6
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-34-17+0+17+342009 Q12011 Q12013 Q22015 Q22018 Q22020 Q22022 Q22024 Q22009 Q1 · CEO: +4.32009 Q2 · CEO: +1.72009 Q3 · CEO: +3.82009 Q4 · CEO: -0.32010 Q1 · CEO: +9.82010 Q2 · CEO: +4.82010 Q3 · CEO: +14.82010 Q4 · CEO: +12.12011 Q1 · CEO: +6.52011 Q3 · CEO: +12.02011 Q4 · CEO: +1.82012 Q1 · CEO: +11.72012 Q2 · CEO: +20.22012 Q3 · CEO: +11.82012 Q4 · CEO: +6.72013 Q1 · CEO: +4.82013 Q2 · CEO: +3.42013 Q3 · CEO: +15.22013 Q4 · CEO: +12.92014 Q1 · CEO: +15.72014 Q2 · CEO: +9.62014 Q3 · CEO: +0.32014 Q4 · CEO: +3.62015 Q1 · CEO: +11.82015 Q2 · CEO: +9.62015 Q3 · CEO: +14.62017 Q1 · CEO: +9.82017 Q2 · CEO: +2.42017 Q3 · CEO: +14.82017 Q4 · CEO: +12.62018 Q1 · CEO: +16.22018 Q2 · CEO: +11.72018 Q3 · CEO: +11.22018 Q4 · CEO: +18.22019 Q1 · CEO: +12.52019 Q2 · CEO: +13.62019 Q3 · CEO: +13.52019 Q4 · CEO: +17.22020 Q1 · CEO: +12.82020 Q2 · CEO: +29.42020 Q3 · CEO: +7.42020 Q4 · CEO: +16.52021 Q1 · CEO: +22.32021 Q2 · CEO: +21.82021 Q3 · CEO: +14.62021 Q4 · CEO: +11.62022 Q1 · CEO: +7.62022 Q2 · CEO: -1.12023 Q1 · CEO: +5.82023 Q3 · CEO: +7.52023 Q4 · CEO: +16.12024 Q1 · CEO: +11.42024 Q2 · CEO: +11.72024 Q3 · CEO: +9.12024 Q4 · CEO: +9.32025 Q1 · CEO: +15.12025 Q2 · CEO: +18.32025 Q3 · CEO: +11.62009 Q1 · CFO: +0.82009 Q2 · CFO: -8.92009 Q3 · CFO: -5.62009 Q4 · CFO: -0.92010 Q1 · CFO: +5.32010 Q2 · CFO: -1.92010 Q3 · CFO: +2.82010 Q4 · CFO: -2.62011 Q1 · CFO: +0.62011 Q3 · CFO: -2.82011 Q4 · CFO: -4.42012 Q1 · CFO: +0.62012 Q2 · CFO: +4.12012 Q3 · CFO: +0.72012 Q4 · CFO: -0.62013 Q1 · CFO: -2.02013 Q2 · CFO: -2.82013 Q3 · CFO: +2.02013 Q4 · CFO: +2.72014 Q1 · CFO: +9.12014 Q2 · CFO: +6.42014 Q3 · CFO: +3.82014 Q4 · CFO: +5.62015 Q1 · CFO: +6.42015 Q2 · CFO: +4.72015 Q3 · CFO: +4.32017 Q1 · CFO: +10.52017 Q2 · CFO: +11.82017 Q3 · CFO: +14.42017 Q4 · CFO: +10.62018 Q1 · CFO: +11.62018 Q2 · CFO: +13.52018 Q3 · CFO: +6.62018 Q4 · CFO: +9.82019 Q1 · CFO: +3.72019 Q2 · CFO: +5.42019 Q3 · CFO: +6.62019 Q4 · CFO: +8.42020 Q1 · CFO: +4.32020 Q2 · CFO: +12.42020 Q3 · CFO: -2.12020 Q4 · CFO: +14.72021 Q1 · CFO: +14.62021 Q2 · CFO: +9.52021 Q3 · CFO: +13.12021 Q4 · CFO: +20.42022 Q1 · CFO: +7.42022 Q2 · CFO: +2.12023 Q1 · CFO: +8.82023 Q3 · CFO: +12.52023 Q4 · CFO: +12.52024 Q1 · CFO: +5.12024 Q2 · CFO: +11.82024 Q3 · CFO: +16.12024 Q4 · CFO: +14.52025 Q1 · CFO: +13.32025 Q2 · CFO: +15.92025 Q3 · CFO: +10.2
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-29-15+0+15+292009 Q12011 Q12013 Q22015 Q22018 Q22020 Q22022 Q22024 Q22009 Q1 · Prepared remarks: +4.32009 Q2 · Prepared remarks: -6.62009 Q3 · Prepared remarks: -3.02009 Q4 · Prepared remarks: +2.52010 Q1 · Prepared remarks: +8.52010 Q2 · Prepared remarks: +7.02010 Q3 · Prepared remarks: +16.62010 Q4 · Prepared remarks: +10.82011 Q1 · Prepared remarks: +5.82011 Q3 · Prepared remarks: +9.02011 Q4 · Prepared remarks: +3.52012 Q1 · Prepared remarks: +5.42012 Q2 · Prepared remarks: +15.32012 Q3 · Prepared remarks: +15.02012 Q4 · Prepared remarks: +7.02013 Q1 · Prepared remarks: +3.72013 Q2 · Prepared remarks: +8.02013 Q3 · Prepared remarks: +7.52013 Q4 · Prepared remarks: +5.52014 Q1 · Prepared remarks: +20.32014 Q2 · Prepared remarks: +17.02014 Q3 · Prepared remarks: +5.72014 Q4 · Prepared remarks: +12.32015 Q1 · Prepared remarks: +11.12015 Q2 · Prepared remarks: +10.32015 Q3 · Prepared remarks: +17.62015 Q4 · Prepared remarks: +8.52017 Q1 · Prepared remarks: +20.72017 Q2 · Prepared remarks: +13.42017 Q3 · Prepared remarks: +14.32017 Q4 · Prepared remarks: +17.32018 Q1 · Prepared remarks: +22.12018 Q2 · Prepared remarks: +11.42018 Q3 · Prepared remarks: +14.72018 Q4 · Prepared remarks: +15.72019 Q1 · Prepared remarks: +13.02019 Q2 · Prepared remarks: +10.72019 Q3 · Prepared remarks: +7.22019 Q4 · Prepared remarks: +14.72020 Q1 · Prepared remarks: +15.82020 Q2 · Prepared remarks: +17.42020 Q3 · Prepared remarks: -5.92020 Q4 · Prepared remarks: +19.62021 Q1 · Prepared remarks: +22.02021 Q2 · Prepared remarks: +23.72021 Q3 · Prepared remarks: +23.72021 Q4 · Prepared remarks: +23.62022 Q1 · Prepared remarks: +8.12022 Q2 · Prepared remarks: -4.62022 Q3 · Prepared remarks: +0.02022 Q4 · Prepared remarks: +11.02023 Q1 · Prepared remarks: +10.22023 Q2 · Prepared remarks: -8.22023 Q3 · Prepared remarks: -3.02023 Q4 · Prepared remarks: +7.82024 Q1 · Prepared remarks: +0.02024 Q2 · Prepared remarks: +0.02024 Q3 · Prepared remarks: +22.12024 Q4 · Prepared remarks: +25.42025 Q1 · Prepared remarks: +9.52025 Q2 · Prepared remarks: +22.22025 Q3 · Prepared remarks: +17.82009 Q1 · Q&A responses: +0.22009 Q2 · Q&A responses: -0.42009 Q3 · Q&A responses: +0.32009 Q4 · Q&A responses: -2.22010 Q1 · Q&A responses: +6.42010 Q2 · Q&A responses: +1.52010 Q3 · Q&A responses: +4.62010 Q4 · Q&A responses: +2.52011 Q1 · Q&A responses: +2.12011 Q3 · Q&A responses: +5.12011 Q4 · Q&A responses: -3.52012 Q1 · Q&A responses: +5.72012 Q2 · Q&A responses: +12.92012 Q3 · Q&A responses: +3.62012 Q4 · Q&A responses: +2.52013 Q1 · Q&A responses: +1.42013 Q2 · Q&A responses: -1.02013 Q3 · Q&A responses: +11.42013 Q4 · Q&A responses: +8.92014 Q1 · Q&A responses: +4.22014 Q2 · Q&A responses: +2.32014 Q3 · Q&A responses: -1.62014 Q4 · Q&A responses: -0.92015 Q1 · Q&A responses: +3.62015 Q2 · Q&A responses: +4.82015 Q3 · Q&A responses: +5.62015 Q4 · Q&A responses: +2.22017 Q1 · Q&A responses: +4.92017 Q2 · Q&A responses: +1.42017 Q3 · Q&A responses: +13.02017 Q4 · Q&A responses: +6.42018 Q1 · Q&A responses: +7.02018 Q2 · Q&A responses: +13.82018 Q3 · Q&A responses: +2.82018 Q4 · Q&A responses: +12.22019 Q1 · Q&A responses: +3.12019 Q2 · Q&A responses: +2.12019 Q3 · Q&A responses: +9.62019 Q4 · Q&A responses: +8.32020 Q1 · Q&A responses: +6.62020 Q2 · Q&A responses: +6.62020 Q3 · Q&A responses: +0.62020 Q4 · Q&A responses: +12.02021 Q1 · Q&A responses: +8.62021 Q2 · Q&A responses: +7.32021 Q3 · Q&A responses: +8.22021 Q4 · Q&A responses: +7.32022 Q1 · Q&A responses: +6.22022 Q2 · Q&A responses: +4.52022 Q3 · Q&A responses: +7.22022 Q4 · Q&A responses: -3.22023 Q1 · Q&A responses: +5.72023 Q2 · Q&A responses: -3.92023 Q3 · Q&A responses: +9.12023 Q4 · Q&A responses: +11.62024 Q1 · Q&A responses: +6.12024 Q2 · Q&A responses: +12.72024 Q3 · Q&A responses: +8.02024 Q4 · Q&A responses: +6.92025 Q2 · Q&A responses: +12.52025 Q3 · Q&A responses: +6.4
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$1.30$17.56$33.812009 Q12011 Q12013 Q22015 Q22018 Q22020 Q22022 Q22024 Q22014 Q1: $4.462014 Q2: $4.292014 Q3: $4.072014 Q4: $3.772015 Q1: $3.942015 Q2: $4.052015 Q3: $3.542015 Q4: $3.812017 Q1: $6.002017 Q2: $6.412017 Q3: $6.792017 Q4: $7.362018 Q1: $8.352018 Q2: $8.802018 Q3: $9.272018 Q4: $9.022019 Q1: $9.302019 Q2: $8.922019 Q3: $9.842019 Q4: $10.562020 Q1: $11.082020 Q2: $10.112020 Q3: $11.612020 Q4: $12.592021 Q1: $14.082021 Q2: $16.992021 Q3: $19.482021 Q4: $21.162022 Q1: $22.952022 Q2: $24.032022 Q3: $24.102022 Q4: $21.602023 Q1: $20.462023 Q2: $20.682023 Q3: $23.532023 Q4: $24.992024 Q1: $26.582024 Q2: $28.422024 Q3: $30.682024 Q4: $31.57

Forward P/E

7.9820.0132.042009 Q12011 Q12013 Q22015 Q22018 Q22020 Q22022 Q22024 Q22014 Q1: 15.392014 Q2: 16.092014 Q3: 19.562014 Q4: 17.972015 Q1: 15.682015 Q2: 14.112015 Q3: 15.002015 Q4: 18.152017 Q1: 15.592017 Q2: 15.372017 Q3: 14.242017 Q4: 14.122018 Q1: 14.432018 Q2: 12.842018 Q3: 11.062018 Q4: 9.642019 Q1: 12.562019 Q2: 12.592019 Q3: 16.062019 Q4: 16.602020 Q1: 11.922020 Q2: 19.182020 Q3: 15.572020 Q4: 20.702021 Q1: 21.692021 Q2: 18.592021 Q3: 18.862021 Q4: 19.372022 Q1: 15.292022 Q2: 13.472022 Q3: 14.382022 Q4: 18.812023 Q1: 18.102023 Q2: 23.242023 Q3: 20.552023 Q4: 22.842024 Q1: 25.912024 Q2: 30.382024 Q3: 23.832024 Q4: 19.98

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2015 Q4 tone ↓ -4.2 fwd EPS ↑ +0.26 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q2 tone ↓ -2.5 fwd EPS ↑ +0.41 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q4 tone ↓ -4.5 fwd EPS ↑ +0.56 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q3 tone ↓ -4.8 fwd EPS ↑ +0.46 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q4 tone ↑ +5.0 fwd EPS ↓ -0.25 Tone rose while the forward EPS estimate was cut.
  • 2019 Q1 tone ↓ -5.4 fwd EPS ↑ +0.28 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -3.2 fwd EPS ↑ +0.52 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +3.9 fwd EPS ↓ -0.97 Tone rose while the forward EPS estimate was cut.
  • 2020 Q3 tone ↓ -11.9 fwd EPS ↑ +1.50 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q2 tone ↓ -2.7 fwd EPS ↑ +2.91 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -6.8 fwd EPS ↑ +1.79 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↓ -5.2 fwd EPS ↑ +1.08 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q1 tone ↑ +9.1 fwd EPS ↓ -1.14 Tone rose while the forward EPS estimate was cut.
  • 2023 Q2 tone ↓ -9.9 fwd EPS ↑ +0.22 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q32025-04-30+8.6——View →
2025 Q22025-01-30+10.7——View →
2025 Q12024-10-30+9.1——View →
2024 Q42024-07-24+7.0$31.5720.0View →
2024 Q32024-04-25+8.1$30.6823.8View →
2024 Q22024-01-25+5.0$28.4230.4View →
2024 Q12023-10-25+4.2$26.5825.9View →
2023 Q42023-07-27+5.4$24.9922.8View →