The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how KLA Corporation (NASDAQ: KLAC) and the rest of the semiconductor manufacturing stocks fared in Q3.
The semiconductor industry is driven by demand for advanced electronic products like smartphones, PCs, servers, and data storage. The need for technologies like artificial intelligence, 5G networks, and smart cars is also creating the next wave of growth for the industry. Keeping up with this dynamism requires new tools that can design, fabricate, and test chips at ever smaller sizes and more complex architectures, creating a dire need for semiconductor capital manufacturing equipment.
The 14 semiconductor manufacturing stocks we track reported a very strong Q3. As a group, revenues beat analysts’ consensus estimates by 3.3% while next quarter’s revenue guidance was 0.6% below.
Luckily, semiconductor manufacturing stocks have performed well with share prices up 11.2% on average since the latest earnings results.
KLA Corporation (NASDAQ: KLAC)
Formed by the 1997 merger of the two leading semiconductor yield management companies, KLA Corporation (NASDAQ: KLAC) is the leading supplier of equipment used to measure and inspect semiconductor chips.
KLA Corporation reported revenues of $3.21 billion, up 13% year on year. This print exceeded analysts’ expectations by 1.1%. Overall, it was a strong quarter for the company with a decent beat of analysts’ adjusted operating income estimates and a beat of analysts’ EPS estimates.
"KLA produced a strong all-around September quarter performance above the guidance midpoints. These results reflect double-digit year-over-year revenue and EPS growth, and KLA is on pace for solid relative revenue growth compared to our industry in calendar 2025," said Rick Wallace, president and CEO of KLA Corporation.
Unsurprisingly, the stock is down 1.5% since reporting and currently trades at $1,217.
Best Q3: Teradyne (NASDAQ: TER)
Sporting most major chip manufacturers as its customers, Teradyne (NASDAQ: TER) is a US-based supplier of automated test equipment for semiconductors as well as other technologies and devices.
Teradyne reported revenues of $769.2 million, up 4.3% year on year, outperforming analysts’ expectations by 3.3%. The business had a stunning quarter with a solid beat of analysts’ adjusted operating income estimates and revenue guidance for next quarter exceeding analysts’ expectations.
The market seems happy with the results as the stock is up 34% since reporting. It currently trades at $193.49.
Is now the time to buy Teradyne? Access our full analysis of the earnings results here, it’s free for active Edge members.
Weakest Q3: Entegris (NASDAQ: ENTG)
With fabs representing the company’s largest customer type, Entegris (NASDAQ: ENTG) supplies products that purify, protect, and generally ensure the integrity of raw materials needed for advanced semiconductor manufacturing.
Entegris reported revenues of $807.1 million, flat year on year, exceeding analysts’ expectations by 0.6%. Still, it was a slower quarter as it posted revenue guidance for next quarter missing analysts’ expectations significantly and EPS in line with analysts’ estimates.
As expected, the stock is down 10.8% since the results and currently trades at $84.34.
Read our full analysis of Entegris’s results here.
Photronics (NASDAQ: PLAB)
Sporting a global footprint of facilities, Photronics (NASDAQ: PLAB) is a manufacturer of photomasks, templates used to transfer patterns onto semiconductor wafers.
Photronics reported revenues of $215.8 million, down 3.1% year on year. This number surpassed analysts’ expectations by 5.5%. It was an exceptional quarter as it also recorded a beat of analysts’ EPS estimates and revenue guidance for next quarter exceeding analysts’ expectations.
The stock is up 24.4% since reporting and currently trades at $31.95.
Read our full, actionable report on Photronics here, it’s free for active Edge members.
Kulicke and Soffa (NASDAQ: KLIC)
Headquartered in Singapore, Kulicke & Soffa (NASDAQ: KLIC) is a provider of production equipment and tools used to assemble semiconductor devices
Kulicke and Soffa reported revenues of $177.6 million, down 2.1% year on year. This print beat analysts’ expectations by 4.4%. Overall, it was an exceptional quarter as it also logged a significant improvement in its inventory levels and a beat of analysts’ EPS estimates.
The stock is up 27.9% since reporting and currently trades at $45.14.
Read our full, actionable report on Kulicke and Soffa here, it’s free for active Edge members.
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