Q2业绩“双超”指引强劲，科磊(KLAC.US)盘后却暴跌：AI狂欢后估值风险引担忧?

智通财经01-30

智通财经APP获悉，科磊(KLAC.US)于 1 月 29 日美股盘后披露的 2026 财年第二季度财报，该公司在本季度实现了创纪录的 33.0 亿美元营收，较上年同期增长约 7.2%，超过此前市场普遍预期的 32.6 亿美元。在利润端，科磊GAAP净利润为11.5亿美元，折合摊薄后每股收益(EPS)为8.68美元，而上年同期为6.16美元。剔除特定项目后的Non-GAAP摊薄后每股收益达到...

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13.7 亿美元，自由现金流(FCF)达到 12.6 亿美元展望未来，该对 2026 财年第三季度的业绩指引表现出了积极态度，预计 2026 财年第三季度的营收将在 33.5 亿美元 左右，Non-GAAP 每股收益预计在 9.08 美元左右。该公司首席执行官 Rick Wallace 在财报会议中强调，科磊在半导体制程控制领域的统治地位使其成为半导体厂商向更精密工艺节点转型过程中的核心受益者。然而，尽管各项核心财务指标与未来展望均优于预期，科磊的股价在盘后交易中却遭遇了显著回调，一度跌幅超过 8%，反映出市场对该公司过去一段时间过快涨幅的获利了结情绪。市场分析普遍认为，此次“业绩利好、股价走跌”的背离现象，主要源于投资者对科磊估值处于历史高位的担忧，以及对公司营收增速已连续三个季度放缓的警惕。此外，尽管本季度自由现金流达到 12.6 亿美元，但与部分卖方机构给出的极高预期相比仍存在细微偏差。在当前半导体行业周期性波动的背景下，资本市场显然在重新评估其后续的增长韧性。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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