S&P took KLA up to A from A- and the AI capex cycle is doing the heavy lifting. Revenue seen up nearly 39% in fiscal 2027 and another 17% in fiscal 2028, EBITDA margins holding above 50%, leverage und

What happened: S&P Global Ratings raised KLA Corporation (NASDAQ:KLAC) issuer credit and unsecured debt ratings to 'A' from 'A-', with a stable outlook. Key numbers: Revenue growth of nearly 39% expected in fiscal 2027 and 17% in fiscal 2028. EBITDA margins projected above 50.7% in fiscal 2027 and 51.0% in fiscal 2028. Services unit was 23% of total revenue in fiscal 2026. Why it matters: S&P cited AI infrastructure spending by hyperscale cloud providers and rising process control intensity at advanced nodes as drivers, and expects leverage to stay well beneath 1.5x over the medium term. Market: -4.6% today ($149.00), +17.2% YTD, 1.3x vol — as of 21:17 UTC

S&P Global Ratings raised KLA Corporation (NASDAQ:KLAC) issuer credit and unsecured debt ratings to 'A' from 'A-', with a stable outlook.

S&P cited AI infrastructure spending by hyperscale cloud providers and rising process control intensity at advanced nodes as drivers, and expects leverage to stay well beneath 1.5x over the medium term. Market: -4.6% today ($149.00), +17.2% YTD, 1.3x vol — as of 21:17 UTC