KLA beats estimates and guides to $4.7 billion next quarter
As seen on the 24/7 Wall St. homepage on October 28, 2026.
AI process-control demand is showing up in the guide: KLA steered December-quarter revenue to $4.7 billion plus or minus $200 million after exceeding expectations on both lines. That is the sixth straight quarter of topping EPS expectations.
Continue ReadingShow less
KLA reported adjusted non-GAAP EPS of $1.22 for its fiscal first quarter, beating expectations and extending its streak of topping Wall Street's EPS expectations to six consecutive quarters.
The Semiconductor Process Control segment generated $3.75 billion in the quarter as AI-driven demand accelerated investment across leading-edge foundry, logic, and memory. CEO Rick Wallace cited "the accelerated growth we expected for the second half of calendar 2026" as the defining theme of the period.
KLA steered December-quarter revenue to $4.70 billion plus or minus $200 million, comfortably above what the company just delivered. That suggests process-control spending is still accelerating rather than plateauing.
Sponsored
Net income rose 38% year over year to $1.55 billion, and capital expenditures roughly doubled as KLA invests in capacity to meet the demand it is guiding toward. Free cash flow underscores the financial flexibility behind that spending.
Risks include evolving U.S. export rules limiting sales to China, tariff uncertainty, supply constraints, and a concentrated customer base. Those headwinds have not derailed six straight quarters of beats, but they are the clearest pressure points on the trajectory Wallace is describing.
Mentioned: KLAC