KLA (KLAC) Q1 2027 Earnings
Non-GAAP excludes acquisition-related charges of $43.0 million (pre-tax), Pillar Two undertaxed profits rule taxes of $20.2 million, and discrete tax items of $5.8 million; GAAP diluted EPS was $1.18
How Did KLAC Stock React to Q1 2027 Earnings?
Did KLAC Beat Earnings? Q1 2027 Results
Yes. KLA reported Q1 2027 earnings of $1.22 a share on Oct 28, 2026, beating the $1.18 consensus estimate by 3.5%. Revenue was $4.1B against a $4.0B estimate.
KLA Corporation delivered a convincing fiscal first-quarter beat, posting adjusted non-GAAP EPS of $1.22 against the $1.18 consensus estimate, a 3.55% beat that extended the company's streak of topping Wall Street's EPS expectations to six consecutive quarters. Revenue of $4.14 billion cleared the $4.04 billion consensus by 2.42% and was up 28.9% from a year earlier, landing comfortably within the company's guided range of $4.00 billion plus or minus $200 million. The primary engine behind the outperformance was KLA's Semiconductor Process Control segment, which generated $3.75 billion in the quarter, up from $2.90 billion a year ago, as AI-driven demand accelerated investment across leading-edge foundry, logic, and memory. CEO Rick Wallace credited what he described as "the accelerated growth we expected for the second half of calendar 2026," a theme echoed broadly across the semiconductor equipment sector. Looking ahead, KLA guided December-quarter revenue to $4.70 billion plus or minus $200 million, with non-GAAP diluted EPS of $1.44 plus or minus $0.11, signaling continued momentum into calendar 2027.
- AI ecosystem buildout driving process control demand
- Increases in leading-edge designs across foundry and logic
- Growing device size and value, plus memory complexity and performance requirements
- Rising importance of advanced packaging
- High-performance computing technology transitions benefiting process, PCB and component inspection businesses
- Service revenue rose to $850.5 million from $744.7 million a year ago
“KLA's September quarter beat the midpoint of guidance across all key metrics, demonstrating the accelerated growth we expected for the second half of calendar 2026.”
KLA CEO, on the earnings call
What Is KLA's Outlook?
For the second quarter of fiscal 2027, ending December 2026, KLA expects: - Total revenues of $4.7 billion +/- $200 million. - GAAP gross margin of 61.8% +/- 1.0% and non-GAAP gross margin of 62.5% +/- 1.0%. - GAAP diluted EPS of $1.41 +/- $0.11 (range $1.30–$1.52). - Non-GAAP diluted EPS of $1.44 +/- $0.11 (range $1.33–$1.55). - Approximately 1,306 million diluted shares. The CEO cited continued AI-driven inflections in process control as the company approaches the end of calendar 2026 and looks to calendar 2027.
KLAC YoY Financials
| Metric | Q1 2027 | Q1 2026 | Year over year |
|---|---|---|---|
| Revenue | $4.1B | $3.2B | +28.9% |
| Net Income | $1.5B | $1.1B | +38.1% |
KLAC Revenue by Segment
When Does KLA Report Next?
Figures from SEC filings and company reports. Not investment advice.