Companies /Technology

KLA Corp

NASDAQ: KLAC Semiconductor Equipment & Materials
$185.60
▲ $12.66 (+7.32%) today
Markets closed · 4:23pm ET

Q4 2026 Earnings

Reported Jul 28, 2026, 4:08pm ET · SEC source
$1.05
Beat +5.14%
EPS · est. $1.00
$3.7B
Beat +1.52%
Revenue · est. $3.6B
−2.3%
Trailing market
KLAC vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−5%0+5%+10%Jul 28Jul 29report 4:08pm ETearnings−1.1%−1.6%
−5%0+5%+10%Jul 28Jul 29earnings−1.1%−1.6%
KLAC −1.6%S&P 500 −1.1%
−5%0+5%+10%Jul 28Jul 29report 4:08pm ETearnings−1.3%−1.6%
−5%0+5%+10%Jul 28Jul 29earnings−1.3%−1.6%
KLAC −1.6%NASDAQ −1.3%
0+6%+12%+18%Jul 27Aug 5report 4:08pm ETearnings+4.0%+11.1%
0+6%+12%+18%Jul 27Aug 5earnings+4.0%+11.1%
KLAC +11.1%S&P 500 +4.0%
0+6%+12%+18%Jul 27Aug 5report 4:08pm ETearnings+5.8%+11.1%
0+6%+12%+18%Jul 27Aug 5earnings+5.8%+11.1%
KLAC +11.1%NASDAQ +5.8%
−10.80%
Day of report
+5.96%
Next session
+13.29%
One week
+3.14%
30 days

S&P 500 over the same 30 days: +5.47%.

Did KLAC Beat Earnings? Q4 2026 Results

KLA Corporation delivered a clean beat across the board in fiscal Q4 2026, with revenue of $3.66 billion coming in 1.52% above the $3.60 billion consensus and non-GAAP diluted EPS of $1.05 topping the $1.00 estimate by 5.14%, extending the company's streak of consensus EPS beats to five consecutive quarters. Revenue grew 15.2% year over year, powered by the Semiconductor Process Control segment, which generated $3.26 billion in quarterly revenue as AI infrastructure buildout intensified demand for leading-edge process control equipment. GAAP net income climbed to $1.36 billion from $1.20 billion a year earlier, while the company returned $876.33 million to shareholders through buybacks and dividends in the quarter alone. Despite a notable stock pullback in the weeks leading into the report amid investor concern over U.S. export restrictions affecting China sales, KLA's forward outlook remained constructive; management guided Q1 FY2027 revenue to $4.00 billion, plus or minus $200 million, with non-GAAP EPS of $1.16, plus or minus $0.10, signaling continued growth acceleration through 2027.

Key Takeaways
  • AI infrastructure expansion driving demand for process control
  • Increasing number and sophistication of leading-edge designs across foundry/logic
  • Rising complexity and performance specifications in memory
  • Growth opportunities in advanced packaging
  • Product revenue growth to $2.84 billion from $2.47 billion year-over-year
  • Service revenue growth to $820 million from $703 million year-over-year

“KLA's June quarter results reinforce that the trends driving our growth are strengthening, and we see momentum across our business accelerating in the second half of calendar 2026 and continuing through 2027.”

KLA CEO, on the earnings call

Forward Guidance & Outlook

For Q1 FY2027 (quarter ending September 2026), KLA expects total revenues of $4.0 billion +/- $200 million, GAAP gross margin of 61.6% +/- 1.0%, non-GAAP gross margin of 62.5% +/- 1.0%, GAAP diluted EPS of $1.14 +/- $0.10, and non-GAAP diluted EPS of $1.16 +/- $0.10. CEO Rick Wallace indicated that growth momentum is accelerating in the second half of calendar 2026 and is expected to continue through 2027, driven by AI infrastructure expansion, increasing leading-edge design complexity, and rising memory performance specifications.

KLAC YoY Financials

Q4 2026 vs Q4 2025 · SEC filings Q4 2025 Q4 2026
$0$2.0B$4.0B$3.2B$3.7BRevenue$2.0B$2.2BGross Profit$1.4B$1.6BOperating Income$1.2B$1.4BNet Income
$0$2.0B$4.0BRevenueGross ProfitOperating IncomeNet Income

KLAC Revenue by Segment

Semiconductor Process Control$3.3B+13.2%
PCB and Component Inspection$241.1M+56.5%
Specialty Semiconductor Process$159.7M+12.6%

Figures from SEC filings and company reports. Not investment advice.