Companies /Technology

KLA Corp

NASDAQ: KLAC Semiconductor Equipment & Materials
$185.60
▲ $12.66 (+7.32%) today
Markets closed · 8:31pm ET

Q4 2025 Earnings

Reported Jul 31, 2025, 4:08pm ET · SEC source
$9.38
Beat +9.67%
EPS · est. $8.55
$3.2B
Beat +3.08%
Revenue · est. $3.1B
−8.4%
Trailing market
KLAC vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−2%0Jul 31Aug 1report 4:08pm ETearnings−1.6%−0.8%
−2%0Jul 31Aug 1earnings−1.6%−0.8%
KLAC −0.8%S&P 500 −1.6%
−2%0Jul 31Aug 1report 4:08pm ETearnings−1.9%−0.8%
−2%0Jul 31Aug 1earnings−1.9%−0.8%
KLAC −0.8%NASDAQ −1.9%
0+3%+6%Jul 30Aug 8report 4:08pm ETearnings+1.0%+5.3%
0+3%+6%Jul 30Aug 8earnings+1.0%+5.3%
KLAC +5.3%S&P 500 +1.0%
0+3%+6%Jul 30Aug 8report 4:08pm ETearnings+2.0%+5.3%
0+3%+6%Jul 30Aug 8earnings+2.0%+5.3%
KLAC +5.3%NASDAQ +2.0%
+0.87%
Day of report
+3.27%
Next session
+3.18%
One week
−4.82%
30 days

S&P 500 over the same 30 days: +3.54%.

Did KLAC Beat Earnings? Q4 2025 Results

KLA Corporation posted a standout fiscal fourth quarter, with non-GAAP diluted EPS of $9.38 beating the $8.55 consensus estimate by 9.71% and revenue of $3.17 billion topping expectations of $3.09 billion by 2.72%, representing a robust 23.7% year-over-year increase from $2.57 billion in the prior-year period. The primary engine behind the quarter was the Semiconductor Process Control segment, which generated $2.88 billion in Q4 revenue alone, as KLA's tools remain central to the AI-driven infrastructure buildout accelerating demand across leading-edge foundry, logic, and memory markets. The quarter also marked a milestone for capital generation, with record free cash flow of $1.06 billion, while the company returned $679.66 million to shareholders through dividends and buybacks. Against a backdrop where some chip equipment peers are navigating softer near-term demand signals, KLA's forward guidance for fiscal Q1 2026 calls for revenues of $3.15 billion and non-GAAP diluted EPS of $8.53, suggesting the company expects its momentum to remain largely intact heading into the new fiscal year.

Key Takeaways
  • AI infrastructure buildout driving demand for semiconductor capital equipment
  • Growing relevancy of KLA technologies in leading-edge foundry/logic and memory markets
  • Evolving opportunities in advanced semiconductor packaging
  • Record quarterly free cash flow exceeding $1 billion for the first time in June quarter
  • Product revenue grew significantly year-over-year from $1.955 billion to $2.472 billion in Q4

“KLA delivered strong across-the-board results for the June quarter including generating record quarterly free cash flow. These results reflect the unique and compelling opportunity within semiconductor capital equipment for KLA's continued role in enabling and supporting the AI infrastructure buildout.”

KLA CEO, on the earnings call

Forward Guidance & Outlook

For Q1 fiscal 2026 (ending September 2025), KLA expects total revenues of $3.15 billion +/- $150 million, GAAP gross margin of 60.7% +/- 1.0%, non-GAAP gross margin of 62.0% +/- 1.0%, GAAP diluted EPS of $8.28 +/- $0.77, and non-GAAP diluted EPS of $8.53 +/- $0.77.

KLAC YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$900.0M$1.8B$2.7B$2.6B$3.2BRevenue$1.6B$2.0BGross Profit$1.1B$1.4BOperating Income$836.5M$1.2BNet Income
$0$900.0M$1.8B$2.7BRevenueGross ProfitOperating IncomeNet Income

KLAC Revenue by Segment

Semiconductor Process Control$2.9B
PCB and Component Inspection$154.1M
Specialty Semiconductor Process$141.9M

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