Companies /Technology
KLA Corp
NASDAQ: KLAC Semiconductor Equipment & Materials
$174.46
▼ $4.35 (−2.43%) today
Markets closed · 2:43am ET

KLA (KLAC) Q1 2026 Earnings

Reported Oct 29, 2025, 4:11pm ET · SEC source
$0.88
Beat +2.24%
EPS · est. $0.86
$3.2B
Beat +1.25%
Revenue · est. $3.2B
−2.3%
Trailing market
KLAC vs S&P since report
6 quarters
Consecutive EPS beats

How Did KLAC Stock React to Q1 2026 Earnings?

% change · around the report
−6%−3%0Oct 29Oct 30report 4:11pm ETearnings−0.4%−2.7%
−6%−3%0Oct 29Oct 30earnings−0.4%−2.7%
KLAC −2.7%S&P 500 −0.4%
−6%−3%0Oct 29Oct 30report 4:11pm ETearnings−0.3%−2.7%
−6%−3%0Oct 29Oct 30earnings−0.3%−2.7%
KLAC −2.7%NASDAQ −0.3%
−2%0+2%+4%Oct 28Nov 6report 4:11pm ETearnings−2.1%−0.9%
−2%0+2%+4%Oct 28Nov 6earnings−2.1%−0.9%
KLAC −0.9%S&P 500 −2.1%
−3%0+3%Oct 28Nov 6report 4:11pm ETearnings−3.4%−0.9%
−3%0+3%Oct 28Nov 6earnings−3.4%−0.9%
KLAC −0.9%NASDAQ −3.4%
−1.69%
Day of report
−0.47%
Next session
−0.66%
One week
−2.02%
30 days

S&P 500 over the same 30 days: +0.25%.

Did KLAC Beat Earnings? Q1 2026 Results

Yes. KLA reported Q1 2026 earnings of $0.88 a share on Oct 29, 2025, beating the $0.86 consensus estimate by 2.2%. Revenue was $3.2B against a $3.2B estimate.

KLA Corporation kicked off fiscal 2026 with a clean beat on both the top and bottom lines, as the semiconductor process control giant reported Q1 revenue of $3.21 billion, up 13.0% year over year and ahead of the $3.17 billion consensus by 1.25%, while non-GAAP diluted EPS of $8.81 cleared the $8.62 analyst estimate by 2.24%. The results were powered by a resurgent Semiconductor Process Control segment, which alone generated $2.90 billion in revenue, with CEO Rick Wallace pointing to the AI infrastructure buildout as a defining demand driver across leading-edge foundry/logic, memory, and advanced packaging markets. Barclays responded to the print with an upgrade to Overweight and a notably higher price target, citing KLA's relative insulation from potential China revenue headwinds tied to tightening U.S. export controls. Capital returns remained a standout story, with $799.08 million returned to shareholders in the quarter through buybacks and dividends. Looking ahead, KLA guided Q2 revenue of $3.23 billion and non-GAAP EPS of $8.70, signaling continued confidence in AI-driven semiconductor investment.

Key Takeaways
  • Double-digit year-over-year revenue and EPS growth
  • AI infrastructure buildout driving demand in foundry/logic, memory, and advanced packaging
  • Strong Semiconductor Process Control segment revenue growth
  • Service revenue growth from $644 million to $745 million year-over-year
  • Product revenue growth from $2.197 billion to $2.465 billion year-over-year

“KLA produced a strong all-around September quarter performance above the guidance midpoints. These results reflect double-digit year-over-year revenue and EPS growth, and KLA is on pace for solid relative revenue growth compared to our industry in calendar 2025.”

KLA CEO, on the earnings call

What Was KLA's Outlook in Q1 2026?

For Q2 FY2026 (quarter ending December 2025), KLA guided total revenues of $3.225 billion +/- $150 million, GAAP gross margin of 60.8% +/- 1.0%, non-GAAP gross margin of 62.0% +/- 1.0%, GAAP diluted EPS of $8.46 +/- $0.78, and non-GAAP diluted EPS of $8.70 +/- $0.78. The company expects continued benefit from the AI infrastructure buildout driving demand in leading-edge foundry/logic, memory, and advanced packaging markets, and anticipates solid relative revenue growth compared to its industry in calendar 2025.

KLAC YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$900.0M$1.8B$2.7B$2.8B$3.2BRevenue$1.7B$2.0BGross Profit$1.1B$1.3BOperating Income$945.9M$1.1BNet Income
$0$900.0M$1.8B$2.7BRevenueGross ProfitOperating IncomeNet Income
KLAC income statement, Q1 2026 versus Q1 2025
Metric Q1 2026 Q1 2025 Year over year
Revenue $3.2B $2.8B +13.0%
Gross Profit $2.0B $1.7B +16.1%
Operating Income $1.3B $1.1B +19.4%
Net Income $1.1B $945.9M +18.5%

KLAC Revenue by Segment

Semiconductor Process Control$2.9B
PCB and Component Inspection$189.5M
Specialty Semiconductor Process$119.8M

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