Companies /Technology

KLA Corp

NASDAQ: KLAC Semiconductor Equipment & Materials
$185.60
▲ $12.66 (+7.32%) today
Markets closed · 7:01pm ET

Q2 2026 Earnings

Reported Jan 29, 2026, 4:06pm ET · SEC source
$8.85
Beat +0.59%
EPS · est. $8.80
$3.3B
Beat +1.43%
Revenue · est. $3.3B
+4.4%
Beating market
KLAC vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−10%−5%0+5%Jan 29Jan 30report 4:06pm ETearnings−0.5%−9.4%
−10%−5%0+5%Jan 29Jan 30earnings−0.5%−9.4%
KLAC −9.4%S&P 500 −0.5%
−10%−5%0+5%Jan 29Jan 30report 4:06pm ETearnings−1.5%−9.4%
−10%−5%0+5%Jan 29Jan 30earnings−1.5%−9.4%
KLAC −9.4%NASDAQ −1.5%
−16%−8%0+8%Jan 28Feb 6report 4:06pm ETearnings−0.5%−7.3%
−16%−8%0+8%Jan 28Feb 6earnings−0.5%−7.3%
KLAC −7.3%S&P 500 −0.5%
−16%−8%0+8%Jan 28Feb 6report 4:06pm ETearnings−3.2%−7.3%
−16%−8%0+8%Jan 28Feb 6earnings−3.2%−7.3%
KLAC −7.3%NASDAQ −3.2%
−15.24%
Day of report
−1.22%
Next session
+1.05%
One week
+3.36%
30 days

S&P 500 over the same 30 days: −0.99%.

Did KLAC Beat Earnings? Q2 2026 Results

KLA Corporation delivered a record-setting fiscal second quarter, with revenue of $3.30 billion and non-GAAP diluted EPS of $8.85 both topping Wall Street expectations, as <a href="https://247wallst.com/investing/2026/01/29/kla-corporation-earnings-preview-what-to-watch-when-klac-reports-today/">investors had been watching closely</a> heading into the print. The EPS figure edged past the $8.80 consensus by 0.59%, while revenue beat estimates by 1.43% and climbed 7.2% year over year, marking records for revenue, non-GAAP operating income, and free cash flow for both the quarter and full calendar year 2025. The result was driven primarily by KLA's Semiconductor Process Control segment, which generated $3.00 billion in revenue as demand for process control at the leading edge of foundry, logic, and memory accelerated, fueled by AI infrastructure buildout. Free cash flow reached $1.26 billion, and the company returned $797.40 million to shareholders through buybacks and dividends. With broader export restriction concerns lingering across the chip equipment sector, KLA's guidance for fiscal Q3 2026, calling for revenue of $3.35 billion and non-GAAP EPS of $9.08, signals management expects the momentum to continue.

Key Takeaways
  • Differentiated product portfolio driving record revenue performance
  • Increasing relevance of process control at leading edge for foundry/logic and memory
  • Strong free cash flow generation of $1.26 billion for the quarter and $4.38 billion for the last twelve months
  • Product revenue growth to $2.51 billion from $2.41 billion year-over-year
  • Service revenue growth to $786 million from $667 million year-over-year

“KLA delivered a record quarter and calendar 2025 for revenue, non-GAAP operating income, and free cash flow generation. This performance was fueled by our differentiated product portfolio and solid company execution in an environment where the relevance of process control at the leading edge for foundry/logic and memory is increasing. As the market leader in process control, KLA is well positioned to take advantage of this long-term trend.”

KLA CEO, on the earnings call

Forward Guidance & Outlook

For fiscal Q3 2026 (ending March 31, 2026), KLA guided total revenues in a range of $3.35 billion +/- $150 million, GAAP gross margin of 60.62% +/- 1.00%, non-GAAP gross margin of 61.75% +/- 1.00%, GAAP diluted EPS of $8.85 +/- $0.78, and non-GAAP diluted EPS of $9.08 +/- $0.78. Management views KLA as a key enabler of the AI ecosystem and expects to continue benefiting from the AI infrastructure buildout across foundry/logic, memory, advanced packaging, and services in calendar year 2026.

KLAC YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$1.0B$2.0B$3.0B$3.1B$3.3BRevenue$1.9B$2.0BGross Profit$1.2B$1.4BOperating Income$824.5M$1.1BNet Income
$0$1.0B$2.0B$3.0BRevenueGross ProfitOperating IncomeNet Income

KLAC Revenue by Segment

Semiconductor Process Control$3.0B+9.0%
PCB and Component Inspection$152.2M
Specialty Semiconductor Process$140.6M

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