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← KLA Corporation

KLA Corporation — 2026Q3 earnings

reported 2026-07-28

EPS $1.05 vs $1.00 est — beat

next session -10.8% (close 2026-07-28 → 2026-07-29)

Source

8-K filing ↗

Summary

KLA's fiscal fourth quarter of 2026 (June quarter, reported 28 July) came in above the midpoint on revenue at $3.66 billion and at the upper end of guidance on EPS, closing a fiscal year of $13.58 billion in revenue. Management's framing is that process control sits on the critical path of the AI infrastructure buildout, with leading-edge foundry/logic design complexity, memory performance specifications and advanced packaging all pulling demand - and it guided the September quarter to $4.0 billion, a step up from the June quarter. The June-quarter numbers are also the first reported after a ten-for-one stock split effected on 11 June 2026, with all per-share figures retroactively adjusted. No company-posted transcript or prepared remarks and no never-paywalled transcript could be reached for this call, so the call section is deliberately empty rather than reconstructed.

Review

From the report

Revenue above the midpoint and EPS at the upper end of guidance, with management placing process control on the critical path of AI infrastructure and guiding September up to $4.0 billion.

  • Quarterly revenue was $3.66 billion, above the midpoint of the guidance range. show quote
    “For the quarter, total revenues were $3.66 billion, above the midpoint of the guidance range;”
    source ↗
  • GAAP diluted EPS was $1.04 and non-GAAP diluted EPS $1.05, both at the upper end of the guidance range. show quote
    “GAAP diluted EPS was $1.04, at the upper end of the guidance range, and non-GAAP diluted EPS was $1.05, at the upper end of the guidance range;”
    source ↗
  • Full fiscal-year revenue was $13.58 billion with GAAP net income of $4.83 billion and GAAP diluted EPS of $3.66. show quote
    “For the fiscal year ended June 30, 2026, KLA reported GAAP net income of $4.83 billion and GAAP diluted EPS of $3.66 on total revenues of $13.58 billion.”
    source ↗
  • The CEO said process-control demand is being driven by leading-edge foundry/logic design complexity and memory performance requirements, with advanced packaging a further growth vector. show quote
    “KLA remains uniquely positioned on the critical path of AI infrastructure expansion, where the increasing number and sophistication of leading-edge designs across foundry/logic and the rising complexity and performance specifications in memory are driving greater demand for process control. In addition, the AI infrastructure buildout is also driving new growth opportunities in advanced packaging where KLA’s market-leading process control product portfolio is well positioned.”
    source ↗
  • Management said the growth trends are strengthening and momentum accelerates through the second half of calendar 2026 and into 2027. show quote
    “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,”
    source ↗
  • September-quarter guidance is total revenue of $4.0 billion plus or minus $200 million. show quote
    “Total revenues are expected to be in a range of $4.0 billion +/- $200 million”
    source ↗
  • Quarterly and full-year free cash flow were $817.1 million and $3.77 billion, with capital returns of $876.3 million and $3.35 billion respectively. show quote
    “Cash flow from operating activities for the quarter and fiscal year was $906.4 million and $4.14 billion, respectively, and free cash flow was $817.1 million and $3.77 billion, respectively; • Capital returns for the quarter and fiscal year were $876.3 million and $3.35 billion, respectively; and”
    source ↗
  • All per-share figures reflect a ten-for-one stock split effected after the close on 11 June 2026. show quote
    “On June 11, 2026, after the market close, the company effected a ten-for-one stock split of its common stock and a proportional increase in the number of authorized shares of common stock. Share and per share information throughout this press release have been retroactively adjusted to reflect the stock split.”
    source ↗

as of 2026-08-24