KLA Reports Strong Q4 and FY 2026 Results, Revenue Hits $3.66B

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KLA Corporation announced financial and operating results for its fourth quarter and fiscal year ended June 30, 2026. KLA reported GAAP net income of $1.36 billion and GAAP diluted earnings per share (EPS) of $1.04 on total revenues of $3.66 billion for the fourth quarter of fiscal year 2026. 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.

Highlights:

• For the quarter, total revenues were $3.66 billion, above the midpoint of the guidance range;
• 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;
• 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
• 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.

"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," said Rick Wallace, president and CEO of KLA Corporation. "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."

First Quarter Fiscal 2027 Guidance

The following details our guidance for the first quarter of fiscal 2027 ending in September:

• Total revenues are expected to be in a range of $4.0 billion +/- $200 million
• GAAP gross margin is expected to be in a range of 61.6% +/- 1.0%
• Non-GAAP gross margin is expected to be in a range of 62.5% +/- 1.0%
• GAAP diluted EPS is expected to be in a range of $1.14 +/- $0.10
• Non-GAAP diluted EPS is expected to be in a range of $1.16 +/- $0.10