The Investor
29 Oct 2025, 20:19
KLA Q1 FY2026: Strong Revenue and EPS Growth Driven by AI Infrastructure Demand
KLA Corporation (NASDAQ: KLAC) reported first-quarter fiscal 2026 results with revenue of $3.21 billion, above the midpoint of guidance and up from $2.84 billion a year earlier. GAAP net income reached $1.12 billion ($8.47 per diluted share), while non-GAAP net income was $1.17 billion ($8.81 per diluted share), reflecting double-digit year-over-year growth in both revenue and earnings.
Operating cash flow totaled $1.16 billion for the quarter and $4.25 billion for the last twelve months, with free cash flow of $1.07 billion and $3.88 billion, respectively. The company returned $799 million to shareholders in Q1 and $3.09 billion over the past year through dividends and share repurchases.
CEO Rick Wallace highlighted that KLA continues to outperform industry peers amid the AI infrastructure buildout, which is driving demand across foundry, logic, memory, and advanced packaging markets.
For Q2 FY2026, KLA expects revenue between $3.075 billion and $3.375 billion, GAAP EPS of $8.46 ± $0.78, and non-GAAP EPS of $8.70 ± $0.78. The company forecasts gross margins of 60.8% (GAAP) and 62.0% (non-GAAP), maintaining confidence in sustained growth and profitability through continued AI-driven semiconductor investment.
KLA Corporation (NASDAQ: KLAC) reported first-quarter fiscal 2026 results with revenue of $3.21 billion, above the midpoint of guidance and up from $2.84 billion a year earlier. GAAP net income reached $1.12 billion ($8.47 per diluted share), while non-GAAP net income was $1.17 billion ($8.81 per diluted share), reflecting double-digit year-over-year growth in both revenue and earnings.
Operating cash flow totaled $1.16 billion for the quarter and $4.25 billion for the last twelve months, with free cash flow of $1.07 billion and $3.88 billion, respectively. The company returned $799 million to shareholders in Q1 and $3.09 billion over the past year through dividends and share repurchases.
CEO Rick Wallace highlighted that KLA continues to outperform industry peers amid the AI infrastructure buildout, which is driving demand across foundry, logic, memory, and advanced packaging markets.
For Q2 FY2026, KLA expects revenue between $3.075 billion and $3.375 billion, GAAP EPS of $8.46 ± $0.78, and non-GAAP EPS of $8.70 ± $0.78. The company forecasts gross margins of 60.8% (GAAP) and 62.0% (non-GAAP), maintaining confidence in sustained growth and profitability through continued AI-driven semiconductor investment.