KLA Delivers Strong Q1 FY2026 Results Above Guidance Midpoints, Says CEO Rick Wallace
31 October 2025 |
Company results
Revenue of $3.21 billion and non-GAAP EPS of $8.81 reflect double-digit year-over-year growth as KLA benefits from accelerating AI infrastructure demand and leading-edge semiconductor investments
- Total revenues were $3.21 billion, above the midpoint of the guidance range of $3.15 billion +/- $150 million;
- GAAP diluted EPS was $8.47 and non-GAAP diluted EPS was $8.81, both above the midpoints of the respective guidance ranges;
- Cash flow from operating activities for the quarter and last twelve months were $1.16 billion and $4.25 billion, respectively, and free cash flow was $1.07 billion and $3.88 billion, respectively; and
- Capital returns for the quarter and last twelve months were $799.1 million and $3.09 billion, respectively.
KLA Corporation (NASDAQ: KLAC) announced financial and operating results for its first quarter of fiscal year 2026, which ended on Sept. 30, 2025, and reported GAAP net income of $1.12 billion and GAAP net income per diluted share of $8.47 on revenues of $3.21 billion.
"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," said Rick Wallace, president and CEO of KLA Corporation. "The AI infrastructure buildout represents a profound change in high performance computing that will positively affect a wide range of industries over the coming years. KLA is in a unique position to benefit from this buildout with an industry-leading portfolio of solutions directly addressing the biggest challenges for AI compute in the leading-edge foundry/logic, memory, and advanced packaging markets."
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GAAP Results
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Q1 FY 2026
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Q4 FY 2025
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Q1 FY 2025
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Total Revenues
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$3,210 million
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$3,175 million
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$2,842 million
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Net Income
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$1,121 million
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$1,203 million
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$946 million
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Net Income per Diluted Share
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$8.47
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$9.06
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$7.01
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Non-GAAP Results
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Q1 FY 2026
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Q4 FY 2025
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Q1 FY 2025
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Net Income
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$1,167 million
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$1,244 million
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$988 million
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Net Income per Diluted Share
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$8.81
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$9.38
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$7.33
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A reconciliation between GAAP operating results and non-GAAP operating results is provided following the financial statements included in this release. KLA will discuss the results for its fiscal year 2026 first quarter, along with its outlook, on a conference call today beginning at 2:00 p.m. P.T. A webcast of the call will be available at: www.kla.com.
Second Quarter Fiscal 2026 Guidance
The following details our guidance for the second quarter of fiscal 2026 ending in Dec.:
- Total revenues are expected to be in a range of $3.225 billion +/- $150 million
- GAAP gross margin is expected to be in a range of 60.8% +/- 1.0%
- Non-GAAP gross margin is expected to be in a range of 62.0% +/- 1.0%
- GAAP diluted EPS is expected to be in a range of $8.46 +/- $0.78
- Non-GAAP diluted EPS is expected to be in a range of $8.70 +/- $0.78
