Q1 26 EPS
$8.81
BEAT +2.24%
Est. $8.62
Q1 26 Revenue
$3.21B
BEAT +1.25%
Est. $3.17B
vs S&P Since Q1 26
+35.4%
BEATING MARKET
KLAC +41.5% vs S&P +6.0%
Market Reaction
Did KLAC Beat Earnings? Q1 2026 Results
KLA Corporation kicked off fiscal 2026 with a clean beat on both the top and bottom lines, as the semiconductor process control giant reported Q1 revenue of $3.21 billion, up 13.0% year over year and ahead of the $3.17 billion consensus by 1.25%, whi… Read more KLA Corporation kicked off fiscal 2026 with a clean beat on both the top and bottom lines, as the semiconductor process control giant reported Q1 revenue of $3.21 billion, up 13.0% year over year and ahead of the $3.17 billion consensus by 1.25%, while non-GAAP diluted EPS of $8.81 cleared the $8.62 analyst estimate by 2.24%. The results were powered by a resurgent Semiconductor Process Control segment, which alone generated $2.90 billion in revenue, with CEO Rick Wallace pointing to the AI infrastructure buildout as a defining demand driver across leading-edge foundry/logic, memory, and advanced packaging markets. Barclays responded to the print with an upgrade to Overweight and a notably higher price target, citing KLA's relative insulation from potential China revenue headwinds tied to tightening U.S. Export controls. Capital returns remained a standout story, with $799.08 million returned to shareholders in the quarter through buybacks and dividends. Looking ahead, KLA guided Q2 revenue of $3.23 billion and non-GAAP EPS of $8.70, signaling continued confidence in AI-driven semiconductor investment.
Key Takeaways
- • Double-digit year-over-year revenue and EPS growth
- • AI infrastructure buildout driving demand in foundry/logic, memory, and advanced packaging
- • Strong Semiconductor Process Control segment revenue growth
- • Service revenue growth from $644 million to $745 million year-over-year
- • Product revenue growth from $2.197 billion to $2.465 billion year-over-year
KLAC YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
KLAC Revenue by Segment
With YoY comparisons, source: SEC Filings
“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.”
— Rick Wallace, Q1 2026 Earnings Press Release
KLAC Earnings Trends
KLAC vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
KLAC EPS Trend
Earnings per share: estimate vs actual
KLAC Revenue Trend
Quarterly revenue: estimate vs actual
KLAC Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 | — | $9.40 | — | $3.42B | +1.22% |
| Q2 26 BEAT | $8.80 | $8.85 | +0.59% | $3.30B | +1.43% |
| Q1 26 BEAT | $8.62 | $8.81 | +2.24% | $3.21B | +1.25% |
| Q4 25 BEAT FY | $8.55 | $9.38 | +9.71% | $3.17B | +2.72% |
| FY Full Year | $32.56 | $33.28 | +2.20% | $12.16B | +0.70% |
| Q3 25 BEAT | $8.08 | $8.41 | +4.03% | $3.06B | +1.77% |