Q2 26 EPS
$8.85
BEAT +0.59%
Est. $8.80
Q2 26 Revenue
$3.30B
BEAT +1.43%
Est. $3.25B
vs S&P Since Q2 26
+8.1%
BEATING MARKET
KLAC +12.2% vs S&P +4.1%
Market Reaction
Did KLAC Beat Earnings? Q2 2026 Results
KLA Corporation delivered a record-setting fiscal second quarter, with revenue of $3.30 billion and non-GAAP diluted EPS of $8.85 both topping Wall Street expectations, as investors had been watching closely heading into the print. The EPS figure edg… Read more KLA Corporation delivered a record-setting fiscal second quarter, with revenue of $3.30 billion and non-GAAP diluted EPS of $8.85 both topping Wall Street expectations, as investors had been watching closely heading into the print. The EPS figure edged past the $8.80 consensus by 0.59%, while revenue beat estimates by 1.43% and climbed 7.2% year over year, marking records for revenue, non-GAAP operating income, and free cash flow for both the quarter and full calendar year 2025. The result was driven primarily by KLA's Semiconductor Process Control segment, which generated $3.00 billion in revenue as demand for process control at the leading edge of foundry, logic, and memory accelerated, fueled by AI infrastructure buildout. Free cash flow reached $1.26 billion, and the company returned $797.40 million to shareholders through buybacks and dividends. With broader export restriction concerns lingering across the chip equipment sector, KLA's guidance for fiscal Q3 2026, calling for revenue of $3.35 billion and non-GAAP EPS of $9.08, signals management expects the momentum to continue.
Key Takeaways
- • Differentiated product portfolio driving record revenue performance
- • Increasing relevance of process control at leading edge for foundry/logic and memory
- • Strong free cash flow generation of $1.26 billion for the quarter and $4.38 billion for the last twelve months
- • Product revenue growth to $2.51 billion from $2.41 billion year-over-year
- • Service revenue growth to $786 million from $667 million year-over-year
KLAC YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
KLAC Revenue by Segment
With YoY comparisons, source: SEC Filings
“KLA delivered a record quarter and calendar 2025 for revenue, non-GAAP operating income, and free cash flow generation. This performance was fueled by our differentiated product portfolio and solid company execution in an environment where the relevance of process control at the leading edge for foundry/logic and memory is increasing. As the market leader in process control, KLA is well positioned to take advantage of this long-term trend.”
— Rick Wallace, Q2 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% |