KLA Corporation 8-K

PositiveEarningsNew guidance

AI infrastructure demand strengthens across leading-edge foundry/logic, memory and advanced packaging; management expects momentum to accelerate in H2 2026.

Filed 2026-07-28 16:08 ET

Summary

Q4 and FY2026 results with Q1 FY2027 guidance. KLA reported higher Y/Y revenue and earnings; management cited strengthening demand tied to AI infrastructure, including leading-edge foundry/logic, memory and advanced packaging. Per-share figures reflect the 10-for-1 stock split effective 6/11/2026.

Key Figures

Metric Q4 FY2026 Q4 FY2025 Y/Y
Revenue $3.66B $3.17B 15.2%
Net income, GAAP $1.36B $1.20B 13.3%
Net income, non-GAAP $1.39B $1.24B 11.4%
Diluted EPS, GAAP $1.04 $0.91 14.3%
Diluted EPS, non-GAAP $1.05 $0.94 11.7%
Operating cash flow $906M $1.16B (22.2)%
Free cash flow $817M $1.06B (23.2)%
Metric FY2026 FY2025 Y/Y
Revenue $13.6B $12.2B 11.7%
Net income, GAAP $4.83B $4.06B 18.9%
Net income, non-GAAP $4.96B $4.45B 11.4%
Diluted EPS, GAAP $3.66 $3.04 20.4%
Diluted EPS, non-GAAP $3.76 $3.33 12.9%
Operating cash flow $4.14B $4.08B 1.5%
Free cash flow $3.77B $3.75B 0.5%
  • Capital returns were $876M in Q4 ($571M repurchases and $305M dividends), up 28.9% Y/Y; FY2026 returns were $3.35B ($2.29B repurchases and $1.06B dividends), up 9.6%. Weighted-average diluted shares fell 0.9% in Q4 and 1.3% for FY2026 Y/Y.

Guidance

Metric Period Guidance Prior Direction
Revenue Q1 FY2027 $3.8B-$4.2B — —
Gross margin, GAAP Q1 FY2027 60.6%-62.6% — —
Gross margin, non-GAAP Q1 FY2027 61.5%-63.5% — —
Diluted EPS, GAAP Q1 FY2027 $1.04-$1.24 — —
Diluted EPS, non-GAAP Q1 FY2027 $1.06-$1.26 — —

Investor Takeaways

  • Q1 FY2027 revenue, margins and EPS vs guidance will indicate whether the reported momentum is continuing; management also expects momentum to accelerate in H2 calendar 2026 and continue through 2027.

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