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Visual31 Oct 2025
Three decades of Rolls-Royce
KLA Corporation (KLAC) investor relations material
KLA Corporation Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary29 Oct, 2025
Executive summary
Achieved $3.21 billion in revenue for Q1 FY26, up 13% year-over-year and above guidance midpoint, with non-GAAP diluted EPS of $8.81 and GAAP diluted EPS of $8.47, both exceeding guidance.
Net income for the quarter was $1.17 billion non-GAAP and $1.12 billion GAAP.
Growth driven by process control leadership, AI infrastructure investment, and momentum in advanced packaging.
Service business delivered $745 million in revenue, up 16% year-over-year.
Record free cash flow of $1.07 billion for the quarter and $3.9 billion over the past 12 months, with $3.09 billion returned to shareholders.
Financial highlights
Revenue: $3.21 billion, up from $2.84 billion year-over-year.
Non-GAAP diluted EPS: $8.81; GAAP diluted EPS: $8.47.
Gross margin: 62.5% non-GAAP, 60.8% GAAP; non-GAAP operating margin: 43.2%.
Free cash flow: $1.07 billion for the quarter; $3.9 billion over 12 months.
Share buybacks totaled $545 million and dividends paid were $254 million for the quarter.
Outlook and guidance
Q2 FY26 revenue guidance is $3.225 billion ±$150 million.
Non-GAAP gross margin expected at 62% ±1 ppt; operating expenses at ~$635 million.
Non-GAAP diluted EPS guidance: $8.70 ±$0.78.
Advanced packaging revenue expected to exceed $925 million in 2025, up ~70% year-over-year.
2026 revenue impact from extended China export controls estimated at $300–$350 million.
AI impact on KLA segment growth?
Assess impact of US-China trade rules on KLA.
Impact of new tax legislation on Q1 results?
Advanced packaging revenue growth drivers
China export control revenue impact
DRAM/HBM process control intensity drivers
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Next KLA Corporation earnings date
Q2 202629 Jan, 2026
Next KLA Corporation earnings date
Q2 202629 Jan, 2026
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Frequently asked questions
Semiconductor Process Control and Management
KLA Corporation specializes in developing and manufacturing process control and yield management systems for the semiconductor industry. The company's products and services are designed to enhance the production and performance of integrated circuits and other microelectronics.
KLA's offerings include advanced inspection, metrology, and data analytics systems that enable semiconductor manufacturers to improve quality control, optimize production processes, and achieve higher yields. The company is headquartered in Milpitas, California, and its shares are listed on the NASDAQ.
KLA's Areas of Focus and Customer Groups
The company's core business revolves around the development and supply of advanced inspection, metrology, and data analytics tools. These tools are integral to the semiconductor manufacturing process, as they help identify and correct defects at various stages of production, thereby enhancing yield, improving device performance, and reducing production costs.
KLA's inspection systems are used to detect and analyze defects on wafers, photomasks, reticles, and even during the packaging process. These defects, if not detected early, can lead to significant issues in the final product, making KLA's solutions essential for maintaining the integrity and reliability of semiconductor devices. Their metrology tools, on the other hand, are used to measure critical dimensions, film thicknesses, and other key parameters, ensuring that the manufacturing process adheres to the precise specifications required for advanced semiconductor devices.
Beyond hardware, KLA also provides software and services. The company offers sophisticated data analytics solutions that leverage artificial intelligence (AI) and machine learning to predict potential issues and optimize production processes. This integration of hardware and software enables KLA’s customers to gain deeper insights into their manufacturing processes, facilitating continuous improvement and innovation.
KLA serves a wide range of customers, including semiconductor manufacturers, foundries, and electronic components suppliers. The company’s products are vital not only for cutting-edge semiconductor technologies, such as those used in smartphones and data centers, but also for fields like advanced packaging, automotive electronics, and the Internet of Things (IoT).
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