The strong beat and raised guidance (Q2 revenue midpoint $4.7B vs Q1 actual $4.136B) signal accelerating demand for process control equipment tied to AI infrastructure. Watch for further upside if the AI buildout continues to drive foundry/logic and memory investment.
Price Chart
Executive Summary
KLA reported Q1 FY2027 revenue of $4.136B (above the $4.0B midpoint of guidance) and GAAP diluted EPS of $1.18, both above the midpoints of their respective guidance ranges. The company guided Q2 FY2027 revenue to $4.7B +- $200M and non-GAAP diluted EPS to $1.44 +- $0.11, implying continued strong growth driven by AI infrastructure and process control demand.
Key Financial Metrics
Key Facts
- Q1 FY2027 total revenues of $4.136B, up 28.9% YoY from $3.210B
- GAAP diluted EPS of $1.18, up 38.8% YoY from $0.85 (all per-share amounts retroactively adjusted for 10-for-1 stock split effective June 11, 2026)
- Non-GAAP diluted EPS of $1.22, up 38.6% YoY from $0.88
- Q2 FY2027 guidance: revenue $4.7B +- $200M, GAAP diluted EPS $1.41 +- $0.11, non-GAAP diluted EPS $1.44 +- $0.11
- Semiconductor Process Control segment revenue $3.754B, up 29.5% YoY from $2.899B
- Operating cash flow of $1.531B and free cash flow of $1.336B for the quarter
- Capital returns of $1.241B for the quarter, including $935.8M in share repurchases and $305.1M in dividends
Financial Impact
Revenue grew 28.9% YoY to $4.136B, EPS grew 38.8% YoY to $1.18, guidance for Q2 implies revenue of $4.7B +- $200M
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Semiconductor Process Control | $3.8B | +29.5% |
| Specialty Semiconductor Process | $139.5M | +16.5% |
| PCB and Component Inspection | $242.2M | +27.8% |
Risk Factors
- Tariffs and trade restrictions on China could impact future sales
- Cyclicality of semiconductor capital spending poses risk to sustained growth
- Geopolitical tensions and export control rules may limit market access
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000319201-26-000032 |
| Document: klac-20261028.htm | 0000319201-26-000032 |
| Document: 0000319201-26-000032-index-headers.html | 0000319201-26-000032 |
| Document: 0000319201-26-000032-index.html | 0000319201-26-000032 |
| Document: 0000319201-26-000032.txt | 0000319201-26-000032 |
| 8-K Data (Synthetic) | 0000319201-26-000032 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 28, 2026 2d ago | 8-K | $161.37 | awaiting T+5 | awaiting T+5 | $157.91 (−2.14%) |
Oct 16, 2026 13d ago | Institutional Cluster | $166.40 $149.21 | ▼ −10.33% | ▼ −10.19% | $157.91 (−5.10%) |
Sep 22, 2026 5w ago | DEF 14A | $187.86 $194.93 | ▲ +3.76% | ▲ +4.44% | $157.91 (−15.94%) |
Aug 14, 2026 11w ago | Insider Cluster | $205.76 $181.57 | ▲ +11.76% | ▲ +10.57% | $157.91 (+23.26%) |
Aug 13, 2026 11w ago | Insider Cluster | $203.72 $183.99 | ▼ −9.68% | ▼ −8.32% | $157.91 (−22.49%) |
Aug 12, 2026 11w ago | Insider Cluster | $209.37 $185.86 | ▼ −11.23% | ▼ −9.26% | $157.91 (−24.58%) |
Aug 11, 2026 11w ago | Insider Cluster | $208.25 $187.27 | ▼ −10.07% | ▼ −9.63% | $157.91 (−24.17%) |
Aug 5, 2026 12w ago | Insider Cluster | $193.22 $209.37 | ▲ +8.36% | ▲ +7.15% | $157.91 (−18.27%) |
Aug 5, 2026 12w ago | Insider Cluster | $193.22 $209.37 | ▲ +8.36% | ▲ +7.15% | $157.91 (−18.27%) |
Aug 5, 2026 12w ago | Insider Cluster | $193.22 $209.37 | ▲ +8.36% | ▲ +7.15% | $157.91 (−18.27%) |
US Market Status
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