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KLA Corporation announced financial and operating results for its first quarter of fiscal year 2027, which ended on September 30, 2026, and reported GAAP net income of $1.55 billion and GAAP net income per diluted share of $1.18 on revenues of $4.14 billion.
"KLA's September quarter beat the midpoint of guidance across all key metrics, demonstrating the accelerated growth we expected for the second half of calendar 2026," said Rick Wallace, president and CEO of KLA Corporation. "Process control, and KLA in particular, continues to be critical to the AI ecosystem buildout and benefits from numerous ongoing inflections, including increases in leading-edge designs across foundry and logic, device size and value, memory complexity and performance requirements, and the importance of advanced packaging. In addition, KLA's process, PCB, and component inspection businesses are benefiting from the technology transitions and the rigorous performance requirements of high-performance computing, which further augments the company's growth profile. KLA's market-leading product portfolio and its associated services offerings remain well positioned to address these compelling opportunities as we approach the end of calendar 2026 and look forward to calendar 2027."
All per share amounts referenced herein have been retroactively adjusted to reflect the ten-for-one stock split effective June 11, 2026.
A reconciliation between GAAP operating results and non-GAAP operating results is provided following the financial statements included in this release. KLA will discuss the results for its fiscal year 2027 first quarter, along with its outlook, on a conference call today beginning at 2 p.m. PT. A webcast of the call will be available at: ir.kla.com.
Second Quarter Fiscal 2027 Guidance
The following details our guidance for the second quarter of fiscal 2027 ending in December:
- Total revenues are expected to be in a range of $4.7 billion +/- $200 million
- GAAP gross margin is expected to be in a range of 61.8% +/- 1.0%
- Non-GAAP gross margin is expected to be in a range of 62.5% +/- 1.0%
- GAAP diluted EPS is expected to be in a range of $1.41 +/- $0.11
- Non-GAAP diluted EPS is expected to be in a range of $1.44 +/- $0.11
