KLA Corporation (KLAC) Earnings Call Transcripts

KLA Corporation's Latest Earnings Call - Q1 FY2027

In the September quarter of fiscal year 2026, KLA Corporation reported record revenue of $4.14 billion, exceeding the midpoint of guidance and reflecting a 29% year-over-year increase. The company also achieved operating margins above 46% for the first time, signaling strong operational efficiency. Management raised revenue guidance for the December quarter to approximately $4.7 billion, indicating continued growth momentum driven by AI infrastructure investments and advanced packaging. Overall, KLA's performance underscores its robust market position and optimistic outlook for calendar 2027, with expectations for significant growth across its business segments.

Reported metrics

Guidance from management

KLA raised its December quarter revenue guidance to approximately $4.7 billion, plus or minus $200 million. The company anticipates continued sequential growth into calendar 2027, with expectations for the wafer equipment market to exceed $200 billion in that year.

What management said

Right now, it's in the next several quarters, given the backlog growth and the visibility in the funnel that we'll see sequential growth for the next several quarters? Sort of implied second half stronger. I think it's more linear. I won't have the same, I don't think, as of now. The same significant uptick in half-to-half growth, it looks a little more linear to us, but we would expect sequential growth moving forwa...

On a consistent mix, I can see it trending there as we move into the second half of '27. We start to do deals around new products beyond the existing business that we have. It's very difficult to go increase prices on existing business and existing backlog. So I think as we move forward, I don't see any reason why assuming mix is consistent that we won't start to see some improvement in the process control part of th...

What analysts pressed on

Analysts expressed concerns regarding the sustainability of growth rates and the potential impact of memory pricing on margins. There were also questions about the company's ability to manage supply chain challenges and whether KLA could maintain its market share amid increasing competition.

Main topics on the call

• Record Revenue and Guidance Increase — KLA reported record revenue of $4.14 billion, which was 'above the midpoint of our guidance ranges across all key metrics.' The company raised its December quarter revenue guidance to 'approximately $4.7 billion,' indica...
• Strong Operating Margins — For the first time, KLA achieved operating margins over 46%, with a gross margin of 62.7%. This reflects 'strong sequential and year-over-year growth' and indicates effective cost management and operational efficiency.
• AI Infrastructure Demand — Management noted that 'the AI demand environment has continued to strengthen,' contributing to KLA's performance. This trend is expected to drive further growth in the semiconductor equipment market.
• Advanced Packaging Growth — KLA's advanced packaging process control systems revenue is on track to reach 'approximately $1.1 billion or more than 70% year-over-year growth.' This growth is nearly double the rate of the advanced packaging market, h...

Read the full KLA Corporation transcript (Q1 FY2027) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 84 KLA Corporation earnings call transcripts on record, spanning February 4, 2020 to October 28, 2026. Based on this history, KLA Corporation reports quarterly. The most recent call on file is dated October 28, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

KLAC

Exchange

NasdaqGS

Country

US

Sector

Information Technology

Industry

Semiconductors and Semiconductor Equipment

Calls on record

84

First call

February 4, 2020

Most recent

October 28, 2026

Reporting cadence

quarterly