KLA Corporation (KLAC) Earnings Call Transcripts

KLA Corporation's Latest Earnings Call - Q4 FY2026

In the June quarter of fiscal year 2026, KLA Corporation reported record revenue of $3.66 billion, exceeding the midpoint of guidance by approximately $85 million and reflecting a 15% year-over-year increase. Non-GAAP diluted EPS was $1.05, also at the upper end of guidance. Management raised expectations for the wafer equipment market to approximately $150 billion for 2026, signaling strong demand driven by AI infrastructure and advanced packaging, which positions KLA for continued growth into 2027.

Reported metrics

Guidance from management

KLA expects September quarter revenue of $4 billion, plus or minus $200 million, with gross margin forecasted at 62.5%. This guidance reflects stable demand and operational efficiency, with a strong outlook for continued growth into 2027.

What management said

Krish, I'd also say that the memory headwinds we're experiencing today likely continue through next year. But I would expect you start to see some normalization on the pricing front that moves from a headwind to a tailwind. So we feel pretty good about the pricing model I talked about, and that's inclusive of some of this pressure. So a combination of being able to pass along but also to, I think, of just the increme...

And Blayne, because of the nature of the industry, because of the overlap and the knowledge that suppliers have of each other, if you really did have a number like that, we would see the signals because others -- there are others that have similar kind of lead time. So we would be responsive to that. We wouldn't be the ones not able to support that.

What analysts pressed on

Analysts expressed concerns regarding the sustainability of gross margins due to ongoing memory pricing pressures. There were also questions about KLA's ability to pass on increased costs to customers without impacting demand.

Main topics on the call

• Record Revenue and EPS — KLA achieved record revenue of $3.66 billion, which was above the midpoint of guidance of $3.575 billion. Non-GAAP diluted EPS reached $1.05, reflecting strong profitability and operational execution.
• Increased Wafer Equipment Market Outlook — Management raised the wafer equipment market outlook to approximately $150 billion for 2026, up from a previous estimate of $140 billion. This reflects a mid-20% growth rate driven by strong customer demand and investmen...
• Advanced Packaging Growth — KLA expects advanced packaging process control systems revenue to grow to approximately $1.1 billion in calendar 2026, up more than 70% year-over-year, exceeding prior expectations of high 50% growth. This growth is attr...
• Strong Cash Generation and Shareholder Returns — KLA generated $906 million in cash flow from operations and returned $876 million to shareholders in the quarter, including $571 million in share repurchases. This reflects a strong free cash flow margin of 28%.

Read the full KLA Corporation transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 81 KLA Corporation earnings call transcripts on record, spanning February 4, 2020 to July 28, 2026. Based on this history, KLA Corporation reports quarterly. The most recent call on file is dated July 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

81

First call

February 4, 2020

Most recent

July 28, 2026

Reporting cadence

quarterly