KLA Corporation (KLAC) Earnings Call Transcripts

KLA Corporation's Latest Earnings Call - September 11, 2026

In the September 11, 2026 earnings call, KLA Corporation (KLAC:US) reported strong momentum with a projected revenue growth rate in the low 20% range for fiscal year 2026, building on previous years' growth of 12% and 19%. The company highlighted an operating margin improvement of over 400 basis points, indicating robust operational leverage. Management raised their outlook for the semiconductor industry, now expecting a growth rate in the mid-20s percent for 2027, supported by a backlog exceeding $12 billion, signaling strong future demand and visibility.

Reported metrics

Guidance from management

Management maintained a positive outlook for 2027, expecting continued growth driven by a strong backlog and favorable market dynamics. The guidance reflects confidence in the company's ability to capitalize on industry trends.

What management said

[ Solved in a mod way ] in as it relates to some of our product development efforts. One of the things we talked about at Investor Day, is the use of AI in our systems. And we had our first engagement with AI back in the middle of the last decade. We put it in our first product back in 2019. And now we have it deployed across the portfolio. So in terms of product development efforts -- and I'll come back and talk abo...

Yes. So AI is deeply deployed in our systems and primarily because KLA takes the most amount of images of semiconductor devices probably in the world. Just to give some context, an average high-end KLA machine can take about 1 petabyte of images per day. In order to process those images, we have completely changed our compute architecture, and we utilize GPUs and memory to do these calculations. So all of that is dri...

What analysts pressed on

Analysts expressed concerns regarding supply chain constraints, particularly in DRAM, and the potential impact on gross margins. There were also questions about the sustainability of growth beyond 2027, given the cyclical nature of the semiconductor industry.

Main topics on the call

• Revenue Growth Outlook — KLA expects revenue growth in the low 20% range for fiscal year 2026, up from 19% in 2025. Management stated, "2026 is setting up to be a very good year for the company," reflecting confidence in sustained demand.
• Operating Margin Improvement — The company reported over 400 basis points of improvement in operating margins, with incremental margins at the top end of the 40% to 50% target. This reflects strong operational efficiency and cost management.
• Increased Industry Growth Projections — Management raised their industry growth outlook from $135-$140 billion to a low $150 billion range, indicating a mid-20s percent growth rate for 2027. This was attributed to a strong backlog and market dynamics.
• AI Integration in Product Development — KLA has integrated AI across its systems, enhancing product capabilities and operational efficiency. Ahmad Khan noted, "AI is deeply deployed in our systems," indicating a strategic focus on leveraging technology for com...

Read the full KLA Corporation transcript (September 11, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 83 KLA Corporation earnings call transcripts on record, spanning February 4, 2020 to September 11, 2026. Based on this history, KLA Corporation reports quarterly. The most recent call on file is dated September 11, 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

83

First call

February 4, 2020

Most recent

September 11, 2026

Reporting cadence

quarterly