EarningsQ4 2026 Earnings Report
MX:KLAC Q4 2026 EPS Results
Actual EPS$19.07
Consensus EPS$18.25
Beat/MissBeat by +$0.82
One Year Ago EPS$17.04
MX:KLAC Q4 2026 Revenue Results
Actual Revenue$66.38B
Expected Revenue$65.52B
Beat/MissBeat by +$858.96M
YoY Revenue Growth+15.18%
Earnings Announcement Details
QuarterQ4 2026
Date07/28/2026
TimeAfter Close
Conference CallTuesday, July 28, 2026
MX:KLAC Upcoming Earnings
KLA's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q4 2026 Earnings Call Audio
MX:KLAC Q4 2026 Earnings Call
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Q4 2026 Earnings Slide Deck
Q4 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial performance (record revenue, robust margins, high free cash flow, accelerating advanced packaging and services) and management upgraded the industry outlook and provided confident guidance. The main negatives were memory pricing headwinds, tariff impacts and earlier supply‑chain/long lead‑time constraints that limited H1 shipments and pressured near‑term margins. Overall, the positives (revenue & EPS beat, significant FCF and raised TAM/guidance plus strong advanced packaging and services momentum) materially outweigh the headwinds.Company Guidance
Record Revenue and Strong EPS
Revenue of $3.66 billion (record) — up 7% sequentially and 15% year‑over‑year. Non‑GAAP diluted EPS $1.05 and GAAP diluted EPS $1.04, both at the upper end of guidance.
Industry-Leading Profitability and Cash Generation
Gross margin 62.4% (upper end of guidance), operating margin 43.7%, incremental operating margin 59%. Non‑GAAP net income $1.39 billion; GAAP net income $1.36 billion. Cash flow from operations $906 million and free cash flow $817 million; free cash flow margin 28%.
Services and Recurring Revenue Momentum
KLA Services revenue $820 million, up 17% year‑over‑year. About 80% of services revenue is contract‑based; management expects services to operate toward the higher end of a long‑term 13%–15% growth target given higher tool utilization.
Accelerating Advanced Packaging and Specialty Markets
Advanced packaging process control systems revenue expected to reach ~ $1.1 billion in 2026 — >70% year‑over‑year (above prior expectations). Combined Specialty Process, PCB and Component Inspection products expected to grow >25% in calendar 2026, with KLA indicating ~2x growth vs. the advanced packaging market.
Upgraded Industry Outlook and Forward Guidance
KLA raised its wafer equipment market expectation for 2026 to the low $150 billion range (mid‑20% growth vs. ~ $120B in 2025). Company guidance for September quarter revenue $4.0 billion ± $200 million, gross margin ~62.5% ±1ppt, and non‑GAAP diluted EPS $1.16 ± $0.10. Management expects second‑half 2026 revenue ~20% higher than first half.
Strong Capital Allocation and Balance Sheet Actions
Ended quarter with $4.9 billion in cash and equivalents and $5.9 billion of debt. Returned $876 million to shareholders in the quarter (share repurchases $571 million, dividends $305 million); 12‑month total capital returns $3.3 billion.
Improving Order Funnel and Backlog
Management cited improving visibility and an order funnel that supports growth; backlog reported around $12.5 billion and has grown over recent quarters, supporting the raised outlook and capacity additions.
MX:KLAC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed