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KLA (KLAC)
NASDAQ:KLAC
Earnings Data
Report Date
Apr 23, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
9.13Last Year’s EPS
8.41Same Quarter Last Year
Strong Buy
Based on 22 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong financial and operational performance picture: record revenue, double-digit top-line growth, substantial EPS expansion, industry-leading margins, robust free cash flow, and continued share gains in process control and advanced packaging. Management provided a constructive 2026 outlook (mid-single digit company growth and market outperformance) while flagging near-term headwinds — chiefly elevated DRAM costs that are expected to pressure gross margins (~75–100 bps in 2026) and supply/lead-time constraints that limit first-half shipments. On balance, the positives (scaleable profitability, cash generation, market share momentum, and strong guidance cadence) materially outweigh the manageable near-term challenges.Company Guidance
Record 2025 Revenue and Strong Top‑Line Growth
Full-year 2025 revenue grew 17% year-over-year to a record $12.745 billion; December-quarter revenue was $3.3 billion, above the guidance midpoint.
Significant EPS Expansion
Earnings per share grew 29% year-over-year for 2025. December-quarter non-GAAP diluted EPS was $8.85 and GAAP diluted EPS was $8.68, each above guidance midpoints.
Industry-Leading Margins
Maintained strong margin profile in 2025 with gross margin ~62% and operating margin ~43.6%; December-quarter gross margin was 62.6%, ~60 basis points above guidance midpoint.
Robust Free Cash Flow and Capital Returns
Free cash flow for 2025 grew 30% to $4.4 billion; quarterly free cash flow was a record $1.26 billion. Returned $3.0 billion to shareholders over the past 12 months (Q4 capital return $797 million: $548M buybacks, $250M dividends).
Process Control and Services Growth
Process control systems revenue grew 19% for 2025; service business grew 15% for the year. December-quarter services revenue was $786 million, up 6% sequentially and 18% year-over-year; services business has 16 consecutive years of annual growth with a >12% CAGR.
Advanced Packaging Momentum
Calendar 2025 total systems revenue for advanced packaging was $950 million, representing over 70% year-over-year growth; company expects mid- to high‑teens year-over-year growth in advanced packaging in 2026 driven by faster-than-market share gains.
Strong Cash Position and Credit Profile
Ended the quarter with $5.2 billion in cash, cash equivalents, and marketable securities; maintains investment-grade ratings and a flexible bond maturity profile.
Positive 2026 Market and Company Outlook
Company expects core WFE to grow high single to low double digits in 2026 (core WFE low $120B) and combined WFE + advanced packaging in the mid-$130B range; KLA expects to outgrow the market and forecasted 2026 revenue growth in the mid-single digits with acceleration in the second half.
Solid Operational Execution and R&D Investment
Operating expenses of $653 million (R&D $384M, SG&A $269M) reflect continued investment in next-generation products; management reiterated long-term operating model delivering strong incremental operating margin leverage.
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
KLAC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 29, 2026 | $1684.71 | $1427.94 | -15.24% |
Oct 29, 2025 | $1235.28 | $1214.41 | -1.69% |
Jul 31, 2025 | $877.12 | $884.71 | +0.87% |
Apr 30, 2025 | $699.48 | $673.22 | -3.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does KLA (KLAC) report earnings?
KLA (KLAC) is schdueled to report earning on Apr 23, 2026, After Close (Confirmed).
What is KLA (KLAC) earnings time?
KLA (KLAC) earnings time is at Apr 23, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KLAC EPS forecast?
KLAC EPS forecast for the fiscal quarter 2026 (Q3) is 9.13.
