KLA (KLAC)
NASDAQ:KLAC
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Earnings Data
Report Date
Jul 23, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
9.91Last Year’s EPS
9.38Same Quarter Last Year
Moderate Buy
Based on 22 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operational and financial picture: revenue and EPS beat expectations, robust market-share gains (especially in advanced packaging and process control), sizable capital returns, and upgraded long-term growth targets. Notable near-term headwinds include memory-related gross margin pressure (DRAM-related component costs and tariffs), some supply-chain scaling constraints in the first half, and elevated operating expenses. Management nevertheless expressed confidence in backlog visibility, 2026–2027 industry momentum, and the company’s ability to scale resources to meet demand.Company Guidance
Revenue Growth
March quarter revenue of $3.415 billion, up 4% sequentially and 11% year-over-year; revenue above guidance midpoint ($3.35B).
Earnings Beat
Non-GAAP diluted EPS of $9.40 and GAAP diluted EPS of $9.12, both above guidance midpoints.
Services Momentum and Predictability
Service revenue of $775 million, up 16% year-over-year (down 1% sequentially due to timing). Company reiterated services long-term CAGR target of ~13%–15% and emphasized services as predictable cash-flow anchor.
Advanced Packaging Share and Revenue Acceleration
KLA achieved #1 position in process control for advanced wafer-level packaging for 2025; advanced packaging process-control revenue expected to grow from approximately $635M in 2025 to approximately $1.0B in 2026 (roughly +57%); company also cited ~70% year-over-year revenue growth and a 14 percentage-point market share gain in advanced wafer-level packaging in 2025.
Market Share Gains in Process Control
Industry research cited by management shows KLA increased global share of wafer equipment and process control in 2025; process control share up ~360 basis points since 2021 and stated to be ~7x larger than the nearest competitor.
Strong Cash Generation & Capital Return
Quarterly free cash flow of $622 million; transcript reports free cash flow 'over the past 12 months' as $4 million with a free cash flow margin of 31% (transcript likely intended ~$4.0B given the 31% margin context). Total capital returned in the quarter was $875 million (share repurchases $626M, dividends $249M); 12-month capital returned $3.2B; company raised share repurchase authorization by $7B and announced 17th consecutive dividend increase.
Guidance and Forward Visibility
June quarter revenue guide $3.575B ± $200M; gross margin guide ~61.75% ±1ppt; non-GAAP EPS guide $9.87 ± $1; company expects semiconductor process control systems business to grow >20% in 2026 and reiterated high‑teen revenue growth for the company in 2026 with expectation of stronger growth in 2027.
Long-term Targets and Allocation
Raised long-term revenue CAGR objective to 13%–17% through 2030, increased long-term services revenue CAGR target to ~13%–15%, and announced intent to return >90% of free cash flow to shareholders as part of capital allocation strategy.
Operational/Industry Tailwinds
Management cited broad-based strengthening in wafer equipment demand (including greenfield fab builds), rising process-control intensity (leading-edge, HBM, advanced packaging), expanding backlog and sales funnel, and strong customer urgency/slot booking into 2027.
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 |
|---|---|---|---|
Apr 29, 2026 | $1816.21 | $1750.35 | -3.63% |
Jan 29, 2026 | $1682.52 | $1426.09 | -15.24% |
Oct 29, 2025 | $1231.61 | $1210.80 | -1.69% |
Jul 31, 2025 | $874.51 | $882.09 | +0.87% |
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 Jul 23, 2026, After Close (Confirmed).
What is KLA (KLAC) earnings time?
KLA (KLAC) earnings time is at Jul 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 (Q4) is 9.91.
