The earnings call presented a strong performance in revenue growth, free cash flow, and EPS, driven by leadership in process control and advanced packaging. Despite challenges such as tariff impacts on gross margins and lower demand from China, KLA remains optimistic about future growth, highlighted by positive customer discussions for 2026.

Company Guidance -

Q1 2026

In the June 2025 quarter, KLA Corporation reported strong financial performance, exceeding the high end of its guidance ranges. The company achieved revenue of $3.175 billion, with non-GAAP diluted EPS of $9.38 and GAAP diluted EPS of $9.06. KLA also recorded a record free cash flow of over $1 billion. The company saw a 24% year-over-year revenue growth, driven by robust investment in leading-edge logic, high bandwidth memory (HBM), and advanced packaging capabilities. The advanced packaging systems-related revenue is now expected to exceed $925 million in 2025, up from a previous estimate of $850 million, and significantly higher than over $500 million last year. KLA's Services business also grew to $703 million, marking a 5% sequential and 14% annual increase. For the September quarter, KLA projects revenue of $3.15 billion, plus or minus $150 million, with a gross margin forecasted at 62%, plus or minus 1 percentage point. The company anticipates continued strong growth, supported by increasing investments in AI infrastructure, and expects to outperform the mid-single-digit WFE growth rate in 2025.

Record Revenue and Free Cash Flow

KLA reported a revenue of $3.175 billion and a record free cash flow of over $1 billion for the June 2025 quarter, marking a 24% year-over-year revenue growth.

Advanced Packaging and Process Control Leadership

KLA's advanced packaging revenue is expected to exceed $925 million in 2025, up from $850 million previously estimated, and the Service business grew 14% year-over-year to $703 million.

Strong EPS Performance

Non-GAAP diluted EPS was $9.38, above the guidance range, and GAAP diluted EPS was $9.06, at the upper end of the guidance range.

Increased Capital Returns

Total capital return in the June quarter was $680 million, with $426 million in share repurchases and $254 million in dividends.

Positive Outlook for 2026

Early customer discussions are constructive for growth in 2026, with expectations for continued investment in advanced logic and packaging driven by AI demand.

KLA (KLAC) Earnings, Revenues Date & History

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KLAC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2026 (Q1)	8.59 / -	7.33	―	―	―
Jul 31, 2025	2025 (Q4)	8.56 / 9.38	6.6	42.12% (+2.78)
Apr 30, 2025	2025 (Q3)	8.09 / 8.41	5.26	59.89% (+3.15)
Jan 30, 2025	2025 (Q2)	7.75 / 8.20	6.16	33.12% (+2.04)
Oct 30, 2024	2025 (Q1)	7.04 / 7.33	5.74	27.70% (+1.59)
Jul 24, 2024	2024 (Q4)	6.15 / 6.60	5.4	22.22% (+1.20)
Apr 25, 2024	2024 (Q3)	4.97 / 5.26	5.49	-4.19% (-0.23)
Jan 25, 2024	2024 (Q2)	5.91 / 6.16	7.38	-16.53% (-1.22)
Oct 25, 2023	2024 (Q1)	5.37 / 5.74	7.06	-18.70% (-1.32)
Jul 27, 2023	2023 (Q4)	4.86 / 5.40	5.81	-7.06% (-0.41)

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
Jul 31, 2025	$879.03	$886.64	+0.87%
Apr 30, 2025	$701.00	$674.68	-3.75%
Jan 30, 2025	$738.98	$734.81	-0.56%
Oct 30, 2024	$686.68	$661.30	-3.70%

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.