Earnings Call
Apr 29, 2026
Q1 FY2026
EPS Estimate
9.16
EPS Actual
8.81
Post-Earnings Close
$175.04
Earnings Reaction
-3.6%
KLA's September quarter came in ahead of expectations on nearly every metric, with revenue of $3.21 billion beating the $3.15 billion guidance midpoint and non-GAAP diluted EPS of $8.81 clearing both the guidance range and the consensus estimate of $9.16, though the EPS miss versus the Street estimate is worth noting against the otherwise clean beat on revenue and margins. Gross margin of 62.5% ran 50 basis points above guidance, driven by favorable product mix and manufacturing efficiencies, while free cash flow hit a record $1.07 billion for the quarter and $3.9 billion over the trailing twelve months, supporting $799 million in capital returns in the period alone.
Report generated on Apr 28, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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