KLA Corporation: Beat — EPS $1.22, Revenue $4.14B
Earnings BeatQ1 2027 · After-market
Did KLA Corporation (KLAC) beat earnings today?
Yes, KLA Corporation (KLAC) beat Wall Street analyst expectations for Q1 2027, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+3.39% surprise
$1.22Actual
Expected: $1.18
vs. year ago +38.6%
Total Revenue+2.38% surprise
$4.14BActual
Expected: $4.04B
vs. year ago +28.9%
Released Oct 28 · 4:05 PM ET
Earning Report
| Metric | Q1 FY 2027 | Q1 FY 2026 | YoY Change % |
|---|---|---|---|
| Revenue | $4.14B | $3.21B | +28.9% |
| Revenue detail — reported lines | |||
| └─Product | $3.29B | $2.47B | +33.3% |
| └─Service | $850.55M | $744.69M | +14.2% |
| └─Semiconductor Process Control | $3.75B | $2.90B | +29.5% |
| └─Specialty Semiconductor Process | $139.49M | $119.75M | +16.5% |
| └─PCB and Component Inspection | $242.15M | $189.49M | +27.8% |
| └─Effects of changes in foreign currency exchange rates | $123.00K | $1.06M | -88.4% |
| Net Income | $1.55B | $1.12B | +38.1% |
| GAAP Basic EPS | $1.19 | $0.85 | +40.0% |
| GAAP Diluted EPS | $1.18 | $0.85 | +38.8% |
| Non-GAAP Diluted EPS | $1.22 | $0.88 | +38.6% |
Financial Outlook / Guidance
| Metric | Q2 FY 2027 Outlook | Full Year Outlook |
|---|---|---|
| Total revenues | $4.7B ± $200M | — |
| GAAP gross margin | 61.8% ± 1.0% | — |
| Non-GAAP gross margin | 62.5% ± 1.0% | — |
| GAAP diluted EPS | $1.41 ± $0.11 | — |
| Non-GAAP diluted EPS | $1.44 ± $0.11 | — |
Business Highlights
- ➤Process control remains critical to the AI ecosystem buildout.
- ➤Technology inflections include leading-edge foundry and logic designs, device size and memory complexity.
- ➤Advanced packaging increases process-control importance.
- ➤Process, PCB and component-inspection businesses benefit from high-performance-computing technology transitions.
- ➤Returned $1.24B to shareholders through dividends and common-stock repurchases.
- ➤KLA provides process-control and process-enabling solutions for wafers, reticles, integrated circuits, packaging and PCBs.
Management Commentary
Rick Wallace, President and CEO of KLA Corporation
“KLA's September quarter beat the midpoint of guidance across all key metrics, demonstrating the accelerated growth we expected for the second half of calendar 2026. Process control, and KLA in particular, continues to be critical to the AI ecosystem buildout and benefits from numerous ongoing inflections, including increases in leading-edge designs across foundry and logic, device size and value, memory complexity and performance requirements, and the importance of advanced packaging. In addition, KLA's process, PCB, and component inspection businesses are benefiting from the technology transitions and the rigorous performance requirements of high-performance computing, which further augments the company's growth profile. KLA's market-leading product portfolio and its associated services offerings remain well positioned to address these compelling opportunities as we approach the end of calendar 2026 and look forward to calendar 2027.”