OpenNashEarnings

KLA (KLAC) · Semiconductors

KLA Q4 FY2026 earnings: summary, key numbers & outlook

Results filed 28 Jul 2026 · Quarter ended 30 Jun 2026

Press release ↗Investor relations ↗

Summaries and transcripts are machine-generated and can contain errors.

In brief

KLA reported fourth-quarter fiscal 2026 total revenues of $3.66 billion, GAAP net income of $1.36 billion, GAAP diluted EPS of $1.04 and non-GAAP diluted EPS of $1.05.

KLA's June quarter brought in $3.66 billion of revenue, up from $3,175 million a year earlier and $3,415 million in the March quarter. GAAP diluted EPS was $1.04 and non-GAAP diluted EPS was $1.05. Operating cash flow was $906.4 million and free cash flow was $817.1 million. The company returned $876.3 million to shareholders and completed a ten-for-one stock split on June 11, 2026.

Management guides September-quarter revenue to $4.0 billion plus or minus $200 million, with non-GAAP EPS of $1.16 plus or minus $0.10. CEO Rick Wallace says momentum should accelerate in the second half of calendar 2026 and continue through 2027, driven by AI infrastructure. The risks the company lists include export rules affecting China, tariffs, a concentrated customer base and cyclical demand.

Key numbers

Total revenues, Q4 FY2026
$3.66 billion

from $3,175 million in Q4 FY 2025

GAAP net income, Q4 FY2026 · GAAP
$1.36 billion

from $1,203 million in Q4 FY 2025

GAAP diluted EPS, Q4 FY2026 · GAAP
$1.04

from $0.91 in Q4 FY 2025

Non-GAAP diluted EPS, Q4 FY2026 · non-GAAP
$1.05

from $0.94 in Q4 FY 2025

Operating cash flow, Q4 FY2026 · GAAP
$906.4 million

Free cash flow, Q4 FY2026 · non-GAAP
$817.1 million

Capital returns, Q4 FY2026
$876.3 million

Total revenues, fiscal 2026
$13.58 billion

Segment or metricValueChange
Semiconductor Process Control$3.3Bfrom $2,877,647 in the year-ago quarter
Specialty Semiconductor Process$159.7Mfrom 141,866 in the year-ago quarter
PCB and Component Inspection$241.1Mfrom 154,106 in the year-ago quarter
Where each number comes from
  • Total revenues, Q4 FY2026: “KLA reported GAAP net income of $1.36 billion and GAAP diluted earnings per share (“EPS”) of $1.04 on total revenues of $3.66 billion for the fourth quarter of fiscal year 2026.”
  • GAAP net income, Q4 FY2026: “KLA reported GAAP net income of $1.36 billion and GAAP diluted earnings per share (“EPS”) of $1.04 on total revenues of $3.66 billion for the fourth quarter of fiscal year 2026.”
  • GAAP diluted EPS, Q4 FY2026: “KLA reported GAAP net income of $1.36 billion and GAAP diluted earnings per share (“EPS”) of $1.04 on total revenues of $3.66 billion for the fourth quarter of fiscal year 2026.”
  • Non-GAAP diluted EPS, Q4 FY2026: “GAAP diluted EPS was $1.04, at the upper end of the guidance range, and non-GAAP diluted EPS was $1.05, at the upper end of the guidance range;”
  • Operating cash flow, Q4 FY2026: “Cash flow from operating activities for the quarter and fiscal year was $906.4 million and $4.14 billion, respectively, and free cash flow was $817.1 million and $3.77 billion, respectively;”
  • Free cash flow, Q4 FY2026: “Cash flow from operating activities for the quarter and fiscal year was $906.4 million and $4.14 billion, respectively, and free cash flow was $817.1 million and $3.77 billion, respectively;”
  • Capital returns, Q4 FY2026: “Capital returns for the quarter and fiscal year were $876.3 million and $3.35 billion, respectively; and”
  • Total revenues, fiscal 2026: “For the fiscal year ended June 30, 2026, KLA reported GAAP net income of $4.83 billion and GAAP diluted EPS of $3.66 on total revenues of $13.58 billion.”
  • Semiconductor Process Control: “Semiconductor Process Control | $3,256,781 | $2,877,647 | $12,244,733 | $10,947,359 Specialty Semiconductor Process | 159,704 | 141,866 | 584,064 | 587,107”
  • Specialty Semiconductor Process: “Specialty Semiconductor Process | 159,704 | 141,866 | 584,064 | 587,107 PCB and Component Inspection | 241,110 | 154,106 | 750,415 | 621,721”
  • PCB and Component Inspection: “Specialty Semiconductor Process | 159,704 | 141,866 | 584,064 | 587,107 PCB and Component Inspection | 241,110 | 154,106 | 750,415 | 621,721”

Copied from the press release ↗ and other documents in the SEC filing ↗. A figure is published only if its sentence is in the filing.

From the filingQ4 FY2026vs year agovs last quarter
Revenue$3.7B+15.2%+7.1%
Net income$1.4B+13.3%+13.5%
Free cash flow$817.1M−23.2%+31.3%

Calculated by code from XBRL, not by the model.

Outlook

MetricPeriodOutlook
Total revenuesfirst quarter of fiscal 2027$4.0 billion +/- $200 million
GAAP gross marginfirst quarter of fiscal 202761.6% +/- 1.0%
Non-GAAP gross marginfirst quarter of fiscal 202762.5% +/- 1.0%
GAAP diluted EPSfirst quarter of fiscal 2027$1.14 +/- $0.10
Non-GAAP diluted EPSfirst quarter of fiscal 2027$1.16 +/- $0.10

Key takeaways

  1. Revenue grew sequentially and year over year

    Total revenues were $3,658 million, versus $3,415 million in Q3 FY 2026 and $3,175 million in Q4 FY 2025.

  2. EPS landed at the top of guidance

    GAAP diluted EPS was $1.04 and non-GAAP diluted EPS was $1.05, both at the upper end of the guidance range.

  3. Management guides a stronger September quarter

    First-quarter fiscal 2027 revenue is guided to $4.0 billion +/- $200 million, with non-GAAP diluted EPS of $1.16 +/- $0.10.

  4. Cash generation stayed strong despite working capital

    Free cash flow was $817.1 million for the quarter and $3.77 billion for the fiscal year, while capital returns reached $3.35 billion for the year.

  5. PCB inspection and process control drove segment growth

    Semiconductor Process Control revenue was $3,256,781 thousand and PCB and Component Inspection was $241,110 thousand, against $154,106 thousand a year earlier.

Charts

Revenue$3.7B+15.2% y/yQ4 FY26
Q2 FY25: $3.1BQ2 25$3.1BQ3 FY25: $3.1BQ3 25$3.1BQ4 FY25: $3.2B (worked out from the annual figure)Q4 25$3.2BQ1 FY26: $3.2BQ1 26$3.2BQ2 FY26: $3.3BQ2 26$3.3BQ3 FY26: $3.4BQ3 26$3.4BQ4 FY26: $3.7B (worked out from the annual figure)Q4 26$3.7BQ1 FY27: $4.1BQ1 27$4.1B

Fourth quarter worked out from the annual figure.

Data
Q2 FY25$3.1B
Q3 FY25$3.1B
Q4 FY25$3.2B *
Q1 FY26$3.2B
Q2 FY26$3.3B
Q3 FY26$3.4B
Q4 FY26$3.7B *
Q1 FY27$4.1B
Diluted EPS (GAAP)$1.18+38.8% y/yQ1 FY27
Q2 FY25: $6.16Q2 25$6.16Q3 FY25: $8.16Q3 25$8.16Q1 FY26: $0.85Q1 26$0.85Q2 FY26: $8.68Q2 26$8.68Q3 FY26: $9.12Q3 26$9.12Q1 FY27: $1.18Q1 27$1.18
Data
Q2 FY25$6.16
Q3 FY25$8.16
Q1 FY26$0.85
Q2 FY26$8.68
Q3 FY26$9.12
Q1 FY27$1.18

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Free cash flow$817.1M−23.2% y/yQ4 FY26
Q2 FY25: $757.2MQ2 25$757.2MQ3 FY25: $990.0MQ3 25$990.0MQ4 FY25: $1.1BQ4 25$1.1BQ1 FY26: $1.1BQ1 26$1.1BQ2 FY26: $1.3BQ2 26$1.3BQ3 FY26: $622.3MQ3 26$622.3MQ4 FY26: $817.1MQ4 26$817.1MQ1 FY27: $1.3BQ1 27$1.3B
Data
Q2 FY25$757.2M
Q3 FY25$990.0M
Q4 FY25$1.1B
Q1 FY26$1.1B
Q2 FY26$1.3B
Q3 FY26$622.3M
Q4 FY26$817.1M
Q1 FY27$1.3B

Operating cash flow minus capital expenditure, from cash flow statements.

Questions

What were KLA's fourth-quarter fiscal 2026 results?

KLA reported total revenues of $3.66 billion, GAAP net income of $1.36 billion and GAAP diluted EPS of $1.04. Non-GAAP diluted EPS was $1.05.

What is KLA's guidance for the September 2026 quarter?

KLA expects revenue of $4.0 billion +/- $200 million and non-GAAP diluted EPS of $1.16 +/- $0.10. Non-GAAP gross margin is guided to 62.5% +/- 1.0%.

How much cash did KLA generate and return?

Operating cash flow was $906.4 million and free cash flow was $817.1 million in the quarter. Capital returns were $876.3 million for the quarter and $3.35 billion for the fiscal year.

What happened with KLA's stock split?

On June 11, 2026, after the market close, KLA effected a ten-for-one stock split. Share and per share figures in the release have been retroactively adjusted.

What does KLA's CEO say about demand?

Rick Wallace says momentum is accelerating in the second half of calendar 2026 and continuing through 2027. He attributes this to AI infrastructure expansion in foundry/logic, memory and advanced packaging.

Documents

SEC filing