# KLA (KLAC) Q4 FY2026 earnings

Results filed 2026-07-28 for the quarter ended 2026-06-30. Source page: https://earnings.opennash.com/companies/klac/2026-q4/
Press release and exhibits: https://www.sec.gov/Archives/edgar/data/319201/000031920126000024/0000319201-26-000024-index.htm
> 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

| Metric | Value | Change | Basis |
| --- | --- | --- | --- |
| Total revenues, Q4 FY2026 | $3.66 billion | from $3,175 million in Q4 FY 2025 |  |
| GAAP net income, Q4 FY2026 | $1.36 billion | from $1,203 million in Q4 FY 2025 | GAAP |
| GAAP diluted EPS, Q4 FY2026 | $1.04 | from $0.91 in Q4 FY 2025 | GAAP |
| Non-GAAP diluted EPS, Q4 FY2026 | $1.05 | from $0.94 in Q4 FY 2025 | non-GAAP |
| Operating cash flow, Q4 FY2026 | $906.4 million |  | GAAP |
| Free cash flow, Q4 FY2026 | $817.1 million |  | non-GAAP |
| Capital returns, Q4 FY2026 | $876.3 million |  |  |
| Total revenues, fiscal 2026 | $13.58 billion |  |  |

## Segments and operating metrics

| Name | Value | Change |
| --- | --- | --- |
| Semiconductor Process Control | $3,256,781 | from $2,877,647 in the year-ago quarter |
| Specialty Semiconductor Process | 159,704 | from 141,866 in the year-ago quarter |
| PCB and Component Inspection | 241,110 | from 154,106 in the year-ago quarter |

## Outlook

| Metric | Period | Outlook |
| --- | --- | --- |
| Total revenues | first quarter of fiscal 2027 | $4.0 billion +/- $200 million |
| GAAP gross margin | first quarter of fiscal 2027 | 61.6% +/- 1.0% |
| Non-GAAP gross margin | first quarter of fiscal 2027 | 62.5% +/- 1.0% |
| GAAP diluted EPS | first quarter of fiscal 2027 | $1.14 +/- $0.10 |
| Non-GAAP diluted EPS | first 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.

## 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.