$KLAC · KLA CORP
KLA Corporation reported Q1 FY2027 results with revenue of $4.136B, GAAP diluted EPS of $1.18, and non-GAAP diluted EPS of $1.22 — all above the midpoint of guidance. Revenue grew 28.9% YoY from $3.21B, while net income rose to $1.549B GAAP ($1.603B non-GAAP). The company issued Q2 FY2027 guidance of $4.7B +/- $200M in revenue and non-GAAP EPS of $1.44 +/- $0.11, both representing significant sequential acceleration.
- Revenue of $4.136B beat the guidance midpoint of $4.0B and grew 28.9% YoY from $3.21B.
- GAAP diluted EPS of $1.18 and non-GAAP diluted EPS of $1.22 both exceeded guidance midpoints.
- Q2 FY2027 revenue guidance set at $4.7B +/- $200M, implying ~14% sequential growth at midpoint.
- Operating cash flow was $1.53B for the quarter; free cash flow was $1.34B.
- Capital returns totaled $1.24B in Q1, including $936M in share repurchases and $305M in dividends.
Extended-hours trading shows KLAC at $160.69, up 1.21% vs the regular close of $158.77, reflecting positive reception to the beat-and-raise quarter. The $207B market-cap giant's Q2 guidance of $4.7B at midpoint handily exceeds the $4.14B just reported.
KLA delivered a decisive beat-and-raise quarter with Q2 revenue guidance implying ~14% sequential growth, confirming the AI-driven process control upcycle is accelerating rather than plateauing.
KLA's beat-and-raise print reinforces the AI-driven semiconductor capex cycle, with process control demand accelerating across foundry, logic, memory, and advanced packaging — a positive read-through for peers AMAT, LRCX, and ASML.
Forward-looking statements flag risks including evolving BIS export rules impacting China sales, tariff and trade restriction uncertainty, and customer concentration in a cyclical semiconductor industry.