KLA Corporation (NASDAQ:KLAC) released its first-quarter fiscal year 2027 earnings on October 28, 2026, reporting total revenues of $4,136 million and GAAP net income of $1,549 million for the quarter ended September 30, 2026.

Key Highlights

  • Total revenues of $4,136 million exceeded the midpoint of the guidance range of $4.0 billion, plus or minus $200 million.
  • GAAP diluted EPS of $1.18 and non-GAAP diluted EPS of $1.22 both came in above the midpoints of their respective guidance ranges, with all per-share figures retroactively adjusted for a ten-for-one stock split effective June 11, 2026.
  • GAAP net income was $1,549 million for Q1 FY2027, compared with $1,363 million in Q4 FY2026 and $1,121 million in Q1 FY2026.
  • Operating cash flow was $1.53 billion for the quarter and $4.51 billion for the last twelve months, with free cash flow of $1.34 billion and $4.04 billion, respectively.
  • Capital returns totaled $1.24 billion for the quarter and $3.79 billion for the last twelve months.
  • Q2 FY2027 revenue guidance is set at $4.7 billion, plus or minus $200 million, with GAAP diluted EPS guidance of $1.41, plus or minus $0.11.

KLA Corporation Reports Q1 FY2027 Financial Results

According to the filing, KLA Corporation reported first-quarter fiscal year 2027 results for the period ended September 30, 2026. Total revenues of $4,136 million were above the midpoint of guidance. GAAP net income reached $1,549 million, up from $1,363 million in the prior quarter and $1,121 million in the same quarter a year earlier. Non-GAAP net income for the quarter was $1,603 million, compared with $1,386 million in Q4 FY2026 and $1,167 million in Q1 FY2026.

The company disclosed that all per-share amounts have been retroactively adjusted to reflect the ten-for-one stock split that became effective June 11, 2026. GAAP net income per diluted share was $1.18 for Q1 FY2027, versus $1.04 in Q4 FY2026 and $0.85 in Q1 FY2026. Non-GAAP net income per diluted share was $1.22, compared with $1.05 and $0.88 in those same prior periods, respectively.

For the second quarter of fiscal 2027, ending in December, the company disclosed guidance for total revenues in a range of $4.7 billion, plus or minus $200 million. GAAP gross margin is expected to be in a range of 61.8%, plus or minus 1.0%, and non-GAAP gross margin in a range of 62.5%, plus or minus 1.0%. Non-GAAP diluted EPS guidance is set at $1.44, plus or minus $0.11. The filing noted that these forward-looking statements are the company's own and are subject to its cautionary language under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, with actual results potentially differing materially due to a range of risks described in the filing.

What Was Disclosed

KLA Corporation filed its first-quarter fiscal year 2027 earnings release on October 28, 2026, covering the period ended September 30, 2026. The filing reported revenues, GAAP and non-GAAP earnings, cash flow, capital returns, and guidance for Q2 FY2027, with all per-share figures adjusted for a June 2026 stock split.