KLA Corporation Q1 Fiscal 2026 Earnings Release

KLA Corporation announced its financial results for the first quarter of fiscal year 2026, reporting total revenues of $3.21 billion, which exceeded the midpoint of the guidance range. The company achieved GAAP diluted EPS of $8.47 and non-GAAP diluted EPS of $8.81, both above the midpoints of their respective guidance ranges. Cash flow from operating activities for the quarter was $1.16 billion, and free cash flow was $1.07 billion. Capital returns for the quarter amounted to $799.1 million. The company highlighted its strong performance in the AI infrastructure buildout, which is expected to positively impact various industries. KLA also provided guidance for the second quarter of fiscal 2026, expecting total revenues in the range of $3.225 billion +/- $150 million and GAAP diluted EPS in the range of $8.46 +/- $0.78.