KLA CORP (NASDAQ:KLAC) Reports Mixed Q1 FY2026 Results with EPS Beat and Revenue Slight Miss

KLA CORP (NASDAQ:KLAC) has released its financial results for the first quarter of fiscal year 2026, concluding on September 30, 2025. The semiconductor equipment manufacturer reported revenues of $3.21 billion and a non-GAAP earnings per share of $8.81. These figures arrive as investors scrutinize the company's performance against expectations and assess the stock's immediate market reaction.

Earnings and Revenue Performance Versus Estimates

The company's latest quarterly results presented a mixed picture relative to analyst forecasts. While the bottom-line figure showed strength, the top-line revenue came in slightly below expectations.

• Non-GAAP EPS: Reported $8.81, compared to an analyst estimate of $8.78.
• Revenue: Reported $3.21 billion, compared to an analyst estimate of $3.23 billion.

The earnings per share figure represents a modest beat, suggesting effective cost management or other operational efficiencies that allowed profitability to meet and slightly exceed expectations. The revenue, however, fell short of the consensus estimate by approximately $20 million. In a highly competitive and cyclical industry like semiconductor capital equipment, even small deviations from revenue forecasts can influence investor sentiment.

Market Reaction and Price Action

The market's initial response to the earnings report was negative. In after-hours trading following the announcement, the stock declined by approximately 1.56%. This price action indicates that investors may be focusing more heavily on the revenue miss than the earnings beat. The short-term performance leading into the report had been positive, with the stock gaining 5.1% over the past week and 11.8% over the past month, which could have set the stage for profit-taking following the mixed results.

Summary of Press Release Highlights

The company's press release announced robust profitability for the quarter. It highlighted a GAAP net income of $1.12 billion and GAAP net income per diluted share of $8.47 on the $3.21 billion in revenue. Management noted that the revenue figure came in above the midpoint of their own provided guidance range of $3.15 billion, plus or minus $150 million. This indicates that while the result slightly missed the more precise Wall Street consensus, it was consistent with the company's internal projections.

Forward Outlook and Analyst Estimates

The press release did not provide a specific financial outlook for the upcoming quarter or the full 2026 fiscal year. Without this forward guidance from management, investors are left to rely solely on existing analyst projections to gauge the company's trajectory. These estimates provide a benchmark for future performance.

• Q2 2026 Analyst Estimates:
  • Revenue: $3.24 billion
  • EPS: $8.69
• Full-Year 2026 Analyst Estimates:
  • Revenue: $13.20 billion
  • EPS: $36.20

The absence of company-provided guidance in the release is a neutral factor and does not inherently explain the negative market reaction. The focus remains on the Q1 revenue shortfall against expectations.

For a detailed breakdown of historical earnings, future estimates, and analyst ratings, you can review the data on the KLAC earnings and estimates page.

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Disclaimer: This article is for informational purposes only and does not constitute financial advice, a recommendation to buy or sell any security, or an offer to provide investment advisory services. All data and estimates are subject to change. Investors should conduct their own research and consult with a qualified financial professional before making any investment decisions.