Core Insights - KLA Corporation (KLAC) reported first-quarter fiscal 2026 non-GAAP earnings of $8.81 per share, exceeding the Zacks Consensus Estimate by 3.04% and reflecting a year-over-year increase of 20.2% [1][8] - Revenues rose 13% year over year to $3.21 billion, surpassing the Zacks Consensus Estimate by 1.72% [1][8] Segment Performance - Semiconductor Process Control revenues, which account for 90.3% of total revenues, increased 12.6% year over year to $2.89 billion, with Foundry & Logic contributing approximately 74% and Memory 26% [2] - Specialty Semiconductor Process revenues decreased 6.7% year over year to $119.8 million, representing 3.7% of total revenues [2] - PCB and Component Inspection revenues increased 37.3% year over year to $189.5 million, making up 5.9% of total revenues [3] Revenue Breakdown - Product revenues, accounting for 76.8% of total revenues, rose 12.2% year over year to $2.46 billion, while service revenues increased 15.6% year over year to $744.7 million [4] - Wafer Inspection revenues increased 12% year over year to $1.53 billion, while Patterning revenues rose 16% year over year to $668 million [5] Geographic Revenue Distribution - Taiwan and China were the leading contributors to revenue, accounting for 25% and 39% respectively, followed by Korea, Japan, and North America each at 9% [5] Operating Metrics - The non-GAAP gross margin for the first quarter was 62.5%, exceeding the guidance midpoint [6][8] - R&D expenses increased 11.5% year over year to $360.5 million, while SG&A expenses rose 7.1% year over year to $269 million [6][7] Financial Position - As of September 30, 2025, cash, cash equivalents, and marketable securities totaled $4.68 billion, with long-term debt remaining at $5.88 billion [9] - Cash flow from operating activities was $1.16 billion, with free cash flow at $1.07 billion for the quarter [9] Shareholder Returns - KLA repurchased $545 million worth of shares and paid $254 million in dividends during the first quarter [10] Future Guidance - For the second quarter of fiscal 2026, KLA expects revenues of $3.225 billion, with non-GAAP earnings projected at $8.70 per share [11]

Core Insights - KLA Corporation reported strong fourth-quarter fiscal 2025 results with non-GAAP earnings of $9.38 per share, exceeding estimates by 10% and showing a year-over-year increase of 42.1% [1][8] - Revenues for the quarter reached $3.17 billion, a 23.6% increase year over year, surpassing the consensus estimate by 3.21% [1][8] Segment Performance - Semiconductor Process Control revenues, which represent 90.6% of total revenues, increased by 24.7% year over year to $2.88 billion, with Foundry & Logic accounting for approximately 69% and Memory for 31% of this segment [2] - Specialty Semiconductor Process revenues were $142 million, up 17% year over year but down 9% sequentially [3] - PCB and Component Inspection revenues increased by 10.1% year over year to $154.1 million, but also saw a 9% decline sequentially [3] Revenue Breakdown - Product revenues, making up 78% of total revenues, surged 26.5% year over year to $2.47 billion, while service revenues increased by 14.4% year over year to $702.6 million [4] - Wafer Inspection revenues rose 52% year over year to $1.77 billion, while Patterning revenues decreased by 16% year over year to $453 million [5] Geographic Revenue Distribution - Taiwan and China were the largest contributors to revenue, accounting for 27% and 30% respectively, followed by Korea at 15%, Japan at 12%, North America at 9%, Europe at 4%, and the rest of Asia at 3% [5] Operating Metrics - The non-GAAP gross margin for the fourth quarter was 63.2%, slightly above the guidance midpoint [6] - R&D expenses increased by 8.4% year over year to $353 million, while SG&A expenses rose by 3% to $262.7 million [6][7] - The non-GAAP operating margin was reported at 44.2% for the quarter [9] Cash Flow and Balance Sheet - As of June 30, 2025, cash, cash equivalents, and marketable securities totaled $4.49 billion, an increase from $4.03 billion at the end of the previous quarter [10] - Operating cash flow for the quarter was $1.16 billion, with free cash flow at $1.06 billion [10] - The company repurchased $426 million worth of shares during the quarter [11] Future Guidance - For the first quarter of fiscal 2026, KLA expects revenues of approximately $3.15 billion, indicating a year-over-year growth of 7.2% [12] - Non-GAAP earnings are projected at $8.53 per share, suggesting an 11.2% year-over-year growth [12] - The company anticipates advanced packaging-related revenues to exceed $925 million in 2025, up from a previous estimate of $850 million [13]

Core Insights - KLA Corporation reported strong third-quarter fiscal 2025 results, with non-GAAP earnings of $8.41 per share, exceeding estimates by 4.34% and showing a year-over-year increase of 59.9% [1] - Revenues reached $3.06 billion, a 29.8% increase year over year, surpassing estimates by 1.92% [1] Financial Performance - KLA's earnings have consistently beaten the Zacks Consensus Estimate over the past four quarters, with an average surprise of 6.35% [2] - Semiconductor Process Control revenues, which account for 89.4% of total revenues, increased by 30.7% year over year to $2.74 billion, despite a slight sequential decline of 1% [2] - Product revenues, making up 78.2% of total revenues, rose 35.3% year over year to $2.39 billion, while service revenues increased by 13.3% to $669.2 million [4] Segment Analysis - Within Semiconductor Process Control, Foundry and Logic represented approximately 71% of revenues, while Memory constituted about 29%, with DRAM accounting for 76% and NAND for 24% [3] - Specialty Semiconductor Process revenues were $156.5 million, up 19.8% year over year [3] - PCB and Component Inspection revenues increased by 26.4% year over year to $168.6 million [3] Regional Revenue Breakdown - Taiwan and China were the largest contributors to revenue, accounting for 32% and 26%, respectively [5] - Other contributions included Korea (12%), Japan (11%), North America (10%), Europe (6%), and the rest of Asia (3%) [5] Operating Metrics - The non-GAAP gross margin for the third quarter was 63%, exceeding the company's guidance by 50 basis points [6] - Research and development expenses rose by 5.1% year over year to $338 million, while selling, general and administrative expenses increased by 4.8% to $248.9 million [6] Cash Flow and Balance Sheet - As of March 31, 2025, cash, cash equivalents, and marketable securities totaled $4.03 billion, up from $3.78 billion at the end of the previous quarter [9] - Operating cash flow for the quarter was $1.07 billion, an increase from $849.5 million in the prior quarter, with free cash flow at $990 million [9] Future Guidance - For the fourth quarter of fiscal 2025, KLA expects revenues of $3.075 billion, indicating a year-over-year growth of 16.27% [11] - Non-GAAP earnings are projected at $8.53 per share, suggesting a year-over-year growth of 20.15% [11] - The company anticipates a non-GAAP gross margin of 63% and operating expenses of $595 million for the upcoming quarter [12]