KLA’s September-quarter revenue rose 28.9% from a year earlier to $4.136 billion, and the semiconductor equipment maker forecast a $4.7 billion midpoint for the quarter ending Dec. 31, 2026.
KLA announced the results Oct. 28 for its fiscal 2027 first quarter, which ended Sept. 30. Revenue was $4.136 billion, compared with $3.210 billion in the same period a year earlier. The company said revenue and both its GAAP and non-GAAP diluted earnings per share exceeded their respective guidance midpoints.
GAAP net income totaled $1.549 billion, with diluted earnings per share of $1.18. Non-GAAP net income was $1.603 billion, and non-GAAP diluted earnings per share were $1.22.
Semiconductor Process Control brought in $3.754 billion. KLA reported another $139.5 million from Specialty Semiconductor Process and $242.2 million from PCB and Component Inspection.
For its fiscal second quarter, KLA projected revenue of $4.7 billion, with a $200 million margin on either side. The company’s guidance also calls for GAAP diluted earnings per share of $1.30 to $1.52 and non-GAAP diluted earnings per share of $1.33 to $1.55.
President and CEO Rick Wallace pointed to AI infrastructure investment and changing chip design and production needs as drivers of demand. He cited advanced packaging, leading-edge foundry and logic designs, and more complex memory requirements.
Operating cash flow was $1.531 billion, while free cash flow reached $1.336 billion. KLA returned $1.241 billion to shareholders during the quarter, including $305.1 million in dividends and $935.8 million in common-stock repurchases.
The company’s guidance covers the three months ending Dec. 31; KLA did not specify a date for its next results announcement.
