KLA CORPORATION REPORTS FISCAL 2026 FOURTH QUARTER AND FULL YEAR RESULTS

• For the quarter, whole revenues had been $3.66 billion, above the midpoint of the steerage vary;

• GAAP diluted EPS was $1.04, on the higher finish of the steerage vary, and non-GAAP diluted EPS was $1.05, on the higher finish of the steerage vary;

• Cash circulation from working actions for the quarter and financial 12 months was $906.4 million and $4.14 billion, respectively, and free money circulation was $817.1 million and $3.77 billion, respectively;

• Capital returns for the quarter and financial 12 months had been $876.3 million and $3.35 billion, respectively; and

• On June 11, 2026, after the market shut, the corporate effected a ten-for-one inventory cut up of its widespread inventory and a proportional enhance within the variety of approved shares of widespread inventory. Share and per share data all through this press launch have been retroactively adjusted to replicate the inventory cut up.

MILPITAS, Calif., July 28, 2026 /PRNewswire/ — KLA Corporation (NASDAQ: KLAC) right this moment introduced monetary and working outcomes for its fourth quarter and financial 12 months ended June 30, 2026. KLA reported GAAP internet revenue of $1.36 billion and GAAP diluted earnings per share (“EPS”) of $1.04 on whole revenues of $3.66 billion for the fourth quarter of fiscal 12 months 2026. For the fiscal 12 months ended June 30, 2026, KLA reported GAAP internet revenue of $4.83 billion and GAAP diluted EPS of $3.66 on whole revenues of $13.58 billion.

“KLA’s June quarter results reinforce that the trends driving our growth are strengthening, and we see momentum across our business accelerating in the second half of calendar 2026 and continuing through 2027,” mentioned Rick Wallace, president and CEO of KLA Corporation. “KLA remains uniquely positioned on the critical path of AI infrastructure expansion, where the increasing number and sophistication of leading-edge designs across foundry/logic and the rising complexity and performance specifications in memory are driving greater demand for process control. In addition, the AI infrastructure buildout is also driving new growth opportunities in advanced packaging where KLA’s market-leading process control product portfolio is well positioned.”

A reconciliation between GAAP working outcomes and non-GAAP working outcomes is supplied following the monetary statements included on this launch. KLA will talk about the outcomes for its fiscal 12 months 2026 fourth quarter and full 12 months, together with its outlook, on a convention name right this moment starting at 2:00 p.m. Pacific Time. A webcast of the decision will probably be out there at: ir.kla.com.

First Quarter Fiscal 2027 Guidance

The following particulars our steerage for the primary quarter of fiscal 2027 ending in September:

• Total revenues are anticipated to be in a variety of $4.0 billion +/- $200 million

• GAAP gross margin is anticipated to be in a variety of 61.6% +/- 1.0%

• Non-GAAP gross margin is anticipated to be in a variety of 62.5% +/- 1.0%

• GAAP diluted EPS is anticipated to be in a variety of $1.14 +/- $0.10

• Non-GAAP diluted EPS is anticipated to be in a variety of $1.16 +/- $0.10

For further particulars and assumptions underlying our steerage metrics, please see the corporate’s printed Letter to Shareholders, Earnings Slide Presentation and Earnings Infographic on the KLA investor relations web site (ir.kla.com). Such Letter to Shareholders, Earnings Slide Presentation and Earnings Infographic usually are not included by reference into this earnings launch.

About KLA:

KLA Corporation (“KLA”) develops industry-leading gear and providers that allow innovation all through the electronics {industry}. We present superior course of management and process-enabling options for manufacturing wafers and reticles, built-in circuits, packaging and printed circuit boards. In shut collaboration with main clients throughout the globe, our knowledgeable groups of physicists, engineers, knowledge scientists and problem-solvers design options that transfer the world ahead. Investors and others ought to observe that KLA pronounces materials monetary data together with SEC filings, press releases, public earnings calls and convention webcasts utilizing an investor relations web site (ir.kla.com). Additional data could also be discovered at: www.kla.com.

Note Regarding Forward-Looking Statements:

Statements on this press launch apart from historic information, akin to statements pertaining to the quantity and timing of dividends, the quantity and timing of share repurchases, whole revenues, GAAP and non-GAAP gross margin and GAAP and non-GAAP diluted EPS for the quarter ending September 30, 2026, are forward-looking statements and are topic to the Safe Harbor provisions created by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based mostly on present data and expectations and contain a lot of dangers and uncertainties. Actual outcomes could differ materially from these projected in such statements on account of varied components, together with, however not restricted to: our vulnerability to a weakening within the situation of the monetary markets and the worldwide financial system; dangers associated to our worldwide operations; evolving Bureau of Industry and Security of the U.S. Department of Commerce guidelines and laws and their influence on our skill to promote merchandise to and supply providers to sure clients in China; tariffs, retaliatory commerce measures and different commerce restrictions, in addition to uncertainty concerning tariff authority, implementation and refund course of; pricey mental property disputes that might lead to our incapability to promote or use the challenged expertise; dangers associated to the authorized, regulatory and tax environments wherein we conduct our enterprise; differing stakeholder expectations, necessities and a focus to surroundings, social and governance (“ESG”) issues and the ensuing prices, dangers and influence on our enterprise; sudden delays, difficulties and bills in executing in opposition to our environmental, local weather, or different ESG targets, targets and commitments, or assembly stakeholder expectations; our skill to draw, retain and inspire key personnel; our vulnerability to disruptions and delays at our third-party service suppliers; cybersecurity threats, cyber incidents affecting our and our enterprise companions’ programs and networks; our reliance on important data, together with our enterprise useful resource planning system for day by day operations; dangers associated to acquisitions, integrations, strategic alliances or collaborative preparations; local weather change, pure disasters, public well being crises, terrorism, acts of conflict and different catastrophic occasions and the adversarial influence on our enterprise operations; the conflict between Ukraine and Russia, the armed battle in Iran and elsewhere within the Middle East, and the numerous army exercise in these areas; lack of insurance coverage for losses and interruptions brought on by terrorists and acts of conflict, and our self-insurance of sure dangers together with earthquake threat; dangers associated to fluctuations in international forex change charges; dangers associated to fluctuations in rates of interest and the market values of our portfolio investments; dangers related to our rate of interest hedging actions; dangers associated to tax and regulatory compliance audits; any change in taxation guidelines or practices and our efficient tax fee; compliance prices with federal securities legal guidelines, guidelines, laws, NASDAQ necessities, and evolving accounting requirements and practices; ongoing adjustments within the expertise {industry}, together with synthetic intelligence (“AI”) associated developments and adjustments in semiconductor manufacturing processes, buyer funding patterns and end-market demand; our vulnerability to a extremely concentrated buyer base; the cyclicality of the industries wherein we function; our skill to well timed develop new applied sciences and merchandise that efficiently tackle adjustments within the {industry}; dangers associated to the event, adoption, governance and use of AI by us, our rivals and third events; our skill to keep up our expertise benefit and defend proprietary rights; our skill to compete within the {industry}; the supply and value of parts, supplies or subassemblies used within the manufacturing of our merchandise, together with on account of limited-source suppliers, the supply of uncommon earth components or DRAM chip shortages; our skill to function our enterprise in accordance with our marketing strategy; dangers associated to our debt and leveraged capital construction; we could not be capable of declare money dividends in any respect or in any explicit quantity; legal responsibility to our clients below indemnification provisions if our merchandise fail to function correctly or comprise defects or our clients are sued by third events on account of our merchandise; dangers related to our receipt of presidency funding; we could incur important restructuring prices or different asset impairment prices or stock write offs; we’re topic to dangers associated to receivables factoring, banking preparations and compliance threat of sure settlement agreements with the federal government; and dangers associated to the Court of Chancery of the State of Delaware being the only and unique discussion board for sure actions and proceedings. For different components which will trigger precise outcomes to vary materially from these projected and anticipated in forward-looking statements on this press launch, please seek advice from KLA’s Annual Report on Form 10-Ok for the 12 months ended June 30, 2025, and different subsequent filings with the Securities and Exchange Commission (together with, however not restricted to, the chance components described therein). KLA assumes no obligation to, and doesn’t at the moment intend to, replace these forward-looking statements. 

KLA Corporation
Segment Information (Unaudited)

The following is a abstract of outcomes for every of our three reportable segments and reconciliations to whole revenues for the indicated intervals:

The non-GAAP and supplemental data supplied on this press launch is a complement to, and never an alternative choice to, KLA’s monetary outcomes introduced in accordance with United States GAAP.

To complement our Condensed Consolidated Financial Statements introduced in accordance with GAAP, we offer sure non-GAAP monetary data, which is adjusted from outcomes based mostly on GAAP to exclude sure features, prices and bills, in addition to different supplemental data. The non-GAAP and supplemental data is supplied to boost the consumer’s total understanding of our working efficiency and our prospects sooner or later. Specifically, we imagine that the non-GAAP data, together with non-GAAP internet revenue, non-GAAP internet revenue per diluted share, non-GAAP gross margin and free money circulation, offers helpful measures to each administration and buyers concerning monetary and enterprise traits regarding our monetary efficiency by excluding sure prices and bills that we imagine usually are not indicative of our core working outcomes to assist buyers examine our working performances with our ends in prior intervals in addition to with the efficiency of different firms. The non-GAAP data is among the many budgeting and planning instruments that administration makes use of for future forecasting. However, as a result of there aren’t any standardized or typically accepted definitions for many non-GAAP monetary metrics, definitions of non-GAAP monetary metrics are inherently topic to important discretion (for instance, figuring out which prices and bills to exclude when calculating such a metric). As a end result, non-GAAP monetary metrics could also be outlined very in a different way from firm to firm, and even from interval to interval inside the similar firm, which might doubtlessly restrict the usefulness of such data to an investor. The presentation of non-GAAP and supplemental data will not be meant to be thought-about in isolation or as an alternative choice to outcomes ready and introduced in accordance with United States GAAP. The following are descriptions of the changes made to reconcile GAAP internet revenue to non-GAAP internet revenue:

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