KLA reported revenue of $4.14 billion for the quarter ended September 2026, up 28.86% year over year and about $97.83 million above market expectations. Non-GAAP earnings per share came to $1.22, beating estimates by $0.04. The results offer a data point on demand for semiconductor manufacturing equipment, while management's comments on the outlook are also closely watched by the industry.
Revenue and earnings top estimates
Quarterly revenue reached $4.14 billion, while non-GAAP EPS was $1.22. Both figures exceeded market expectations. KLA's earnings materials include a reconciliation of GAAP and non-GAAP results; management said on the call that, unless otherwise noted, the discussion and metrics would use non-GAAP measures.
The headline figures show stronger-than-expected revenue and earnings, but the available results summary does not break out revenue by business segment or provide margin and cash-flow figures. Those details would be needed to assess which parts of the business drove growth and how it translated into cash generation.
Executives discuss results and outlook
KLA held a conference call with analysts on October 28. The call was hosted by Kevin Kessel, vice president of investor relations, and featured CEO Richard Wallace and CFO Bren Higgins. Kessel said the discussion would cover the results and outlook released after the market close, with materials available on the company's website. He also clarified that references to full-year figures meant calendar-year data.
Analysts on the call represented Goldman Sachs, JPMorgan, Cantor Fitzgerald, UBS, TD Cowen, Bernstein, Wells Fargo, Deutsche Bank, Wolfe Research, Morgan Stanley, and Rothschild & Co Redburn.
The available call material contains only the opening remarks. It does not include further detail on demand, customer spending, or performance in coming quarters, nor does it provide numerical guidance. No additional conclusions about management's outlook or the analyst Q&A can be drawn from that material.
KLA flags uncertainty around forward-looking statements
Kessel said forward-looking statements made during the call are subject to risks and uncertainties, with relevant risk factors described in KLA's filings with the U.S. Securities and Exchange Commission. The company also said its earnings materials include detailed reconciliations between GAAP and non-GAAP measures.
For investors assessing the quarter, the reported revenue and EPS figures should be distinguished from future expectations: the available call content does not set out numerical guidance or further detail on the outlook.