KLAC · 10-Q · 2026Q3 · Full report

Revenue Performance and Mix

KLA CORP · 2026-10-29 · Importance 59 · Surprise 48 · No source text

Q1 FY27 total revenue was $4.136 billion, up 13% sequentially from $3.658 billion and 29% year over year from $3.210 billion. Product revenue increased to $3.285 billion from $2.837 billion sequentially and $2.465 billion year over year; service revenue rose to $850.5 million from $820.4 million sequentially and $744.7 million year over year. Leading-edge memory, foundry/logic, and advanced-packaging demand, supported by data-center investment and AI and HPC adoption, drove growth; services grew with higher shipments and the installed tool base.

Key facts

• KLA's total revenue increased 29% in the three months ended September 30, 2026 compared with the three months ended September 30, 2025, primarily because of higher leading-edge demand in memory, advanced packaging, and foundry/logic, supported by data-center investment and adoption of AI and HPC semiconductor devices. source
• KLA's total revenue increased 13% in the three months ended September 30, 2026 compared with the three months ended June 30, 2026, primarily because of higher leading-edge demand in memory, foundry/logic, and advanced packaging, supported by data-center investment and adoption of AI and HPC semiconductor devices. source
• KLA's net income was $1.55 billion in the three months ended September 30, 2026. source
• KLA's revenue and net income were higher in the three months ended September 30, 2026 than in the three months ended June 30, 2026 and September 30, 2025, driven by increased sales volume and disciplined cost management. source
• KLA's product revenue is affected by customer capital-equipment procurement schedules and investment plans, new orders, average customer pricing, volume-purchase-agreement revenue deferrals, foreign-exchange fluctuations, trade restrictions, and government incentives for semiconductor capital investments. source

Impact estimates