KLAC · 10-Q · 2026Q3

KLA CORP

Filed 2026-10-29 · Industrials · View original filing on EDGAR

Ranked Events

• Capital Return ProgramImportance 75 · Surprise 64
  KLA repurchased $935.8 million of shares in Q1 FY27, compared with $545.1 million in Q1 FY26, and had $8.81 billion of repurchase authority remaining at September 30, 2026. The authorization includes a $7.00 billion…
• Operating Cash Flow TrendsImportance 64 · Surprise 56
  Net cash provided by operating activities was $1.531 billion in the three months ended September 30, 2026, compared with $1.162 billion in the prior-year period. The increase primarily reflected approximately $940…
• Geographic Revenue ConcentrationImportance 64 · Surprise 56
  China generated $1.426 billion, or 34.5% of Q1 FY27 revenue, up 49% sequentially and 13% year over year, primarily from mature-node foundry/logic demand. Taiwan contributed $1.023 billion, or 24.7%, while North America…
• Segment Revenue PerformanceImportance 59 · Surprise 48
  Semiconductor Process Control revenue was $3.754 billion in Q1 FY27, up 15% sequentially and 29% year over year, reflecting demand in memory, foundry/logic, and advanced packaging. Specialty Semiconductor Process…
• Revenue Performance and MixImportance 59 · Surprise 48
  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…
• Income Tax Rate ChangesImportance 45 · Surprise 50
  Q1 FY27 effective tax rate was 15.1%, compared with 12.0% in Q4 FY26 and 14.4% in Q1 FY26. The sequential increase reflected lower tax benefits from stock-based compensation and the OECD Pillar Two Undertaxed Profits…
• Services Revenue and Installed BaseImportance 44 · Surprise 24
  KLA’s services business accounted for approximately 20% of total revenue in the first quarter of fiscal 2027 and has grown consistently year over year. Services are generated largely through recurring,…
• Liquidity and Debt PositionImportance 42 · Surprise 14
  At September 30, 2026, cash, cash equivalents, and marketable securities totaled $4.741 billion, down from $4.902 billion at June 30, 2026; $785.7 million was held by foreign subsidiaries and branch offices. Senior…
• Geographic Market CommentaryImportance 38 · Surprise 24
  China revenue rose sequentially, primarily on increased demand from foundry/logic customers at mature technology nodes, and also increased year over year. Taiwan revenue fell sequentially because of the timing of…
• Guidance / OutlookImportance 34 · Surprise 42
  Management expects continued revenue growth as KLA expands manufacturing capacity and increases production levels to meet customer demand. The outlook follows management’s statement that geopolitical factors, including…
• Supply Chain ConstraintsImportance 26 · Surprise 24
  KLA says it increased purchase commitments in part to secure the supply of key components. The company notes that these commitments may affect the timing and magnitude of costs and working-capital requirements. The…
• AI Infrastructure DemandImportance 26 · Surprise 24
  KLA says high-performance computing and data centers, supported by increasing AI adoption, are contributing to semiconductor-industry growth. Management expects these trends to continue influencing industry investment…
• Operating Expense TrendsImportance 23 · Surprise 22
  Q1 FY27 SG&A expense was $301.5 million, up $32.5 million, or approximately 12%, year over year and up $10.0 million sequentially. The year-over-year increase primarily reflected $24.8 million of higher…
• End-Market Demand TrendsImportance 21 · Surprise 24
  Long-term demand drivers include EUV adoption in high-volume logic and DRAM manufacturing, including high-bandwidth memory, which increases process control requirements and expands KLA’s served market. Increasing…
• Gross Margin DriversImportance 18 · Surprise 14
  Gross margin increased to 61.9% in Q1 FY27 from 61.4% in Q4 FY26 and 61.3% in Q1 FY26. Sequentially, revenue volume added 0.6 percentage points, product and service mix added 0.5 points, and manufacturing labor,…

Revenue by Product (in thousands)

Revenue by Geography (in thousands)