KLA CORP files 8-K: results of operations
Item 2.02 Results of Operations and Financial Condition.
KLA Corporation Reports Fiscal 2026 Third Quarter Results
• Total revenues were $3.415 billion, above the midpoint of the guidance range of $3.35 billion +/- $150 million;
• GAAP diluted EPS was $9.12 and non-GAAP diluted EPS was $9.40, both above the midpoints of the respective guidance ranges;
• Cash flow from operating activities for the quarter and last twelve months were $707.5 million and $4.40 billion, respectively, and free cash flow was $622.3 million and $4.01 billion, respectively;
• Capital returns for the quarter and last twelve months were $874.8 million and $3.15 billion, respectively; and
• The Board of Directors approved an increase to the quarterly dividend level to $2.30 per share beginning with the dividend expected to be declared in May 2026 and an additional $7 billion for repurchases of our common stock.
MILPITAS, Calif., April 29, 2026 - KLA Corporation (NASDAQ: KLAC) today announced financial and operating results for its third quarter of fiscal year 2026, which ended on March 31, 2026, and reported GAAP net income of $1.20 billion and GAAP net income per diluted share of $9.12 on revenues of $3.415 billion.
“KLA delivered strong March quarter results exceeding the midpoint of our guidance ranges on both revenue and earnings per share. Our business momentum remains robust, and we are highly confident in our outlook for calendar year 2026,” said Rick Wallace, president and CEO of KLA Corporation. “At our recent Investor Day, we highlighted KLA’s critical role as a key enabler of the AI ecosystem and our continued benefits from the global AI infrastructure buildout across all major growth vectors, including foundry/logic, memory, advanced packaging, and services. KLA’s market leadership was further reinforced by recently published third-party industry reports showing continued market share momentum in process control. Our recent capital return actions, including the 17th consecutive annual dividend increase and an additional $7 billion stock repurchase authorization, underscore our confidence in KLA’s durable value creation and the 2030 target model we have outlined.”
A reconciliation between GAAP operating results and non-GAAP operating results is provided following the financial statements included in this release. KLA will discuss the results for its fiscal year 2026 third quarter, along with its outlook, on a conference call today beginning at 2:00 p.m. Pacific Time. A webcast of the call will be available at: ir.kla.com .
Fourth Quarter Fiscal 2026 Guidance
The following details our guidance for the fourth quarter of fiscal 2026 ending in June:
• Total revenues are expected to be in a range of $3.575 billion +/- $200 million
• GAAP gross margin is expected to be in a range of 60.72% +/- 1.00%
• Non-GAAP gross margin is expected to be in a range of 61.75% +/- 1.00%
• GAAP diluted EPS is expected to be in a range of $9.66 +/- $1.00
• Non-GAAP diluted EPS is expected to be in a range of $9.87 +/- $1.00
For additional details and assumptions underlying our guidance metrics, please see the company’s published Letter to Shareholders, Earnings Slide Presentation and Earnings Infographic on the KLA investor relations website (ir.kla.com) . Such Letter to Shareholders, Earnings Slide Presentation and Earnings Infographic are not incorporated by reference into this earnings release.