KLA FY27 Q1: revenue $4.14 billion, up 28.9%, guides Q2 to $4.7 billion
KLA beat its own revenue guidance, grew revenue 28.9% year over year, and then guided the December quarter to $4.7 billion. That is the story: AI-driven process-control demand is outrunning the company's own forecasts. Read the scorecard for the quarter just closed, the guidance section for what management now expects, and the balance sheet for whether cash is keeping up. The view is Bullish.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $1.18 and non-GAAP was $1.22, against a single consensus figure of $1.2011 — about $0.02 light on a GAAP basis and $0.02 ahead on a non-GAAP basis. The spread between the two is mostly $43.0 million of acquisition-related charges. Net income of $1.55 billion was 38.1% above last year's $1.12 billion.
Revenue was $4.14 billion, up 28.9% from $3.21 billion a year earlier and 13.1% above last quarter's $3.66 billion. The $4.0 billion guidance midpoint (+/- $200 million) was cleared with room to spare. Product revenue of $3.29 billion did most of the work, with service adding $0.85 billion.
Management guided the December quarter to $4.7 billion +/- $200 million, which is 13.6% above the $4.14 billion just delivered. GAAP gross margin is guided to 61.8% +/- 1.0%, a touch below the 61.9% just reported, with GAAP EPS of $1.41 +/- $0.11 ($1.44 +/- $0.11 non-GAAP). In short, more revenue is being promised without a margin step-up.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-03
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