KLA Corporation Achieves Record Financial Performance in Q2 Fiscal 2026

KLA Corporation recently announced its second quarter results for fiscal year 2026, highlighting stellar achievements and growth across its operations. The company reported total revenues of $3.30 billion, which surpassed its guidance midpoint of $3.225 billion, showcasing its robust operational strength amidst a dynamic market environment. This result translates to a successful quarter marked by a GAAP diluted earnings per share (EPS) of $8.68 and a non-GAAP diluted EPS of $8.85. These figures exceeded the midpoints of their respective guidance ranges, affirming KLA's effective business strategies and product offerings.

In the announcement, KLA's president and CEO, Rick Wallace, emphasized the significant contributions from its flagship product portfolio, which positions the company strongly in the competitive landscape of process control technology in the semiconductor industry. The demand for monitoring and control solutions in foundry/logic and memory sectors is increasing, and KLA’s innovative solutions are uniquely designed to cater to this growth.

The company also reported impressive cash flow figures, with operating cash flow of $1.37 billion for the quarter and a total of $4.77 billion over the last twelve months. The free cash flow for Q2 stood at $1.26 billion, and the yearly figure totaled $4.38 billion, reflecting effective cost management and enhanced operational efficiency. Furthermore, KLA has returned substantial capital to shareholders, noting capital returns of $797.4 million for the quarter and $3.01 billion for the last twelve months, which includes dividends and share repurchases.

As KLA looks towards the future, the company aims to sustain its momentum in Q3 Fiscal 2026, with projected total revenues anticipated in the range of $3.35 billion plus or minus $150 million. Expectations for GAAP gross margins are forecasted to be around 60.62% and non-GAAP gross margins at 61.75%. The guidance for diluted EPS indicates a projected range of $8.85 ± $0.78 for GAAP EPS and $9.08 ± $0.78 for non-GAAP EPS.

Wallace remarked, "KLA delivered a record quarter and calendar 2025 in revenue generation, reflecting our competitive edge in providing essential technologies for the evolving AI ecosystem and other major growth areas including foundry and logic. Our commitment to innovation and operational excellence continues to benefit us greatly in an ever-evolving industry landscape."

To explore further insights and understand KLA's long-term outlook, investors and stakeholders are encouraged to refer to the detailed financial snapshots provided by the company. KLA Corporation continues to forge ahead in a sector that is pivotal for future technological advancements and solutions.

For additional updates and resources, visit KLA’s Investor Relations.