Loading...
•
Dec 31, 2025
KLA Q2 2026 Earnings Report
KLA reported strong results in Q2 2026 with record revenue, operating income, and free cash flow.
Key Takeaways
KLA delivered a record quarter driven by strong execution and demand in AI-related infrastructure, surpassing expectations in revenue and EPS.
Total revenue reached $3.3 billion, setting a new quarterly record.
GAAP EPS was $8.68, with non-GAAP EPS at $8.85, both above guidance midpoints.
Net income rose to $1.146 billion from $825 million a year ago.
Free cash flow hit $1.26 billion, supporting nearly $800 million in capital returns.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
KLA expects continued strength in Q3 FY26, guided by growing AI infrastructure demand across foundry, memory, and packaging markets.
Positive Outlook
- Revenue guidance midpoint at $3.35 billion exceeds Q2 results.
- GAAP gross margin projected around 60.62%.
- Non-GAAP gross margin projected around 61.75%.
- GAAP EPS guidance midpoint is $8.85.
- Non-GAAP EPS guidance midpoint is $9.08.
Challenges Ahead
- Revenue guidance range includes potential downside of $150 million.
- GAAP EPS range spans a wide $1.56, indicating earnings uncertainty.
- Expectations for ongoing acquisition-related charges.
- Possible foreign exchange impact not detailed.
- No specific geographic breakdown in forward guidance.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...