Filing Flows › KLA (KLAC) › Q1 FY26
KLA (KLAC) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Oct 31, 2025
KLA (KLAC) reported revenue of $3.2B for the first quarter fiscal 2026 (Q1 FY26), +13% from a year earlier and +1% from the quarter before. Operating margin was 40.8%, net earnings $1.1B (34.9% of revenue).
KLA, Q1 FY26: revenue $3.2B (+13% year over year), operating margin 40.8%, net earnings $1.1B, operating cash flow $1.2B. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.2B | +1% | +13% |
| Operating profit | $1.3B | -1% | +21% |
| Net earnings | $1.1B | -7% | +19% |
| Operating cash flow | $1.2B | -0.3% | +17% |
| Free cash flow | $1.1B | — | +14% |
What changed
Revenue was $3.2B in Q1 FY26, up 13% year over year and up 1% from the previous quarter. Wafer Inspection was the largest line at 48% of revenue. Wafer Inspection added $0.17B year over year (up 12%), 46% of the total change. Other declined 35%.
Operating profit was $1.3B, a 40.8% margin (up 2.8 points year over year). Of the extra revenue versus a year earlier, 63% reached operating profit, above the 38% margin then. Total costs grew 8% against revenue growth of 13%. The fastest-growing cost line was Research & development (+12%). Net earnings were $1.1B, up 19% year over year. The effective tax rate was 14.4%.
Operating cash flow was $1.2B (up 17% year over year), 104% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.07B of share-based compensation. Working capital and other items used $0.13B. After capital expenditures ($0.10B), free cash flow as the company reports it was $1.1B.
Questions
What was KLA's revenue in the first quarter fiscal 2026?
KLA (KLAC) reported revenue of $3.2B for the first quarter fiscal 2026 (Q1 FY26), +13% from a year earlier and +1% from the quarter before.
Was KLA profitable in the first quarter fiscal 2026?
Operating profit was $1.3B (40.8% of revenue) and net earnings $1.1B.
Source: KLA 10-Q on SEC EDGAR.