Filing Flows › KLA (KLAC) › Q1 FY27
KLA (KLAC) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Oct 29, 2026
KLA (KLAC) reported revenue of $4.1B for the first quarter fiscal 2027 (Q1 FY27), +29% from a year earlier and +13% from the quarter before. Operating margin was 44.1%, net earnings $1.5B (37.4% of revenue).
KLA, Q1 FY27: revenue $4.1B (+29% year over year), operating margin 44.1%, net earnings $1.5B, operating cash flow $1.5B. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.1B | +13% | +29% |
| Operating profit | $1.8B | +18% | +39% |
| Net earnings | $1.5B | +14% | +38% |
| Operating cash flow | $1.5B | +69% | +32% |
| Free cash flow | $1.3B | — | +25% |
What changed
Revenue was $4.1B in Q1 FY27, up 29% year over year and up 13% from the previous quarter. Wafer Inspection was the largest line at 51% of revenue. Wafer Inspection added $0.57B year over year (up 37%), 62% of the total change. Other declined 28%.
Operating profit was $1.8B, a 44.1% margin (up 3.3 points year over year). Of the extra revenue versus Q1 FY26, 56% reached operating profit, above the 41% margin then. Total costs grew 22% against revenue growth of 29%. The fastest-growing cost line was Other operating costs (+36%). Net earnings were $1.5B, up 38% year over year. The effective tax rate was 15.1%.
Operating cash flow was $1.5B (up 32% year over year), 99% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.08B of share-based compensation. Working capital and other items used $0.20B. After capital expenditures ($0.19B), free cash flow as the company reports it was $1.3B.
Questions
What was KLA's revenue in the first quarter fiscal 2027?
KLA (KLAC) reported revenue of $4.1B for the first quarter fiscal 2027 (Q1 FY27), +29% from a year earlier and +13% from the quarter before.
Was KLA profitable in the first quarter fiscal 2027?
Operating profit was $1.8B (44.1% of revenue) and net earnings $1.5B.
Source: KLA 10-Q on SEC EDGAR.