Filing Flows › KLA (KLAC) › Q2 FY26
KLA (KLAC) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Jan 30, 2026
KLA (KLAC) reported revenue of $3.3B for the second quarter fiscal 2026 (Q2 FY26), +7% from a year earlier and +3% from the quarter before. Operating margin was 40.3%, net earnings $1.1B (34.7% of revenue).
KLA, Q2 FY26: revenue $3.3B (+7% year over year), operating margin 40.3%, net earnings $1.1B, operating cash flow $1.4B. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.3B | +3% | +7% |
| Operating profit | $1.3B | +2% | +37% |
| Net earnings | $1.1B | +2% | +39% |
| Operating cash flow | $1.4B | +18% | +61% |
| Free cash flow | $1.3B | — | +67% |
What changed
Revenue was $3.3B in Q2 FY26, up 7% year over year and up 3% from the previous quarter. Wafer Inspection was the largest line at 48% of revenue. Patterning added $0.17B year over year (up 31%), 75% of the total change. Other declined 50%.
Operating profit was $1.3B, a 40.3% margin (up 8.7 points year over year). Of the extra revenue versus a year earlier, 162% reached operating profit, above the 32% margin then. Total costs fell 7% while revenue rose 7%. The fastest-growing cost line was Research & development (+11%). Net earnings were $1.1B, up 39% year over year. The effective tax rate was 13.9%.
Operating cash flow was $1.4B (up 61% year over year), 119% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.07B of share-based compensation. After capital expenditures ($0.11B), free cash flow as the company reports it was $1.3B.
Questions
What was KLA's revenue in the second quarter fiscal 2026?
KLA (KLAC) reported revenue of $3.3B for the second quarter fiscal 2026 (Q2 FY26), +7% from a year earlier and +3% from the quarter before.
Was KLA profitable in the second quarter fiscal 2026?
Operating profit was $1.3B (40.3% of revenue) and net earnings $1.1B.
Source: KLA 10-Q on SEC EDGAR.