KLA (KLAC) Q4 FY2026 earnings: revenue $3.7 billion, up 15.2% on the year

KLA Corp. (KLAC) reported revenue of $3.7 billion for Q4 FY2026, the quarter ended 30 June 2026, up 15.2% on the same quarter a year earlier. Net income was $1.4 billion, up 13.3% on the year, and diluted earnings per share $1.04. The figures are the company's own, from the 10-K it filed with the SEC on 6 August 2026.

Revenue

$3.7 billion

+15.2% on the year · +7.1% on the quarter

Q1 FY2025Q4 FY2026

Operating margin

n/a

Q1 FY2025Q4 FY2026

Net income

$1.4 billion

+13.3% on the year · +13.5% on the quarter

Q1 FY2025Q4 FY2026

Diluted EPS

$1.04

+14.8% on the year · +14.0% on the quarter

Q1 FY2025Q4 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 6 new.

Revenue above guidance midpoint: Total revenues were $3,658 million, above the guidance midpoint, against $3,175 million a year earlier and $3,415 million in the March quarter.
EPS at upper end of range: GAAP diluted EPS was $1.04 and non-GAAP diluted EPS $1.05, against $0.91 and $0.94 a year earlier and $0.91 and $0.94 in the March quarter.
Process control led segment growth: Semiconductor Process Control revenue was $3,256.8 million, against $2,877.6 million a year earlier and $3,083.9 million in March; fiscal 2026 revenue was $12,244.7 million.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q4 FY2026	Q3 FY2026	Q4 FY2025	On the quarter	On the year
Revenue	3,658	3,415	3,175	+7.1%	+15.2%
Cost of revenue	1,413	1,328	1,207	+6.4%	+17.0%
Gross profit	2,244	2,087	1,967	+7.5%	+14.1%
Gross margin	61.4%	61.1%	62.0%
Research and development	399	389	353	+2.6%	+13.0%
Selling, general and administrative	291	291	263	+0.1%	+11.0%
Interest expense	73.3	70.4	73.1	+4.0%	+0.2%
Pre-tax income	1,549	1,417	1,329	+9.4%	+16.6%
Income tax	186	216	126	-13.6%	+47.9%
Effective tax rate	12.0%	15.2%	9.5%
Net income	1,363	1,201	1,203	+13.5%	+13.3%
Net margin	37.3%	35.2%	37.9%
Diluted EPS	$1.04	$0.91	$0.91	+14.0%	+14.8%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q4 FY2026	Q3 FY2026	Q4 FY2025	On the quarter	On the year
Operating cash flow	906	707	1,165	+28.1%	-22.2%
Capital expenditure	89.3	85.2	100	+4.8%	-11.1%
Free cash flow	817	622	1,065	+31.3%	-23.2%
Free cash flow margin	22.3%	18.2%	33.5%
Cash from investing	-173	-494	-325
Cash from financing	-877	-879	-630
Depreciation and amortisation	98.6	99.1	96.3	-0.5%	+2.4%
Share-based compensation	82.1	83.9	71.3	-2.2%	+15.2%
Buybacks	571	626	426	-8.8%	+34.1%
Dividends paid	305	249	254	+22.7%	+20.2%
Dividend per share	n/a	$0.19	n/a
Diluted shares, weighted	1,315m	1,318m	1,327m	-0.2%	-0.9%
Shares outstanding at period end	1,307m	1,306m	1,320m	+0.1%	-1.0%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q4 FY2026	Q3 FY2026	Q4 FY2025	On the quarter	On the year
Shareholders' equity	6,350	5,830	4,692	+8.9%	+35.3%
Debt	5,887	5,887	5,884	+0.0%	+0.1%
Operating lease liabilities	211	207	159	+2.0%	+33.1%
Other liabilities	5,503	4,949	5,332	+11.2%	+3.2%
Total liabilities and equity	17,952	16,874	16,068	+6.4%	+11.7%
Fixed assets	1,381	1,364	1,253	+1.2%	+10.2%
Goodwill	1,789	1,788	1,792	+0.0%	-0.2%
Intangible assets	256	301	445	-14.9%	-42.5%
Securities held for sale or to maturity	3,206	3,128	2,392	+2.5%	+34.0%
Cash and equivalents	1,650	1,787	2,079	-7.7%	-20.6%
Receivables	2,889	2,304	2,264	+25.4%	+27.6%
Inventory	3,649	3,437	3,212	+6.2%	+13.6%
Other assets	3,133	2,764	2,631	+13.4%	+19.1%
Total assets	17,952	16,874	16,068	+6.4%	+11.7%

Questions

What was KLA's revenue in Q4 FY2026?

KLA (KLAC) reported revenue of $3.7 billion for Q4 FY2026, the quarter ended 30 June 2026, up 15.2% on the same quarter a year earlier.

How much did KLA earn in Q4 FY2026?

Net income for Q4 FY2026 was $1.4 billion, up 13.3% on the year, and diluted earnings per share $1.04.

When did KLA report Q4 FY2026 results?

KLA filed its 10-K for the year that ended with the quarter on 6 August 2026; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *	Q1 FY2027
Revenue	2,353	2,289	2,487	2,724	2,984	2,433	2,355	2,397	2,487	2,360	2,569	2,842	3,077	3,063	3,175	3,210	3,297	3,415	3,658	4,136
Cost of revenue	908	892	979	1,041	1,209	1,005	963	947	977	994	1,011	1,147	1,221	1,176	1,207	1,243	1,271	1,328	1,413	1,578
Gross profit	1,444	1,397	1,508	1,683	1,775	1,427	1,392	1,450	1,510	1,366	1,558	1,694	1,855	1,887	1,967	1,967	2,026	2,087	2,244	2,558
Gross margin	61%	61%	61%	62%	59%	59%	59%	60%	61%	58%	61%	60%	60%	62%	62%	61%	61%	61%	61%	62%
R&D	265	285	297	319	333	328	317	311	320	322	326	323	346	338	353	360	384	389	399	395
SG&A	213	216	237	254	243	238	251	240	237	238	255	251	267	249	263	269	280	291	291	301
Interest expense	37.9	40.0	44.2	74.4	74.3	74.8	73.5	74.2	74.2	80.0	82.8	82.2	75.0	71.9	73.1	71.1	69.7	70.4	73.3	67.9
Pre-tax income	927	846	950	1,070	1,143	801	776	852	691	702	945	1,079	973	1,264	1,329	1,309	1,330	1,417	1,549	1,824
Tax rate	23%	14%	15%	4%	14%	13%	12%	13%	16%	14%	11%	12%	15%	14%	9%	14%	14%	15%	12%	15%
Net income	717	731	805	1,026	979	698	685	741	583	602	836	946	825	1,088	1,203	1,121	1,146	1,201	1,363	1,549
Net margin	30%	32%	32%	38%	33%	29%	29%	31%	23%	25%	33%	33%	27%	36%	38%	35%	35%	35%	37%	37%
Diluted EPS	$0.47	$0.48	$0.54	$0.72	$0.69	$0.50	$0.50	$0.54	$0.43	$0.44	$0.62	$0.70	$0.62	$0.82	$0.91	$0.85	$0.87	$0.91	$1.04	$1.18
Operating cash flow	811	819	819	1,012	688	1,011	959	884	622	910	893	995	850	1,072	1,165	1,162	1,368	707	906	1,531
Capital expenditure	64.9	100	73.2	84.4	93.6	84.9	78.7	68.0	76.8	71.8	60.7	60.4	92.3	82.1	100	95.9	106	85.2	89.3	195
Free cash flow	746	719	746	927	595	926	880	816	545	838	832	935	757	990	1,065	1,066	1,262	622	817	1,336
Buybacks	430	565	2,574	89.8	355	478	389	455	438	372	470	567	650	507	426	545	548	626	571	936
Dividends paid	159	159	158	188	184	181	179	182	197	197	197	198	227	226	254	254	250	249	305	305
Shares outstanding	1,507m	1,492m	1,418m	1,417m	1,385m	1,372m	1,368m	1,359m	1,352m	1,346m	1,344m	1,338m	1,329m	1,322m	1,320m	1,314m	1,311m	1,306m	1,307m	1,303m
Filing	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 30 June 2026, filed 6 August 2026: the filing.