KLA Corp Tops Q1 Fiscal 2027 Estimates and Raises Outlook Sending Shares Up 3%

KLA Corporation reported fiscal first-quarter 2027 results on October 28 that beat the midpoints of its own guidance ranges on every major metric, sending shares up roughly 3%. Total revenues for the quarter ended September 2026 came in at $4.14 billion, topping the guided midpoint of $4.0 billion and up sharply from $3.21 billion in the year-ago quarter. GAAP diluted earnings per share were $1.18, above the $1.14 guidance midpoint, while non-GAAP diluted EPS reached $1.22, above the guided $1.16. Operating cash flow for the quarter was $1.53 billion and free cash flow was $1.34 billion, with the company returning $1.24 billion to shareholders in the period.

The stronger-than-expected forward guidance drove much of the market enthusiasm. KLA projected second-quarter fiscal 2027 revenues of $4.7 billion, plus or minus $200 million, well above the consensus analyst estimate of roughly $4.49 billion and representing a significant step up from the Q1 result. The company guided Q2 non-GAAP diluted EPS to $1.44, plus or minus $0.11, and GAAP diluted EPS to $1.41, plus or minus $0.11.