KLA (KLAC) revenues in the first quarter of fiscal year 2027 were 4.14 billion USD (+28.9% y/y), and net income increased by 38.1% y/y to 1.55 billion USD.

Quarterly results#

Earnings per share (adjusted) reached 1.22 USD (+38.6% y/y), while earnings per share (reported) was 1.18 USD (+38.8% y/y). In the Semiconductor Process Control segment, revenues were 3.75 billion USD (+29.5% y/y), while the Specialty Semiconductor Process segment recorded 139.49 million USD (+16.5% y/y).

Management commentary#

According to management, further growth is expected to be more even, while simultaneously expecting quarter-over-quarter growth. Management emphasized that DRAM memory manufacturers appreciated the value of higher production yields, which translates into increasing process control intensity. According to management, sales in China are growing significantly slower than on a company-wide scale. Management also indicated that due to customer pressure to prioritize projects, the company must invest in human resources, facilities, and the supply chain.