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MILPITAS, Calif. - KLA Corporation (NASDAQ:KLAC) shares edged down 1% despite reporting fourth-quarter earnings that significantly exceeded analyst expectations, with the semiconductor equipment maker delivering record quarterly free cash flow exceeding $1 billion for the first time in a June quarter.
The company reported adjusted earnings per share of $9.38 for its fiscal fourth quarter, handily beating the analyst consensus of $8.54. Revenue came in at $3.18 billion, surpassing the $3.08 billion estimate and representing a 23.6% increase YoY from $2.57 billion in the same quarter last year.
"KLA delivered strong across-the-board results for the June quarter including generating record quarterly free cash flow," said Rick Wallace, president and CEO of KLA Corporation. "These results reflect the unique and compelling opportunity within semiconductor capital equipment for KLA’s continued role in enabling and supporting the AI infrastructure buildout."
For the first quarter of fiscal 2026, KLA provided revenue guidance of $3.15 billion plus or minus $150 million, which at the midpoint of $3.15 billion is slightly above the analyst consensus. The company expects adjusted EPS between $8.53 plus or minus $0.77, with the midpoint of $8.53 comparing favorably to analyst estimates.
KLA’s performance was bolstered by strong demand in its Semiconductor Process Control segment, which generated $2.88 billion in revenue during the quarter. The company also reported robust cash flow from operations of $1.16 billion and free cash flow of $1.06 billion for the quarter.
For the full fiscal year 2025, KLA reported total revenues of $12.16 billion, adjusted EPS of $33.28, and returned $3.05 billion to shareholders through dividends and share repurchases.
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