KLAC · KLA Corporation Q4 FY2026 earnings call record财报电话会记录

“Across these inflection points, customers are relying on KLA's portfolio of systems, services, and expertise to accelerate yield learning, improve productivity, and scale new technologies into high-volume manufacturing.”

“Finally, in the quarter, KLA Services delivered $820 million in revenue, up 17% year-over-year, as customers rely on KLA to maximize tool performance, productivity, and availability across a growing installed base.”

“Revenue of $3.66 billion was above the midpoint of guidance of $3.575 billion and rose 7% sequentially and 15% year-over-year.”

“In the June quarter, free cash flow was $817 million, and KLA returned $876 million to shareholders, including $571 million in share repurchases and $305 million in dividends.”

“Over the past 12 months, total capital returns were $3.3 billion, and free cash flow margin was 28%.”

“Despite well-chronicled fab space limitations, we continue to see the market for wafer equipment strengthening as customers accelerate their delivery expectations across all segments.”

“While guidance is roughly flat sequentially with results, it is up 75 basis points from gross margin guidance last quarter, benefiting from operating leverage on revenue growth.”

“We will continue to prioritize next-generation product development and company infrastructure investments to support expected revenue growth over the next several years, and we anticipate these expenses to grow by roughly $15 to 20 million sequentially over the next several quarters.”

“These trends reinforce KLA's critical role in helping customers accelerate yield learning, improve productivity, and ramp increasingly complex technologies into high-volume manufacturing.”

“I would say certainly the first half of 2026 was slower from a sequential point of view, given some of the lead time challenges we had and how that translated to the constraints around shipments.”

“As we talked about at Investor Day, we see that the gross margin is generally going to track 60% to 65% towards that 63.5%, ±500 basis point view that we articulated.”

“Is there something like you don't want to anger customers, or is there some reason why you're not able to at least offset that and maybe even get proactive and move margins higher than what was in your model?”