KLA Corporation delivered strong Q1 FY2026 financial results, driven by expansion in AI infrastructure buildout. Total Revenues grew 13% YoY to \(3.21 Billion, with Net Income rising to \)1.12 Billion, resulting in Diluted EPS of \(8.47 (up from \)7.01). Gross Margin improved to 61.3%. Pre-tax Income increased substantially to $1.31 Billion, though the Effective Tax Rate rose to 14.4% from 12.3% previously.
Business performance was led by Semiconductor Process Control (\(2.9B revenue). The strategic exit from Display products is paying off, as the PCB and Component Inspection segment swung to a \)2
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