KLA Q4 earnings beat but shares fall after hours on cautious outlook
Jul 28, 2026, 5:17 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
Despite a quarterly beat, the stock sold off after hours, suggesting investors priced in cautious near-term outlook or validated softness in guidance; earnings beats don't guarantee positive price action when forward guidance is modest and near consensus, leading to short-term volatility typical after results.
AI summary
What happened, with direct paths to the underlying reporting
KLA reported Q4 EPS of $1.05 and revenue of $3.66B, beating expectations. Cash flow metrics were strong (OPCF $906.4M; FCF $817.1M) with quarterly capital returns of $876.3M. Management signaled momentum into 2026-27, but Q1 guidance ($1.06-$1.26 EPS; $3.8-$4.2B revenue) implies modest growth and prompted a post-earnings pullback.
Q4 EPS $1.05, beating est $1.00 (+5%).
Q4 Revenue $3.66B, above est $3.60B.
Q4 operating cash flow $906.4M; FY $4.14B.
Q4 free cash flow $817.1M; FY $3.77B.
Guidance: Q1 EPS $1.06-$1.26; revenue $3.8-$4.2B; shares slide after hours.
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