KLA (KLAC) Q1 FY26 earnings call

KLA delivered strong Q1 FY26 results, exceeding revenue and EPS guidance, driven by increasing process control intensity from AI infrastructure investments and significant momentum in advanced packaging. The company anticipates continued WFE growth in CY26, with a broader spending profile, despite an expected revenue impact from new China export controls. Management remains focused on supporting customers, investing in product roadmaps, and disciplined capital allocation.