KLA Corp. (KLAC) dropped its first-quarter fiscal 2027 results after Wednesday's closing bell, and the semiconductor equipment maker beat estimates across the board while handing out a strong financial outlook.

Inside the Numbers

KLA reported quarterly earnings of $1.22 per share, which beat the consensus estimate of $1.18 by 3.39%, according to market data.

Quarterly revenue came in at $4.14 billion, which beat the Street estimate of $4.04 billion and was up from $3.21 billion in the same period last year.

"KLA's September quarter beat the midpoint of guidance across all key metrics, demonstrating the accelerated growth we expected for the second half of calendar 2026," said CEO Rick Wallace.

"Process control, and KLA in particular, continues to be critical to the AI ecosystem buildout and benefits from numerous ongoing inflections, including increases in leading-edge designs across foundry and logic, device size and value, memory complexity and performance requirements, and the importance of advanced packaging," Wallace added.

Looking Ahead

KLA expects second-quarter adjusted EPS between $1.33 and $1.55, versus the $1.38 analyst estimate, and revenue in a range of $4.5 billion to $4.9 billion, versus the $4.54 billion estimate.

KLAC Stock Price: According to market data, KLA shares were up 3.05% to $163.62 in Wednesday's extended trading.