KLA Corporation is scheduled to report its first-quarter fiscal 2026 results on Oct. 29. The company expects revenues of $3.15 billion with a Zacks Consensus Estimate of $3.16 billion, showing an 11% increase from the previous year. Non-GAAP earnings are projected at $8.53 per share, with a consensus estimate of $8.55 per share.

Artificial intelligence (AI) is a key driver for KLA, with advancements in compute efficiency boosting demand for advanced semiconductors and process control solutions. The company’s Q1 results are expected to benefit from the importance of process control in fab ramp phases and the growing complexity of advanced packaging, driving revenue growth.

Gross margin may have been impacted by weak systems revenues in Q1 of fiscal 2026 for KLA Corporation. Despite tariff headwinds, the impact is expected to be lower than previously guided. The company’s advanced packaging business and high-bandwidth memory in DRAM are driving top-line growth.

KLA Corporation has an Earnings ESP of 0.00% and a Zacks Rank #2. While a combination of positive Earnings ESP and Zacks Rank increases the odds of an earnings beat, this may not be the case for KLA. Consider looking into companies like Corning, Meta Platforms, and AMETEK for potential earnings beats in their upcoming releases.

Read more at Nasdaq: KLAC Set to Report Q1 Earnings: What’s in Store for the Stock?