KLA Corporation (0JPO.L) delivered a strong QQ1 2026 performance, highlighted by robust revenue growth, a high gross margin, and substantial free cash flow generation. Revenue reached USD 3.210 billion, up 12.96% year over year and 1.10% sequentially, while gross profit was USD 1.967 billion for a gross margin of 61.3%. Operating income of USD 1.338 billion produced an operating margin of 41.66%, and net income of USD 1.121 billion translated to a diluted EPS of USD 8.47. The company generated USD 1.162 billion of operating cash flow and USD 1.066 billion of free cash flow, underpinning a strong balance sheet with ample liquidity and modestly leveraged capital structure. Management-supported execution appears to reflect sustained demand for process-control, yield-management, and inspection/metrology solutions across leading nodes and packaging deployments, along with ongoing high-margin service and software offerings.