KLA Corporation Reports Fiscal 2024 First Quarter Results

MILPITAS, Calif., Oct. 25, 2023 — (PRNewswire) — KLA Corporation (NASDAQ: KLAC) today announced financial and operating results for its first quarter of fiscal year 2024, which ended on Sept. 30, 2023, and reported GAAP net income of $741.4 million and GAAP earnings per diluted share of $5.41 on revenue of $2.40 billion.

https://mma.prnewswire.com/media/806571/KLA_Corporation_Logo.jpg 

"KLA's September quarter results were at the high-end or above the midpoint of the guidance ranges for revenue and earnings per share, demonstrating the strength of KLA's market leadership and operational execution, while also delivering solid free cash flow generation," said Rick Wallace, president and CEO, KLA Corporation. "Despite the challenging market conditions, our continued strong performance highlights the relative value of KLA products and services to our customers, the resiliency of the KLA Operating Model and our commitment to delivering long-term value to all stakeholders."

GAAP Results


Q1 FY 2024

Q4 FY 2023

Q1 FY 2023

Total Revenue

$2,397 million

$2,355 million

$2,724 million

Net Income Attributable to KLA

$741 million

$685 million

$1,026 million

Net Income per Diluted Share Attributable to KLA

$5.41

$4.97

$7.20





Non-GAAP Results


Q1 FY 2024

Q4 FY 2023

Q1 FY 2023

Net Income Attributable to KLA

$786 million

$743 million

$1,007 million

Net Income per Diluted Share Attributable to KLA

$5.74

$5.40

$7.06

A reconciliation between GAAP operating results and non-GAAP operating results is provided following the financial statements included in this release. KLA will discuss the results for its fiscal year 2024 first quarter, along with its outlook, on a conference call today beginning at 2 p.m. Pacific Time. A webcast of the call will be available at:  www.kla.com.

Second Quarter Fiscal 2024 Guidance

The following details our guidance for the second quarter of fiscal 2024 ending in Dec.:

  • Total revenues is expected to be in a range of $2.45 billion +/- $125 million
  • GAAP gross margin is expected to be in a range of 59.6% +/- 1.0%
  • Non-GAAP gross margin is expected to be in a range of 61.5% +/- 1.0%
  • GAAP diluted EPS is expected to be in a range of $5.54 +/- $0.60
  • Non-GAAP diluted EPS is expected to be in a range of $5.86 +/- $0.60

For additional details and assumptions underlying our guidance metrics, please see the company's published Letter to Shareholders, Earnings Slide Presentation and Earnings Infographic on the KLA investor relations website. Such Letter to Shareholders, Earnings Slide Presentation and Earnings Infographic are not incorporated by reference into this earnings release.

1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »
Featured Video
Jobs
Currently No Featured Jobs
Upcoming Events
Consumer Electronics Show 2025 - CES 2025 at Las Vegas Convention Center NV - Jan 7 - 10, 2025
ESD Alliance "Savage on Security” Webinar at United States - Jan 23, 2025
SEMICON Korea 2025 at Hall A, B, C, D, E, GrandBallroom, PLATZ, COEX, Seoul Korea (South) - Feb 19 - 21, 2025
DVCon U.S. 2025 at United States - Feb 24 - 27, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise