Press release
KLA Corporation Reports Fiscal 2024 First Quarter Results
Total revenues were $2.40 billion, at the upper end of the guidance range of $2.35 billion +/- $125 million;GAAP and non-GAAP diluted EPS attributable to KLA
About this update from Kla Corporation
[{"type":"text","content":"Total revenues were $2.40 billion, at the upper end of the guidance range of $2.35 billion +/- $125 million;GAAP and non-GAAP diluted EPS attributable to KLA was $5.41 and $5.74, respectively, each finishing at the upper end of the guidance ranges;Cash flow from operating activities for the quarter and last twelve months were $883.7 million and $3.54 billion, respectively, and free cash flow was $815.7 million and $3.22 billion, respectively; Capital returns for the quarter and last twelve months were $636.9 million and $2.40 billion, respectively; andOn Sept. 5, KLA announced an increase in the quarterly dividend level to $1.45 per share from $1.30, the 14th consecutive annual dividend increase since inception in 2006, in addition to an increase of $2 billion to the current share repurchase authorization.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.\n\nhttps://mma.prnewswire.com/media/806571/KLA_Corporation_Logo.jpg \n\"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.\"\nGAAP Results\nQ1 FY 2024\nQ4 FY 2023\nQ1 FY 2023\nTotal Revenue\n$2,397 million\n$2,355 million\n$2,724 million\nNet Income Attributable to KLA\n$741 million\n$685 million\n$1,026 million\nNet Income per Diluted Share Attributable to KLA\n$5.41\n$4.97\n$7.20\nNon-GAAP Results\nQ1 FY 2024\nQ4 FY 2023\nQ1 FY 2023\nNet Income Attributable to KLA\n$786 million\n$743 million\n$1,007 million\nNet Income per Diluted Share Attributable to KLA\n$5.74\n$5.40\n$7.06\nA reconciliation between GAAP operating results and non-GAAP operating results is provided following ...