Press release
KLA Corporation Reports Fiscal 2025 First Quarter Results
Total revenues were $2.84 billion, above the midpoint of the guidance range of $2.75 billion +/- $150 million;GAAP diluted EPS was $7.01 and non-GAAP diluted
About this update from Kla Corporation
[{"type":"text","content":"Total revenues were $2.84 billion, above the midpoint of the guidance range of $2.75 billion +/- $150 million;GAAP diluted EPS was $7.01 and non-GAAP diluted EPS was $7.33, both of which were near the upper end of the respective guidance ranges;Cash flow from operating activities for the quarter and last twelve months were $995.2 million and $3.42 billion, respectively, and free cash flow was $934.8 million and $3.15 billion, respectively; andCapital returns for the quarter and last twelve months were $765.5 million and $2.64 billion, respectively.MILPITAS, Calif., Oct. 30, 2024 /PRNewswire/ -- KLA Corporation (NASDAQ: KLAC) today announced financial and operating results for its first quarter of fiscal year 2025, which ended on Sept. 30, 2024, and reported GAAP net income of $945.9 million and GAAP net income per diluted share of $7.01 on revenues of $2.84 billion.\n\n\"KLA's September quarter results demonstrate continued outperformance with results above expectations and consistent with our expectation of sequential quarterly growth in revenue over the course of the current calendar year,\" said Rick Wallace, president and CEO, KLA Corporation. \"While some customers are facing near-term challenges, we are optimistic about continued semiconductor market growth in the fourth calendar quarter of 2024 and into calendar 2025. KLA's industry-leading portfolio combined with disciplined operational execution positions the company well to support customer investments, particularly in leading-edge AI and high-performance computing applications.\"\nGAAP Results\nQ1 FY 2025\nQ4 FY 2024\nQ1 FY 2024\nTotal Revenues\n$2,842 million\n$2,569 million\n$2,397 million\nNet Income\n$946 million\n$836 million\n$741 million\nNet Income per Diluted Share\n$7.01\n$6.18\n$5.41\nNon-GAAP Results\nQ1 FY 2025\nQ4 FY 2024\nQ1 FY 2024\nNet Income\n$988 million\n$893 million\n$786 million\nNet Income per Diluted Share\n$7.33\n$6.60\n$5.74\nA 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 2025 first quarter, along with its outlook, on a conference call today beginning at 2 p.m. P.T. A webcast of the call will be available at: www.kla.com.\nSecond Quarter Fiscal 2025 GuidanceThe following details our guidance...