Slide 1: Q3 Fiscal 2025 Earnings
Q3 Fiscal 2025 Earnings Quarter Ended March 31, 2025 • Reported April 30, 2025 KLA Non-Confidential | Unrestricted 1
Slide 2: Forward Looking Statements
Forward Looking Statements Statements in this letter other than historical facts, such as statements pertaining to: (i) future industry demand for semiconductors and WFE; (ii) our market position for the future and future growth in demand for our products; (iii) our forecast of financial measures fo
Slide 3: The KLA Operating Model
The KLA Operating Model Consistent Strategy and Execution Application of common processes and discipline Cascades throughout the organization Strong focus on talent development Management By Metrics Culture of performance and accountability Expectation of continuous improvement Superior
Slide 4: Sustaining Strong Process Control Market Leadership
Sustaining Strong Process Control Market Leadership KLA’s Process Control market share remained strong at > 56% in 2024, driven by Semiconductor Process Control 1 strong customer adoption of optical patterned wafer inspection, and share gains Market Share in Advanced Wafer Level Packaging 70% 60% Ov
Slide 5: March Quarter 2025 Income Statement Highlights
March Quarter 2025 Income Statement Highlights $3.06B 63.0% 44.2% $1.1B Revenue Gross Margin* Operating Margin* Net Income* $8.41 KLA’s high-performance Non-GAAP Diluted EPS Teron SL670e XP reticle inspection systems are used during chip manufacturing to $8.16 identify yield-critical defects on EUV
Slide 6: Breakdown of Revenue by Reportable Segments and End Markets
Breakdown of Revenue by Reportable Segments and End Markets Revenue Y/Y Q/Q Q3-FY25: Semi Process Control Q3-FY25 ($M) Growth % Growth % Revenue % End Market System Revenue 1 Semiconductor Process Control $2,739 +31% -1% 89% (Systems + Services) 71% Specialty Semiconductor Process $156 +20% -2% 5% (
Slide 7: Breakdown of Revenue by Major Product and Regions
Breakdown of Revenue by Major Product and Regions Revenue Y/Y Q/Q Q3-FY25 Q3-FY25 ($M) Growth % Growth % Revenue % Revenue by Region Wafer $1,496 +51% -4% 49% Inspection 10% Patterning $636 +18% +20% 21% 6% 32% Specialty $138 +19% -3% 4% Semi Process 26% PCB and Component $104 +53% +12% 3% Inspectio
Slide 8: Strong Investment Grade Balance Sheet
Strong Investment Grade Balance Sheet Balance Sheet Summary 1 ($M) Bond Maturity Profile Investment Grade Credit Ratings Total Cash 2 $ 4,029 Bonds Outstanding $5.95B Moody’s A2 Working Capital $ 6,035 Weighted Average Total Assets $ 15,188 4.67% S&P A- Interest Rate Debt 3 $ 5,883 Weighted Average
Slide 9: FCF Generation Fuels Consistent Capital Return to Shareholders
FCF Generation Fuels Consistent Capital Return to Shareholders Free Cash Flow 1 and FCF Margin 2 Investment Market in Growth and Leadership and $3.5 $3.4 New Products Differentiated $3.2 Solutions $3.0 $2.5 Value Creation $1.8 33% Capital Returns Strong Margins 31% 31% 30% 29% to Shareholders and FC
Slide 10: Return to Shareholders Across Both Share Repurchases & Dividends
Return to Shareholders Across Both Share Repurchases & Dividends Share Repurchases - Last 5 Years 1 Track Record of Dividend Increases ~$379 Apr. 30, 2025 Announced 16th consecutive annual dividend 7.60 Avg price per share since 2020 increase, up 12% to $1.90/share from $1.70/share 6.05 Apr. 30, 202
Slide 11: Free Cash Flow and Capital Return Highlights
Free Cash Flow and Capital Return Highlights $507M $990M March Quarter Share Buyback March Quarter Free Cash Flow* $2.2B LTM Share Buyback 32% March Quarter FCF Margin* $226M March Quarter Dividends Paid 88% $848M (Above) Utilizing enhanced 150nm Broadband Spectroscopic Ellipsometry technology, the
Slide 12: Guidance for Q4 FY2025 – June 2025 Quarter
Guidance for Q4 FY2025 – June 2025 Quarter June 2025 Quarter Guidance Macro Assumptions Revenue $3.075B +/- $150M Semi PC Revenue By End Market Foundry/Logic: ~69% Non-GAAP 63% +/- 1% Memory: ~31% DRAM ~76% | NAND ~24% Gross Margin* Model Assumptions GAAP Diluted Non-GAAP Operating Expenses*
Slide 13: Appendix
Appendix Reconciliation of Financial Results
Slide 14: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures KLA Non-Confidential | Unrestricted 14
Slide 15: Reconciliation of Free Cash Flow and Related Metrics
Reconciliation of Free Cash Flow and Related Metrics KLA Non-Confidential | Unrestricted 15
Slide 16: Reconciliation of Guidance
Reconciliation of Guidance Q4 FY2025 Guidance Range: CY 2025 Guidance: KLA Non-Confidential | Unrestricted 16
Slide 17: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures KLA Non-Confidential | Unrestricted 17
Slide 18: KLA Non-Confidential | Unrestricted
KLA Non-Confidential | Unrestricted 18