Revenue and Growth - Total revenues for Q1 FY 2025 were $2.84 billion, above the midpoint of the guidance range of $2.75 billion +/- $150 million[1] - Q1 FY 2025 total revenues increased to $2.84 billion from $2.40 billion in Q1 FY 2024, representing an 18.5% year-over-year growth[4] - Q2 FY 2025 guidance expects total revenues to be in the range of $2.95 billion +/- $150 million[5] - Total revenues for Q3 2024 reached $2.84 billion, up 18.5% from $2.40 billion in Q3 2023[15] - Semiconductor Process Control revenue for Q3 2024 was $2.58 billion, up 20.6% from $2.14 billion in Q3 2023[15] Earnings and Profitability - GAAP diluted EPS was $7.01 and non-GAAP diluted EPS was $7.33, both near the upper end of the respective guidance ranges[1] - GAAP net income for Q1 FY 2025 was $945.9 million, with GAAP net income per diluted share of $7.01[2] - Net income for Q1 FY 2025 was $945.9 million, compared to $741.4 million in Q1 FY 2024, representing a 27.6% year-over-year increase[11] - Net income for Q3 2024 increased to $945.85 million, up 27.6% from $741.38 million in Q3 2023[13] - Non-GAAP net income for Q3 2024 was $988.15 million, up 25.7% from $786.48 million in Q3 2023[16] - Non-GAAP net income per diluted share for Q3 2024 was $7.33, up 27.7% from $5.74 in Q3 2023[16] - GAAP diluted EPS for Q2 FY 2025 is expected to be in the range of $7.45 +/- $0.60, and non-GAAP diluted EPS is expected to be $7.75 +/- $0.60[5] Cash Flow and Liquidity - Cash flow from operating activities for the quarter was $995.2 million, and free cash flow was $934.8 million[1] - Free cash flow for Q3 2024 was $934.85 million, up 14.6% from $815.70 million in Q3 2023[18] - Net cash provided by operating activities for Q3 2024 was $995.24 million, up 12.6% from $883.74 million in Q3 2023[13] - Cash and cash equivalents as of September 30, 2024, were $1.98 billion, with total current assets of $10.23 billion[10] Capital Returns and Stock Repurchases - Capital returns for Q3 2024 totaled $765.46 million, up 20.2% from $636.92 million in Q3 2023[19] - Common stock repurchases for Q3 2024 totaled $567.38 million, up 24.6% from $455.41 million in Q3 2023[13] Gross Margin and Profitability Projections - GAAP gross margin for Q2 FY 2025 is expected to be in the range of 60.0% +/- 1.0%, while non-GAAP gross margin is expected to be 61.5% +/- 1.0%[5] - GAAP gross margin for Q3 2024 is projected to be between 59.0% and 61.0%, with non-GAAP gross margin expected to be between 60.5% and 62.5%[21] Non-GAAP Financial Metrics and Adjustments - Non-GAAP financial metrics are used to enhance understanding of operating performance and future prospects, including non-GAAP net income, non-GAAP net income per diluted share, non-GAAP gross margin, and free cash flow[22] - Acquisition-related charges in non-GAAP adjustments include amortization of intangible assets, transaction costs, and intangible asset impairment charges[23] - Restructuring, severance, and other charges in non-GAAP adjustments include employee severance costs and writedowns of certain right of use assets and fixed assets[23] - Income tax effect of non-GAAP adjustments includes the tax effects of excluded items[23] - Discrete tax items in non-GAAP adjustments include tax impacts from changes in international structure and amortization of tax items[23]

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; and Capital returns for the quarter and last twelve months were $7 ...

Wall Street expects a year-over-year increase in earnings on higher revenues when KLA (KLAC) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 30. On th ...

The company is in the middle of a political storm concerning sales of high-performance chips and equipment across the Pacific Ocean. News of a top-level effort to curb the activities of certain makers of high-tech components was putting the hurt on KLA (KLAC -1.81%) stock recently. Spooked by the apparent determination to limit such businesses' interaction with a top Asian peer, investors eagerly traded out of KLA. As a result, according to data compiled by S&P Global Market Intelligence, the company's shar ...

KLA (KLAC) shares have outperformed the Zacks Computer & Technology sector as well as its peers Applied Materials (AMAT) and Lam Research (LRCX) over the past year. While KLA's shares have returned 42.4%, Applied Materials and Lam Research gained 30.5% and 15.4%, respectively, over the past year. The broader sector has appreciated 40.5% over the same time frame. The uptick can be attributed to the robust performance of the wafer inspection segment, fueled by increasing demand for advanced wafer inspection a ...

New portfolio drives chip performance with panel-based interconnect innovation KLA is extending the capability of the proven Corus™ direct imaging platform and introducing the Serena™ direct imaging platform to support mainstream and advanced IC substrate lithography requirements New Lumina™ inspection and metrology systems further equip IC substrate (including glass core) and panel-based interposer makers to efficiently build advanced products with high quality and yield MILPITAS, Calif., Oct. 15, 2024 /PR ...

Overview of the Recent Transaction On September 30, 2024, Vanguard Group Inc, a prominent investment firm, expanded its portfolio by acquiring an additional 101,920 shares of KLAC, Financial), a leader in the semiconductor industry. This transaction, exceuted at a price of $774.41 per share, increased Vanguard's total holdings in KLA Corp to 13,398,832 shares. This move reflects Vanguard's ongoing strategy to invest in high-value technology sectors, aligning with its significant holdings in other tech giant ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering KLA (KLAC) , which belongs to the Zacks Electronics - Miscellaneous Products industry. When looking at the last two reports, this maker of equipment for manufacturing semiconductors has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 7.52%, on average, in the last two quarters. For the last reported quarter, KLA ...

Shares of KLA Corp (KLAC, Financial) surged 4.27% in mid-day trading on Oct 2. The stock reached an intraday high of $785.88, up from its previous close of $753.70. This places KLAC 12.32% below its 52-week high of $896.32 and 75.30% above its 52-week low of $448.31. Trading volume was 242,415 shares, 25.5% of the average daily volume of 951,585. Wall Street Analysts Forecast Based on the one-year price targets offered by 22 analysts, the average target price for KLA Corp (KLAC, Financial) is $846.28 with a ...

In the latest market close, KLA (KLAC) reached $774.41, with a -1.02% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 0.42% for the day. Meanwhile, the Dow experienced a rise of 0.04%, and the technology-dominated Nasdaq saw an increase of 0.38%. The the stock of maker of equipment for manufacturing semiconductors has fallen by 4.52% in the past month, lagging the Computer and Technology sector's gain of 1.78% and the S&P 500's gain of 2.06%. The invest ...