[Fiscal 2025 Third Quarter Financial Highlights](index=1&type=section&id=Fiscal%202025%20Third%20Quarter%20Financial%20Highlights) [Q3 FY2025 Performance Summary](index=1&type=section&id=Q3%20FY2025%20Performance%20Summary) KLA reported strong Q3 FY2025 results, with **$3.06 billion** revenue and **$8.16** GAAP diluted EPS, exceeding guidance Q3 FY2025 Key Financial Results (GAAP & Non-GAAP) | Metric | Q3 FY 2025 | Q2 FY 2025 | Q3 FY 2024 | | :--- | :--- | :--- | :--- | | **GAAP Results** | | | | | Total Revenues | $3,063 million | $3,077 million | $2,360 million | | Net Income | $1,088 million | $825 million | $602 million | | Net Income per Diluted Share | $8.16 | $6.16 | $4.43 | | **Non-GAAP Results** | | | | | Net Income | $1,121 million | $1,098 million | $715 million | | Net Income per Diluted Share | $8.41 | $8.20 | $5.26 | - Total revenues for Q3 FY2025 were **$3.06 billion**, with GAAP net income of **$1.09 billion** and GAAP net income per diluted share of **$8.16**[2](index=2&type=chunk) - CEO Rick Wallace stated that results were above the midpoint of guidance and that the company has received no indications of demand changes from customers for calendar year 2025 despite global trade uncertainties[3](index=3&type=chunk) [Capital Returns Program](index=1&type=section&id=Capital%20Returns%20Program) The company enhanced its capital return program, increasing quarterly dividend by **11.8%** to **$1.90 per share** and authorizing **$5 billion** for repurchases - The Board of Directors approved an increase in the quarterly dividend level to **$1.90 per share** from **$1.70 per share**, marking the 16th consecutive annual increase[7](index=7&type=chunk) - An additional **$5 billion** has been authorized for share repurchases, supplementing the existing authorization which had approximately **$457 million** remaining as of March 31, 2025[7](index=7&type=chunk) - Total capital returns for Q3 FY2025 amounted to **$732.5 million**, and **$2.37 billion** for the last nine months[4](index=4&type=chunk) [Fourth Quarter Fiscal 2025 Guidance](index=1&type=section&id=Fourth%20Quarter%20Fiscal%202025%20Guidance) Q4 FY2025 Guidance | Metric | Guidance Range | | :--- | :--- | | Total Revenues | $3.075 billion +/- $150 million | | GAAP Gross Margin | 61.7% +/- 1.0% | | Non-GAAP Gross Margin | 63.0% +/- 1.0% | | GAAP Diluted EPS | $8.28 +/- $0.78 | | Non-GAAP Diluted EPS | $8.53 +/- $0.78 | [Consolidated Financial Statements (Unaudited)](index=4&type=section&id=Consolidated%20Financial%20Statements%20(Unaudited)) [Statements of Operations](index=5&type=section&id=Statements%20of%20Operations) Q3 FY225 total revenues grew **30%** year-over-year to **$3.06 billion**, with net income increasing **81%** to **$1.09 billion** Statement of Operations Highlights (Three Months Ended March 31) | (In thousands) | 2025 | 2024 | | :--- | :--- | :--- | | **Total revenues** | **$3,063,029** | **$2,359,830** | | Product Revenue | $2,393,821 | $1,769,369 | | Service Revenue | $669,208 | $590,461 | | Costs of revenues | $1,175,689 | $993,885 | | R&D | $338,043 | $321,590 | | **Net income** | **$1,088,416** | **$601,541** | | **Diluted EPS** | **$8.16** | **$4.43** | [Balance Sheets](index=4&type=section&id=Balance%20Sheets) As of March 31, 2025, total assets were **$15.19 billion**, liabilities **$11.18 billion**, and equity **$4.00 billion** Balance Sheet Summary | (In thousands) | March 31, 2025 | June 30, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $1,858,022 | $1,977,129 | | Marketable securities | $2,170,600 | $2,526,866 | | **Total assets** | **$15,188,307** | **$15,433,566** | | Total current liabilities | $3,909,929 | $4,660,774 | | Long-term debt | $5,883,322 | $5,880,199 | | **Total liabilities** | **$11,183,568** | **$12,065,238** | | **Total stockholders' equity** | **$4,004,739** | **$3,368,328** | [Statements of Cash Flows](index=6&type=section&id=Statements%20of%20Cash%20Flows) Operating cash flow reached **$1.07 billion**, free cash flow **$990 million**, with **$735 million** used in financing activities Cash Flow Summary (Three Months Ended March 31) | (In thousands) | 2025 | 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $1,072,159 | $909,978 | | Net cash used in investing activities | ($319,803) | ($858,046) | | Net cash provided by (used in) financing activities | ($735,199) | $138,924 | | Net increase in cash and cash equivalents | $19,744 | $183,113 | - Key uses of cash in financing activities for Q3 FY2025 included **$506.7 million** for common stock repurchases and **$225.8 million** for dividend payments[16](index=16&type=chunk) [Supplemental Financial Information (Unaudited)](index=7&type=section&id=Supplemental%20Financial%20Information%20(Unaudited)) [Segment Information](index=7&type=section&id=Segment%20Information) Semiconductor Process Control drove Q3 FY2025 revenue to **$2.74 billion**, a **30.7%** increase, with all segments growing Segment Revenues (Three Months Ended March 31) | (In thousands) | 2025 | 2024 | | :--- | :--- | :--- | | Semiconductor Process Control | $2,738,817 | $2,096,005 | | Specialty Semiconductor Process | $156,500 | $130,649 | | PCB and Component Inspection | $168,552 | $133,399 | | **Total revenues for reportable segments** | **$3,063,869** | **$2,360,053** | [GAAP to Non-GAAP Reconciliation](index=7&type=section&id=GAAP%20to%20Non-GAAP%20Reconciliation) Q3 FY2025 non-GAAP net income was **$1.12 billion** (**$8.41** diluted EPS), adjusted from GAAP **$1.09 billion** (**$8.16** diluted EPS) Q3 FY2025 GAAP to Non-GAAP Net Income Reconciliation | (In thousands) | Amount (in thousands) | | :--- | :--- | | GAAP net income | $1,088,416 | | Acquisition-related charges | $53,663 | | Income tax effect of non-GAAP adjustments | ($18,306) | | Discrete tax items | ($3,113) | | **Non-GAAP net income** | **$1,120,660** | - The company provides reconciliations for its Q4 FY2025 guidance, bridging GAAP EPS to non-GAAP EPS and GAAP Gross Margin to non-GAAP Gross Margin[22](index=22&type=chunk)[23](index=23&type=chunk) - Non-GAAP adjustments exclude items not indicative of core operating results, such as amortization of intangible assets, restructuring costs, and certain impairment charges, to enhance comparability[24](index=24&type=chunk) [Free Cash Flow and Capital Returns](index=8&type=section&id=Free%20Cash%20Flow%20and%20Capital%20Returns) Free cash flow for Q3 FY2025 was **$990 million**, with **$732.5 million** returned to shareholders via dividends and repurchases Free Cash Flow and Capital Returns (Three Months Ended March 31) | (In thousands) | 2025 | 2024 | | :--- | :--- | :--- | | **Free cash flow** | **$990,024** | **$838,185** | | Payments of dividends | $225,774 | $197,154 | | Common stock repurchases | $506,745 | $372,251 | | **Capital returns** | **$732,519** | **$569,405** |

Q3 Fiscal 2025 Earnings Quarter Ended March 31, 2025 • Reported April 30, 2025 These forward-looking statements are based on current information and expectations and involve a number of risks and uncertainties. Actual results may differ materially from those projected in such statements due to various factors, including but not limited to: the impact of tariffs on our business; our vulnerability to a weakening in the condition of the financial markets and the global economy; risks related to our internation ...

Total revenues were $3.06 billion, above the midpoint of the guidance range of $3.0 billion +/- $150 million; GAAP diluted EPS was $8.16 and non-GAAP diluted EPS was $8.41, both above the midpoints of the respective guidance ranges; Cash flow from operating activities for the quarter and last nine months were $1.07 billion and $2.92 billion, respectively, and free cash flow was $990.0 million and $2.68 billion, respectively; Capital returns for the quarter and last nine months were $732.5 million and $2.37 ...

KLA Corporation (KLAC) is set to report its third-quarter fiscal 2025 results on April 30.For the third quarter of fiscal 2025, KLAC expects revenues of $3 billion, plus/minus $150 million. The Zacks Consensus Estimate for revenues is pegged at $3.01 billion, indicating an increase of 27.36% from the year-ago quarter’s reported figure.KLA expects non-GAAP earnings of $8.05 per share, plus/minus 60 cents. The consensus mark for earnings is pegged at $8.06 per share, which has moved down by a penny over the p ...

来源：内容来自 businesskorea ，谢谢。 2025年1月，美国政府出台了一系列针对半导体行业的严格监管规定，重点加强了对先进半导体和 集成电路的审查措施。这些规定要求对先进芯片进行检查，确保由主要晶圆代工厂生产的芯片不会 流向中国等受制裁国家的企业。此举是美国为在持续的贸易摩擦和技术竞争中维护技术领导地位、 保障国家安全而采取的更广泛战略的一部分。 3月13日，三星电子向美国商务部工业与安全局（BIS）提交了一份意见函，表达了对这些监管规 定的担忧，认为此类规定"可能导致意想不到的后果并阻碍创新"。该函件主要针对《临时最终规 则》（IFR），呼吁放宽监管，并强调"明确术语和适用范围"的必要性。三星还提交了机密文件， 说明相关规定可能对其业务带来的影响。 在完成意见征集程序后，美国商务部预计将很快公布最终规则。相关各方正在等待这一公布，并希 望新的监管措施能在保障国家安全与促进行业增长和创新之间找到平衡。 韩国芯片，遭受冲击 特朗普政府于4月10日宣布新一轮关税，对钢铁等产品征收25%的关税，并计划将这些关税扩大到 半导体。预计此举将首先针对智能手机和个人电脑中使用的ICT芯片，可能会扰乱全球供应链 ...

In its upcoming report, KLA (KLAC) is predicted by Wall Street analysts to post quarterly earnings of $8.06 per share, reflecting an increase of 53.2% compared to the same period last year. Revenues are forecasted to be $3.01 billion, representing a year-over-year increase of 27.4%.The consensus EPS estimate for the quarter has been revised 0.2% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during th ...

The latest trading session saw KLA (KLAC) ending at $676.21, denoting a +0.93% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a loss of 0.17% for the day. On the other hand, the Dow registered a loss of 0.39%, and the technology-centric Nasdaq decreased by 0.05%.Shares of the maker of equipment for manufacturing semiconductors have depreciated by 6.73% over the course of the past month, underperforming the Computer and Technology sector's loss of 6.26% and the S&P 500 ...

KLA (KLAC) shares ended the last trading session 4.9% higher at $604.62. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 19% loss over the past four weeks.KLAC is benefiting from strong demand in leading-edge logic, high-bandwidth memory (HBM), and advanced packaging, which are driving growth in the semiconductor industry.This maker of equipment for manufacturing semiconductors is expected to post quarterly earning ...

Company Performance - KLA's stock closed at $686.19, with a daily increase of +0.55%, which was lower than the S&P 500's gain of 0.67% [1] - Over the past month, KLA's shares experienced a loss of 2.37%, outperforming the Computer and Technology sector's loss of 7.99% and the S&P 500's loss of 5.28% [1] Upcoming Earnings - KLA is expected to report an EPS of $8.06, reflecting a 53.23% increase from the same quarter last year, with projected revenue of $3 billion, a rise of 27.28% year-over-year [2] Annual Estimates - For the annual period, the Zacks Consensus Estimates predict earnings of $31.57 per share and revenue of $11.9 billion, indicating increases of +32.98% and +21.29% respectively from the previous year [3] Analyst Sentiment - Recent changes in analyst estimates for KLA suggest a positive outlook, as these revisions often correlate with short-term business dynamics [3][4] Zacks Rank - KLA currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate having decreased by 0.05% in the past month [5] Valuation Metrics - KLA's Forward P/E ratio stands at 21.62, which is higher than the industry average of 16.51, and it has a PEG ratio of 1.38, aligning with the industry average [6] Industry Context - The Electronics - Miscellaneous Products industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 175, placing it in the bottom 30% of over 250 industries [7]

KLA (KLAC) closed at $700 in the latest trading session, marking a -0.79% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.33%. Elsewhere, the Dow saw a downswing of 0.37%, while the tech-heavy Nasdaq depreciated by 0.53%.The maker of equipment for manufacturing semiconductors's stock has dropped by 4.47% in the past month, exceeding the Computer and Technology sector's loss of 7.14% and lagging the S&P 500's loss of 4.03%.The upcoming earnings release of KLA will b ...