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KLA(KLAC) - 2025 Q1 - Quarterly Results
KLACKLA(KLAC)2024-10-30 20:07

Revenue and Growth - Total revenues for Q1 FY 2025 were 2.84billion,abovethemidpointoftheguidancerangeof2.84 billion, above the midpoint of the guidance range of 2.75 billion +/- 150million[1]−Q1FY2025totalrevenuesincreasedto150 million[1] - Q1 FY 2025 total revenues increased to 2.84 billion from 2.40billioninQ1FY2024,representingan18.52.40 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 +/- 150million[5]−TotalrevenuesforQ32024reached150 million[5] - Total revenues for Q3 2024 reached 2.84 billion, up 18.5% from 2.40billioninQ32023[15]−SemiconductorProcessControlrevenueforQ32024was2.40 billion in Q3 2023[15] - Semiconductor Process Control revenue for Q3 2024 was 2.58 billion, up 20.6% from 2.14billioninQ32023[15]EarningsandProfitability−GAAPdilutedEPSwas2.14 billion in Q3 2023[15] Earnings and Profitability - GAAP diluted EPS was 7.01 and non-GAAP diluted EPS was 7.33,bothneartheupperendoftherespectiveguidanceranges[1]−GAAPnetincomeforQ1FY2025was7.33, 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]−NetincomeforQ1FY2025was7.01[2] - Net income for Q1 FY 2025 was 945.9 million, compared to 741.4millioninQ1FY2024,representinga27.6741.4 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 741.38millioninQ32023[13]−Non−GAAPnetincomeforQ32024was741.38 million in Q3 2023[13] - Non-GAAP net income for Q3 2024 was 988.15 million, up 25.7% from 786.48millioninQ32023[16]−Non−GAAPnetincomeperdilutedshareforQ32024was786.48 million in Q3 2023[16] - Non-GAAP net income per diluted share for Q3 2024 was 7.33, up 27.7% from 5.74inQ32023[16]−GAAPdilutedEPSforQ2FY2025isexpectedtobeintherangeof5.74 in Q3 2023[16] - GAAP diluted EPS for Q2 FY 2025 is expected to be in the range of 7.45 +/- 0.60,andnon−GAAPdilutedEPSisexpectedtobe0.60, and non-GAAP diluted EPS is expected to be 7.75 +/- 0.60[5]CashFlowandLiquidity−Cashflowfromoperatingactivitiesforthequarterwas0.60[5] Cash Flow and Liquidity - Cash flow from operating activities for the quarter was 995.2 million, and free cash flow was 934.8million[1]−FreecashflowforQ32024was934.8 million[1] - Free cash flow for Q3 2024 was 934.85 million, up 14.6% from 815.70millioninQ32023[18]−NetcashprovidedbyoperatingactivitiesforQ32024was815.70 million in Q3 2023[18] - Net cash provided by operating activities for Q3 2024 was 995.24 million, up 12.6% from 883.74millioninQ32023[13]−CashandcashequivalentsasofSeptember30,2024,were883.74 million in Q3 2023[13] - Cash and cash equivalents as of September 30, 2024, were 1.98 billion, with total current assets of 10.23billion[10]CapitalReturnsandStockRepurchases−CapitalreturnsforQ32024totaled10.23 billion[10] Capital Returns and Stock Repurchases - Capital returns for Q3 2024 totaled 765.46 million, up 20.2% from 636.92millioninQ32023[19]−CommonstockrepurchasesforQ32024totaled636.92 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]