Core Insights - KLA Corporation reported strong financial results for the fourth quarter and fiscal year ended June 30, 2025, with a GAAP net income of $1.20 billion and total revenues of $3.175 billion for the quarter, and a fiscal year net income of $4.06 billion on revenues of $12.16 billion [1][2][3]. Financial Performance - For Q4 FY 2025, total revenues were $3,175 million, an increase from $3,063 million in Q3 FY 2025 and $2,569 million in Q4 FY 2024 [3]. - GAAP net income for Q4 FY 2025 was $1,203 million, compared to $1,088 million in Q3 FY 2025 and $836 million in Q4 FY 2024 [3]. - GAAP diluted earnings per share (EPS) for Q4 FY 2025 was $9.06, up from $8.16 in Q3 FY 2025 and $6.18 in Q4 FY 2024 [3]. - Non-GAAP net income for Q4 FY 2025 was $1,244 million, with a non-GAAP diluted EPS of $9.38, both showing significant increases from the previous year [4][16]. Cash Flow and Capital Returns - KLA generated record quarterly free cash flow of $1.06 billion for Q4 FY 2025, contributing to a total free cash flow of $3.75 billion for the fiscal year [8][16]. - Capital returns for Q4 FY 2025 amounted to $679.7 million, with total capital returns for the fiscal year reaching $3.05 billion [8][16]. Segment Performance - The Semiconductor Process Control segment generated revenues of $2,877,647 thousand for Q4 FY 2025, up from $2,307,994 thousand in Q4 FY 2024 [15]. - Specialty Semiconductor Process and PCB and Component Inspection segments also showed growth, contributing to the overall revenue increase [15]. Guidance for Future Performance - For the first quarter of fiscal 2026, KLA expects total revenues to be in the range of $3.15 billion +/- $150 million, with GAAP diluted EPS projected between $8.28 and $9.05 [9][18].