KLA(US:KLAC)2024-04-26 02:16Financial Performance - Q3 Fiscal 2024 - Revenue reached $2.36 billion, a decrease of 3% year-over-year and 5% quarter-over-quarter[22, 26] - GAAP diluted EPS was $4.43[8] - Non-GAAP diluted EPS was $5.26[78] - The company generated $838 million in free cash flow, representing a 36% free cash flow margin[38, 108] - Free Cash Flow conversion was 117%[38] Capital Allocation - The company paid $197 million in dividends and repurchased $372 million in shares during the March quarter[49] - LTM (Last Twelve Months) dividends paid totaled $755 million, and share buybacks amounted to $1.654 billion[38] - The company announced a 12% increase in the annual dividend to $1.45 per share, marking the 14th consecutive annual increase[107] Market Position - The company maintained a market share exceeding 56% in the process control market in 2023, leading the nearest competitor by over 4x[76] - In 2023, the company maintained over 85% market share in critical markets of Optical Inspection and Unpatterned Inspection and over 66% market share in Overlay Metrology[20] - The company gained market share in the Advanced Wafer Level Packaging (AWLP) Process Control market for the 5th consecutive year and nearly doubled market share from 2022 to 2023[94] Q4 FY2024 Guidance - Revenue is projected to be $2.5 billion, with a variance of plus or minus $125 million[50] - GAAP diluted EPS is expected to be $5.66, plus or minus $0.60[73] - Non-GAAP diluted EPS is projected to be $6.07, with a variance of plus or minus $0.60[62] - Non-GAAP Gross Margin is expected to be 61.5%, with a variance of plus or minus 1%[50]