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Sep 30, 2020

KLA Q1 2021 Earnings Report

KLA reported Q1 2021 results, with revenue near the high-end of guidance and broad strength across segments.

Key Takeaways

KLA Corporation announced its Q1 fiscal year 2021 results, with revenue of $1.54 billion and GAAP EPS of $2.69, both near the high-end of guidance. The company saw broad, diversified strength across its segments, with Semiconductor Process Control performing strongly. KLA ended the quarter with a strong backlog.

Total revenue was $1.54 billion, finishing near the high-end of guidance.

GAAP EPS was $2.69, and non-GAAP EPS was $3.03, each also finishing near the high-end of guidance.

Cash flow from operations was $512 million and free cash flow was $456 million.

Paid $141 million in dividends and repurchased $188 million in common stock.

Total Revenue
$1.54B
Previous year: $1.41B
+8.9%
EPS
$3.03
Previous year: $2.48
+22.2%
Gross Profit
$918M
Previous year: $809M
+13.5%
Cash and Equivalents
$1.22B
Previous year: $988M
+23.0%
Free Cash Flow
$456M
Previous year: $464M
-1.6%
Total Assets
$9.32B
Previous year: $9.23B
+1.0%

KLA

KLA

KLA Revenue by Segment

Forward Guidance

KLA provides guidance for the second quarter of fiscal 2021 ending in December.

Positive Outlook

  • Total revenue between $1,510 million to $1,660 million
  • GAAP diluted EPS attributable to KLA is expected to be in a range of $2.59 to $3.23
  • Non-GAAP diluted EPS attributable to KLA in a range of $2.82 to $3.46

Revenue & Expenses

Visualization of income flow from segment revenue to net income