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Sep 30, 2021

KLA Q1 2022 Earnings Report

KLA reported strong Q1 2022 results, exceeding revenue and EPS guidance with record cash flow, demonstrating consistent execution and sustainable outperformance.

Key Takeaways

KLA Corporation announced its Q1 2022 results, with total revenues of $2.08 billion and GAAP diluted EPS of $6.96, both finishing towards the upper end of the guidance range. The company reported record cash flow from operations and free cash flow, and returned $562.5 million to shareholders through dividends and share repurchases.

Total revenues reached $2.08 billion, near the top of the projected range.

GAAP diluted EPS was $6.96, surpassing the high end of guidance, while non-GAAP diluted EPS was $4.64, also towards the upper end.

Record cash flow from operations and free cash flow were achieved, amounting to $863.8 million and $794.8 million, respectively.

Capital returns totaled $562.5 million, including $162.8 million in dividends and $399.7 million in share repurchases.

Total Revenue
$2.08B
Previous year: $1.54B
+35.4%
EPS
$4.64
Previous year: $3.03
+53.1%
Gross Profit
$1.27B
Previous year: $918M
+38.4%
Cash and Equivalents
$1.51B
Previous year: $1.22B
+24.2%
Free Cash Flow
$795M
Previous year: $456M
+74.2%
Total Assets
$11.1B
Previous year: $9.32B
+19.6%

KLA

KLA

KLA Revenue by Segment

Forward Guidance

KLA anticipates for the second quarter of fiscal 2022 ending in December total revenue between $2,225 million to $2,425 million and GAAP diluted EPS attributable to KLA is expected to be in a range of $4.69 to $5.59.

Revenue & Expenses

Visualization of income flow from segment revenue to net income