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Sep 30, 2022

KLA Q1 2023 Earnings Report

KLA's Q1 2023 results exceeded guidance, demonstrating consistency and unique value despite market weakness.

Key Takeaways

KLA Corporation reported Q1 fiscal year 2023 results with revenue of $2.72 billion and GAAP diluted EPS of $7.20. The company's results were above the high-end or above the midpoint of its guidance, showcasing the resilience of its business amid a challenging macroeconomic environment.

Total revenues were $2.72 billion, surpassing guidance.

GAAP diluted EPS attributable to KLA was $7.20, exceeding guidance.

Non-GAAP diluted EPS attributable to KLA was $7.06, also above guidance.

Cash flow from operating activities for the quarter was $1.01 billion.

Total Revenue
$2.72B
Previous year: $2.08B
+30.7%
EPS
$7.06
Previous year: $4.64
+52.2%
Gross Profit
$1.68B
Previous year: $1.27B
+32.5%
Cash and Equivalents
$1.82B
Previous year: $1.51B
+20.5%
Free Cash Flow
$927M
Previous year: $795M
+16.7%
Total Assets
$13.1B
Previous year: $11.1B
+17.7%

KLA

KLA

KLA Revenue by Segment

Forward Guidance

KLA anticipates total revenues between $2,650 million and $2,950 million, GAAP gross margin in the range of 59.8% to 62.0%, and GAAP diluted EPS between $5.94 and $7.34 for the second quarter of fiscal year 2023.

Revenue & Expenses

Visualization of income flow from segment revenue to net income