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Sep 30, 2023
KLA Q1 2024 Earnings Report
KLA's Q1 2024 results demonstrated market leadership and operational execution, delivering solid free cash flow generation.
Key Takeaways
KLA Corporation reported Q1 Fiscal Year 2024 results with revenue of $2.40 billion and GAAP EPS of $5.41, both at the high end of guidance. The company highlighted its strong performance despite challenging market conditions, attributing it to the value of KLA's products and services and the resilience of its operating model.
Total revenues were $2.40 billion, at the upper end of the guidance range.
GAAP diluted EPS attributable to KLA was $5.41, finishing at the upper end of the guidance ranges.
Non-GAAP diluted EPS attributable to KLA was $5.74, finishing at the upper end of the guidance ranges.
Cash flow from operating activities for the quarter was $883.7 million, and free cash flow was $815.7 million.
KLA
KLA
KLA Revenue by Segment
Revenue by Segment
Semiconductor Control Revenue
CapyFin.comSpecialty Semi Process Revenue
CapyFin.comPCB & Component Inspect Revenue
CapyFin.com Forward Guidance
KLA provides guidance for the second quarter of fiscal year 2024 ending in December, with expected revenues between $2.325 billion and $2.575 billion and GAAP EPS between $4.94 and $6.14.
Positive Outlook
- Total revenues is expected to be in a range of $2.45 billion +/- $125 million
- GAAP gross margin is expected to be in a range of 59.6% +/- 1.0%
- Non-GAAP gross margin is expected to be in a range of 61.5% +/- 1.0%
- GAAP diluted EPS is expected to be in a range of $5.54 +/- $0.60
- Non-GAAP diluted EPS is expected to be in a range of $5.86 +/- $0.60
Revenue & Expenses
Visualization of income flow from segment revenue to net income