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Dec 31, 2020

KLA Q2 2021 Earnings Report

KLA's Q2 2021 results demonstrated strong demand, exceptional execution, and the strength of its operating model.

Key Takeaways

KLA Corporation reported total revenues of $1.65 billion, GAAP diluted EPS of $2.94, and non-GAAP diluted EPS of $3.24 for Q2 2021. The company also generated record free cash flow of $501.9 million while continuing its commitment to capital returns to shareholders.

Total revenues were $1.65 billion, finishing near the high-end of guidance.

GAAP diluted EPS attributable to KLA was $2.94, and non-GAAP diluted EPS attributable to KLA was $3.24, each also finishing above the mid-point of guidance.

Cash flow from operations and free cash flow were both records at $561.1 million and $501.9 million, respectively.

Capital return was $317.1 million with $139.6 million in dividends and $177.5 million in share repurchases.

Total Revenue
$1.65B
Previous year: $1.51B
+9.4%
EPS
$3.24
Previous year: $2.66
+21.8%
Gross Profit
$981M
Previous year: $876M
+12.0%
Cash and Equivalents
$1.43B
Previous year: $940M
+52.3%
Free Cash Flow
$502M
Previous year: $353M
+42.2%
Total Assets
$9.81B
Previous year: $9.25B
+6.1%

KLA

KLA

KLA Revenue by Segment

Forward Guidance

The following details our guidance for the third quarter of fiscal 2021 ending in March:

Positive Outlook

  • Total revenue between $1,665 million to $1,815 million
  • GAAP diluted EPS attributable to KLA is expected to be in a range of $2.98 to $3.66
  • Non-GAAP diluted EPS attributable to KLA in a range of $3.23 to $3.91

Revenue & Expenses

Visualization of income flow from segment revenue to net income