KLA Q2 2022 Earnings Report
Key Takeaways
KLA Corporation reported Q2 fiscal year 2022 results with revenue of $2.35 billion, GAAP diluted EPS of $4.71, and non-GAAP diluted EPS of $5.59. The company's performance exceeded expectations, driven by the importance of its products and solutions and consistent execution.
Total revenues were $2.35 billion, above the midpoint of the range of guidance.
GAAP diluted EPS attributable to KLA was $4.71 and non-GAAP diluted EPS attributable to KLA was $5.59, each within the range of guidance.
Cash flow from operating activities and free cash flow were $810.8 million and $745.9 million, respectively.
Capital returns were $589.0 million with $159.1 million in dividends paid and $429.9 million in share repurchases.
KLA
KLA
KLA Revenue by Segment
Forward Guidance
KLA provided guidance for the third quarter of fiscal year 2022, anticipating total revenues between $2.10 billion and $2.30 billion and GAAP diluted EPS between $4.09 and $4.99.
Positive Outlook
- Total revenues between $2,100 million to $2,300 million
- GAAP gross margin is expected to be in a range of 59.5% to 61.7%
- Non-GAAP gross margin is expected to be in a range of 61.5% to 63.5%
- GAAP diluted EPS attributable to KLA is expected to be in a range of $4.09 to $4.99
- Non-GAAP diluted EPS attributable to KLA in a range of $4.35 to $5.25
Revenue & Expenses
Visualization of income flow from segment revenue to net income