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Dec 31, 2022

KLA Q2 2023 Earnings Report

KLA reported strong growth and profitability, navigating marketplace volatility and supply chain challenges.

Key Takeaways

KLA Corporation announced its financial results for the second quarter of fiscal year 2023, with total revenues of $2.98 billion, GAAP diluted EPS of $6.89, and non-GAAP diluted EPS of $7.38. The company generated $688.3 million in cash flow from operating activities and $594.6 million in free cash flow. KLA returned $539.2 million to stockholders through dividends and share repurchases.

Total revenues were $2.98 billion, exceeding the guidance range.

GAAP diluted EPS was $6.89, and non-GAAP diluted EPS was $7.38, both within guidance.

Cash flow from operating activities was $688.3 million, and free cash flow was $594.6 million.

Capital returns totaled $539.2 million, including dividends and share repurchases.

Total Revenue
$2.98B
Previous year: $2.35B
+26.8%
EPS
$7.38
Previous year: $5.59
+32.0%
Gross Profit
$1.78B
Previous year: $1.44B
+22.9%
Cash and Equivalents
$1.57B
Previous year: $1.66B
-5.2%
Free Cash Flow
$595M
Previous year: $746M
-20.3%
Total Assets
$13.7B
Previous year: $11.7B
+17.5%

KLA

KLA

KLA Revenue by Segment

Forward Guidance

For the third quarter of fiscal 2023, KLA expects total revenues between $2.20 billion and $2.50 billion, GAAP diluted EPS between $4.06 and $5.46, and non-GAAP diluted EPS between $4.52 and $5.92.