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Dec 31, 2023
KLA Q2 2024 Earnings Report
KLA's Q2 2024 results exceeded expectations, driven by strong margins and free cash flow amidst a soft market.
Key Takeaways
KLA Corporation announced its financial results for the second quarter of fiscal year 2024, with total revenues of $2.49 billion, above the midpoint of the guidance range. GAAP diluted EPS was $4.28, while non-GAAP diluted EPS was $6.16, near the upper end of the guidance range. The company reported GAAP net income of $582.5 million.
Total revenues were $2.49 billion, exceeding the midpoint of the guidance range.
GAAP diluted EPS was $4.28, impacted by a $219.0 million impairment charge.
Non-GAAP diluted EPS was $6.16, near the upper end of the guidance range.
Cash flow from operating activities was $622.2 million, and free cash flow was $545.4 million.
Revenue by Segment
Forward Guidance
KLA anticipates total revenues to be in the range of $2.30 billion +/- $125 million for Q3 2024. GAAP diluted EPS is expected to be $4.93 +/- $0.60, and non-GAAP diluted EPS is expected to be $5.26 +/- $0.60.
Positive Outlook
- GAAP gross margin is expected to be in a range of 59.4% +/- 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 $4.93 +/- $0.60.
- Non-GAAP diluted EPS is expected to be in a range of $5.26 +/- $0.60.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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