KLA Q2 2025 Earnings Report
Key Takeaways
KLA Corporation announced its Q2 Fiscal Year 2025 results, with revenues of $3.08 billion and GAAP net income per diluted share of $6.16. The company's performance was above the midpoint of its guidance, driven by growth in leading-edge technologies and strong profitability, despite the impact of new U.S. government export controls.
Total revenues reached $3.08 billion, hitting the upper end of the guidance range.
GAAP diluted EPS was reported at $6.16, impacted by a $239.1 million impairment charge.
Non-GAAP diluted EPS was $8.20, near the upper end of the guidance range.
Cash flow from operating activities was $849.5 million, and free cash flow was $757.2 million for the quarter.
KLA
KLA
KLA Revenue by Segment
Forward Guidance
KLA anticipates total revenues to be in the range of $3.0 billion +/- $150 million, GAAP gross margin to be in the range of 60.6% +/- 1.0%, Non-GAAP gross margin to be in the range of 62.0% +/- 1.0%, GAAP diluted EPS to be in the range of $7.77 +/- $0.60 and Non-GAAP diluted EPS to be in the range of $8.05 +/- $0.60 for the third quarter of fiscal year 2025.
Positive Outlook
- GAAP net income per diluted share is expected to be $7.17 to $8.37.
- Acquisition-related charges are expected to be $0.40.
- Restructuring, severance and other charges are expected to be $0.02.
- Income tax effect of non-GAAP adjustments is expected to be negative $0.14.
- Non-GAAP net income per diluted share is expected to be $7.45 to $8.65.
Revenue & Expenses
Visualization of income flow from segment revenue to net income