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KLA Corporation reported solid results for Q3 2020, with revenue of $1.42 billion and non-GAAP EPS of $2.47. GAAP EPS was $0.50, impacted by a goodwill impairment charge related to the acquisition of Orbotech.
Record shipments for the quarter were driven by record demand in the Semiconductor Process Control segment.
Quarterly Revenue of $1.42 billion finished at the midpoint of original guidance, and featured record quarterly Service revenue.
GAAP EPS was $0.50, and non-GAAP EPS finished above the midpoint of the range of guidance at $2.47.
GAAP EPS was impacted by a $256.6 million goodwill impairment charge related to the acquisition of Orbotech, or $1.63 per share after taxes.