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Mar 31, 2020
KLA Q3 2020 Earnings Report
KLA delivered solid results, demonstrating strong demand for products and services coupled with exceptional execution.
Key Takeaways
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.