KLA Q3 2021 Earnings Report
Key Takeaways
KLA Corporation announced strong Q3 fiscal year 2021 results, with revenue of $1.80 billion and GAAP net income of $567 million, driven by secular demand trends across semiconductor markets. The company also reported record free cash flow and continued its capital allocation strategy.
Total revenues were $1.80 billion, finishing at the upper end of the range of guidance.
GAAP diluted EPS attributable to KLA was $3.66, and non-GAAP diluted EPS attributable to KLA was $3.85, each also finishing at the upper end of the range of guidance.
Cash flow from operations and free cash flow were both records at $646.2 million and $585.0 million, respectively.
Capital return was $412.7 million with $139.3 million in dividends and $273.4 million in share repurchases.
KLA
KLA
KLA Revenue by Segment
Forward Guidance
KLA provides guidance for Q4 fiscal year 2021 ending in June, with total revenue expected between $1,755 million and $1,955 million, GAAP gross margin between 58% and 61%, non-GAAP gross margin between 61% and 63%, GAAP diluted EPS between $3.20 and $4.08, and non-GAAP diluted EPS between $3.47 and $4.35.
Revenue & Expenses
Visualization of income flow from segment revenue to net income