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Mar 31, 2022
KLA Q3 2022 Earnings Report
KLA's Q3 2022 results demonstrated strong execution, with revenue and EPS above guidance, amidst a robust demand environment and challenging supply chain.
Key Takeaways
KLA Corporation reported strong Q3 fiscal year 2022 results, with revenue at $2.29 billion, GAAP diluted EPS at $4.83, and non-GAAP diluted EPS at $5.13. The company generated $818.9 million in cash flow from operating activities and $718.6 million in free cash flow, and returned $723.7 million to shareholders through dividends and share repurchases.
Total revenues were $2.29 billion, towards the high-end of the range of guidance.
GAAP diluted EPS attributable to KLA was $4.83 and non-GAAP diluted EPS attributable to KLA was $5.13, each above the midpoint of the ranges of guidance.
Cash flow from operating activities and free cash flow were $818.9 million and $718.6 million, respectively.
Capital returns were $723.7 million with $159.0 million in dividends paid and $564.7 million in share repurchases.
KLA
KLA
KLA Revenue by Segment
Revenue by Segment
Semiconductor Control Revenue
CapyFin.comSpecialty Semi Process Revenue
CapyFin.comPCB & Component Inspect Revenue
CapyFin.com Forward Guidance
KLA provides guidance for the fourth quarter of fiscal year 2022 ending in June, with total revenues between $2,300 million to $2,550 million and GAAP diluted EPS attributable to KLA expected to be in a range of $4.60 to $5.70.
Positive Outlook
- Total revenues between $2,300 million to $2,550 million
- GAAP gross margin is expected to be in a range of 59.5% to 61.7%
- Non-GAAP gross margin is expected to be in a range of 61.5% to 63.5%
- GAAP diluted EPS attributable to KLA is expected to be in a range of $4.60 to $5.70
- Non-GAAP diluted EPS attributable to KLA in a range of $4.93 to $6.03
Revenue & Expenses
Visualization of income flow from segment revenue to net income