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Mar 31, 2023
KLA Q3 2023 Earnings Report
Revenue and EPS exceeded guidance midpoint due to solid execution in a challenging industry environment.
Key Takeaways
KLA Corporation reported Q3 fiscal year 2023 results with revenue of $2.43 billion and GAAP EPS of $5.03, both above the midpoint of guidance. The company also saw increased market leadership in the process control market, validating its customer focus and product portfolio strategy.
Total revenues were $2.43 billion, above the midpoint of the guidance range.
GAAP diluted EPS was $5.03 and non-GAAP diluted EPS was $5.49, each finishing above the midpoint of the respective guidance ranges.
Cash flow from operating activities and free cash flow were $1,010.9 million and $925.9 million, respectively.
Capital returns were $659.0 million, split between dividends paid and 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
For the fourth quarter of fiscal 2023 ending in June, KLA expects total revenues between $2,125 million and $2,375 million, GAAP diluted EPS in the range of $3.87 to $5.07, and non-GAAP diluted EPS in the range of $4.23 to $5.43.
Positive Outlook
- GAAP gross margin is expected to be in a range of 57.58% to 59.85%
- Non-GAAP gross margin is expected to be in a range of 59.75% to 61.75%
- GAAP diluted EPS is expected to be in a range of $3.87 to $5.07
- Non-GAAP diluted EPS is expected to be in a range of $4.23 to $5.43
Revenue & Expenses
Visualization of income flow from segment revenue to net income