KLA Q3 2024 Earnings Report
Key Takeaways
KLA Corporation reported Q3 fiscal year 2024 results with revenue of $2.36 billion, above the midpoint of the guidance range. GAAP diluted EPS was $4.43 and non-GAAP diluted EPS was $5.26, both near the upper end of the adjusted guidance ranges. Market conditions have stabilized, and business levels are expected to improve throughout the year.
Total revenues were $2.36 billion, exceeding the midpoint of guidance.
GAAP diluted EPS was $4.43, and non-GAAP diluted EPS was $5.26, both near the high end of guidance.
Cash flow from operating activities was $910.0 million, and free cash flow was $838.2 million.
Capital returns for the quarter totaled $569.4 million.
KLA
KLA
KLA Revenue by Segment
Forward Guidance
For the fourth quarter of fiscal 2024 ending in June, KLA expects total revenues to be in a range of $2.50 billion +/- $125 million and GAAP diluted EPS to be in a range of $5.66 +/- $0.60.
Positive Outlook
- Total revenues is expected to be in a range of $2.50 billion +/- $125 million
- GAAP gross margin is expected to be in a range of 59.5% +/- 1.0%
- Non-GAAP gross margin is expected to be in a range of 61.5% +/- 1.0%
- GAAP diluted EPS is expected to be in a range of $5.66 +/- $0.60
- Non-GAAP diluted EPS is expected to be in a range of $6.07 +/- $0.60
Revenue & Expenses
Visualization of income flow from segment revenue to net income