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Jun 30, 2023
KLA Q4 2023 Earnings Report
KLA's Q4 2023 results exceeded expectations, driven by the strength of its portfolio and operational execution.
Key Takeaways
KLA Corporation reported Q4 FY23 revenues of $2.355 billion, GAAP EPS of $4.97, and non-GAAP EPS of $5.40, all exceeding the mid-point of guidance. The company's performance reflects the strength of its portfolio and focused operational execution in a challenging demand environment.
Total revenues for the quarter were $2.355 billion, surpassing the guidance range.
GAAP diluted EPS was $4.97, and non-GAAP diluted EPS was $5.40, both above the guidance mid-point.
Cash flow from operating activities for the quarter reached $959.1 million, with free cash flow at $880.4 million.
Capital returns for the quarter amounted to $568.3 million.
Revenue by Segment
Forward Guidance
KLA anticipates revenues of $2.35 billion +/- $125 million for Q1 2024. GAAP gross margin is expected to be 59.0% +/- 1.0%, and non-GAAP gross margin is expected to be 61.0% +/- 1.0%. GAAP diluted EPS is projected to be $5.02 +/- $0.60, while non-GAAP diluted EPS is expected to be $5.35 +/- $0.60.
Positive Outlook
- GAAP net income per diluted share is expected to be between $4.42 and $5.62.
- Acquisition-related charges are expected to contribute $0.45.
- Restructuring, severance, and other charges are expected to contribute $0.01.
- The income tax effect of non-GAAP adjustments is expected to be a deduction of $0.13.
- Non-GAAP net income per diluted share is projected to be between $4.75 and $5.95.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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