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KLA Corporation Reports Fiscal 2023 Third Quarter Results
April 28, 2023 | KLAEstimated reading time: 1 minute
KLA Corporation announced financial and operating results for its third quarter of fiscal year 2023, which ended on March 31, 2023, and reported GAAP net income of $697.8 million and GAAP earnings per diluted share of $5.03 on revenue of $2.43 billion.
"The March quarter delivered revenue, GAAP and non-GAAP earnings per share above the midpoint of the guidance ranges, reflecting solid execution in a challenging industry environment," said Rick Wallace, president and CEO of KLA Corporation. "In addition, KLA's customer focus and product portfolio strategy has been validated by recently published Wafer Fab Equipment ("WFE") industry analysis for calendar year 2022 that shows increased market leadership in the process control market. This performance reinforces the strength of the KLA Operating Model and the value of KLA to our customers' fab productivity and technology roadmaps."
Fourth Quarter Fiscal 2023 Guidance
The following details our guidance for the fourth quarter of fiscal 2023 ending in June:
- Total revenues is expected to be between $2,125 million to $2,375 million
- 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
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