KLA Reports Fiscal 2024 First Quarter Results

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KLA Corporation announced financial and operating results for its first quarter of fiscal year 2024, which ended on Sept. 30, 2023, and reported GAAP net income of $741.4 million and GAAP earnings per diluted share of $5.41 on revenue of $2.40 billion.

"KLA's September quarter results were at the high-end or above the midpoint of the guidance ranges for revenue and earnings per share, demonstrating the strength of KLA's market leadership and operational execution, while also delivering solid free cash flow generation," said Rick Wallace, president and CEO, KLA Corporation. "Despite the challenging market conditions, our continued strong performance highlights the relative value of KLA products and services to our customers, the resiliency of the KLA Operating Model and our commitment to delivering long-term value to all stakeholders."

Second Quarter Fiscal 2024 Guidance

• The following details our guidance for the second quarter of fiscal 2024 ending in Dec.:
• Total revenues is expected to be in a range of $2.45 billion +/- $125 million
• GAAP gross margin is expected to be in a range of 59.6% +/- 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 $5.54 +/- $0.60
• Non-GAAP diluted EPS is expected to be in a range of $5.86 +/- $0.60