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"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."
GAAP Results | |||
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| Q1 FY 2024 | Q4 FY 2023 | Q1 FY 2023 |
Total Revenue | $2,397 million | $2,355 million | $2,724 million |
Net Income Attributable to KLA | $741 million | $685 million | $1,026 million |
Net Income per Diluted Share Attributable to KLA | $5.41 | $4.97 | $7.20 |
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Non-GAAP Results | |||
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| Q1 FY 2024 | Q4 FY 2023 | Q1 FY 2023 |
Net Income Attributable to KLA | $786 million | $743 million | $1,007 million |
Net Income per Diluted Share Attributable to KLA | $5.74 | $5.40 | $7.06 |
A reconciliation between GAAP operating results and non-GAAP operating results is provided following the financial statements included in this release. KLA will discuss the results for its fiscal year 2024 first quarter, along with its outlook, on a conference call today beginning at 2 p.m. Pacific Time. A webcast of the call will be available at: www.kla.com.
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
For additional details and assumptions underlying our guidance metrics, please see the company's published Letter to Shareholders, Earnings Slide Presentation and Earnings Infographic on the KLA investor relations website. Such Letter to Shareholders, Earnings Slide Presentation and Earnings Infographic are not incorporated by reference into this earnings release.
