The company benefitted from a rebound in WFE spending in calendar year 2024, which supported a 12.2% increase in its reported revenue following a 7.7% decline the prior year. KLA's revenue growth accelerated in the December quarter, rising by 23.7%, as the demand for process control equipment increased across leading-node logic, high bandwidth memory, and advanced packaging applications. We expect the market will remain healthy into 2025 but decelerate sequentially over the course of the year as customers digest the recent wave of capacity investment, the full impact of increased export controls is felt, and NAND capital spending remains weak. KLA has continued to grow faster than the broader WFE market as increasing chip complexity, larger die sizes, and the
