KLA Corp Q1 2024 Earnings Call Summary - Thomson StreetEvents

KLA Corp Q1 2024 Earnings Call Summary

KLA Corp Q1 2024 Earnings Call Summary - Thomson StreetEvents
KLA Corp Q1 2024 Earnings Call Summary
Published Oct 25, 2023
18 pages (10535 words) — Published Oct 25, 2023
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of KLAC.OQ earnings conference call or presentation 25-Oct-23 9:00pm GMT

  
Brief Excerpt:

...A. Specifically, revenue of $2.4 billion finished at the upper end of the guidance range. B. GAAP EPS was $5.41 and non-GAAP EPS was $5.74. C. Both also finishing at the upper end of the respective guidance ranges. D. KLA continues to outperform the industry on a relative basis because customer investment in R&D for technology advancement and transition has proven to be more resilient to market pressures. E. If we look at some specific highlights in the quarter, revenue was driven by strength in legacy node investment globally and industry infrastructure investment. F. KLA Service business grew both sequentially and year-over-year, ending at $560 million in the September quarter and remains on track for high single-digit percent year-over-year growth in 2023. G. Finally, the September quarter was another excellent period from the cash flow and capital returns perspective, quarterly free cash flow was $816 million, which drove the last 12 months free cash flow up 3% year-over-year to $3.2...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
KLA Corp
Ticker
KLAC.OQ
Time
9:00pm GMT
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
Thomson StreetEvents. "KLA Corp Q1 2024 Earnings Call Summary" Oct 25, 2023. Alacra Store. May 15, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2024-KLA-Corp-Earnings-Call-B15763657>
  
APA:
Thomson StreetEvents. (2023). KLA Corp Q1 2024 Earnings Call Summary Oct 25, 2023. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2024-KLA-Corp-Earnings-Call-B15763657>
  
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