KLA Corporation Surpasses Expectations with Strong Q4 Results and Optimistic Q1 Forecast

KLA Forecasts Fiscal Q1 Revenue Above Estimates After Strong Quarter

(Reuters) - KLA Corp forecast revenue and profit for its fiscal first quarter above expectations after posting better-than-expected results for the preceding three months on Wednesday, sending its shares up 3% in after-hours trading. A surge in AI applications is driving demand for high-end chips benefiting a battery of chip producers as well as ancillary suppliers such as KLA. "We are encouraged by the early signs of a strengthening market environment for our customers at the leading edge and are increasingly confident in our plan for steady improvement throughout the remainder of this calendar year and into 2025," CEO Rick Wallace said. The chip-making equipment maker expects its current quarter revenue at $2.75 billion, plus or minus $150 million. Analysts were expecting $2.62 billion according to LSEG data. It also projected an adjusted earnings range with a mid-point of $7 per share, exceeding analysts' consensus estimate of $6.50 Milpitas, California-based KLA manufactures tools used to inspect silicon wafer discs for defects and counts major chip producers, including Taiwan Semiconductor Manufacturing Co and Samsung Electronics as its customers. TSMC, the world's largest contract chipmaker and an industry bellwether, raised its full-year revenue forecast last week, underscoring the surging demand for chips used for AI workloads. In the quarter ended June 30, KLA's revenue rose just over 9% to $2.57 billion, compared to expectations of $2.52 billion. Adjusted per share profit was at $6.60, above the expectations of $6.15. KLA, which is one of the U.S. firms facing a government curb on exports of certain technologies to China, reported that its revenue contribution from the country rose to 44% from 30% a year ago, according to the company's earnings presentation. (Reporting by Yuvraj Malik in Bengaluru; Editing by Tasim Zahid)

KLA forecasts fiscal Q1 revenue above estimates after strong quarter

July 24 (Reuters) - KLA Corp forecast revenue and profit for its fiscal first quarter above expectations after posting better-than-expected results for the preceding three months on Wednesday, sending its shares up 3% in after-hours trading. A surge in AI applications is driving demand for high-end chips benefiting a battery of chip producers as well as ancillary suppliers such as KLA. "We are encouraged by the early signs of a strengthening market environment for our customers at the leading edge and are increasingly confident in our plan for steady improvement throughout the remainder of this calendar year and into 2025," CEO Rick Wallace said. The chip-making equipment maker expects its current quarter revenue at $2.75 billion, plus or minus $150 million. Analysts were expecting $2.62 billion according to LSEG data. It also projected an adjusted earnings range with a mid-point of $7 per share, exceeding analysts' consensus estimate of $6.50 Milpitas, California-based KLA manufactures tools used to inspect silicon wafer discs for defects and counts major chip producers, including Taiwan Semiconductor Manufacturing Co and Samsung Electronics as its customers. TSMC, the world's largest contract chipmaker and an industry bellwether, raised its full-year revenue forecast last week, underscoring the surging demand for chips used for AI workloads. In the quarter ended June 30, KLA's revenue rose just over 9% to $2.57 billion, compared to expectations of $2.52 billion. Adjusted per share profit was at $6.60, above the expectations of $6.15. KLA, which is one of the U.S. firms facing a government curb on exports of certain technologies to China, reported that its revenue contribution from the country rose to 44% from 30% a year ago, according to the company's earnings presentation. (Reporting by Yuvraj Malik in Bengaluru; Editing by Tasim Zahid)

KLA forecasts fiscal Q1 revenue above estimates after strong quarter - ET Telecom

KLA Corp forecast revenue and profit for its fiscal first quarter above expectations after posting better-than-expected results for the preceding three months on Wednesday, sending its shares up 3% in after-hours trading. A surge in AI applications is driving demand for high-end chips benefiting a battery of chip producers as well as ancillary suppliers such as KLA. "We are encouraged by the early signs of a strengthening market environment for our customers at the leading edge and are increasingly confident in our plan for steady improvement throughout the remainder of this calendar year and into 2025," CEO Rick Wallace said. The chip-making equipment maker expects its current quarter revenue at $2.75 billion, plus or minus $150 million. Analysts were expecting $2.62 billion according to LSEG data. It also projected an adjusted earnings range with a mid-point of $7 per share, exceeding analysts' consensus estimate of $6.50 Milpitas, California-based KLA manufactures tools used to inspect silicon wafer discs for defects and counts major chip producers, including Taiwan Semiconductor Manufacturing Co and Samsung Electronics as its customers. TSMC, the world's largest contract chipmaker and an industry bellwether, raised its full-year revenue forecast last week, underscoring the surging demand for chips used for AI workloads. In the quarter ended June 30, KLA's revenue rose just over 9% to $2.57 billion, compared to expectations of $2.52 billion. Adjusted per share profit was at $6.60, above the expectations of $6.15. KLA, which is one of the U.S. firms facing a government curb on exports of certain technologies to China, reported that its revenue contribution from the country rose to 44% from 30% a year ago, according to the company's earnings presentation.

KLA forecasts fiscal Q1 revenue above estimates after strong quarter

The chip-making equipment maker expects its current quarter revenue at $2.75 billion, plus or minus $150 million. Analysts were expecting $2.62 billion according to LSEG data. It also projected an adjusted earnings range with a mid-point of $7 per share, exceeding analysts' consensus estimate of $6.50 Milpitas, California-based KLA manufactures tools used to inspect silicon wafer discs for defects and counts major chip producers, including Taiwan Semiconductor Manufacturing Co and Samsung Electronics as its customers. TSMC, the world's largest contract chipmaker and an industry bellwether, raised its full-year revenue forecast last week, underscoring the surging demand for chips used for AI workloads. In the quarter ended June 30, KLA's revenue rose just over 9% to $2.57 billion, compared to expectations of $2.52 billion. Adjusted per share profit was at $6.60, above the expectations of $6.15. KLA, which is one of the U.S. firms facing a government curb on exports of certain technologies to China, reported that its revenue contribution from the country rose to 44% from 30% a year ago, according to the company's earnings presentation. (Reporting by Yuvraj Malik in Bengaluru; Editing by Tasim Zahid)

KLA current quarter guidance tops consensus (NASDAQ:KLAC)

Shares of KLA (NASDAQ:KLAC) on Wednesday gained as much as 6.4% postmarket, after the semiconductor equipment maker issued current quarter revenue and profit guidance that comfortably beat expectations. KLA (KLAC) stock was last up 3.1% to $778.99 after hours. They had earlier closed 6.4% lower amid a broader market selloff. The Milpitas, Calif.-based company guided for FQ1 2025 adjusted profit per share of $7.00 (+/- $0.60) on revenue of $2.75B (+/- $150M). Analysts had been expecting earnings of $6.51 per share on revenue of $2.62B. KLA (KLAC) makes equipment for chips that power everything from computers to smartphones to cars. Its products include reticles and wafers. Reticles, also known as photomasks, are templates used in integrated circuit design and are printed upon wafers. Wafers then serve as the substrate on which chips are created. For FQ4 2024, KLA (KLAC) earned $6.60 per share on revenue of $2.57B. The consensus estimates were for earnings of $6.10 per share on revenue of $2.51B. See below a breakdown of the sales performance of the company's major products and regions: "In Foundry/Logic, the continuation of scaling and incorporation of new technologies and slowly rising capital intensity continue to be a long-term tailwind. In Memory, technology development investments supporting AI and HBM and an improving supply/demand environment are positioning memory markets for a return to growth in 2025," KLA (KLAC) top boss Rick Wallace and finance chief Bren Higgins said in a letter to shareholders. The company also said over the past 40 years, about 3K of its broadband plasma-based patterned wafer inspection systems had been installed worldwide. "AI continues to be a driver and enabler of KLA's business. In terms of driving our business, we see higher value wafer volume, more complex designs, larger die and chip sizes, and growing advanced packaging demand that can all be traced back to AI," Wallace and Higgins said. "AI is also driving the need for complex heterogenous chip integration enabled by advanced packaging. Last quarter we estimated that the KLA opportunity would reach approximately $400M in annualized revenue exiting calendar 2024. Today, we are raising that estimate to more than $500M in total advanced packaging revenue across the entire KLA portfolio based on the momentum we are experiencing," the executives added. More on KLA KLA Corp. in spotlight as Citi makes top pick; firm also moves Teradyne higher KLA Corporation: Is Positioned For A Cyclical Upswing Driven By AI KLA Corporation (KLAC) NASDAQ Investor Conference Call (Transcript) KLA Corporation (KLAC) BofA Securities 2024 Global Technology Conference (Transcript) KLAC: Hold Despite Long-Term Chip Growth Potential

KLA Non-GAAP EPS of $6.60 beats by $0.50, revenue of $2.57B beats by $60M

KLA press release (NASDAQ:KLAC): Q4 Non-GAAP EPS of $6.60 beats by $0.50. Revenue of $2.57B (+8.9% Y/Y) beats by $60M. Cash flow from operating activities for the quarter and fiscal year was $892.6 million and $3.31 billion, respectively, and free cash flow was $831.9 million and $3.03 billion, respectively; and Capital returns for the quarter and fiscal year were $667.8 million and $2.51 billion, respectively. Q1 Outlook: Total revenues are expected to be in a range of $2.75 billion +/- $150 million GAAP gross margin is expected to be in a range of 59.9% +/- 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 $6.69 +/- $0.60 Non-GAAP diluted EPS is expected to be in a range of $7.00 +/- $0.60. Shares +3.49%. More on KLA KLA Corporation: Is Positioned For A Cyclical Upswing Driven By AI KLA Corporation (KLAC) NASDAQ Investor Conference Call (Transcript) KLA Corporation (KLAC) BofA Securities 2024 Global Technology Conference (Transcript) KLA Q4 2024 Earnings Preview KLA Corp. in spotlight as Citi makes top pick; firm also moves Teradyne higher