Summary by Futu AI
KLA Corporation reported Q4 FY2024 revenues of $2.57B, at the upper end of guidance. GAAP EPS was $6.18 and non-GAAP EPS was $6.60, both above midpoint expectations. For the full fiscal year 2024, revenues were $9.81B with GAAP EPS of $20.28.Cash flow from operations was $892.6M for Q4 and $3.31B for FY2024. Free cash flow reached $831.9M in Q4 and $3.03B for the year. Capital returns totaled $667.8M in Q4 and $2.51B for FY2024.For Q1 FY2025, KLA projects revenues of $2.75B ±$150M, GAAP EPS of $6.69 ±$0.60, and non-GAAP EPS of $7.00 ±$0.60. The company sees early signs of strengthening market conditions at the leading edge and expects steady improvement through 2024 and into 2025.