KLA Corp reported robust financial results for Q1 FY25, with revenue increasing 19% year-over-year to $2.84 billion. Net income rose to $945.9 million, up from $741.4 million in Q1 FY24. The company's Semiconductor Process Control segment drove growth, with revenues up 21% to $2.58 billion.Product revenues surged 20% to $2.20 billion, driven by strong demand for inspection products and growth in the advanced packaging market. Service revenues grew 15% to $644.2 million due to an expanding installed base. Geographically, China remained the largest market, accounting for 42% of total revenues, while North America saw significant growth.KLA maintained a strong financial position with $4.63 billion in cash and marketable securities. The company continued its capital return program, paying $198.1 million in dividends and repurchasing $567.4 million in stock during the quarter. Despite some customer postponements of capacity expansion plans, KLA expects its liquidity to be sufficient for working capital needs and other obligations for at least the next 12 months.

KLA Corp reported robust financial results for Q1 FY25, with revenue increasing 19% year-over-year to $2.84 billion. Net income rose to $945.9 million, up from $741.4 million in Q1 FY24. The company's Semiconductor Process Control segment drove growth, with revenues up 21% to $2.58 billion.Product revenues surged 20% to $2.20 billion, driven by strong demand for inspection products and growth in the advanced packaging market. Service revenues grew 15% to $644.2 million due to an expanding installed base. Geographically, China remained the largest market, accounting for 42% of total revenues, while North America saw significant growth.KLA maintained a strong financial position with $4.63 billion in cash and marketable securities. The company continued its capital return program, paying $198.1 million in dividends and repurchasing $567.4 million in stock during the quarter. Despite some customer postponements of capacity expansion plans, KLA expects its liquidity to be sufficient for working capital needs and other obligations for at least the next 12 months.