KLA Corp reported a 7% decline in total revenues to $9.81 billion for fiscal year 2024, primarily due to a broad semiconductor industry slowdown. Net income fell 18% to $2.76 billion, while gross margin remained steady at 60%. The Semiconductor Process Control segment saw a 6% revenue drop to $8.73 billion.R&D expenses decreased slightly to $1.28 billion, while SG&A expenses fell 2% to $969.5 million. The company recorded $289.5 million in goodwill and intangible asset impairment charges related to its PCB and Display businesses. KLA maintained a strong liquidity position with $4.50 billion in cash and marketable securities as of June 30, 2024.Despite industry headwinds, KLA continued to invest in innovation and returned significant capital to shareholders. The company repurchased $1.74 billion in stock and paid $773 million in dividends during fiscal 2024. Management remains focused on long-term growth drivers in the semiconductor industry, including high-performance computing, AI, and 5G technology.

KLA Corp reported a 7% decline in total revenues to $9.81 billion for fiscal year 2024, primarily due to a broad semiconductor industry slowdown. Net income fell 18% to $2.76 billion, while gross margin remained steady at 60%. The Semiconductor Process Control segment saw a 6% revenue drop to $8.73 billion.R&D expenses decreased slightly to $1.28 billion, while SG&A expenses fell 2% to $969.5 million. The company recorded $289.5 million in goodwill and intangible asset impairment charges related to its PCB and Display businesses. KLA maintained a strong liquidity position with $4.50 billion in cash and marketable securities as of June 30, 2024.Despite industry headwinds, KLA continued to invest in innovation and returned significant capital to shareholders. The company repurchased $1.74 billion in stock and paid $773 million in dividends during fiscal 2024. Management remains focused on long-term growth drivers in the semiconductor industry, including high-performance computing, AI, and 5G technology.