KLA Corporation reported robust financial results for Q1 FY2025, with revenues of $2.84 billion exceeding guidance. GAAP EPS reached $7.01, while non-GAAP EPS hit $7.33, both near the upper end of guidance ranges. The company generated $995.2 million in operating cash flow and returned $765.5 million to shareholders through dividends and share repurchases.Despite near-term challenges for some customers, KLA remains optimistic about continued semiconductor market growth in Q4 2024 and into 2025. The company's industry-leading portfolio and operational execution position it well to support customer investments, particularly in AI and high-performance computing applications.For Q2 FY2025, KLA projects revenues of $2.95 billion ±$150 million, with GAAP EPS expected at $7.45 ±$0.60 and non-GAAP EPS at $7.75 ±$0.60. The company anticipates GAAP gross margin of 60.0% ±1.0% and non-GAAP gross margin of 61.5% ±1.0%.

KLA Corporation reported robust financial results for Q1 FY2025, with revenues of $2.84 billion exceeding guidance. GAAP EPS reached $7.01, while non-GAAP EPS hit $7.33, both near the upper end of guidance ranges. The company generated $995.2 million in operating cash flow and returned $765.5 million to shareholders through dividends and share repurchases.Despite near-term challenges for some customers, KLA remains optimistic about continued semiconductor market growth in Q4 2024 and into 2025. The company's industry-leading portfolio and operational execution position it well to support customer investments, particularly in AI and high-performance computing applications.For Q2 FY2025, KLA projects revenues of $2.95 billion ±$150 million, with GAAP EPS expected at $7.45 ±$0.60 and non-GAAP EPS at $7.75 ±$0.60. The company anticipates GAAP gross margin of 60.0% ±1.0% and non-GAAP gross margin of 61.5% ±1.0%.