KLA Corporation reported robust financial results for Q1 FY25, with revenues reaching $2.84 billion, a 19% increase year-over-year. The Semiconductor Process Control segment led growth with revenues of $2.58 billion, up 21% YoY, driven by strong demand for inspection products and increased service revenue. Net income rose to $945.9 million, with diluted EPS of $7.01.Operating performance remained strong with a gross margin of 59.6% despite mix changes. The company maintained solid operational execution with R&D investments of $323.1 million, while operating cash flow reached $995.2 million. China contributed 42% of total revenues, while North American revenues doubled to $500.9 million as customers invested in domestic semiconductor capacity.Looking ahead, KLA continues to see healthy demand for process control solutions, particularly in advanced technology nodes and AI-related investments. The company returned $768.5 million to shareholders through dividends and share repurchases, while maintaining a strong balance sheet with $4.63 billion in cash and marketable securities. Management remains focused on strategic growth initiatives while navigating evolving trade regulations affecting China operations.

KLA Corporation reported robust financial results for Q1 FY25, with revenues reaching $2.84 billion, a 19% increase year-over-year. The Semiconductor Process Control segment led growth with revenues of $2.58 billion, up 21% YoY, driven by strong demand for inspection products and increased service revenue. Net income rose to $945.9 million, with diluted EPS of $7.01.Operating performance remained strong with a gross margin of 59.6% despite mix changes. The company maintained solid operational execution with R&D investments of $323.1 million, while operating cash flow reached $995.2 million. China contributed 42% of total revenues, while North American revenues doubled to $500.9 million as customers invested in domestic semiconductor capacity.Looking ahead, KLA continues to see healthy demand for process control solutions, particularly in advanced technology nodes and AI-related investments. The company returned $768.5 million to shareholders through dividends and share repurchases, while maintaining a strong balance sheet with $4.63 billion in cash and marketable securities. Management remains focused on strategic growth initiatives while navigating evolving trade regulations affecting China operations.