---
schema_version: "secwatch.filing_event.v1"
accession: "0000319201-23-000016"
form_type: "8-K"
ticker: "KLAC"
cik: "0000319201"
company_name: "KLA CORP"
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T13:56:36.756242+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# KLA beats Q3 FY2023 guidance; revenue $2.43B, EPS $5.03/$5.49; Q4 guidance below Q3

## Summary
- Q3 revenue $2.43B (above $2.20-2.50B guidance); GAAP EPS $5.03, non-GAAP $5.49 (above respective midpoints).
- GAAP net income $698M; non-GAAP net income $761M; operating cash flow $1.01B, free cash flow $926M.
- Capital returns totaled $659M: $181M dividends, $478M share repurchases.
- Q4 FY2023 guidance: revenue $2.125-2.375B, non-GAAP EPS $4.23-$5.43, implying sequential decline.
- CEO cites solid execution and increased market leadership in process control per 2022 WFE analysis.

## SEC filing metadata
- accession: 0000319201-23-000016
- form_type: 8-K
- ticker: KLAC
- cik: 0000319201
- company_name: KLA CORP
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/319201/000031920123000016/0000319201-23-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/319201/000031920123000016/klac-20230426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000319201-23-000016
- JSON: https://secwatch.observer/filing/0000319201-23-000016.json
- Plain text: https://secwatch.observer/filing/0000319201-23-000016.txt

## Key facts
- Earnings Releases
  KLA CORP reported third quarter of fiscal year 2023 ended March 31, 2023 results: revenue $2.43 billion, net income $698 million, EPS $5.03.
  - Period: third quarter of fiscal year 2023 ended March 31, 2023
  - Revenue: $2.43 billion
  - Net income: $698 million
  - EPS: $5.03
  - Result: reported results
  source text: KLA Corporation (NASDAQ: KLAC) today announced financial and operating results for its third quarter of fiscal year 2023, which ended on March 31, 2023, and reported GAAP net income of $697.8 million and GAAP earnings per diluted share of $5.03 on revenue of $2.43 billion.
  evidence_url: https://www.sec.gov/Archives/edgar/data/319201/000031920123000016/0000319201-23-000016-index.htm
- Earnings Releases
  KLA CORP reported fourth quarter of fiscal 2023 ending in June results: revenue $2,125 million to $2,375 million, EPS $3.87 to $5.07.
  - Period: fourth quarter of fiscal 2023 ending in June
  - Revenue: $2,125 million to $2,375 million
  - EPS: $3.87 to $5.07
  - Result: guidance update
  source text: The following details our guidance for the fourth quarter of fiscal 2023 ending in June: • Total revenues is expected to be between $2,125 million to $2,375 million • GAAP gross margin is expected to be in a range of 57.58% to 59.85% • Non-GAAP gross margin is expected to be in a range of 59.75% to 61.75% • GAAP diluted EPS is expected to be in a range of $3.87 to $5.07 • Non-GAAP diluted EPS is expected to be in a range of $4.23 to $5.43
  evidence_url: https://www.sec.gov/Archives/edgar/data/319201/000031920123000016/0000319201-23-000016-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.