KLA Q2 FY2024 revenue $2.49B beat guidance; non-GAAP EPS $6.16 near upper end; Q3 outlook soft

KLA CORP

2024-Q2 EPS reported $9.69 revenue$4,883,682,000

Total revenue $2.49B above midpoint of $2.45B guidance; GAAP EPS $4.28, non-GAAP $6.16.
GAAP net income $583M vs $979M YoY, hit by $219M goodwill/intangible impairment ($1.59/diluted share).
Cash flow from operations $622M in Q2; free cash flow $545M; capital returns $635M.
Q3 FY2024 guidance: revenue $2.30B ± $125M; non-GAAP EPS $5.26 ± $0.60, below Q2 actual.
CEO says business stabilized at current levels but near-term visibility limited; customers improving.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

KLA CORP reported second quarter of fiscal year 2024 results: revenue $2.49 billion, net income $582.5 million, EPS $4.28.

Period: second quarter of fiscal year 2024
Revenue: $2.49 billion
Net income: $582.5 million
EPS: $4.28
Result: reported results

Exact text from the filing

& KLA Services Communications (408) 875-6627 michael.dulin@kla.com kevin.kessel@kla.com KLA Corporation Reports Fiscal 2024 Second Quarter Results • Total revenues were $2.49 billion, above the midpoint of the guidance range of $2.45 billion +/- $125 million; • GAAP diluted EPS attributable to KLA was $4.28. Non-GAAP diluted EPS attributable to KLA was $6.16,

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Source: SEC EDGAR

accession 0000319201-24-000003

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