KLA Tops Q1 Guidance Midpoints; Q2 Revenue Outlook Set at $4.7B
KLAC sits 54% above its 52-week low of $107.196.
Summary
KLA reported fiscal Q1 revenue of $4.14 billion and non-GAAP EPS of $1.22, both above guidance midpoints, and guided fiscal Q2 revenue to $4.7 billion +/- $200 million.
Key Events · Earnings and Guidance · KLAC
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Q1 Results Beat Guidance Midpoints
Total revenues came in at $4.14 billion against a $4.0 billion +/- $200 million guidance range, and non-GAAP diluted EPS was $1.22 versus the guided midpoint.
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Q2 Revenue Guided to $4.7 Billion
Fiscal Q2 revenue guidance of $4.7 billion +/- $200 million implies roughly 14% sequential growth from the $4.14 billion just reported (4.7/4.136 = 1.136).
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Margins and EPS Outlook
For Q2, non-GAAP gross margin is guided to 62.5% +/- 1.0% and non-GAAP diluted EPS to $1.44 +/- $0.11, versus $1.22 reported in Q1.
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Cash Generation and Capital Returns
Q1 operating cash flow was $1.53 billion and free cash flow $1.34 billion; capital returns totaled $1.24 billion, including $935.8 million of buybacks and $305.1 million of dividends.
Analysis · KLAC · Industrial Applications And Services
Every key metric in KLA's September quarter landed above the midpoint of guidance, with revenue of $4.14 billion and non-GAAP EPS of $1.22. The December-quarter outlook calls for revenue of $4.7 billion +/- $200 million, a meaningful step up from the $4.14 billion just reported that points to accelerating AI-driven process-control demand rather than a plateau. Cash backs the beat: the quarter generated $1.34 billion of free cash flow and $1.24 billion of capital returns, so this is not an accounting story. What matters now is whether the guided ramp holds. The Q2 revenue midpoint implies roughly 14% sequential growth, and any shortfall against that would undercut the growth narrative the stock is priced on.
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At the time of this filing, KLAC was trading at $164.90 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $207.2B. The 52-week trading range was $107.20 to $307.37. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.