🔹 Revenue: $3.08B (Est. $2.94B) 🟢; UP +24% YoY
🔹 EPS: $8.20 (Est. $7.75) 🟢
Q3'25 Guidance:
🔹 Revenue: $2.85B-$3.15B (Est. $2.89B) 🟡
🔹 GAAP EPS: $7.45-$8.65 (Est. $7.50) 🟢
🔹 Non-GAAP EPS: $8.05 ± $0.60
Cash Flow & Shareholder Returns:
🔹 Gross Margin: 60.6% (Non-GAAP: 62.0%)
🔹 Net Income: $1.10B (Non-GAAP); $825M (GAAP)
🔹 Operating Cash Flow: $849.5M (Est. $906.26M) 🔴
🔹 Free Cash Flow: $757.2M (Est. $710.14M) 🟢
🔹 Capital Returns: $876.9M in Q2, $2.88B over last 12 months
Strategic & Business Highlights:
🔸 AI and high-performance computing demand driving semiconductor industry growth
🔸 Leading-edge investments gaining momentum, enabling growth for KLA
🔸 Strong cash generation & disciplined capital allocation continue to drive shareholder returns
CEO Rick Wallace's Commentary:
🔸 "Despite new U.S. government export controls, KLA delivered strong Q2 results, outperforming revenue expectations. AI and high-performance computing investments continue to expand, reinforcing our strategic positioning in an evolving semiconductor landscape."
Market Insights & Outlook:
🔸 Strong demand for semiconductor process control tools, aligning with next-gen chip manufacturing trends
🔸 Growth in AI and high-performance computing presents long-term opportunities for revenue expansion
🔸 Export restrictions remain a risk, but KLA continues to execute well within constraints