NASDAQ$KLAC

KLA Corp · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

KLA reported Q1 2021 results, with revenue near the high-end of guidance and broad strength across segments.

KLA Corporation announced its Q1 fiscal year 2021 results, with revenue of $1.54 billion and GAAP EPS of $2.69, both near the high-end of guidance. The company saw broad, diversified strength across its segments, with Semiconductor Process Control performing strongly. KLA ended the quarter with a strong backlog.

  • Total revenue was $1.54 billion, finishing near the high-end of guidance.
  • GAAP EPS was $2.69, and non-GAAP EPS was $3.03, each also finishing near the high-end of guidance.
  • Cash flow from operations was $512 million and free cash flow was $456 million.
  • Paid $141 million in dividends and repurchased $188 million in common stock.

Headline financials

Total Revenue

$1.54B

Previous: $1.41B+8.9%
EPS (adj)

$3.03

Previous: $2.48+22.2%
Capital Expenditures

-$55.9M

Previous: -$32.6M-71.7%
Free Cash Flow

$365M

Previous: $314M+16.1%
Net Income

$421M

Previous: $347M+21.4%
Operating Income

-$1.07B

Previous: -$1.06B-0.7%
Gross Profit

$918M

Previous: $809M+13.5%
Cash & Equivalents

$1.22B

Previous: $988M+23.0%
Total Assets

$9.32B

Previous: $9.23B+1.0%
Stock-Based Comp

$27M

Previous: $26.9M+0.2%

Revenue & EPS history

KLA · Revenue · Quarterly

$1.54B

Q1 2021+8.9%vs Q1 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

KLA · $1.54B total across 3 segments · Q1 2021

  • Semiconductor Process
    $1.27B
  • PCB & Component
    $181M
  • Specialty Semi Process
    $89M

Forward guidance

KLA provides guidance for the second quarter of fiscal 2021 ending in December.

Tailwinds

  • Total revenue between $1,510 million to $1,660 million
  • GAAP diluted EPS attributable to KLA is expected to be in a range of $2.59 to $3.23
  • Non-GAAP diluted EPS attributable to KLA in a range of $2.82 to $3.46

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.6%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+5.1%

Avg return

30 days after

55%

37 / 67 earnings

Positive

+11.6%

Q4 2023

Best reaction

-9.0%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+6.2%-4.6%+5.7%
Q2 2026-8.1%-22.4%-9.5%
Q1 2026-0.9%-3.4%-4.8%
Q3 2025-3.8%-3.3%+7.7%
Q2 2025-0.6%+2.3%-4.5%
Q1 2025-4.3%-4.7%-7.1%
Q4 2024-5.6%-3.6%+1.3%
Q3 2024+7.6%+5.0%+18.7%
Q2 2024-6.1%-6.8%+4.8%
Q1 2024-2.6%-2.3%+18.2%
Q4 2023+11.6%+12.3%+5.2%
Q3 2023+7.5%+7.5%+28.9%
Q2 2023-5.5%-7.1%-10.1%
Q1 2023+1.3%+3.8%+24.6%
Q4 2022+6.2%+6.0%-0.5%
Q3 2022+1.4%+6.1%+17.9%
Q2 2022-3.7%+2.0%-6.0%
Q1 2022+3.9%+11.2%+16.7%
Q4 2021+10.3%+9.9%+8.7%
Q3 2021-2.9%-5.2%-2.4%
Q2 2021-1.5%+1.2%-1.0%
Q1 2021+1.7%+1.8%+28.0%
Q4 2020+2.5%+1.5%+7.9%
Q3 2020+7.8%+12.8%+22.6%
Q2 2020+0.8%-2.8%-7.8%
Q1 2020-0.7%+2.2%-3.8%
Q4 2019+1.8%+2.1%+13.1%
Q3 2019-9.0%-11.2%-17.2%
Q2 2019+4.2%+5.2%+13.6%
Q1 2019+5.0%+7.0%+13.2%
Q4 2018+9.2%+11.2%+8.5%
Q3 2018+3.6%+3.7%+15.9%
Q2 2018-1.3%-4.8%-3.9%
Q1 2018+1.3%+2.0%-1.6%
Q4 2017-6.4%-8.2%-10.3%
Q3 2017-2.6%-1.1%+3.9%
Q2 2017+1.8%+0.5%+6.6%
Q1 2017+2.4%+4.1%+11.3%
Q4 2016-1.7%-1.7%-12.3%
Q3 2016+0.9%
Q2 2016+4.0%
Q1 2016+2.1%
Q4 2015+2.5%
Q3 2015-2.3%
Q2 2015-6.0%
Q1 2015+8.0%
Q4 2014-2.3%
Q3 2014-5.7%
Q2 2014-2.5%
Q1 2014+1.6%
Q4 2013-3.4%
Q3 2013-6.1%
Q2 2013+7.6%
Q1 2013-1.1%
Q4 2012+4.0%
Q3 2012-1.7%
Q2 2012+2.1%
Q1 2012+4.7%
Q4 2011-6.6%
Q3 2010+0.7%
Q3 2011+0.7%
Q2 2011-1.3%
Q2 2010-1.3%
Q1 2010+2.0%
Q4 2009+2.0%
Q1 2011+2.0%
Q4 2010+2.0%

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