NASDAQ$KLAC

KLA Corp · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

KLA reported strong Q1 2022 results, exceeding revenue and EPS guidance with record cash flow, demonstrating consistent execution and sustainable outperformance.

KLA Corporation announced its Q1 2022 results, with total revenues of $2.08 billion and GAAP diluted EPS of $6.96, both finishing towards the upper end of the guidance range. The company reported record cash flow from operations and free cash flow, and returned $562.5 million to shareholders through dividends and share repurchases.

  • Total revenues reached $2.08 billion, near the top of the projected range.
  • GAAP diluted EPS was $6.96, surpassing the high end of guidance, while non-GAAP diluted EPS was $4.64, also towards the upper end.
  • Record cash flow from operations and free cash flow were achieved, amounting to $863.8 million and $794.8 million, respectively.
  • Capital returns totaled $562.5 million, including $162.8 million in dividends and $399.7 million in share repurchases.

Headline financials

Total Revenue

$2.08B

Previous: $1.54B+35.4%
EPS (adj)

$4.64

Previous: $3.03+53.1%
Capital Expenditures

-$69M

Previous: -$55.9M-23.3%
Free Cash Flow

$999M

Previous: $365M+174.1%
Net Income

$1.07B

Previous: $421M+154.0%
Operating Income

-$1.32B

Previous: -$1.07B-23.4%
Gross Profit

$1.27B

Previous: $918M+38.4%
Cash & Equivalents

$1.51B

Previous: $1.22B+24.2%
Total Assets

$11.1B

Previous: $9.32B+19.6%
Stock-Based Comp

$25.2M

Previous: $27M-6.6%

Revenue & EPS history

KLA · Revenue · Quarterly

$2.08B

Q1 2022+35.4%vs Q1 2021
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

KLA · $2.08B total across 3 segments · Q1 2022

  • Semiconductor Process
    $1.78B+40.3%
  • PCB & Component
    $203M+11.9%
  • Specialty Semi Process
    $102M+14.7%

Forward guidance

KLA anticipates for the second quarter of fiscal 2022 ending in December total revenue between $2,225 million to $2,425 million and GAAP diluted EPS attributable to KLA is expected to be in a range of $4.69 to $5.59.

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 2022

Historical avgQ1 2022

+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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