NASDAQ$KLAC

KLA Corp · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

KLA's Q1 2023 results exceeded guidance, demonstrating consistency and unique value despite market weakness.

KLA Corporation reported Q1 fiscal year 2023 results with revenue of $2.72 billion and GAAP diluted EPS of $7.20. The company's results were above the high-end or above the midpoint of its guidance, showcasing the resilience of its business amid a challenging macroeconomic environment.

  • Total revenues were $2.72 billion, surpassing guidance.
  • GAAP diluted EPS attributable to KLA was $7.20, exceeding guidance.
  • Non-GAAP diluted EPS attributable to KLA was $7.06, also above guidance.
  • Cash flow from operating activities for the quarter was $1.01 billion.

Headline financials

Total Revenue

$2.72B

Previous: $2.08B+30.7%
EPS (adj)

$7.06

Previous: $4.64+52.2%
Capital Expenditures

-$84.4M

Previous: -$69M-22.3%
Free Cash Flow

$942M

Previous: $999M-5.8%
Net Income

$1.03B

Previous: $1.07B-4.0%
Operating Income

-$1.67B

Previous: -$1.32B-27.0%
Gross Profit

$1.68B

Previous: $1.27B+32.5%
Cash & Equivalents

$1.82B

Previous: $1.51B+20.5%
Total Assets

$13.1B

Previous: $11.1B+17.7%
Stock-Based Comp

$35M

Previous: $25.2M+38.7%

Revenue & EPS history

KLA · Revenue · Quarterly

$2.72B

Q1 2023+30.7%vs Q1 2022
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

KLA · $2.73B total across 3 segments · Q1 2023

  • Semiconductor Process
    $2.4B+34.8%
  • PCB & Component
    $201M-1.0%
  • Specialty Semi Process
    $128M+25.3%

Forward guidance

KLA anticipates total revenues between $2,650 million and $2,950 million, GAAP gross margin in the range of 59.8% to 62.0%, and GAAP diluted EPS between $5.94 and $7.34 for the second quarter of fiscal year 2023.

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 2023

Historical avgQ1 2023

+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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