NASDAQ$KLAC
KLA Corp · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
KLA's Q1 2024 results demonstrated market leadership and operational execution, delivering solid free cash flow generation.
KLA Corporation reported Q1 Fiscal Year 2024 results with revenue of $2.40 billion and GAAP EPS of $5.41, both at the high end of guidance. The company highlighted its strong performance despite challenging market conditions, attributing it to the value of KLA's products and services and the resilience of its operating model.
- Total revenues were $2.40 billion, at the upper end of the guidance range.
- GAAP diluted EPS attributable to KLA was $5.41, finishing at the upper end of the guidance ranges.
- Non-GAAP diluted EPS attributable to KLA was $5.74, finishing at the upper end of the guidance ranges.
- Cash flow from operating activities for the quarter was $883.7 million, and free cash flow was $815.7 million.
Headline financials
Revenue & EPS history
KLA · Revenue · Quarterly
$2.4B
Revenue by segment
KLA · $2.4B total across 3 segments · Q1 2024
- Semiconductor Process$2.14B-10.9%89.0%
- PCB & Component$136M-32.2%5.7%
- Specialty Semi Process$127M-0.9%5.3%
Forward guidance
KLA provides guidance for the second quarter of fiscal year 2024 ending in December, with expected revenues between $2.325 billion and $2.575 billion and GAAP EPS between $4.94 and $6.14.
Tailwinds
- Total revenues is expected to be in a range of $2.45 billion +/- $125 million
- GAAP gross margin is expected to be in a range of 59.6% +/- 1.0%
- Non-GAAP gross margin is expected to be in a range of 61.5% +/- 1.0%
- GAAP diluted EPS is expected to be in a range of $5.54 +/- $0.60
- Non-GAAP diluted EPS is expected to be in a range of $5.86 +/- $0.60
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 2024
+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
| Quarter | Report date | Reaction (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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