NASDAQ$KLAC

KLA Corp · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

KLA demonstrated solid execution, delivering results in the upper end of the range of guidance, and capping multiple records across revenue, GAAP EPS and non-GAAP EPS for the quarter.

KLA reported a record revenue of $1.51 billion for the quarter. GAAP EPS was $2.40 per share and non-GAAP EPS was $2.66 per share, both records for the quarter. The company is excited about growth opportunities led by technology transitions in advanced Logic, expanding investment in EUV, and with the expectation that Memory investment will improve in the calendar year.

  • Revenue for the quarter was a record of $1.51 billion
  • Earnings on both a GAAP and non-GAAP basis were records for the quarter
  • GAAP EPS of $2.40 per share
  • Non-GAAP EPS of $2.66 per share

Headline financials

Total Revenue

$1.51B

Previous: $1.12B+34.8%
EPS (adj)

$2.66

Previous: $2.44+9.0%
Capital Expenditures

-$67.4M

Previous: -$48.7M-38.5%
Free Cash Flow

$313M

Previous: $320M-2.3%
Net Income

$381M

Previous: $369M+3.1%
Operating Income

-$1.11B

Previous: -$688M-60.8%
Gross Profit

$876M

Previous: $712M+23.1%
Cash & Equivalents

$940M

Previous: $1.79B-47.6%
Total Assets

$9.25B

Previous: $5.61B+65.0%
Stock-Based Comp

$26.8M

Previous: $15.7M+70.7%

Revenue & EPS history

KLA · Revenue · Quarterly

$1.51B

Q2 2020+34.8%vs Q2 2019
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

KLA · $1.51B total across 3 segments · Q2 2020

  • Semiconductor Process
    $1.25B
  • PCB & Component
    $186M
  • Specialty Semi Process
    $75.1M

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 Q2 2020

Historical avgQ2 2020

+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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