NASDAQ$KLAC
KLA Corp · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Revenue and EPS exceeded guidance midpoint due to solid execution in a challenging industry environment.
KLA Corporation reported Q3 fiscal year 2023 results with revenue of $2.43 billion and GAAP EPS of $5.03, both above the midpoint of guidance. The company also saw increased market leadership in the process control market, validating its customer focus and product portfolio strategy.
- Total revenues were $2.43 billion, above the midpoint of the guidance range.
- GAAP diluted EPS was $5.03 and non-GAAP diluted EPS was $5.49, each finishing above the midpoint of the respective guidance ranges.
- Cash flow from operating activities and free cash flow were $1,010.9 million and $925.9 million, respectively.
- Capital returns were $659.0 million, split between dividends paid and share repurchases.
Headline financials
Revenue & EPS history
KLA · Revenue · Quarterly
$2.43B
Revenue by segment
KLA · $2.43B total across 3 segments · Q3 2023
- Semiconductor Process$2.17B+9.7%89.3%
- PCB & Component$132M-31.5%5.4%
- Specialty Semi Process$128M+9.5%5.3%
Forward guidance
For the fourth quarter of fiscal 2023 ending in June, KLA expects total revenues between $2,125 million and $2,375 million, GAAP diluted EPS in the range of $3.87 to $5.07, and non-GAAP diluted EPS in the range of $4.23 to $5.43.
Tailwinds
- GAAP gross margin is expected to be in a range of 57.58% to 59.85%
- Non-GAAP gross margin is expected to be in a range of 59.75% to 61.75%
- GAAP diluted EPS is expected to be in a range of $3.87 to $5.07
- Non-GAAP diluted EPS is expected to be in a range of $4.23 to $5.43
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 Q3 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
| 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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro