NASDAQ$KLAC

KLA Corp · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

KLA's Q4 2022 results demonstrated sustainable outperformance, highlighting the critical nature of KLA’s products and services.

KLA Corporation reported Q4 FY2022 results with total revenues of $2.49 billion, GAAP diluted EPS of $5.40, and non-GAAP diluted EPS of $5.81. The company's performance exceeded the midpoint of guidance ranges, driven by strong execution and resilient operating model.

  • Total revenues were $2.49 billion, GAAP diluted EPS was $5.40, and non-GAAP diluted EPS was $5.81, all above guidance mid-point.
  • Cash flow from operations was $819.2 million, and free cash flow was $746.1 million.
  • Capital returns totaled $3.63 billion.
  • KLA's products and services are critical in enabling digital transformation.

Headline financials

Total Revenue

$2.49B

Previous: $1.93B+29.2%
EPS (adj)

$5.81

Previous: $4.43+31.2%
Capital Expenditures

$73.2M

Previous: $55.4M+32.1%
Free Cash Flow

$746M

Previous: $410M+81.9%
Net Income

$805M

Previous: $633M+27.2%
Operating Income

$950M

Previous: $709M+34.0%
Gross Profit

$1.51B

Previous: $1.15B+30.8%
Cash & Equivalents

$1.58B

Previous: $1.43B+10.5%
Total Assets

$12.6B

Previous: $10.3B+22.6%
Stock-Based Comp

$36.8M

Previous: $27.7M+33.1%

Revenue & EPS history

KLA · Revenue · Quarterly

$2.49B

Q4 2022+29.2%vs Q4 2021
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

KLA · $2.49B total across 3 segments · Q4 2022

  • Semiconductor Process
    $2.11B+33.8%
  • PCB & Component
    $249M+0.8%
  • Specialty Semi Process
    $125M+27.2%

Forward guidance

For the first quarter of fiscal 2023, KLA expects total revenues to be in the range of $2,475 million to $2,725 million, GAAP diluted EPS to be in the range of $5.28 to $6.38, and non-GAAP diluted EPS to be in the range of $5.70 to $6.80.

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 Q4 2022

Historical avgQ4 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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