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KLAC

KLA Corp stock rises as Q1 earnings top estimates, outlook strong

investing.com 30/10/2024 - 20:31 PM

KLA Corporation Reports Strong Q1 Fiscal 2025 Results

Investing.com — KLA Corporation (NASDAQ:KLAC) announced its first quarter fiscal 2025 results, surpassing analyst expectations and issuing an optimistic outlook that boosted its shares in after-hours trading.

  • Earnings per Share: KLA posted adjusted earnings of $7.33 for the quarter ending September 30, exceeding the analyst consensus of $7.04.
  • Revenue: The company generated $2.84 billion in revenue, surpassing estimates of $2.75 billion, compared to $2.69 billion from the same quarter last year, reflecting a 5.6% YoY increase.

Outlook

KLA provided a strong forecast for the current quarter, anticipating second quarter EPS of $7.75 +/- $0.60, above the $7.40 consensus. Revenue is expected to be $2.95 billion +/- $150 million, higher than projections of $2.85 billion.

Stock Response

Following the earnings report, KLA's stock rose by 2%, as investors reacted positively to the results and guidance.

Management Insights

Rick Wallace, president and CEO of KLA Corporation, stated, "KLA's September quarter results demonstrate continued outperformance… optimistic about continued semiconductor market growth in the fourth calendar quarter of 2024 and into calendar 2025."

Financial Highlights

KLA reported robust cash flow, achieving an operating cash flow of $995.2 million for the quarter. The company also returned $765.5 million to shareholders through dividends and share repurchases during this period.




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