KLA Corp (BSP:K1LA34)

R$ 966.35 3.02 (0.31%) Market Cap: 517.04 Bil Enterprise Value: 529.92 Bil PE Ratio: 30.61 PB Ratio: 25.20 GF Score: 88/100

Q1 2025 KLA Corp Earnings Call Transcript

Oct 30, 2024 / 09:00PM GMT

Release Date Price: R$993.06 (-1.00%)

Transcript 8-K

Key Points

Positve

KLA Corp (KLAC) reported strong financial performance with revenue of $2.84 billion, exceeding expectations and at the upper end of guidance ranges.
The company experienced strong double-digit sequential and year-over-year revenue growth, particularly in foundry logic and memory sectors.
KLA Corp's advanced packaging portfolio is gaining traction, with expected revenue exceeding $500 million in CY24 and continued growth anticipated in CY25.
The service business grew to $644 million in the September quarter, marking the 49th consecutive quarter of year-over-year growth.
KLA Corp demonstrated strong cash flow and capital returns, with a quarterly free cash flow of $935 million and total capital return of $765 million in the September quarter.

Negative

Gross margin was slightly below the midpoint of the guidance range due to a weaker-than-expected systems product mix.
Operating expenses increased to $560 million, with significant investments in R&D and SG&A.
The company faces potential risks from export controls and geopolitical tensions, particularly concerning its China business.
China's revenue contribution is expected to decline from 42% to around 30% in 2025, indicating potential challenges in this market.
There is uncertainty regarding the impact of potential export restrictions on future business operations and financial performance.

Operator

Good afternoon, everyone. My name is Lee, and I will be your conference operator today. At this time, I would like to welcome everyone to the KLA Corporation's September Quarter 2024 earnings conference call and webcast.

(Operator Instructions) I will now turn the call over to Kevin Kessel, Vice President of Investor Relations and Market Analytics. Please go ahead, sir.

Kevin Kessel

KLA Corp - Vice President, Investor Relations & Market Analytics

Welcome to our earnings call to discuss the September 2024 results and the December quarter outlook I'm joined by our CEO, Rick Wallace, and our CFO, Bren Higgins.

We will discuss today's results released after the market close and available on ir.kla.com along with the supplemental materials. Today's discussion and metrics are presented on a non-GAAP basis, unless otherwise specified, all full year references we make are to calendar years. The earnings materials contain a detailed reconciliation of GAAP to non-GAAP results. KLA's IR website also contains future investor events presentations,

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