KLA Corporation Reports Fiscal 2023 Third Quarter Results

Reading time ( words)

KLA Corporation announced financial and operating results for its third quarter of fiscal year 2023, which ended on March 31, 2023, and reported GAAP net income of $697.8 million and GAAP earnings per diluted share of $5.03 on revenue of $2.43 billion.

"The March quarter delivered revenue, GAAP and non-GAAP earnings per share above the midpoint of the guidance ranges, reflecting solid execution in a challenging industry environment," said Rick Wallace, president and CEO of KLA Corporation. "In addition, KLA's customer focus and product portfolio strategy has been validated by recently published Wafer Fab Equipment ("WFE") industry analysis for calendar year 2022 that shows increased market leadership in the process control market. This performance reinforces the strength of the KLA Operating Model and the value of KLA to our customers' fab productivity and technology roadmaps."

Fourth Quarter Fiscal 2023 Guidance

The following details our guidance for the fourth quarter of fiscal 2023 ending in June:

  • Total revenues is expected to be between $2,125 million to $2,375 million
  • 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


Suggested Items

I-Connect007 Editor’s Choice: Five Must-Reads for the Week

05/05/2023 | Nolan Johnson, I-Connect007
This week, I’m identifying key news about EVs, orbital payloads, environmental sustainability, the state of the economy, and new executive leadership. I’d say it’s a well-rounded selection of what’s happening in the industry. I can’t help but continue to be impressed by the pervasiveness of space commercialization. Satellites have a long history of being commissioned and operated by private business, but as commercial launch vehicles become more available, it seems that satellite launches are accelerating. Read on!

Time to ‘Finish the Job’ on PCB Funding

03/02/2023 | Nolan Johnson, I-Connect007
In his State of the Union address in early February, President Biden departed from his usual topics about education and the economy to mention the new CHIPS Act, as well as supply chain and infrastructure issues. For perspective on those remarks, Nolan Johnson chats with David Schild, executive director of the Printed Circuit Board Association of America (PCBAA).

MKS Discusses the Cutting Edge of Technology

12/20/2022 | Nolan Johnson, I-Connect007
During a recent tour of the MKS facility in Beaverton, Oregon, I met with Todd Templeton, Chris Ryder, Kyle Baker, and Martin Orrick. As a reminder, MKS acquired ESI in 2019 and has retained the ESI brand. In this interview, they explain their approach to HDI and ultra HDI, the current state of base materials, and what the future looks like on the cutting edge of technology.

Copyright © 2023 I-Connect007 | IPC Publishing Group Inc. All rights reserved.