Welcome to our dedicated page for KLA Corporation news (Ticker: KLAC), a resource for investors and traders seeking the latest updates and insights on KLA Corporation stock.
KLA Corporation (NASDAQ: KLAC), headquartered in Milpitas, California, is a global leader in process control and yield management solutions. The company collaborates with customers in the semiconductor, data storage, LED, and other nanoelectronics industries to develop state-of-the-art inspection and metrology technologies. These innovations are essential for manufacturing and ensuring the quality of electronic components.
Core Business: KLA specializes in semiconductor process control. Their equipment inspects semiconductor wafers during research, development, and manufacturing to detect defects and verify precise measurements. Additionally, KLA has a presence in the etch and deposition segments of the wafer fabrication equipment market.
Product Portfolio: With industry-standard products and a team of world-class engineers and scientists, KLA offers solutions that include advanced process control and process-enabling technologies for manufacturing wafers, reticles, integrated circuits, packaging, printed circuit boards, and flat panel displays. The company’s portfolio emphasizes innovation and quality.
Major Clients: KLA counts among its top customers some of the world's largest chipmakers, including TSMC and Samsung. This underscores the company’s significant role in the semiconductor industry and its influence on the production of cutting-edge technology components.
Financial Health: In the fourth quarter of fiscal year 2023, KLA reported a GAAP net income of $684.7 million and diluted EPS of $4.97 on total revenues of $2.36 billion. For the fiscal year ending June 30, 2023, the company achieved a GAAP net income of $3.39 billion and diluted EPS of $24.15 on revenues of $10.50 billion. These figures highlight KLA’s robust financial performance despite challenging market conditions.
Recent Achievements: KLA's results for the first quarter of fiscal year 2024, which ended on September 30, 2023, showed continued strength with a GAAP net income of $741.4 million and earnings per diluted share of $5.41 on revenue of $2.40 billion. The company’s performance reflects its market leadership and operational execution.
Future Outlook: Despite ongoing market challenges, KLA remains committed to supporting customer requirements and maintaining critical R&D investments to enable its technology roadmap. The company’s strategic focus on innovation and customer collaboration positions it well for future growth and long-term value creation for stakeholders.
For the latest updates, financial disclosures, and investor relations, visit KLA's Investor Relations page. Further information about the company can be found at www.kla.com.
KLA Corporation (NASDAQ: KLAC) has appointed Robert Calderoni as the new chair of the Board of Directors, succeeding Edward Barnholt, who served since 2006. Calderoni, an independent director since 2007, brings over 30 years of executive experience, previously holding leadership roles at Citrix Systems, Ariba, SAP AG, and Avery Dennison. He expressed his commitment to enhancing KLA's position in the semiconductor industry, aiming for sustainable profitability. CEO Rick Wallace commended Calderoni's leadership, emphasizing his invaluable contributions to the company.
KLA Corporation reported its Q1 FY 2023 results with total revenues of $2.72 billion and a GAAP diluted EPS of $7.20, exceeding revenue and earnings guidance. The company generated $1.01 billion in cash flow from operations and returned $277.8 million to shareholders in the quarter. Despite challenges in electronics markets, KLA expects sequential growth and robust demand for its products, providing a revenue guidance range of $2.65 billion to $2.95 billion for Q2 FY 2023. Non-GAAP diluted EPS is projected between $6.30 and $7.70.
KLA Corporation (NASDAQ: KLAC) has launched the Orbotech Corus™ 8M direct imaging system, revolutionizing PCB and IC substrate manufacturing. This platform offers automated double-sided imaging, achieving fine resolution down to 8µm line width and high registration accuracy of ±5µm. Enhanced technologies ensure greater process uniformity and performance, particularly for high-density interconnects in advanced devices like smartphones. The new platform integrates advanced target acquisition and contributes to reduced contamination risks, showcasing KLA's commitment to precision technology in the electronic manufacturing sector.
KLA Corporation (NASDAQ: KLAC) will review its first quarter fiscal year 2023 earnings on October 26, 2022, at 2 p.m. PT. The earnings results will be published the same day after market close, along with supplementary disclosures including a shareholder letter and earnings presentation. Investors can access all earnings materials and the live webcast on KLA's Investor Relations page. A replay of the webcast will also be available. KLA specializes in advanced process control and solutions for various sectors within the electronics industry.
KLA Corporation (NASDAQ: KLAC) plans to invest over $100 million to establish a new R&D and manufacturing center in Newport, Wales. The facility will span 200,000 square feet, featuring offices, cleanrooms, and support facilities, aiming to accommodate 750 employees. The project, set for completion in early 2025, aligns with KLA's growth in its SPTS division and focuses on sustainable design to achieve a BREEAM Excellent rating. This expansion is expected to bolster collaboration with local universities and enhance KLA's semiconductor capabilities.
KLA Corporation (NASDAQ: KLAC) has announced ambitious targets to reduce its Scope 1 and 2 emissions by 50% by 2030 and achieve net zero emissions by 2050. These goals align with the Science Based Targets Initiative and reflect KLA's commitment to sustainable growth amid global climate concerns. The company also reported a total of $3.9 million in grants for community support and COVID-19 relief, alongside efforts to enhance inclusion and diversity. KLA aims to utilize 100% renewable electricity by 2030, furthering its focus on environmental responsibility.
KLA Corporation (NASDAQ: KLAC) has announced three upcoming investor conference webcasts. The events include: the 2nd Annual Evercore ISI Technology Conference on Sept. 8, 2022, at 11:00 a.m. ET; Citi's 2022 Global Technology Conference on Sept. 9, 2022, at 10:30 a.m. ET; and Goldman Sachs Communacopia + Technology Conference on Sept. 13, 2022, at 10:45 a.m. PT. Live webcasts will be accessible on KLA's Investor Relations page, with replays available post-event. For more details, visit ir.kla.com.
KLA Corporation (NASDAQ: KLAC) declared a quarterly cash dividend of $1.30 per share, set to be paid on Sept. 1, 2022. Shareholders must be on record by the close of business on Aug. 15, 2022. This decision underscores KLA's commitment to returning value to its investors, reflecting confidence in its financial health and ongoing operational stability.
KLA Corporation reported strong financial results for the fourth quarter and fiscal year ended June 30, 2022. Total revenues were $2.49 billion, with GAAP net income of $805.4 million and diluted EPS of $5.40. Non-GAAP diluted EPS reached $5.81. For the fiscal year, total revenues were $9.21 billion, and GAAP net income was $3.32 billion.
Operating cash flow for the quarter was $819.2 million, with free cash flow of $746.1 million. The company plans to generate revenues between $2.475 billion and $2.725 billion in Q1 fiscal 2023.
KLA Corporation has announced a cash tender offer for up to $500 million in aggregate principal amount of its 4.650% Senior Notes due 2024. The Tender Offer, initiated on June 21, 2022, aims to purchase notes at a Total Consideration of $1,024.50 per $1,000 principal, which includes a $30 Early Tender Payment. The offer is expected to be prorated due to anticipated oversubscription and will close on July 5, 2022. Payment for accepted notes will occur on July 7, 2022. KLA retains the discretion to terminate the offer at any time.
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