KLA Corporation (NASDAQ: KLAC) reported strong second-quarter fiscal 2025 results, with total revenue reaching $3.08 billion, at the upper end of its guidance range. GAAP diluted earnings per share (EPS) was $6.16, impacted by a $239.1 million impairment charge for goodwill and purchased intangible assets. Non-GAAP EPS stood at $8.20, also near the upper end of the guidance range. The company generated $849.5 million in cash flow from operations during the quarter and returned $876.9 million to shareholders through capital returns.
CEO Rick Wallace highlighted KLA's resilience despite the impact of new U.S. government export controls, emphasizing the company's position in AI and high-performance computing investments. KLA expects continued growth in semiconductor demand.
For the third quarter of fiscal 2025, KLA provided the following guidance:
- Revenue: $3.0 billion ± $150 million
- GAAP gross margin: 60.6% ± 1.0%
- Non-GAAP gross margin: 62.0% ± 1.0%
- GAAP diluted EPS: $7.77 ± $0.60
- Non-GAAP diluted EPS: $8.05 ± $0.60
The company continues to focus on innovation in semiconductor process control and remains well-positioned for long-term growth.
