KLAC Earnings Prediction
The chart below shows how KLAC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, KLAC sees a +0.37% change in stock price 10 days leading up to the earnings, and a +1.69% change 10 days following the report. On the earnings day itself, the stock moves by -0.02%. This data can give you a slight idea of what to expect for the next quarter's release.
KLAC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.36B
-2.99%
-5.10%
Gross Margin
59.83%
-1.43%
-4.42%
Operating Margin
36.13%
-3.40%
-10.08%
Net Margin
25.49%
-11.15%
8.79%
EPS
4.43
-11.93%
3.50%
No Data Available
KLAC Earnings Analysis
KLA Corporation Common Stock Corporation (KLAC.O) Earnings Conference Call
Positive
Revenue Exceeds Guidance: KLA's revenue of $2.36 billion was above the midpoint of our guidance range.
Earnings Per Share Beat: Non-GAAP diluted EPS was $5.26, above the guidance midpoint of $4.83.
Earnings Per Share Beat: GAAP diluted EPS was $4.43, above the guidance midpoint of $4.06.
Free Cash Flow Performance: Quarterly free cash flow was $838 million, with the last 12 months free cash flow at $3.1 billion and a free cash flow margin of 32%.
Total Cash and Securities: KLA ended the quarter with $4.3 billion in total cash, cash equivalents, and marketable securities.
Negative
Revenue Below Guidance: KLA's revenue of $2.36 billion was below the midpoint of guidance range, indicating a potential decline in market demand.
Market Share Decline: The decline in KLA's market share by nearly 1% in 2023 was primarily driven by a loss of access to approximately 10% of the China market due to U.S. government export controls.
Quarterly Free Cash Flow Decline: KLA's quarterly free cash flow was $838 million, significantly lower than the $3.1 billion free cash flow over the last 12 months, reflecting a 32% margin drop over the period.
Inventory Charge Impact: The company faced a $62 million charge for excess and obsolete inventory related to the strategic decision to exit the flat panel display business, negatively impacting both non-GAAP and GAAP EPS results.
Cautious Demand Outlook: KLA's customer discussions indicated a cautious outlook, with expectations of flat to modest growth in demand for the second half of the year, suggesting potential challenges ahead.
KLAC FAQs
How does KLAC typically perform around its earnings report dates?
Is KLA Corporation (KLAC) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
KLAC Earning Call Sentiment
KLA Corporation (KLAC) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
KLAC.O
-6.28%Positive
The earnings call highlights strong financial performance with double-digit revenue growth and increased EPS, despite slight margin misses. Shareholder returns through dividends and repurchases are robust. While there are concerns about China exposure and debt, these are offset by optimistic guidance in AI-driven demand and advanced packaging. The Q&A session shows analysts' confidence in the company's growth potential, especially in metrology and DRAM investment. Despite uncertainties like export controls, the overall sentiment leans positive, suggesting a stock price increase in the short term.