KLA Corporation Reflects on Q3 2024 Earnings and Future Growth Prospects
Friday, 26 April 2024, 05:45
KLA Corporation Q3 2024 Earnings Call Transcript
Key Highlights:
- KLA's Q3 2024 revenue of $2.36 billion exceeded guidance range
- EPS results were above adjusted guidance
- Market conditions stable, anticipating business improvement
Financial Environment:
- Quarterly free cash flow of $838 million
- Service business grew to $590 million, up 4%
- Annual free cash flow of $3.1 billion with 32% margin
Outlook:
Infoundry/logic and advanced packaging sectors, demand growth is expected alongside capacity investments. Services business to see continued growth, supporting customer technology transitions. KLA's focus on leading-edge solutions and strategic objectives positions the company for long-term growth in the evolving semiconductor industry.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.