Summary by Moomoo AI
KLA Corporation reported robust financial results for Q1 FY25, with revenues reaching $2.84 billion, a 19% increase year-over-year. The Semiconductor Process Control segment led growth with revenues of $2.58 billion, up 21% YoY, driven by strong demand for inspection products and increased service revenue. Net income rose to $945.9 million, with diluted EPS of $7.01.Operating performance remained strong with a gross margin of 59.6% despite mix changes. The company maintained solid operational execution with R&D investments of $323.1 million, while operating cash flow reached $995.2 million. China contributed 42% of total revenues, while North American revenues doubled to $500.9 million as customers invested in domestic semiconductor capacity.Looking ahead, KLA continues to see healthy demand for process control solutions, particularly in advanced technology nodes and AI-related investments. The company returned $768.5 million to shareholders through dividends and share repurchases, while maintaining a strong balance sheet with $4.63 billion in cash and marketable securities. Management remains focused on strategic growth initiatives while navigating evolving trade regulations affecting China operations.
