KLA Corporation (NASDAQ: KLAC) today announced operating results for its second quarter of fiscal year 2022, which ended on Dec. 31, 2021, and reported GAAP net income attributable to KLA of $717.4 million and GAAP earnings per diluted share attributable to KLA of $4.71 on revenue of $2.35 billion.
“KLA’s December quarter and calendar 2021 performance exceeded our expectations in a demanding and challenging environment. Our results underscore the importance of our products and solutions in the marketplace, consistent execution by our global teams, and technology leadership and innovation that is guided by the KLA Operating Model,” commented Rick Wallace, president and chief executive officer of KLA Corporation. “In addition to outperforming our 2023 long-term target model and demonstrating strong earnings leverage, KLA returned $2 billion in capital to shareholders during calendar 2021 via both dividends and stock repurchases.”
| GAAP Results | |||
| Q2 FY 2022 | Q1 FY 2022 | Q2 FY 2021 | |
| Total Revenue | $2,353 million | $2,084 million | $1,651 million |
| Net Income Attributable to KLA | $717 million | $1,068 million | $457 million |
| Net Income per Diluted Share Attributable to KLA | $4.71 | $6.96 | $2.94 |
| Non-GAAP Results | |||
| Q2 FY 2022 | Q1 FY 2022 | Q2 FY 2021 | |
| Net Income Attributable to KLA | $851 million | $712 million | $504 million |
| Net Income per Diluted Share Attributable to KLA | $5.59 | $4.64 | $3.24 |
A reconciliation between GAAP operating results and non-GAAP operating results is provided following the financial statements included in this release.
Third Quarter Fiscal 2022 Guidance
The following details our guidance for the third quarter of fiscal 2022 ending in March:
- Total revenues between $2,100 million to $2,300 million
- GAAP gross margin is expected to be in a range of 59.5% to 61.7%
- Non-GAAP gross margin is expected to be in a range of 61.5% to 63.5%
- GAAP diluted EPS attributable to KLA is expected to be in a range of $4.09 to $4.99
- Non-GAAP diluted EPS attributable to KLA in a range of $4.35 to $5.25
