Q3 2025 KLA Corp Earnings Call Transcript

Apr 30, 2025 / 09:00PM GMT

Transcript 10-Q8-K

Key Points

Positve

KLA Corp (KLAC) reported March-quarter revenue of $3.06 billion, exceeding the midpoint of their guidance range.
The company achieved a 30% year-over-year increase in revenue, driven by strong demand in leading-edge logic and high-bandwidth memory.
KLA's Advanced Packaging business showed significant growth, with revenue expected to exceed $850 million in calendar 2025.
The KLA Services business marked its 52nd consecutive quarter of year-over-year growth, demonstrating resilience despite export control impacts.
KLA announced a 12% increase in its quarterly dividend, reflecting confidence in long-term value accretion and commitment to capital returns.

Negative

Global trade uncertainties and potential tariff impacts pose risks to KLA's future business environment.
The company postponed its Investor Day to early to mid-calendar 2026 due to macroeconomic uncertainties.
Newly announced US government export controls impacted service revenue growth in the March quarter.
KLA faces a 100 basis points headwind to gross margin per quarter due to global tariffs, affecting profitability.
The company anticipates a slight decline in foundry/logic revenue in the second half of the year, indicating potential market challenges.

Operator

Good afternoon. My name is Margot. I'll be your conference operator today.

At this time, I'd like to welcome everyone to the KLA Corporation March-quarter 2025 earnings conference call and webcast.

(Operator Instructions)

I will now turn the call over to Kevin Kessel, Vice President of Investor Relations and Market Analytics. Please go ahead.

Kevin Kessel

KLA Corp - Vice President, Investor Relations

Welcome to our earnings call to discuss the March quarter and our June-quarter outlook.

Joining me is our CEO, Rick Wallace; and our CFO, Bren Higgins.

We will discuss today's results, released after the market closed and available on our website, along with supplemental materials.

We are presenting today's discussion and metrics on a non-GAAP financial basis, unless otherwise specified. All full-year references made refer to calendar years. The earnings materials contain a detailed reconciliation of GAAP to non-GAAP results.

KLA's IR website also contains future investor events, presentations,

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