Companies /Technology

KLA Corp

NASDAQ: KLAC Semiconductor Equipment & Materials
$185.60
▲ $12.66 (+7.32%) today
Markets closed · 5:23am ET

Q3 2025 Earnings

Reported Apr 30, 2025, 4:08pm ET · SEC source
$8.41
Beat +4.03%
EPS · est. $8.08
$3.1B
Beat +1.77%
Revenue · est. $3.0B
+8.0%
Beating market
KLAC vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−4%−2%0Apr 30May 1report 4:08pm ETearnings+0.4%−5.4%
−4%−2%0Apr 30May 1earnings+0.4%−5.4%
KLAC −5.4%S&P 500 +0.4%
−3%0Apr 30May 1report 4:08pm ETearnings+0.6%−5.4%
−3%0Apr 30May 1earnings+0.6%−5.4%
KLAC −5.4%NASDAQ +0.6%
−2%0+2%Apr 29May 8report 4:08pm ETearnings+1.3%+1.2%
−2%0+2%Apr 29May 8earnings+1.3%+1.2%
KLAC +1.2%S&P 500 +1.3%
−4%−2%0+2%Apr 29May 8report 4:08pm ETearnings+1.6%+1.2%
−4%−2%0+2%Apr 29May 8earnings+1.6%+1.2%
KLAC +1.2%NASDAQ +1.6%
−3.75%
Day of report
+3.23%
Next session
+4.00%
One week
+14.71%
30 days

S&P 500 over the same 30 days: +6.74%.

Did KLAC Beat Earnings? Q3 2025 Results

KLA Corporation posted a strong fiscal third quarter for 2025, beating Wall Street expectations on both the top and bottom lines as demand for semiconductor process control equipment surged. The company reported non-GAAP diluted EPS of $8.41, clearing the $8.08 consensus estimate by 4.03%, while revenue climbed to $3.06 billion, a 30.0% increase year over year that edged past the $3.01 billion analyst consensus by 1.77%. The primary engine behind the outperformance was KLA's Semiconductor Process Control segment, which generated $2.74 billion in quarterly revenue compared to $2.10 billion a year ago, reflecting robust demand tied to leading-edge AI-driven chip investments. Operating cash flow reached $1.07 billion for the quarter, and the company returned $732.52 million to shareholders through buybacks and dividends, while also announcing a 12% dividend increase and a fresh $5.00 billion repurchase authorization. Looking ahead, KLA guided fiscal Q4 2025 revenue to $3.08 billion and non-GAAP EPS of $8.53, with management noting that despite broader trade uncertainty, no customers have signaled any demand changes for calendar year 2025.

Key Takeaways
  • Growing relevancy in semiconductor manufacturing
  • Leadership in process control enabling leading-edge AI investments
  • Strong product revenue growth year-over-year
  • Semiconductor Process Control segment driving majority of revenue growth
  • KLA Operating Model guiding execution and investment differentiation

“KLA's March quarter results were above the midpoint of our guidance ranges and established a strong start to the calendar year. Though global trade dynamics are driving uncertainty across the global economy, to date, we have received no indications of demand changes from our customers for calendar year 2025.”

KLA CEO, on the earnings call

Forward Guidance & Outlook

For fiscal Q4 2025 (ending June 2025), KLA guided total revenues of $3.075 billion +/- $150 million, GAAP diluted EPS of $8.28 +/- $0.78, non-GAAP diluted EPS of $8.53 +/- $0.78, GAAP gross margin of 61.7% +/- 1.0%, and non-GAAP gross margin of 63.0% +/- 1.0%. CEO Rick Wallace noted that despite global trade dynamics driving uncertainty, KLA has received no indications of demand changes from customers for calendar year 2025. The company remains encouraged by its growing relevancy in semiconductor manufacturing and leadership in process control as a key enabler of AI investments.

KLAC YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$900.0M$1.8B$2.7B$2.4B$3.1BRevenue$1.4B$1.9BGross Profit$848.3M$1.3BOperating Income$601.5M$1.1BNet Income
$0$900.0M$1.8B$2.7BRevenueGross ProfitOperating IncomeNet Income

KLAC Revenue by Segment

Semiconductor Process Control$2.7B
PCB and Component Inspection$168.6M
Specialty Semiconductor Process$156.5M

Figures from SEC filings and company reports. Not investment advice.