KLA Corporation (KLAC) Tops Q1 EPS by 26c, Guides Above Views

KLA Corporation (NASDAQ: KLAC) reported Q1 EPS of $3.03, $0.26 better than the analyst estimate of $2.77. Revenue for the quarter came in at $1.54 billion versus the consensus estimate of $1.49 billion.

"Our results demonstrate the resourcefulness of our global workforce, resiliency of our business model, and our continuing commitment to returning value to our shareholders," commented Rick Wallace, president and chief executive officer of KLA Corporation. "In the September quarter we saw broad, diversified strength across each of our segments. Semiconductor Process Control was solidly above plan, and our Service business is on track to deliver double-digit growth in 2020. We also ended the quarter with a strong backlog, reflecting the enabling role KLA plays in our customers' drive to innovate and invest in next-generation technology."

GUIDANCE:

KLA Corporation sees Q2 2021 EPS of $2.82-$3.46, versus the consensus of $2.80. KLA Corporation sees Q2 2021 revenue of $1.51-1.66 billion, versus the consensus of $1.5 billion.

For earnings history and earnings-related data on KLA Corporation (KLAC) click here.

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