KLA Corporation reports Q1 beat, provides solid guidance

KLA Corporation (NASDAQ:) shares rose more than 1% after-hours following the company’s reported , with EPS of $5.74 coming in better than the consensus estimate of $5.37.

Revenue came in at $2.4 billion, above the consensus estimate of $2.35B, driven by strength in legacy node investment globally and industry infrastructure investments.

“Despite the challenging market conditions, our continued strong performance highlights the relative value of KLA products and services to our customers, the resiliency of the KLA Operating Model and our commitment to delivering long-term value to all stakeholders,” said CEO Rick Wallace.

For Q2/24, the company expects EPS in the range of $5.26-$6.46, compared to the consensus of $5.51, and revenue in the range of $2.325-$2.575B, compared to the consensus of $2.4B.