KLA Corporation (NASDAQ:KLAC) Q1 2024 Earnings Conference Call October 25, 2023 5:00 PM ET

Company Participants

Kevin Kessel - VP, IR and Market Analytics

Rick Wallace - CEO

Bren Higgins - CFO

Conference Call Participants

Vivek Arya - Bank of America Securities

Harlan Sur - JPMorgan

Joe Quatrochi - Wells Fargo

Chris Caso - Wolfe Research

Atif Malik - Citi

Sidney Ho - Deutsche Bank

Krish Sankar - TD Cowen

Timothy Arcuri - UBS

Charles Shi - Needham

Joe Moore - Morgan Stanley

Blayne Curtis - Barclays

Mehdi Hosseini - SIG

Brian Chin - Stifel

Operator

Good afternoon. My name is Chelsea, and I will be your conference operator today. At this time, I would like to welcome everyone to the KLA Corporation September Quarter 2023 Earnings Conference Call and Webcast. [Operator Instructions] Thank you.

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

Kevin Kessel

Thank you for joining us for our earnings call to discuss the results of the September 2023 quarter and our December quarter outlook. I'm joined by our CEO, Rick Wallace, and our CFO, Bren Higgins, to discuss our results released today after the market close, which are available on our IR website, along with the supplemental materials.

Today's discussion is presented on a non-GAAP financial basis unless otherwise specified, our full year references all related to calendar years. A detailed reconciliation of GAAP to non-GAAP results is in the earnings materials posted on our website. Our IR website also contains future investor events as well as presentations, corporate governance information and links to our SEC filings, including our most recent annual report and quarterly reports on Forms 10-K and 10-Q.

Our comments today are subject to risks and uncertainties reflected in the risk factor disclosures in our SEC filings. Any forward-looking statements, including those we make on the call today, are also subject to those risks and KLA cannot guarantee those forward-looking statements will come true. Our actual results may differ significantly from those projected in our forward-looking statements. Rick will begin the call with some comments and quarterly highlights. Bren will conclude with our financial highlights, including our guidance and outlook.

I will now turn the call over to our CEO, Rick Wallace. Rick?

Rick Wallace

Thanks, Kevin.

Before we cover KLA's September quarter outlook, I'd like to address the situation in Israel as it pertains to KLA. We have many KLA employees based in Israel. We're deeply saddened by the unspeakable acts of terrorism in the Middle East and the resulting war underway. Our heartfelt condolences are with all the victims and their families, friends and loved ones.