KLA Corporation (NASDAQ:KLAC) Q4 2024 Earnings Conference Call July 24, 2024 5:00 PM ET
Company Participants
Kevin Kessel - VP, IR and Market Analytics
Richard Wallace - CEO
Bren Higgins - CFO
Conference Call Participants
Vivek Arya - Bank of America Securities
CJ Muse - Cantor Fitzgerald
Harlan Sur - JPMorgan
Atif Malik - Citi
Christophe Caso - Wolfe Research
Krish Sankar - TD Cowen
Joseph Quattrocci - Wells Fargo
Toshiya Hari - Goldman Sachs
Joe Moore - Morgan Stanley
Srinivas Pajjuri - Raymond James
Brian Chin - Stifel
Blayne Curtis - Jefferies
Timothy Arcuri - UBS
Operator
Good afternoon. Good afternoon. My name is David and I'll be your conference operator today. At this time, I would like to welcome everyone to the KLA Corporation June Quarter 2024 Earnings Conference Call and Webcast. All participants have been placed in a listen-only mode to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [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
Welcome to our earnings call to discuss the June 2024 Results and the September Quarter Outlook. I am joined by our CEO, Rick Wallace, and our CFO, Bren Higgins. We will discuss today's results released after the market closed and available at ir.kla.com, along with supplemental materials.
Today's discussion and metrics are presented on a non-GAAP financial basis, unless otherwise specified. All full year references are to calendar years. The earnings materials contain the detailed reconciliation of GAAP to non-GAAP results. KLA's IR website also contains future Investor events, presentations, corporate governance information, and links to the 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 disclosures of risk factors 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 introductory comments followed by Bren with additional financial highlights, including our outlook.
Let me turn the call over to our CEO, Rick Wallace. Rick?
Richard Wallace
Thank you, Kevin. I will cover a few business highlights for this quarter. KLA's June quarter revenue, gross margin, and EPS were all above their respective guidance midpoints. The quarter played out mostly as expected with strong customer demand and solid company execution. We continue to see signs of a strengthening market environment for customers at the leading edge and remain confident in our plan for steady improvement throughout the remainder of this calendar year and into 2025. This quarter, KLA results returned to sequential and year-over-year revenue growth, demonstrating an improving industry environment.