Richard Wallace

“I'm going to cover KLA's business highlights for the June 2025 quarter, including commentary on KLA's relevance in the AI infrastructure build-out. For the June quarter, KLA's results were strong across the board, and we were at or above the high end of our guidance ranges.”

“Well, Tom, what we needed to do was thoroughly analyze our business. There are quite a few uncertainties. I didn't mention earlier the various caveats that could cause changes.”

“KLA's September quarter exhibited strengthening customer demand and solid execution by our global team. Results exceeded expectations and delivered continued relative outperformance with revenue of $2.84 billion, non-GAAP diluted EPS of $7.33, and GAAP diluted EPS of $7.01.”

“And I think much like some of what we saw in the early discussions of AI last year where we didn't really see an increase in silicon because there was still utilization leverage that our customers have.”

“And so we're seeing some expansion in our capacity. The big node ramps aren't really happening as much this year, which is part of why the WFE gets driven up.”