Kla Corp Stock Price, News & Analysis

KLA Corporation (NASDAQ: KLAC) has declared a $1.30 quarterly cash dividend on its common stock, set for payment on December 1, 2022. Shareholders on record as of November 15, 2022 will be eligible. This decision underscores KLA's commitment to returning value to its investors amidst ongoing developments in the electronics industry.

KLA Corporation (NASDAQ: KLAC) has appointed Robert Calderoni as the new chair of the Board of Directors, succeeding Edward Barnholt, who served since 2006. Calderoni, an independent director since 2007, brings over 30 years of executive experience, previously holding leadership roles at Citrix Systems, Ariba, SAP AG, and Avery Dennison. He expressed his commitment to enhancing KLA's position in the semiconductor industry, aiming for sustainable profitability. CEO Rick Wallace commended Calderoni's leadership, emphasizing his invaluable contributions to the company.

KLA Corporation reported its Q1 FY 2023 results with total revenues of $2.72 billion and a GAAP diluted EPS of $7.20, exceeding revenue and earnings guidance. The company generated $1.01 billion in cash flow from operations and returned $277.8 million to shareholders in the quarter. Despite challenges in electronics markets, KLA expects sequential growth and robust demand for its products, providing a revenue guidance range of $2.65 billion to $2.95 billion for Q2 FY 2023. Non-GAAP diluted EPS is projected between $6.30 and $7.70.

KLA Corporation (NASDAQ: KLAC) has launched the Orbotech Corus™ 8M direct imaging system, revolutionizing PCB and IC substrate manufacturing. This platform offers automated double-sided imaging, achieving fine resolution down to 8µm line width and high registration accuracy of ±5µm. Enhanced technologies ensure greater process uniformity and performance, particularly for high-density interconnects in advanced devices like smartphones. The new platform integrates advanced target acquisition and contributes to reduced contamination risks, showcasing KLA's commitment to precision technology in the electronic manufacturing sector.

KLA Corporation (NASDAQ: KLAC) will review its first quarter fiscal year 2023 earnings on October 26, 2022, at 2 p.m. PT. The earnings results will be published the same day after market close, along with supplementary disclosures including a shareholder letter and earnings presentation. Investors can access all earnings materials and the live webcast on KLA's Investor Relations page. A replay of the webcast will also be available. KLA specializes in advanced process control and solutions for various sectors within the electronics industry.

KLA Corporation (NASDAQ: KLAC) plans to invest over $100 million to establish a new R&D and manufacturing center in Newport, Wales. The facility will span 200,000 square feet, featuring offices, cleanrooms, and support facilities, aiming to accommodate 750 employees. The project, set for completion in early 2025, aligns with KLA's growth in its SPTS division and focuses on sustainable design to achieve a BREEAM Excellent rating. This expansion is expected to bolster collaboration with local universities and enhance KLA's semiconductor capabilities.

KLA Corporation (NASDAQ: KLAC) has announced ambitious targets to reduce its Scope 1 and 2 emissions by 50% by 2030 and achieve net zero emissions by 2050. These goals align with the Science Based Targets Initiative and reflect KLA's commitment to sustainable growth amid global climate concerns. The company also reported a total of $3.9 million in grants for community support and COVID-19 relief, alongside efforts to enhance inclusion and diversity. KLA aims to utilize 100% renewable electricity by 2030, furthering its focus on environmental responsibility.

KLA Corporation (NASDAQ: KLAC) has announced three upcoming investor conference webcasts. The events include: the 2nd Annual Evercore ISI Technology Conference on Sept. 8, 2022, at 11:00 a.m. ET; Citi's 2022 Global Technology Conference on Sept. 9, 2022, at 10:30 a.m. ET; and Goldman Sachs Communacopia + Technology Conference on Sept. 13, 2022, at 10:45 a.m. PT. Live webcasts will be accessible on KLA's Investor Relations page, with replays available post-event. For more details, visit ir.kla.com.

KLA Corporation (NASDAQ: KLAC) declared a quarterly cash dividend of $1.30 per share, set to be paid on Sept. 1, 2022. Shareholders must be on record by the close of business on Aug. 15, 2022. This decision underscores KLA's commitment to returning value to its investors, reflecting confidence in its financial health and ongoing operational stability.