Filing Flows › KLA (KLAC) › Q3 FY25
KLA (KLAC) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 1, 2025
KLA (KLAC) reported revenue of $3.1B for the third quarter fiscal 2025 (Q3 FY25), +30% from a year earlier and -0.4% from the quarter before. Operating margin was 41.3%, net earnings $1.1B (35.5% of revenue).
KLA, Q3 FY25: revenue $3.1B (+30% year over year), operating margin 41.3%, net earnings $1.1B, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.1B | -0.4% | +30% |
| Operating profit | $1.3B | +30% | +80% |
| Net earnings | $1.1B | +32% | +81% |
| Operating cash flow | $1.1B | +26% | +18% |
| Free cash flow | $990M | — | +18% |
What changed
Revenue was $3.1B in Q3 FY25, up 30% year over year and roughly flat from the previous quarter. Wafer Inspection was the largest line at 49% of revenue. Wafer Inspection added $0.51B year over year (up 51%), 72% of the total change. Other declined 67%.
Operating profit was $1.3B, a 41.3% margin (up 11.5 points year over year). Of the extra revenue versus a year earlier, 80% reached operating profit, above the 30% margin then. Total costs grew 8% against revenue growth of 30%. The fastest-growing cost line was Cost of revenue (+18%). Net earnings were $1.1B, up 81% year over year. The effective tax rate was 13.9%.
Operating cash flow was $1.1B (up 18% year over year), 99% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.07B of share-based compensation. Working capital and other items used $0.18B. After capital expenditures ($0.08B), free cash flow as the company reports it was $1.0B.
Questions
What was KLA's revenue in the third quarter fiscal 2025?
KLA (KLAC) reported revenue of $3.1B for the third quarter fiscal 2025 (Q3 FY25), +30% from a year earlier and -0.4% from the quarter before.
Was KLA profitable in the third quarter fiscal 2025?
Operating profit was $1.3B (41.3% of revenue) and net earnings $1.1B.
Source: KLA 10-Q on SEC EDGAR.