KLA (KLAC) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter declined compared to both the prior quarter and the same quarter last year. The decrease reflects a continuation of the downward trend observed over recent periods.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q3
Revenue for the quarter declined compared to both the prior quarter and the same quarter last year. The decrease reflects a continuation of the downward trend observed over recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.4B
Revenue reported for this quarter.
Quarter-over-quarter
-5.1%
Change from the immediately preceding quarter.
Year-over-year
-3.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.6B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $2.4B | -5.3% |
| Sep 30, 2023 | $2.4B | -12.0% |
| Dec 31, 2023 | $2.5B | -16.7% |
| Mar 31, 2024 | $2.4B | -3.0% |
Revenue performance
Reported revenue was lower than the immediately preceding quarter, marking a sequential decline. Compared with the same quarter one year earlier, revenue also decreased.
Quarterly comparison
The sequential decline from the prior quarter was steeper than the year-over-year decline. The trailing twelve-month revenue remained at a level consistent with the current quarter's annualized run rate.
What to watch
The filing context does not provide specific commentary on revenue drivers for this quarter.