KLA Corporation

Good afternoon, everyone. My name is Beau, and I will be your conference operator today. At this time, I would like to welcome everyone to the KLA Corporation June quarter 2025 earnings conference call and webcast. All participant lines have been placed in a listen-only mode to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question at that time, please press star 1 on your telephone keypad. If you do wish to remove yourself from the queue, please press star 2. Please limit yourself to one question and one follow-up. Lastly, if you should need operator assistance during the call today, please press star zero. I would now like to turn the call over to Kevin Kessel, Vice President of Investor Relations and Market Analytics. Please go ahead, sir.

Kevin Kessel, Vice President of Investor Relations and Market Analytics. Welcome to the June 2025 quarterly earnings call. I am joined by our CEO, Rick Wallace, and our CFO, Brent Higgins. We will discuss today's results as well as our September quarter outlook released after the market closed and available on our website along with supplemental materials. We are presenting today's discussion and metrics on a non-GAAP financial basis unless otherwise specified. All full year references may refer to calendar years. The earnings materials contain a detailed reconciliation of GAAP to non-GAAP results. AOA's IR website also contains future events, presentations, corporate governance information, and links to our SEC filings. Our comments today are subject to risks and uncertainties reflected in the disclosure 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 start with introductory comments on the business environment and our quarter, followed by Bren with financial highlights and our outlook. Now over to Rick. Thanks, Kevin.

I'm going to cover KLA's business highlights for the June 2020 high 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. We were at or above the high end of our guidance ranges. Specifically, revenue was $3.175 billion. Non-GAAP-diluted EPS was $9.38, and GAAP-diluted EPS was $9.06. We also had record-free cash flow of over a billion dollars for the quarter.