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FOR IMMEDIATE RELEASE Investor Relations : Kevin Kessel , CFA Vice President , Investor Relations ( 408 ) 875-6627 kevin.kessel@kla.com Media Relations : Randi Polanich Vice President and Chief Communications Officer ( 408 ) 875-6633 randi.polanich@kla.com KLA CORPORATION REPORTS FISCAL 2021 THIRD QUARTER RESULTS Total revenues were $ 1.80 billion , finishing at the upper end of the range of guidance ; • GAAP diluted EPS attributable to KLA was $ 3.66 , and non - GAAP diluted EPS attributable to KLA was $ 3.85 , each also finishing at the upper end of the range of guidance ; • Cash flow from operations and free cash flow were both records at $ 646.2 million and $ 585.0 million , respectively ; • Capital return was $ 412.7 million with $ 139.3 million in dividends and $ 273.4 million in share repurchases MILPITAS , Calif . , April 29 , 2021- -KLA Corporation ( NASDAQ : KLAC ) today announced operating results for its third quarter of fiscal year 2021 , which ended on March 31 , 2021 , and reported GAAP net income attributable to KLA of $ 567 million and GAAP earnings per diluted share attributable to KLA of $ 3.66 on revenue of $ 1.80 billion . Link : https://mma.prnewswire.com/media/806571/KLA_Corporation_Logo.jpg " KLA's March quarter results demonstrate strong momentum in our business . We have seen a sharp increase in business levels in each of our major end markets , driven by secular demand trends across a broad range of semiconductor markets and applications , ” commented Rick Wallace , president and chief executive officer of KLA Corporation . “ Against this backdrop , KLA continues to demonstrate our ability to meet customer requirements while growing operating profits , generating record free cash flow , and maintaining our long - term strategy of productive capital allocation . " Total revenue Net Income Attributable to KLA Net Income per Diluted Share Attributable to KLA GAAP Results Q3 FY 2021 $ 1,804 million $ 567 million $ 3.66 Q2 FY 2021 $ 1,651 million $ 457 million $ 2.94 Q3 FY 2020 $ 1,424 million $ 78 million $ 0.50 Non - GAAP Results Q3 FY 2021 Net Income Attributable to KLA $ 598 million Net Income per Diluted Share Attributable to KLA $ 3.85 Q2 FY 2021 $ 504 million $ 3.24 Q3 FY 2020 $ 389 million $ 2.47 A reconciliation between GAAP operating results and non - GAAP operating results is provided following the financial statements included in this release . KLA will discuss the results for its fiscal year 2021 third quarter , along with its outlook , on a conference call today beginning at 2 p.m. PT . A webcast of the call will be available at : www.kla.com . Fourth Quarter Fiscal 2021 Guidance The following details our guidance for the fourth quarter of fiscal 2021 ending in June : • Total revenue between $ 1,755 million to $ 1,955 million • GAAP gross margin is expected to be in a range of 58 % to 61 % • Non - GAAP gross margin is expected to be in a range of 61 % to 63 % • GAAP diluted EPS attributable to KLA is expected to be in a range of $ 3.20 to $ 4.08 1