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KLA + 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 2022 First Quarter Results Total revenues were $ 2.08 billion , finishing towards the upper end of the range of guidance ; GAAP diluted EPS attributable to KLA was $ 6.96 , above the upper end of the range of guidance , and non - GAAP diluted EPS attributable to KLA was $ 4.64 , finishing towards the upper end of the range of guidance ; Cash flow from operations and free cash flow were both records at $ 863.8 million and $ 794.8 million , respectively ; Capital returns for the quarter were $ 562.5 million with $ 162.8 million in dividends and $ 399.7 million in share repurchases . MILPITAS , Calif . , Oct. 27 , 2021 - KLA Corporation ( NASDAQ : KLAC ) today announced operating results for its first quarter of fiscal year 2022 , which ended on September 30 , 2021 , and reported GAAP net income attributable to KLA of $ 1.07 billion and GAAP earnings per diluted share attributable to KLA of $ 6.96 on revenue of $ 2.08 billion . Logo - https://mma.prnewswire.com/media/806571/KLA_Corporation_Logo.jpg " KLA's track record of consistent execution and sustainable outperformance was evident during the September 2021 quarter , demonstrating the strong momentum in our core markets and the attractive operating leverage inherent in the KLA financial model , " commented Rick Wallace , president and chief executive officer of KLA Corporation . " KLA continues to outperform expectations despite significant supply chain challenges by operating with purpose and precision and focusing on creating value for our customers , partners , and shareholders alike . KLA's execution is powered by our global teams continuing to go above and beyond , to meet the challenges and opportunities of the marketplace . " GAAP Results Total Revenue Net Income Attributable to KLA Net Income per Diluted Share Attributable to KLA Q1 FY 2022 $ 2,084 million $ 1,068 million $ 6.96 Q4 FY 2021 $ 1,925 million $ 633 million $ 4.10 Q1 FY 2021 $ 1,539 million $ 421 million $ 2.69 Non - GAAP Results Net Income Attributable to KLA Net Income per Diluted Share Attributable to KLA Q1 FY 2022 $ 712 million $ 4.64 Q4 FY 2021 $ 684 million $ 4.43 Q1 FY 2021 $ 475 million $ 3.03 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 2022 first quarter , along with its outlook , on a conference call today beginning at 2:00 p.m. Pacific Time . A webcast of the call will be available at : www.kla.com . 1