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KLA Corporation (KLAC) CEO Rick Wallace on Q1 2020 Results - Earnings Call Transcript

May 05, 2020 11:56 PM ETKLA Corporation (KLAC)
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KLA Corporation (NASDAQ:KLAC) Q1 2020 Earnings Conference Call May 5, 2020 5:00 PM ET

Company Representatives

Rick Wallace - Chief Executive Officer

Bren Higgins - Chief Financial Officer

Kevin Kessel - Vice President of Investor Relations

Conference Call Participants

Harlan Sur - JP Morgan

John Pitzer - Credit Suisse

Krish Sankar - Cowen & Company

C.J. Muse - Evercore

Vivek Arya - Bank of America Securities

Timothy Arcuri - UBS

Quinn Bolton - Needham & Company

Joe Quatrochi - Wells Fargo


Ladies and gentlemen, thank you for standing by, and welcome to the KLA Corporation, Third Quarter Fiscal 2020 Earnings Conference Call. At this time all participants are in a listen-only mode. After the speaker remarks there will be a question-and-answer session. [Operator Instructions].

I would now like to hand the conference over to Mr. Kevin Kessel, Vice President of Investor Relations with KLA Corporation. Thank you, sir. Please go ahead.

Kevin Kessel

Thank you, Charlie, and welcome to KLA's earnings conference call to discuss the results of the March 2020 quarter and the outlook for the June quarter. Joining me today is Rick Wallace, our Chief Executive Officer; and Bren Higgins our Chief Financial Officer.

During today's conference call we will discuss quarterly results for the period ending March 31, 2020 that we released today after the market closed and can be found on the investor relations section of our website.

Today's discussion and our financial results and outlook is presented on a non-GAAP financial basis, unless otherwise specified. A detailed reconciliation of GAAP to non-GAAP results is in today's earnings press release and the earnings slide presentation posted on the KLA IR website, along with our newly published shareholder letter.

Our IR website also contains a calendar of future Virtual Investor Events and Presentations, Corporate Governance Information, including our

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