for XX EPS KLA highlights. our Thank with Rick, the quarter Slide quarter and you, and a high good everyone. turn for Please of to September revenue review the in strong ranges. very end guidance This above coming each was afternoon of financial
the Our flow a Company. results record mark new free for also cash
for expected margin stronger also of upper the range billion, the XX%, to mix. X.XX Total the EPS to which was and both X.XX driven than in the for billion of XX.X% of range GAAP to EPS were XXXX was semi-process respectively. $X.XX, $X.XX was range the revenue non-GAAP XX% billion. for end X.XXX the X.XX $X.XX, Gross and was which guidance $X.XX incremental September guidance of of quarter quarter was and of guided X.XX above to the control by quarter revenue of growth above product
a was financial and as of on and levels XXX remain quarter million. markets across synergy focused million focus capital our results both and flow XXX proud quarter all of free is acquisition. came execution move this operations on exceptional the this with plans forward our record Our in Orbotech We're cash at flow we and we cash integration for executing
reflecting quarterly of in overtime thesis to This in returning returning cash our XXth XXth, we our strength marks increase XX% shareholders. flow commitment to of level to in per On key well our free our consecutive announced increase as $X.XX ability it to strategy, and annual grow KLA's share. business is generation confidence investment our our value as our to a quarterly dividend shareholders. level, our A September the commitment to element dividend cash the
in we and $XXX returning repurchased terms dividend equivalents during our a and we shareholders of stock also consistent capital the in $XXX upon effective and quarter, of regular paid were dividends investing units. quarterly as stock common million restricted million execution in In
commitments announced addition, at million return the authorization as as quarter board billion to end. Board an repurchase $X available In program, we in $X.X resulting we continuing additional to to capital shareholders share of to under authorized our Directors reaffirmed repurchase
to and the on end reportable was quarter, backwards Revenue control logic. XX turn Please breakdown up new and semi-process the segment and to billion the $X.XXX healthy foundry in for review key record XX% a the Slide strength at by markets. revenue sequentially segments
his demand XXXX by and and discuss driven easy WFE opening our stronger Rick the modestly in view is As foundry demand. approved investments of remarks, environment for
are now flat versus improvement, relatively to In XXXX. China contributing for increased be this native business where expectations this also is demand addition, to in XXXX for
was XX% founders XX% control As September, revenue last control very I of from mentioned semi XX% down quarter. last XX% Memory from in was approximately semi-process Logic total of XX% strong quarter. quarter. up versus XX% last crosses revenue at
leader segment. for turn SPTS I'll now RF advanced a Edge especially growing X% Revenue fast the applications packaging like as process $XX up and SPTS to and MEMS, and well solutions power markets. sequentially. in PVD specialty million, sensors, as semiconductor was in semiconductor devices is
While XXXX encouraged position has were issues in products, by been impacted semiconductor of and automotive for market the revenue by we the trade SPTS these a global market. slowdown ongoing
forma with for Despite inspection we XXXX includes segment was line Orbotech Component XXXX. PCB and deliver a SPTS roughly and Revenue in year display pro expectations. display that the former revenue segment $XXX businesses KLA's term these calendar sequentially PCB basis the flat near Component million and to down headwinds, levels in business. of X% This inspection expect on the are
XX%. Please follows. September revenue region. of the distribution quarter revenue XX%, inspection major major a includes and in inspection product semiconductor patterning by in for of was as display process Wafer breakdown radical part Specialty patterning Wafer semiconductor revenue control products by X%. turn process was X%. XX inspection segment. and are Slide which was The PCB to was was our of inspection category Component
revenue was Benchtop Service includes quarter. instruments mature in the in XX% is business enhancements and of Other X%. which the product analytical KLA pro
was Europe Korea split, U.S. was XX%, XX%, at terms China regional X% was was of X%. with rest In Asia of was Japan Taiwan the XX%, XX%, XX%, was
margin audit Please operating for were expenses quarter $XXX operating turn income XX a million. our tax XX.X%. now our was of under are rate highlights. to in related XX%, due other income tax planning tax Other to long just million expense effective to Slide rate taxes in the U.S. in term statement $XX the Total XX% The and was quarter below at decrease in resolution the September a was
per Non-GAAP earnings have the XX% rate per share planning would been under $X.XX share.
of income XX% as continue forward, rate. million $XXX $XXX million shares planning Going outstanding. term weighted to a use should long diluted and you Net had we average
in billion the We investment cash, and three Slide $X.X all flexible total ratings Please attractive and grade $X.X billion maturity turn agencies. a quarter profile by debt data XX. from supported with to ended
cash Slides to consistent and a XX has free turn high Please free to cash of history flow flow. conversion. review cash free generation KLA flow
just past averaged the conversion, and flow last has five we've been over a XX free years, Over over XXX% XX%. months the cash
differentiation and industry our leading and cash drives our the margins are flow innovation ultimately what Our free in marketplace conversion. gross
turn Please activity The repurchasing dividends only average continues was to at repurchase and repurchase annual the price of to to payout paying XX% been blacked inception. commitments return for compound period increased dividend out shareholders over XX. to Company's it form XXXX. The the a of share $XX when during KLA The the slightly since discussion. rate to execute has due also capital its is Slide years systematic merger to on since share exception both was increased to repurchases. in shares over the growth the
Slide to turn for December Please quarter XX XXXX guidance.
To base. total about in of among the expect Foundries rank being the be control see semi-process December revenue to customer of to range roughly December this XX% billion continue X% midpoint foundry quarter. the billion X.XXX system quarter. grow X.XXX to we in We our in of revenue to forecasted sequentially picking
memory semi-process next expect in continued revenue approximately system the We the segments revenue we quarter. be be X% XX% about is memory Logic of to of system December market. in reflecting expected control quarter, to see
the expect foundry up to second now the half year, XX% be of logic of versus we year the and For in half calendar combined half. the revenue second first over the
to range of in to on for margin Based December be product the expectations we gross mix XX% the quarter, XX%. forecast
to the In related XXX expenses operating as level to non-headcount be to well return drive costs to operating and we're in principally due with the taken new terms generation mitigation risk of December an to lower on million. of product relocate recent locations. certain actions leveraging long-term this We XXXX The cost in related to expect associated with quarters the expenses, footprint modeling impact through global higher as beginning would these for activity XXXX. approximately actions next timing see reduction expense from structural manufacturing activities bubble programs to KLA's cost engineering engineering them investments
will to synergies expenses is million, the forward other the XXX our XXX product As expenses quarter, million expectation levels into of run we move normalized today development offset as to operating March range that rate return back to acquisition and costs.
to the be other tax expect expense and in about XX%. be quarter We and to approximately XX December interest the million rate
we non-GAAP to of diluted per EPS $X.XX per GAAP share and $X.XX expect $X.XX to of earnings, For diluted share. $X.XX
a Our fully XXX on share of diluted EPS guidance shares. account million based approximately is
product headwinds. and leadership and momentum KLA portfolio is by and strong result quarter across we're September strong with relative delivering broad environment the diversified operating conclusion, in KLA and performance strengths discipline, the we've performance continued in encouraged seen some critical business. In many our segments demonstrates for the technology markets, relative across With remains what end our operational
turn Kevin to like to fab our I few I'd market the outlook for equipment make begin a the XXXX. call comments Before in qualitative the to over Q&A, wafer on
and While we've logic trajectories levels guidance see foundry a the experienced for or it investment XXXX. provide have consistent we investment is for year, specific strong with for year early have us too continue with what to to to in
demand competitive through with As in continue in dynamics progress roadmaps improving customers a and to technology diversify strong demand. environment,
in XXXX as better a we segments. supply expect condition approved both memory, overall management has of XXXX year the disciplined For in
control is year improving our behavior and control position, outperformance from this foundry on market contributions the and December KLA. the for process logic, another of quarter. to earnings Calendar and memory have up process reported the products. when We'll more and new setting strength we of XXXX intensity purchasing Given say for relative
turn Q&A. now I'll Kevin. back the to begin over to the call Kevin
