Dependency RiskHaving a single customer accounting for more than 10% of revenue increases the company's dependency on major clients, which could pose a risk to revenue stability.
Financial PerformanceKLA's reported remaining performance obligation balance declined, indicating a decrease in the company's future revenue commitments.
Operational ChangesKLA announced the exit of its flat panel display business, which will result in negative gross margin percentage and earnings per share impacts in the current quarter.