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QUARTERLY CONSOLIDATED RESULTS OF OPERATIONS (UNAUDITED) (Tables)
12 Months Ended
Jun. 30, 2020
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
The following is a summary of our quarterly consolidated results of operations (unaudited) for the fiscal years ended June 30, 2020 and 2019.
(In thousands, except per share data)First Quarter Ended September 30, 2019Second Quarter Ended December 31, 2019Third Quarter Ended March 31, 2020Fourth Quarter Ended June 30, 2020
Total revenues$1,413,414  $1,509,453  $1,423,964  $1,459,593  
Gross margin$809,173  $875,835  $833,806  $838,049  
Net income attributable to KLA$346,525  $380,555  $78,452  $411,253  
Net income attributable to KLA per share:
Basic(2)
$2.18  $2.42  $0.50  $2.65  
Diluted(2)
$2.16  $2.40  $0.50  $2.63  
(In thousands, except per share data)First Quarter Ended September 30, 2018Second Quarter Ended December 31, 2018Third Quarter Ended March 31, 2019Fourth Quarter Ended June 30, 2019
Total revenues(1)
$1,093,260  $1,119,898  $1,097,311  $1,258,435  
Gross margin$711,873  $711,638  $610,366  $665,650  
Net income (loss) attributable to KLA(3)
$395,944  $369,100  $192,728  $217,845  
Net income (loss) attributable to KLA per share:
Basic(2)
$2.55  $2.43  $1.23  $1.36  
Diluted(2)
$2.54  $2.42  $1.23  $1.35  
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(1)On February 20, 2019, we completed the acquisition of Orbotech for total consideration of approximately $3.26 billion. The operating results of Orbotech have been included in our Consolidated financial statements for the fiscal year ended June 30, 2019 from the Acquisition Date. For additional details, refer to Note 6 “Business Combinations”.
(2)Basic and diluted net income (loss) per share were computed independently for each of the quarters presented based on the weighted-average basic and fully diluted shares outstanding for each quarter. Therefore, the sum of quarterly basic and diluted net income (loss) per share information may not equal annual basic and diluted net income (loss) per share.