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0 0 0 0.00235849056603774 -9.43396226414236E-05 -0.0141509433962264 -0.00938679245283023 0.00943396226415094
Stock impact report

Onto Innovation Reports 2024 First Quarter Results

Onto Innovation Inc. (ONTO) 
Last onto innovation inc. earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: Business Wire
Process control equipment for AI packaging drives revenue to high end of guidance WILMINGTON, Mass.--(BUSINESS WIRE)--Onto Innovation Inc. (NYSE: ONTO) (“Onto Innovation,” “Onto,” or the “Company”) today announced financial results for the first fiscal quarter of 2024.First Quarter Financial HighlightsRevenue of $229 million, driven by customer capacity expansions for high-performance computing (HPC) and high bandwidth memory (HBM) supporting AI market growth.GAAP gross margin and non-GAAP gross margin of 52%.GAAP operating income of $43 million and GAAP net income of $47 million.Non-GAAP operating income of $57 million and non-GAAP net income of $58 million.GAAP diluted earnings per share of $0.94 and non-GAAP diluted earnings per share of $1.18.Cash from operations of $57 million, or 25% of revenue.First Quarter Business HighlightsRevenue from specialty and advanced packaging customers set another quarterly record of $161 million.Dragonfly® G3 inspection system shipments to suppo Show less Read more
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