Onto Innovation Reports 2024 First Quarter Results [Yahoo! Finance]
Onto Innovation Inc. (ONTO)
Last onto innovation inc. earnings: 2/6 04:05 pm
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Source: Yahoo! Finance
WILMINGTON, Mass., May 09, 2024 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 Highlights Revenue 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 Highlights Revenue from specialty and advanced packaging customers set another quarterly record of $161 million. Dragonfly ® G3 inspection system shipments to support AI packaging increased over 30% above
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News
- Onto Innovation (ONTO) Surges 43.4% Year to Date: Will the Rally Last? [Yahoo! Finance]Yahoo! Finance
- Onto Innovation (ONTO) Rose on Increased Demand [Yahoo! Finance]Yahoo! Finance
- Onto Innovation Invites Customers and Investors to Schedule Meetings at SEMICON® West [Yahoo! Finance]Yahoo! Finance
- Onto Innovation Invites Customers and Investors to Schedule Meetings at SEMICON® WestBusiness Wire
- Onto Innovation Inc. (NYSE: ONTO) had its price target raised by analysts at B. Riley from $250.00 to $280.00. They now have a "buy" rating on the stock.MarketBeat
ONTO
Earnings
- 5/9/24 - Beat
ONTO
Sec Filings
- 6/11/24 - Form 4
- 6/10/24 - Form 144
- 6/10/24 - Form 4
- ONTO's page on the SEC website