Onto Innovation Reports 2024 Third Quarter Results
Onto Innovation Inc. (ONTO)
Last onto innovation inc. earnings: 2/6 04:05 pm
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Source: Business Wire
Solid execution drives revenue, gross margin and EPS in the upper half of guidance WILMINGTON, Mass.--(BUSINESS WIRE)--Onto Innovation Inc. (NYSE: ONTO) (“Onto Innovation,” “Onto,” or the “Company”) today announced financial results for the third fiscal quarter of 2024.Third Quarter Financial HighlightsRevenue of $252 million led by a recovery in advanced nodes and continued strength in advanced packaging supporting strong AI demand.GAAP gross margin 54% and non-GAAP gross margin of 55%.GAAP operating income of $53 million and non-GAAP operating income of $70 million.GAAP net income of $53 million and non-GAAP net income of $66 million.GAAP diluted earnings per share of $1.07 and non-GAAP diluted earnings per share of $1.34 were near the high end of guidance range.Record cash from operations of $67 million, or 27% of revenue.Third Quarter Business HighlightsRecord quarterly inspection revenue led by the Dragonfly® platform.Record quarterly revenue from power semiconductor customers
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News
- Onto Innovation Inc. (NYSE:ONTO) Third-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For Next Year [Yahoo! Finance]Yahoo! Finance
- Onto Innovation Inc. (NYSE: ONTO) had its price target lowered by analysts at Jefferies Financial Group Inc. from $265.00 to $245.00. They now have a "buy" rating on the stock.MarketBeat
- Onto Innovation Inc. (NYSE: ONTO) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $230.00 price target on the stock.MarketBeat
- Onto Innovation Inc. (NYSE: ONTO) had its price target raised by analysts at Oppenheimer Holdings Inc. from $260.00 to $275.00. They now have an "outperform" rating on the stock.MarketBeat
- Onto Innovation Inc. (NYSE: ONTO) had its price target lowered by analysts at Needham & Company LLC from $245.00 to $230.00. They now have a "buy" rating on the stock.MarketBeat
ONTO
Earnings
- 10/31/24 - Beat
ONTO
Sec Filings
- 10/31/24 - Form 10-Q
- 10/31/24 - Form 8-K
- 10/28/24 - Form 4
- ONTO's page on the SEC website