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 (ONTO) Stock Sinks As Market Gains: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Onto Innovation Inc.'s (NYSE:ONTO) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong? [Yahoo! Finance]Yahoo! Finance
- Onto Innovation Inc. (NYSE: ONTO) had its "outperform" rating re-affirmed by analysts at Oppenheimer Holdings Inc.. They now have a $275.00 price target on the stock.MarketBeat
- Why Is Onto Innovation (ONTO) Among the Best Semiconductor Equipment Stocks to Buy Now? [Yahoo! Finance]Yahoo! Finance
- Why Onto Innovation Inc. (NYSE:ONTO) Could Be Worth Watching [Yahoo! Finance]Yahoo! Finance
ONTO
Earnings
- 10/31/24 - Beat
ONTO
Sec Filings
- 12/4/24 - Form 4
- 12/4/24 - Form 4
- 12/3/24 - Form 3
- ONTO's page on the SEC website