Form 8-K · Current Report · Filed 2024-08-08
Onto Innovation Reports Strong Q2 2024 Financial Results
Onto Innovation Inc. reported strong financial results for its second fiscal quarter of 2024, with revenue of $242 million, exceeding the high end of guidance. The company saw growth driven by demand for AI packaging and orders for emerging gate-all-around nodes. Non-GAAP diluted earnings per share were $1.32, beating the company's guidance. The company also provided guidance for the third quarter, expecting revenue between $245 to $255 million and non-GAAP diluted earnings per share between $1.25 to $1.35.
- Filer
- Onto Innovation Inc. ONTO · NYSE
- Filed
- Accession
- 0000950170-24-093934
- CIK
- 0000704532
- Signal
- High impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
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Next session
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Since filing
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Latest close
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Precedent
Previous filings from ONTO reporting the same item, with the next session's move:
Exhibits (1)
About Onto Innovation Inc.
Onto Innovation Inc. is a leading company specializing in the development and provision of comprehensive metrology and inspection solutions for the semiconductor industry. Its primary function is to provide advanced analysis tools that ensure semiconductor manufacturers maintain high levels of quality and performance in their products. Onto Innovation's technology enables precise measurements and inspections, critical in the production of various electronic components including memory devices, logic chips, and power management systems. Notable for its cutting-edge technology, Onto Innovation’s systems are pivotal in the fabrication of nanoscale devices. The company serves a wide market including foundries, integrated device manufacturers (IDMs), and research institutions, impacting sectors such as consumer electronics, automotive, and telecommunications. With an ongoing evolution in electronics and the push for miniaturization, Onto Innovation plays a crucial role. In the financial market, Onto Innovation Inc. stands out as a key player in the semiconductor supply chain, known for its innovation and contributions to the emerging trends in semiconductor technology. Its market significance is underscored by its ability to adapt to the fast-paced advancements in the semiconductor industry, making it a critical enabler of future technological advancements.
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