Onto Innovation Inc

ONTO

Equity

ISIN US6833441057 / Valor 50532534

New York Stock Exchange, Inc (2025-03-28)

USD 122.07-4.94%

Onto Innovation Inc
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About company

Onto Innovation Inc, formed through the merger of Nanometrics and Rudolph Technologies, is a global leader in process control solutions for the semiconductor industry. With a rich history dating back to 1975, the company offers a wide range of cutting-edge technologies including unpatterned wafer quality, 3D metrology, defect inspection, metal interconnect composition, factory analytics, and lithography for advanced semiconductor packaging. Headquartered in Wilmington, Massachusetts, Onto Innovation serves customers worldwide with a focus on optimizing critical paths, improving yield, device performance, quality, and reliability. Through their software solutions, the company enables customers to enhance product quality and reliability by understanding how individual processes impact the overall product. With a strong emphasis on innovation and customer support, Onto Innovation continues to drive advancements in the semiconductor industry.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Onto Innovation Inc. reported revenue of $252 million for the third quarter of 2024, marking a significant increase driven by a recovery in advanced nodes and robust demand in advanced packaging, particularly supporting AI applications.

Profit Margins

The company achieved a GAAP gross margin of 54% and a non-GAAP gross margin of 55% for the third quarter of 2024, reflecting strong operational execution and cost management.

Net Income

Onto Innovation Inc. recorded a GAAP net income of $53 million and a non-GAAP net income of $66 million for the third quarter of 2024, with GAAP diluted earnings per share at $1.07 and non-GAAP diluted earnings per share at $1.34, both near the high end of the guidance range.

Cash Flow

The company reported record cash from operations of $67 million, which represents 27% of the total revenue for the third quarter of 2024, highlighting strong cash generation capabilities.

Future Outlook

For the fourth quarter of 2024, Onto Innovation Inc. anticipates revenue to be in the range of $253 to $267 million, with GAAP diluted earnings per share expected between $1.04 and $1.19, and non-GAAP diluted earnings per share projected to be between $1.33 and $1.48.

Summarized from source with an LLMView Source

Key figures

-32.6%1Y

37.6%3Y

328%5Y

Performance

56.9%1Y

51.9%3Y

54.1%5Y

Volatility