secwatch.observer — SEC 8-K summary
======================================

Issuer:     ONTO INNOVATION INC. (ONTO)
CIK:        0000704532
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0000950170-23-017837
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Onto Innovation Q1 revenue $199M, GAAP EPS $0.59; guides Q2 rev ~$203M
----------------------------------------------------------------------

- Revenue $199M, down from $241.4M YoY; GAAP net income $29.1M vs $53.3M.
- Non-GAAP diluted EPS $0.92, down from $1.31 YoY; cash from ops $50M (25% of revenue).
- Top-3 semiconductor maker signed $90M volume purchase agreement for 2023 deliveries.
- Q2 guidance: revenue $203M ±4%, non-GAAP diluted EPS $0.75-$0.90.
- 18 power customers placed first-time orders; advanced logic revenue tied to 5nm-2nm nodes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/704532/000095017023017837/0000950170-23-017837-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/704532/000095017023017837/onto-20230504.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-017837

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer