Onto Innovation Q2 revenue falls 26% to $191M, non-GAAP EPS $0.79; guides Q3 $205-225M

ONTO INNOVATION INC.

2023-Q2 EPS reported $1.12 revenue$389,827,000

Revenue $190.7M, down 26% YoY from $256.3M; GAAP EPS $0.53, non-GAAP $0.79.
Three lithography system shipments delayed to add customer-specific enhancements, reducing quarterly revenue.
Inspection revenue for AI heterogeneous packaging and HBM >$20M; specialty/advanced packaging up >20% QoQ; power up >35% QoQ.
Q3 guidance: revenue $205-225M, GAAP EPS $0.59-0.79, non-GAAP EPS $0.85-1.05.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ONTO INNOVATION INC. reported fiscal second quarter ended July 1, 2023 results: revenue $191 million, net income GAAP net income of $26 million, EPS GAAP diluted earnings per share of $0.53.

Period: fiscal second quarter ended July 1, 2023
Revenue: $191 million
Net income: GAAP net income of $26 million
EPS: GAAP diluted earnings per share of $0.53
Result: reported results

Exact text from the filing

Quarter Financial Highlights • Expected revenue reduced by three lithography system shipments that were delayed to add a customer-specific enhancement package, resulting in $191 million quarterly revenue. • GAAP gross margin and non-GAAP gross margin of 53%. • GAAP operating income of $25 million and GAAP net income of $26 million. • Non-GAAP operating income of

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Source: SEC EDGAR

accession 0000950170-23-041317

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