---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-041317"
form_type: "8-K"
ticker: "ONTO"
cik: "0000704532"
company_name: "ONTO INNOVATION INC."
filed_at: "2023-08-10T23:59:59+00:00"
generated_at: "2026-06-11T19:52:09.314292+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-041317
- form_type: 8-K
- ticker: ONTO
- cik: 0000704532
- company_name: ONTO INNOVATION INC.
- filed_at: 2023-08-10T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/704532/000095017023041317/0000950170-23-041317-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/704532/000095017023041317/onto-20230810.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-041317
- JSON: https://secwatch.observer/filing/0000950170-23-041317.json
- Plain text: https://secwatch.observer/filing/0000950170-23-041317.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/704532/000095017023041317/0000950170-23-041317-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.