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

Issuer:     ONTO INNOVATION INC. (ONTO)
CIK:        0000704532
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0000950170-23-041317
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/704532/000095017023041317/0000950170-23-041317-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/704532/000095017023041317/onto-20230810.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-041317

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