---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-062092"
form_type: "8-K"
ticker: "ONTO"
cik: "0000704532"
company_name: "ONTO INNOVATION INC."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T08:04:11.936471+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Onto Innovation Q3 revenue $207M, EPS $0.73; specialty/advanced packaging record $135M

## Summary
- Revenue $207M, impacted by ~$10M from delayed litho shipments; GAAP gross margin 52%, non-GAAP 52%.
- GAAP EPS $0.73, non-GAAP EPS $0.96; net income $35.9M GAAP, $47.6M non-GAAP.
- Specialty & advanced packaging revenue $135M (+19% sequentially), a quarterly record.
- Dragonfly G3 shipments for AI packaging up >50% QoQ; Element S delivered to 5 new SiC customers.
- Q4 guidance: revenue $200-216M, GAAP EPS $0.58-0.78, non-GAAP EPS $0.90-1.10.

## SEC filing metadata
- accession: 0000950170-23-062092
- form_type: 8-K
- ticker: ONTO
- cik: 0000704532
- company_name: ONTO INNOVATION INC.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/704532/000095017023062092/0000950170-23-062092-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/704532/000095017023062092/onto-20231109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-062092
- JSON: https://secwatch.observer/filing/0000950170-23-062092.json
- Plain text: https://secwatch.observer/filing/0000950170-23-062092.txt

## Key facts
- Earnings Releases
  ONTO INNOVATION INC. reported third fiscal quarter of 2023 results: revenue $207 million, net income $36 million, EPS $0.73.
  - Period: third fiscal quarter of 2023
  - Revenue: $207 million
  - Net income: $36 million
  - EPS: $0.73
  - Result: reported results
  source text: Third Quarter Financial Highlights • Revenue of $207 million was impacted by approximately $10 million as a result of two delayed lithography system shipments to chiplet substrate manufacturers.
  evidence_url: https://www.sec.gov/Archives/edgar/data/704532/000095017023062092/0000950170-23-062092-index.htm

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