secwatch.observer — SEC 8-K summary
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Issuer:     ONTO INNOVATION INC. (ONTO)
CIK:        0000704532
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0000950170-23-062092
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/704532/000095017023062092/0000950170-23-062092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/704532/000095017023062092/onto-20231109.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-062092

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