secwatch.observer — SEC 8-K summary
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Issuer:     ONTO INNOVATION INC. (ONTO)
CIK:        0000704532
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0000950170-24-012766
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Onto Innovation Q4 revenue $219M beats high end of guidance; non-GAAP EPS $1.06
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- Q4 revenue $219M above guidance; GAAP EPS $0.61, non-GAAP EPS $1.06.
- Full-year specialty/advanced packaging revenue $503M record (+14% YoY); power semiconductor revenue up 40% YoY.
- Record quarterly cash from ops $62M (28% revenue); full year cash from ops $172M (+26% YoY).
- Introduced Firefly G3 for panel substrates; JetStep X500 order from first glass substrate customer.
- Q1 2024 guidance: revenue $215-230M, non-GAAP EPS $1.00-1.20.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/704532/000095017024012766/0000950170-24-012766-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/704532/000095017024012766/onto-20240208.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-012766

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