Onto Innovation Q1 revenue $229M, GAAP EPS $0.94, non-GAAP $1.18; guides Q2 rev $230-240M

ONTO INNOVATION INC.

2024-Q1 EPS reported $0.94 revenue$228,846,000

Revenue $229M, at high end of guidance; GAAP EPS $0.94, non-GAAP EPS $1.18.
GAAP gross margin 52%, non-GAAP 52%; cash from operations $57M (25% of revenue).
Specialty/advanced packaging revenue record $161M; Dragonfly G3 shipments up >30% QoQ.
Q2 2024 guidance: revenue $230-240M, GAAP EPS $0.88-1.00, non-GAAP EPS $1.14-1.26.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.4

ONTO INNOVATION INC. reported first fiscal quarter ended March 30, 2024 results: revenue $229 million. Guidance reaffirmed.

Period: first fiscal quarter ended March 30, 2024
Revenue: $229 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

ONTO) (“Onto Innovation,” “Onto,” or the “Company”) today announced financial results for the first fiscal quarter of 2024. First Quarter Financial Highlights • Revenue of $229 million, driven by customer capacity expansions for high-performance computing (HPC) and high bandwidth memory (HBM) supporting AI market growth. • GAAP gross margin and non-GAAP gross

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Source: SEC EDGAR

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