---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-056963"
form_type: "8-K"
ticker: "ONTO"
cik: "0000704532"
company_name: "ONTO INNOVATION INC."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T07:32:06.017864+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-056963
- form_type: 8-K
- ticker: ONTO
- cik: 0000704532
- company_name: ONTO INNOVATION INC.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/704532/000095017024056963/0000950170-24-056963-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/704532/000095017024056963/onto-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-056963
- JSON: https://secwatch.observer/filing/0000950170-24-056963.json
- Plain text: https://secwatch.observer/filing/0000950170-24-056963.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/704532/000095017024056963/0000950170-24-056963-index.htm

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