secwatch.observer — SEC 8-K summary
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Issuer:     ONTO INNOVATION INC. (ONTO)
CIK:        0000704532
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0000950170-24-056963
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/704532/000095017024056963/0000950170-24-056963-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/704532/000095017024056963/onto-20240509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-056963

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