---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-093934"
form_type: "8-K"
ticker: "ONTO"
cik: "0000704532"
company_name: "ONTO INNOVATION INC."
filed_at: "2024-08-08T23:59:59+00:00"
generated_at: "2026-05-31T11:24:33.743290+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Onto Innovation Q2 revenue $242M beats guidance; EPS $1.07 GAAP, $1.32 non-GAAP

## Summary
- Revenue $242M, above high-end guidance of ~$235M; up 27% YoY from $191M.
- GAAP EPS $1.07, non-GAAP EPS $1.32, both above guidance ranges.
- Record specialty/advanced packaging revenue $164M; closed $300M+ purchase agreements for AI packaging and gate-all-around.
- Q3 guidance: revenue $245-255M, non-GAAP EPS $1.25-1.35.
- Cash from operations $65M (27% of revenue); gross margin 53%.

## SEC filing metadata
- accession: 0000950170-24-093934
- form_type: 8-K
- ticker: ONTO
- cik: 0000704532
- company_name: ONTO INNOVATION INC.
- filed_at: 2024-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/704532/000095017024093934/0000950170-24-093934-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/704532/000095017024093934/onto-20240808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-093934
- JSON: https://secwatch.observer/filing/0000950170-24-093934.json
- Plain text: https://secwatch.observer/filing/0000950170-24-093934.txt

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