secwatch.observer — SEC 8-K summary
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Issuer:     ONTO INNOVATION INC. (ONTO)
CIK:        0000704532
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0000950170-24-093934
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/704532/000095017024093934/0000950170-24-093934-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/704532/000095017024093934/onto-20240808.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-093934

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