Onto Innovation Q3 revenue $252M, GAAP EPS $1.07; Q4 guidance $253-267M

ONTO INNOVATION INC.

2024-Q3 EPS reported $3.08 revenue$723,382,000

Revenue $252.2M, up 22% YoY; GAAP net income $53.1M ($1.07 diluted EPS); non-GAAP EPS $1.34.
Record inspection revenue led by Dragonfly platform; power semiconductor revenue also a record.
Advanced nodes revenue grew >30% sequentially; GAAP gross margin 54%, non-GAAP 55%.
Cash from operations $67M (27% of revenue); Q4 guidance: revenue $253-267M, GAAP EPS $1.04-1.19.
Opened Packaging Applications Center of Excellence (PACE) for 2.5D/3D development.

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