secwatch.observer — SEC 8-K summary
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Issuer:     ONTO INNOVATION INC. (ONTO)
CIK:        0000704532
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0000950170-24-119525
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/704532/000095017024119525/0000950170-24-119525-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/704532/000095017024119525/onto-20241031.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-119525

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