secwatch.observer — SEC 8-K summary
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Issuer:     ONTO INNOVATION INC. (ONTO)
CIK:        0000704532
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0001564590-22-017434
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Onto Innovation Q1: Record revenue $241M (+43% YoY), EPS $1.07 beats guidance
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- Record revenue $241M (+43% YoY); GAAP EPS $1.07, non-GAAP EPS $1.31, both above guidance.
- Net income $53.3M (+121% YoY); gross margin 54%, operating margin 24% GAAP / 31% non-GAAP.
- Advanced Nodes rev $100M (+42%); Specialty & Advanced Packaging $100M (+58%); Software & Services $41M (+17%).
- Cash $542M (+$30.6M QoQ); working capital $847.6M; AR $206.7M, inventory $263M.
- Q2 guidance: rev $234-248M, GAAP EPS $0.90-1.09, non-GAAP EPS $1.16-1.35; supply chain headwinds persist.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/704532/000156459022017434/0001564590-22-017434-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/704532/000156459022017434/onto-8k_20220503.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-017434

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