secwatch.observer — SEC 8-K summary
======================================

Issuer:     ONTO INNOVATION INC. (ONTO)
CIK:        0000704532
Form:       8-K
Filed at:   2022-08-09T23:59:59+00:00
Accession:  0001564590-22-028752
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Onto Innovation Q2 record revenue $256M (+33% YoY); EPS $1.03; guides Q3 $242M-$258M
--------------------------------------------------------------------------------

- Record quarterly revenue of $256M, up 33% YoY; GAAP net income $51.6M, diluted EPS $1.03.
- Non-GAAP diluted EPS $1.28 (+39% YoY); non-GAAP operating margin 29%.
- Cash balance $545M; Echo opaque film metrology launched with $20M initial backlog.
- Q3 guidance: rev $242M-$258M, GAAP EPS $0.95-$1.16, non-GAAP EPS $1.21-$1.42.
- Atlas V OCD qualified for 2nm/GAA structures; JetStep recognized $20M revenue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/704532/000156459022028752/0001564590-22-028752-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/704532/000156459022028752/onto-8k_20220809.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-028752

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