Onto Innovation Q3 2023 Earnings Report

Onto Innovation EPS Results

• Actual EPS: $0.96
• Consensus EPS: $0.95
• Beat/Miss: Beat by +$0.01
• One Year Ago EPS: $1.35

Onto Innovation Revenue Results

• Actual Revenue: $207.19 million
• Expected Revenue: $215.20 million
• Beat/Miss: Missed by -$8.01 million
• YoY Revenue Growth: -18.50%

Onto Innovation Announcement Details

• Quarter: Q3 2023
• Date: 11/9/2023
• Time: After Market Closes

Onto Innovation (NYSE:ONTO) engages in the design, development, manufacture, and support of process control tools that performs optical metrology. The company offers lithography systems and process control analytical software. It also offers process and yield management solutions, and device packaging and test facilities through standalone systems for optical metrology, macro-defect inspection, packaging lithography, and transparent and opaque thin film measurements. In addition, the company provides process control software portfolio that includes solutions for standalone tools, groups of tools, and enterprise-or factory-wide suites. Further, it engages in systems software, spare parts, and other services, as well as offers software licensing services. The company's products are used in semiconductor and advanced packaging device manufacturers; silicon wafer; light emitting diode; vertical-cavity surface-emitting laser; micro-electromechanical system; CMOS image sensor; power device; analog device; RF filter; data storage; and various industrial and scientific applications. Onto Innovation Inc. was founded in 1940 and is headquartered in Wilmington, Massachusetts.