Onto Innovation Earnings Reports

Onto Innovation delivered a solid third quarter, with revenue of $218.2 million and non-GAAP diluted earnings per share of $0.92, both surpassing the midpoint of their guidance. The company achieved record cash from operations and made significant progress in advanced packaging process control with the qualification of Dragonfly® 3Di™ technology by two major HBM customers and initial shipments of Atlas® G6 OCD systems.

Onto Innovation delivered a strong second quarter in 2025, with revenue of $253.6 million, surpassing the midpoint of its guidance. The company saw expanded adoption of its Dragonfly® 3Di metrology and sub-surface defect inspection systems, particularly in AI packaging applications. While the third quarter is expected to be a low point for revenue, the company anticipates an acceleration in AI packaging spend in the fourth quarter, returning revenue to levels consistent with the first and second quarters.

Onto Innovation achieved record quarterly revenue of $267 million in Q1 2025, driven by significant growth in advanced nodes. The company also reported strong GAAP and non-GAAP financial results, including record cash from operations.

Onto Innovation reported record Q4 revenue of $264 million, marking its sixth consecutive quarter of growth. The company achieved a GAAP gross margin of 50% and a non-GAAP gross margin of 55%. GAAP net income was $49 million, while non-GAAP net income reached $75 million. GAAP diluted EPS was $0.98, and non-GAAP diluted EPS was $1.51, exceeding guidance expectations.

Onto Innovation reported strong Q3 2024 results with revenue of $252 million, driven by a recovery in advanced nodes and strength in advanced packaging supporting AI demand. GAAP EPS was $1.07 and non-GAAP EPS was $1.34, near the high end of the guidance range. The company also achieved record cash from operations of $67 million, or 27% of revenue.

Onto Innovation reported strong Q2 2024 results, with revenue exceeding the high end of guidance due to demand for AI packaging and orders for emerging gate-all-around nodes. The company achieved record cash from operations and saw revenue from specialty and advanced packaging customers reach a new quarterly high.

Onto Innovation reported revenue of $229 million, driven by customer capacity expansions for high-performance computing (HPC) and high bandwidth memory (HBM) supporting AI market growth. The company's GAAP diluted earnings per share was $0.94, and non-GAAP diluted earnings per share was $1.18. Cash from operations was $57 million, representing 25% of revenue.

Onto Innovation reported strong fourth-quarter results, with revenue exceeding the high end of guidance due to strong demand for Dragonfly systems and metrology systems for AI packaging. The company's revenue from power semiconductor solutions also increased by 40% year-over-year.

Onto Innovation reported revenue of $207 million for Q3 2023, impacted by delayed shipments. However, specialty and advanced packaging experienced growth, and the company is optimistic about future AI-driven growth.

Onto Innovation reported Q2 2023 revenue of $191 million. GAAP diluted earnings per share was $0.53, and non-GAAP diluted earnings per share was $0.79.

Onto Innovation reported first quarter revenue of $199 million with GAAP operating income and GAAP net income of $29 million. GAAP diluted earnings per share was $0.59 and non-GAAP diluted earnings per share was $0.92. Cash generated from operations is $50 million, representing 25% of revenue.

Onto Innovation reported Q4 2022 financial results with a quarterly revenue of $253 million, a 12% increase year-over-year. The company achieved record quarterly GAAP operating income of $61 million and GAAP net income of $66 million, along with record non-GAAP net income of $78 million and non-GAAP diluted earnings per share of $1.57.

Onto Innovation reported strong Q3 2022 financial results, with revenue of $254 million, a 27% increase year-over-year, and net income of $52 million, a 43% increase year-over-year. The company's GAAP diluted earnings per share increased 44% over the same period last year.

Onto Innovation reported record quarterly revenue of $256 million, a 33% increase year-over-year, and net income of $52 million, a 47% increase year-over-year. The company's performance was driven by strong demand for its products and successful customer collaborations.

Onto Innovation reported record fourth-quarter revenue of $225.6 million, a 45% year-over-year increase. The company's GAAP EPS was $0.94, and non-GAAP EPS was $1.23. The company is guiding for continued revenue growth in the first quarter of 2022.

Onto Innovation reported record quarterly revenue of $200.6 million, representing a 59% year-over-year growth. The company's gross margin improved to 55%, and operating margin also improved to 21% GAAP and 29% non-GAAP. The company expects continued revenue growth for the fourth quarter extending into 2022.

Onto Innovation reported a strong second quarter in 2021, with record quarterly revenue of $193 million, representing a 43% year-over-year growth and a 14% sequential quarterly growth. Gross margin improved to 55%.

Onto Innovation reported Q4 2020 revenue of $155.1 million, a 23% increase compared to the third quarter. GAAP net income was $19.9 million, or $0.40 per diluted share, while non-GAAP net income was $35.6 million, or $0.72 per diluted share. The company's cash and marketable securities increased by $33 million during the quarter.

Onto Innovation reported third-quarter revenue of $126.5 million. Specialty device and advanced packaging revenue surged 44%. The GAAP net income for the third quarter of 2020 was $8.1 million, or $0.16 per diluted share and non-GAAP net income was $19.6 million, or $0.40 per diluted share.

Onto Innovation reported Q2 2020 revenue of $134.9 million. GAAP earnings per share were $0.15, while non-GAAP earnings per share were $0.42. Cash and marketable securities increased by $20.1 million, ending the quarter at $312.1 million.

Onto Innovation reported first quarter revenue of $139.9 million, representing a 16% sequential increase. The company's non-GAAP EPS was $0.39, at the high end of the guidance. The company also repurchased $34 million of its stock in the first quarter.

Onto Innovation reported fourth-quarter revenue of $120.6 million. GAAP net loss for the fourth quarter of 2019 was ($17.8) million, or ($0.41) per diluted share. Fourth quarter 2019 non-GAAP net income was $18.1 million, or $0.41 per diluted share.