https://assets.capyfin.com/instruments/678fdc13234e27009c5d5d33.png avatar
Onto Innovation
🇺🇸 NYSE:ONTO
View Company
OverviewEarningsDividends
•
Apr 01, 2023

Onto Innovation Q1 2023 Earnings Report

Announced first quarter 2023 financial results.

Key Takeaways

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.

Total revenue of $199 million.

GAAP operating income and GAAP net income of $29 million.

Non-GAAP operating income of $49 million and non-GAAP net income of $45 million.

GAAP diluted earnings per share of $0.59 and non-GAAP diluted earnings per share of $0.92.

Total Revenue
$199M
Previous year: $241M
-17.5%
EPS
$0.92
Previous year: $1.31
-29.8%
Gross profit margin
53%
Non-GAAP gross margin
54%
Gross Profit
$105M
Previous year: $124M
-15.2%
Cash and Equivalents
$584M
Previous year: $172M
+238.3%
Free Cash Flow
$42.2M
Previous year: $163M
-74.1%
Total Assets
$1.8B
Previous year: $1.72B
+4.7%

Onto Innovation

Onto Innovation

Forward Guidance

For the second fiscal quarter ending July 1, 2023, the Company expects revenue to be $203 million plus or minus 4%. GAAP diluted earnings per share is expected to be in the range of $0.47 to $0.61. Non-GAAP diluted earnings per share is expected to be in the range of $0.75 to $0.90.

Positive Outlook

  • Revenue is expected to be $203 million plus or minus 4%.
  • GAAP diluted earnings per share is expected to be in the range of $0.47 to $0.61.
  • Non-GAAP diluted earnings per share is expected to be in the range of $0.75 to $0.90.

Company Overview

Full financial data and analysis

View Onto Innovation