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Jun 27, 2020
Onto Innovation Q2 2020 Earnings Report
Reported second quarter 2020 results with revenue at $134.9 million and GAAP EPS at $0.15.
Key Takeaways
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.
Revenue of $134.9 million.
GAAP earnings of $0.15 per share were at the high end of guidance, while non-GAAP earnings of $0.42 were above the high end of guidance.
Cash and marketable securities increased $20.1 million and ended the quarter at $312.1 million.
JetStep® panel lithography backlog grows to a record $15 million for 2021 delivery of system orders for advanced packaging requirements for chiplets, or heterogeneous chip packages.
Forward Guidance
The Company is currently anticipating revenue for the third quarter 2020 to be in the range of $122 to $132 million. Within this revenue range the Company is expecting GAAP net income per diluted share to be in the range of $0.04 to $0.16 and non-GAAP net income per diluted share to be in the range of $0.28 to $0.40.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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