Loading...
•
Jun 26, 2021
Onto Innovation Q2 2021 Earnings Report
Reported record quarterly revenue exceeding guidance, resulting in year-over-year growth.
Key Takeaways
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%.
Quarterly revenue of $193 million represents 43% year over year growth compared to the second quarter of 2020 and 14% sequential quarterly growth.
Gross margin improved both year over year and over the first quarter of 2021 to 55%.
Specialty device and advanced packaging revenue grew by 45% over the first quarter.
Year to date cash flow from operations totaled $76 million or 21% of revenue; cash and marketable securities increased to $410.8 million.
Forward Guidance
The Company is currently anticipating revenue for the third quarter of 2021 to be in the range of $190 million to $200 million. Within this revenue range the Company is expecting GAAP net income per diluted share to be in the range of $0.62 to $0.76 and non-GAAP net income per diluted share to be in the range of $0.85 to $0.99.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...