Onto Innovation Q2 2022 Earnings Report
Key Takeaways
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.
Record quarterly revenue of $256 million, a 33% increase over the same period last year.
GAAP operating margin of 22%, compared to 19% in the same period last year.
GAAP diluted earnings per share of $1.03, a 45% increase over the same period last year.
Record cash balance totaled $545 million, or $10.98 per share.
Onto Innovation
Onto Innovation
Forward Guidance
For the third quarter ending October 1, 2022, the Company expects revenue to be in the range of $242 million to $258 million. GAAP diluted earnings per share is expected to be in the range of $0.95 to $1.16, and non-GAAP diluted earnings per share is expected to be in the range of $1.21 to $1.42.
Positive Outlook
- Revenue is expected to be in the range of $242 million to $258 million
- GAAP diluted earnings per share is expected to be in the range of $0.95 to $1.16
- Non-GAAP diluted earnings per share is expected to be in the range of $1.21 to $1.42