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Jul 02, 2022
Onto Innovation Q2 2022 Earnings Report
Reported record revenue and net income, driven by strong demand and strategic customer collaborations.
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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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