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Jul 01, 2023
Onto Innovation Q2 2023 Earnings Report
Announced second quarter 2023 financial results.
Key Takeaways
Onto Innovation reported Q2 2023 revenue of $191 million. GAAP diluted earnings per share was $0.53, and non-GAAP diluted earnings per share was $0.79.
Revenue was $191 million due to delayed lithography system shipments.
GAAP and non-GAAP gross margin was 53%.
GAAP operating income was $25 million, and GAAP net income was $26 million.
Non-GAAP operating income was $41 million, and non-GAAP net income was $39 million.
Forward Guidance
For the third fiscal quarter ending September 30, 2023, the Company expects revenue between $205 to $225 million. GAAP diluted earnings per share is expected to be in the range of $0.59 to $0.79. Non-GAAP diluted earnings per share is expected to be in the range of $0.85 to $1.05.
Positive Outlook
- Revenue is expected to be $205 to $225 million.
- GAAP diluted earnings per share is expected to be in the range of $0.59 to $0.79.
- Non-GAAP diluted earnings per share is expected to be in the range of $0.85 to $1.05.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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