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Sep 25, 2021
Onto Innovation Q3 2021 Earnings Report
Reported record quarterly revenue that exceeded guidance, resulting in 59% year-over-year growth.
Key Takeaways
Onto Innovation reported record quarterly revenue of $200.6 million, representing a 59% year-over-year growth. The company's gross margin improved to 55%, and operating margin also improved to 21% GAAP and 29% non-GAAP. The company expects continued revenue growth for the fourth quarter extending into 2022.
Quarterly revenue of $200.6 million, a 59% year-over-year increase.
Gross margin improved to 55% from 54% year-over-year.
Operating margin improved to 21% GAAP and 29% non-GAAP.
Metrology revenue from advanced logic customers increased 95% over the second quarter.
Onto Innovation
Onto Innovation
Forward Guidance
Management provided an outlook for the fourth quarter, the fiscal period ending January 1, 2022. Based on current estimates, management expects revenue between $210 million and $220 million, GAAP EPS between $0.75 and $0.89, and non-GAAP EPS between $1.02 and $1.16.
Positive Outlook
- $210 million to $220 million in revenue
- $210 million to $220 million in revenue
- $0.75 to $0.89 in diluted GAAP EPS
- $0.75 to $0.89 in diluted GAAP EPS
- $1.02 to $1.16 in diluted non-GAAP EPS
Challenges Ahead
- The guidance assumes that well-publicized supply chain issues will not materially impact our vendors’ scheduled deliveries in the quarter.
- The guidance assumes that well-publicized supply chain issues will not materially impact our vendors’ scheduled deliveries in the quarter.