Loading...
•
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.
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.
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...