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Oct 01, 2022
Onto Innovation Q3 2022 Earnings Report
Reported revenue of $254 million, net income of $52 million, and GAAP diluted earnings per share of $1.05.
Key Takeaways
Onto Innovation reported strong Q3 2022 financial results, with revenue of $254 million, a 27% increase year-over-year, and net income of $52 million, a 43% increase year-over-year. The company's GAAP diluted earnings per share increased 44% over the same period last year.
Quarterly revenue of $254 million, a 27% increase year-over-year.
Gross profit margin improved sequentially to 55% from 52% in the second quarter.
GAAP operating margin of 23% and non-GAAP operating margin of 31%.
GAAP diluted earnings per share of $1.05, a 44% increase year-over-year.
Forward Guidance
For the fourth quarter ending December 31, 2022, the Company is providing the following guidance: Revenue is expected to be in the range of $244 million to $256 million and GAAP diluted earnings per share is expected to be in the range of $0.97 to $1.12 and Non-GAAP diluted earnings per share is expected to be in the range of $1.25 to $1.40
Historical Earnings Impact
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Avg. Return Before/After Earnings
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