Onto Innovation Q3 2024 Earnings Report
Key Takeaways
Onto Innovation reported strong Q3 2024 results with revenue of $252 million, driven by a recovery in advanced nodes and strength in advanced packaging supporting AI demand. GAAP EPS was $1.07 and non-GAAP EPS was $1.34, near the high end of the guidance range. The company also achieved record cash from operations of $67 million, or 27% of revenue.
Revenue of $252 million led by a recovery in advanced nodes and continued strength in advanced packaging supporting strong AI demand.
GAAP gross margin 54% and non-GAAP gross margin of 55%.
GAAP diluted earnings per share of $1.07 and non-GAAP diluted earnings per share of $1.34 were near the high end of guidance range.
Record cash from operations of $67 million, or 27% of revenue.
Onto Innovation
Onto Innovation
Forward Guidance
For the fourth fiscal quarter ending December 28, 2024, the Company expects revenue to be in the range of $253 to $267 million. GAAP diluted earnings per share is expected to be in the range of $1.04 to $1.19. Non-GAAP diluted earnings per share is expected to be in the range of $1.33 to $1.48.
Positive Outlook
- Revenue is expected to be in the range of $253 to $267 million.
- GAAP diluted earnings per share is expected to be in the range of $1.04 to $1.19.
- Non-GAAP diluted earnings per share is expected to be in the range of $1.33 to $1.48.