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Jan 01, 2022
Onto Innovation Q4 2021 Earnings Report
Reported record quarterly revenue exceeding guidance, resulting in year-over-year growth.
Key Takeaways
Onto Innovation reported record fourth-quarter revenue of $225.6 million, a 45% year-over-year increase. The company's GAAP EPS was $0.94, and non-GAAP EPS was $1.23. The company is guiding for continued revenue growth in the first quarter of 2022.
Record quarterly revenue of $226 million exceeds guidance, resulting in 45% year-over-year growth
Quarterly gross profit margin improved to 55% from 49% in the same period last year
Fourth quarter operating margin improved to 22% GAAP and 31% non-GAAP, in line with the Company’s long-term operating model
Quarterly diluted earnings per share of $0.94 increased 135% year-over-year and non-GAAP diluted earnings per share of $1.23 increased 71% year-over-year
Forward Guidance
Management provided an outlook for the first quarter, the fiscal period ending April 2, 2022. Based on current estimates, management expects: $226 million to $240 million in revenue and $1.13 to $1.20 in diluted non-GAAP EPS
Positive Outlook
- $226 million to $240 million in revenue
- $0.86 to $0.93 in diluted GAAP EPS
- $1.13 to $1.20 in diluted non-GAAP EPS
Historical Earnings Impact
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Avg. Return Before/After Earnings
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