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Dec 31, 2022
Onto Innovation Q4 2022 Earnings Report
Reported record revenue growth, crossing $1 billion in revenue.
Key Takeaways
Onto Innovation reported Q4 2022 financial results with a quarterly revenue of $253 million, a 12% increase year-over-year. The company achieved record quarterly GAAP operating income of $61 million and GAAP net income of $66 million, along with record non-GAAP net income of $78 million and non-GAAP diluted earnings per share of $1.57.
Quarterly revenue of $253 million, resulting in 12% growth over the same period last year.
Record quarterly GAAP operating income of $61 million and GAAP net income of $66 million.
Quarterly non-GAAP operating income of $76 million and record non-GAAP net income of $78 million.
Record quarterly GAAP diluted earnings per share of $1.34 increased 43% over the same period last year.
Forward Guidance
For the first quarter ending April 1, 2023, the Company expects revenue to be $200 million plus or minus three percent. GAAP diluted earnings per share is expected to be in the range of $0.54 to $0.69. Non-GAAP diluted earnings per share is expected to be in the range of $0.80 to $0.95.
Positive Outlook
- Revenue is expected to be $200 million plus or minus three percent.
- GAAP diluted earnings per share is expected to be in the range of $0.54 to $0.69.
- Non-GAAP diluted earnings per share is expected to be in the range of $0.80 to $0.95.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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