Onto Innovation (ONTO) Q1 Earnings & Revenues Top, Up Y/Y [Yahoo! Finance]
Onto Innovation Inc. (ONTO)
Last onto innovation inc. earnings: 2/6 04:05 pm
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Source: Yahoo! Finance
Revenues of $228.8 million beat the Zacks Consensus Estimate by 2.9%. The top line increased 14.9% year over year. The uptick can be mainly attributed to customer capacity expansions for high-performance computing and high bandwidth memory supporting AI market growth. Revenues also came in within the company's guided range of $215-$230 million. Management noted that Dragonfly system witnessed continued momentum owing to increasing demand for the platform in advanced packaging of AI compute devices. In the first quarter, revenues from Dragonfly systems soared 30% quarter over quarter. Advanced nodes revenues of $27 million increased 45% sequentially. Specialty devices and advanced packaging revenues of $158 million witnessed a marginal sequential rise. Revenues from software and services were up 4% sequentially to $44 million. Sales from specialty devices and advanced packaging, and advanced node markets contributed 69% and 12% to revenues, respectively. Software and services
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News
- Best Momentum Stocks to Buy for May 21st [Yahoo! Finance]Yahoo! Finance
- Surging Earnings Estimates Signal Upside for Onto Innovation (ONTO) Stock [Yahoo! Finance]Yahoo! Finance
- Here's How Much You'd Have If You Invested $1000 in Onto Innovation a Decade Ago [Yahoo! Finance]Yahoo! Finance
- Onto Innovation to Participate in Upcoming Investor EventsBusiness Wire
- Onto Innovation Inc. (NYSE: ONTO) is now covered by analysts at Jefferies Financial Group Inc.. They set a "buy" rating and a $265.00 price target on the stock.MarketBeat
ONTO
Earnings
- 5/9/24 - Beat
ONTO
Sec Filings
- 5/22/24 - Form 8-K
- 5/21/24 - Form 4
- 5/17/24 - Form 4
- ONTO's page on the SEC website