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0 0.00136185666458594 0.00295068943993634 0.00510696249219757 0.0089371843613459 0.010667877205924 0.0134483345627873 0.0171934403903988
Stock impact report

Onto Innovation (ONTO) Q4 Earnings & Revenues Top, Fall Y/Y [Yahoo! Finance]

Onto Innovation Inc. (ONTO) 
Last onto innovation inc. earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Revenues of $218.9 million beat the Zacks Consensus Estimate by 5.2%. The top line declined 13.6% year over year. The downtick can be mainly attributed to a decline in advanced nodes business and lower services parts revenues. However, revenues came in ahead of the company's guided range of $200-$216 million owing to better-than-anticipated demand for the Dragonfly inspection system to support the packaging of memory and logic devices for AI applications. Management expects the demand to remain at elevated levels in the first quarter of 2024 as well. Advanced nodes revenues of $18 million declined 30% sequentially. Specialty devices and advanced packaging revenues of $158 million increased 17% sequentially. Revenues from software and services were down 8% sequentially to $42 million. Sales from specialty devices and advanced packaging, and advanced node markets contributed 72% and 8% to revenues, respectively. Software and services accounted for 20% of the top line. Onto In Show less Read more
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