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Stock impact report

Onto Innovation Reports 2023 Fourth Quarter and Full Year Results

Onto Innovation Inc. (ONTO) 
Last onto innovation inc. earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: Business Wire
Fourth quarter revenue of $219 million exceeded high end of guidance range WILMINGTON, Mass.--(BUSINESS WIRE)--Onto Innovation Inc. (NYSE: ONTO) (“Onto Innovation,” “Onto,” or the “Company”) today announced financial results for the fourth quarter and full year 2023.2023 Fourth Quarter Financial HighlightsQuarterly revenue of $219 million, exceeding high end of guidance to support stronger than anticipated orders for the Dragonfly® inspection system.Quarterly GAAP operating income of $28 million and GAAP net income of $30 million.Quarterly non-GAAP operating income of $56 million and non-GAAP net income of $52 million.GAAP diluted earnings per share of $0.61 and non-GAAP diluted earnings per share of $1.06.Record quarterly cash from operations of $62 million, or 28% of revenue.2023 Full Year Financial HighlightsRevenue from specialty and advanced packaging markets grew 14% over 2022.Cash generated from operations of $172 million improved by 26% over 2022.Full year GAAP diluted earn Show less Read more
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