Onto Innovation Reports 2020 Third Quarter Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/12/2026
- Wall Street ends higher as SpaceX's market debut dominates
- SpaceX prices historic IPO at $135/share in largest ever new listing
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- UBS cuts gold price forecasts on delayed Fed easing outlook
- Brent falls to lowest since March on expected peace deal
- NASDAQ adds five companies to NASDAQ-100 index in quarterly rebalance
- Adobe CFO Dan Durn to depart company in June 2026
- Oppenheimer Starts SpaceX (SPCX) at Outperform, PT $190, 'space infrastructure appears structurally advantaged'
- Pentagon reportedly locked down, hazmat teams responding
- Super Micro Computer establishes $1.25 billion stock sale agreement
Onto Innovation Inc. (ONTO) Tops Q3 EPS by 6c, Revenues Miss, Offers 4Q EPS/Revenues Guidance
November 2, 2020 4:36 PM ESTOnto Innovation Inc. (NYSE: ONTO) reported Q3 EPS of $0.40, $0.06 better than the analyst estimate of $0.34. Revenue for the quarter came in at $126.5 million versus the consensus estimate of $128.08 million.
Revenue of $126.5 million was impacted by the timing in metrology spending predominantly from two customers.Specialty device and advanced packaging revenue surged 44% in the quarter driven by strong demand for process control for the 5G ecosystem and advanced packaging for high-power computing (HPC) and RF modules.Gross margin improved to 54%, above previous guidance.Inspection revenue grew... More