Onto Innovation Reports 2020 Fourth Quarter and Full Year Results
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Onto Innovation Inc. (ONTO) Tops Q4 EPS by 12c, Revenues Beat; Offers 1Q EPS/Revenue Guidance Above Consensus
February 4, 2021 4:39 PM ESTOnto Innovation Inc. (NYSE: ONTO) reported Q4 EPS of $0.72, $0.12 better than the analyst estimate of $0.60. Revenue for the quarter came in at $155.1 million versus the consensus estimate of $150.54 million.
2020 Fourth Quarter and Full Year Highlights
Quarterly revenue of $155.1 million increased 23% compared to $126.5 million in the 2020 third quarter and exceeded managements guidance.Revenue from RF customers supporting the 5G ramp increased 100% over the third quarter.Aspect® metrology system accepted by a top three supplier of 3D NAND, displacing the incumbent metrology tool in the fourth quarter.Penetrated a leading DRAM customer... More