Onto Innovation Inc. (ONTO) Tops Q1 EPS by 5c, Revenues Beat; Offers 2Q EPS/Revenues Guidance Above Consensus
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Onto Innovation Reports 2021 First Quarter Results
April 29, 2021 4:05 PM EDTRecord quarterly revenue exceeds guidance resulting in 21% year over year growth
Second quarter guidance exceeds consensus street estimates
WILMINGTON, Mass.--(BUSINESS WIRE)-- Onto Innovation Inc. (NYSE: ONTO) today announced financial results for the first quarter of 2021.
2021 First Quarter Highlights
Quarterly revenue of $169.3 million represents 21% year over year growth compared to the first quarter of 2020 and 9% sequential quarterly growth. Advanced nodes revenue increased 24% over the fourth quarter, primarily from systems supporting 5nm and 3nm... More