Onto Innovation Inc. (ONTO) Misses Q2 EPS by 5c, Offers Guidance
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Onto Innovation Reports 2023 Second Quarter Results
August 10, 2023 4:05 PM EDTWILMINGTON, Mass.--(BUSINESS WIRE)-- Onto Innovation Inc. (NYSE: ONTO) (Onto Innovation, Onto, or the Company) today announced financial results for the second fiscal quarter of 2023.
Second Quarter Financial Highlights
Expected revenue reduced by three lithography system shipments that were delayed to add a customer-specific enhancement package, resulting in $191 million quarterly revenue. GAAP gross margin and non-GAAP gross margin of 53%. GAAP operating income of $25 million and GAAP net income of $26 million. Non-GAAP operating income of $41 million and non-GAAP net income of $39 million. GAAP diluted earnings per... More