Onto Innovation reports Q1 adjusted EPS $1.42, consensus $1.42

Reports Q1 revenue $292M, consensus $292M. “We are pleased to see the positive customer response to several key initiatives, including the success of our new Dragonfly G5 inspection system, the accelerating adoption of our Atlas G6 OCD system for next-generation logic and memory devices, and the ramp of our extended factories that are closer to our customers in Asia. Collectively, these achievements enable us to provide increased value to customers while supporting their aggressive ramp plans,” said Mike Plisinski, chief executive officer of Onto Innovation (ONTO). “By expanding our process control suite to include unique surface charge metrology through the Semilab USA acquisition and a broad portfolio of advanced X-ray technologies through our partnership with Rigaku, we strengthen our ability to address customers’ challenges of today, while collaborating with them to develop the solutions for tomorrow.”