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Onto Innovation Inc (ONTO)
NYSE:ONTO
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.41Last Year’s EPS
1.06Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2020
|% Change Since: 7.41%
|Next Earnings Date:Nov 07, 2019
Earnings Call Sentiment|Positive
The earnings call depicted a strong performance with record-breaking revenue in inspection and significant cash flow. The acquisitions are expected to enhance future growth opportunities. However, challenges such as lithography pushouts and a muted HBM expansion create some uncertainties. Operating expenses slightly increased due to strategic R&D investments.Company Guidance
In the third quarter of 2024, Onto Innovation reported a record revenue of $252 million, marking a 4% increase from Q2 and a 22% rise compared to the previous year. The company also achieved a record gross margin of 54.5% and an operating margin of 28%, with cash generation from operations reaching $67 million. Despite challenges due to over $10 million in JetStep lithography pushouts, Onto Innovation anticipates positive performance in Q4, expecting revenues between $253 million and $267 million. The outlook is bolstered by increased demand in advanced packaging and power devices, while strategic acquisitions are projected to add up to $100 million in annual revenue over the next three years, expanding the company's serviceable available market by $250 million annually.Record Revenue and Growth in Inspection
Achieved a new quarterly record for inspection revenue at $252 million, with nearly double inspection revenue expected for the year. Gross margin improved to 54.5% and operating margin to 28%.
Strong Operating Cash Flow
Generated record cash flow from operations of $67 million, representing more than a doubling of operating cash during the same period last year.
Acquisitions to Boost Growth
Acquired Lumina Instruments and lithography business from Kulicke and Soffa, expected to be accretive to earnings within 12 months and generate up to $100 million in annual revenue in the next 3 years.
Advanced Packaging and Power Devices
Advanced packaging was one of the largest markets for the metrology business. Revenue from power devices set a quarterly record, driven by improvements in yield and the transition to larger wafer sizes.
Growth in Advanced Nodes and Metrology
Saw growth in logic, DRAM, and NAND. On pace to grow films metrology by over 50% versus 2023.
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ONTO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ONTO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $198.33 | $176.10 | -11.21% |
| Aug 08, 2024 | $177.81 | $192.94 | +8.51% |
| May 09, 2024 | $208.42 | $224.35 | +7.64% |
| Feb 08, 2024 | $164.76 | $180.01 | +9.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Onto Innovation Inc (ONTO) report earnings?
Onto Innovation Inc (ONTO) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Onto Innovation Inc (ONTO) earnings time?
Onto Innovation Inc (ONTO) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ONTO EPS forecast?
ONTO EPS forecast for the fiscal quarter 2024 (Q4) is 1.41.
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