NYSE$ONTO
Onto Innovation Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Reported fourth quarter revenue exceeding guidance and GAAP net income of $30 million.
Onto Innovation reported strong fourth-quarter results, with revenue exceeding the high end of guidance due to strong demand for Dragonfly systems and metrology systems for AI packaging. The company's revenue from power semiconductor solutions also increased by 40% year-over-year.
- Quarterly revenue exceeded guidance at $219 million due to Dragonfly system demand.
- GAAP operating income was $28 million, and GAAP net income was $30 million.
- Non-GAAP operating income reached $56 million, with non-GAAP net income at $52 million.
- Record quarterly cash from operations was $62 million, representing 28% of revenue.
Headline financials
Revenue & EPS history
Onto Innovation · Revenue · Quarterly
$219M
Forward guidance
For the first quarter ending March 30, 2024, Onto Innovation expects revenue in the range of $215 to $230 million and GAAP diluted earnings per share in the range of $0.74 to $0.94. Non-GAAP diluted earnings per share is expected to be in the range of $1.00 to $1.20.
Tailwinds
- Revenue is expected to be in the range of $215 to $230 million.
- GAAP diluted earnings per share is expected to be in the range of $0.74 to $0.94.
- Non-GAAP diluted earnings per share is expected to be in the range of $1.00 to $1.20.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2023
+0.5%
Avg return
Earnings day
+0.4%
Avg return
5 days after
+0.8%
Avg return
30 days after
55%
35 / 64 earnings
Positive
+17.6%
Q2 2024
Best reaction
-30.2%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +4.0% | -5.7% | -17.0% | |
| Q4 2025 | -4.1% | -0.0% | -11.2% | |
| Q3 2025 | +5.8% | +2.9% | +19.5% | |
| Q1 2025 | -30.2% | -17.9% | -24.2% | |
| Q4 2024 | -11.2% | -19.9% | -36.9% | |
| Q3 2024 | -15.1% | -16.2% | -20.8% | |
| Q2 2024 | +17.6% | +21.8% | +8.1% | |
| Q1 2024 | +8.8% | +10.7% | +5.4% | |
| Q4 2023 | +13.6% | +6.2% | +16.8% | |
| Q3 2023 | +9.6% | +10.3% | +12.5% | |
| Q2 2023 | -7.2% | -5.5% | +8.5% | |
| Q1 2023 | +3.8% | +2.8% | +29.0% | |
| Q4 2022 | -1.7% | -0.1% | -2.0% | |
| Q3 2022 | +0.3% | +5.0% | +19.9% | |
| Q2 2022 | -7.0% | -3.4% | -17.8% | |
| Q1 2022 | +7.0% | -0.9% | +14.8% | |
| Q4 2021 | +2.9% | -3.2% | -11.6% | |
| Q3 2021 | +10.1% | +6.7% | +10.2% | |
| Q2 2021 | +8.8% | +8.4% | +9.6% | |
| Q1 2021 | -0.3% | -6.8% | +4.4% | |
| Q4 2020 | +2.5% | +1.1% | -4.2% | |
| Q3 2020 | +8.6% | +17.2% | +38.9% | |
| Q2 2020 | -1.7% | -10.6% | -18.1% | |
| Q1 2020 | +0.9% | +9.3% | +13.0% | |
| Q4 2019 | -6.4% | -5.8% | -23.2% | |
| Q3 2019 | +3.3% | +2.9% | -2.0% | |
| Q2 2019 | -13.7% | — | — | |
| Q1 2019 | -1.3% | — | — | |
| Q4 2018 | -0.9% | — | — | |
| Q3 2018 | +3.9% | — | — | |
| Q2 2018 | +5.9% | — | — | |
| Q1 2018 | -3.8% | — | — | |
| Q4 2017 | -0.5% | — | — | |
| Q3 2017 | -0.9% | — | — | |
| Q2 2017 | -0.4% | — | — | |
| Q1 2017 | -2.2% | — | — | |
| Q4 2016 | +3.5% | — | — | |
| Q3 2016 | +1.1% | — | — | |
| Q2 2016 | +0.6% | — | — | |
| Q1 2016 | -2.2% | — | — | |
| Q4 2015 | +2.0% | — | — | |
| Q3 2015 | +13.3% | — | — | |
| Q2 2015 | -13.0% | — | — | |
| Q1 2015 | -0.6% | — | — | |
| Q4 2014 | +1.4% | — | — | |
| Q3 2014 | +4.1% | — | — | |
| Q2 2014 | +3.9% | — | — | |
| Q1 2014 | +0.3% | — | — | |
| Q4 2013 | +0.8% | — | — | |
| Q3 2013 | -1.2% | — | — | |
| Q2 2013 | +3.0% | — | — | |
| Q1 2013 | -2.0% | — | — | |
| Q4 2012 | -1.7% | — | — | |
| Q3 2012 | -3.7% | — | — | |
| Q2 2012 | -0.4% | — | — | |
| Q1 2012 | +2.1% | — | — | |
| Q4 2011 | +1.8% | — | — | |
| Q4 2010 | +1.8% | — | — | |
| Q3 2011 | -3.6% | — | — | |
| Q2 2011 | +7.7% | — | — | |
| Q1 2011 | +7.7% | — | — | |
| Q3 2010 | -3.7% | — | — | |
| Q2 2010 | +1.8% | — | — | |
| Q1 2010 | -1.2% | — | — |
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