Welcome to our dedicated page for Onto Innovation news (Ticker: ONTO), a resource for investors and traders seeking the latest updates and insights on Onto Innovation stock.
Onto Innovation Inc. reports developments in semiconductor process-control equipment, including metrology, macro defect inspection, lithography for advanced packaging, factory analytics and wafer-quality systems. News commonly centers on operating results, guidance, customer evaluations and qualifications for Dragonfly® inspection platforms and 3Di™ metrology used in advanced packaging and high-bandwidth memory manufacturing.
Company updates also cover product launches, completed product-line acquisitions, material agreements, investor events and governance matters for a business serving chipmakers through U.S. manufacturing and a worldwide sales and service organization.
Onto Innovation Inc. (NYSE: ONTO) will participate in three upcoming virtual investor conferences in November and December 2020. The first is the Benchmark Company Technology Virtual One-on-One Investor Conference on November 12, followed by the DA Davidson Virtual Semicap, Laser and Optical Conference on December 15. Finally, the 12th Annual CEO Summit is scheduled for December 16, with materials available on their events page. Interested investors are encouraged to RSVP early for the CEO Summit due to limited space.
Onto Innovation Inc. reported $126.5 million in revenue for Q3 2020, a 6% decrease from Q2 due mainly to metrology spending timing. Specialty device revenue grew 44%, driven by demand in 5G and high-power computing. Gross margin improved to 54%, and cash increased by $28.3 million. Non-GAAP net income reached $19.6 million, or $0.40 per diluted share. The company projects Q4 revenue between $145-155 million. CEO Michael Plisinski emphasized growth potential in advanced packaging and the successful roll-out of new systems.
Onto Innovation Inc. (NYSE: ONTO) announced it will release its 2020 Q3 financial results on November 2, 2020, after market close. A conference call will follow at 4:30 p.m. ET, hosted by CEO Michael P. Plisinski and CFO Steven R. Roth. Participants can access the call via phone or through a live webcast on the company’s website. A replay will be available from November 2 at 7:30 p.m. ET until November 9, 2020. Onto Innovation specializes in advanced semiconductor technologies including metrology and defect inspection.