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Onto Innovation Inc. - $ONTO STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Onto Innovation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Onto Innovation's position in the market.

Rhea-AI Summary
Onto Innovation Inc. (NYSE: ONTO) announced Q3 2023 financial results, with revenue of $207 million, GAAP gross margin of 52%, and GAAP net income of $36 million. Specialty and advanced packaging grew 19%, setting a new quarterly record of $135 million. Dragonfly® G3 shipments to support AI packaging increased over 50% above the prior quarter. The company is optimistic for the continuation of this trend into 2024 based on recent Gartner data forecasting AI processor unit growth to more than double in 2024 followed by another 85% growth in 2025.
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Rhea-AI Sentiment
End-of-Day
10.14%
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Rhea-AI Summary
Onto Innovation Inc. to release Q3 2023 results on November 9, 2023.
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1.97%
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conferences earnings
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Rhea-AI Summary
Onto Innovation Inc. announces over $100 million in orders for Dragonfly G3 inspection system, reflecting increased customer demand in the AI device market. Additional orders expected in 2024 to support the growing AI GPU market. The market is estimated to grow at an annual average rate of 40% over the next four years. The Dragonfly G3 system offers versatile inspection and metrology capabilities, including Clearfind technology for detecting non-visual organic residue and sub-micron defect detection. The system is tightly integrated with leading automated defect classification software.
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Rhea-AI Sentiment
End-of-Day
13.65%
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AI
Rhea-AI Summary
Onto Innovation Inc. (NYSE: ONTO) announced that its CEO and CFO will participate in upcoming investor events, including Needham's Virtual Semiconductor 1x1 Conference, Jefferies' Semiconductor, IT Hardware & Communications Technology Summit, and Benchmark's Tech/Media/Telecom (TMT) One-on-One Conference.
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End-of-Day
-1.38%
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Rhea-AI Summary
Onto Innovation Inc. reports Q2 2023 financial results with $191 million in revenue and positive growth in inspection and power semiconductor sectors. The company expects revenue of $205 to $225 million for Q3 2023.
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Rhea-AI Sentiment
End-of-Day
-2.81%
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Rhea-AI Summary
Onto Innovation Inc. (NYSE: ONTO) announces the introduction of the Atlas® S optical critical dimension metrology system and the Element™ S high-speed impurity mapping, dielectric film composition and epi thickness measurement system, enhancing its portfolio for SiC and GaN power device markets. The company has seen over $26 million in bookings for these new systems, contributing to a 24% increase in year-over-year revenue in the power device market.
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1.67%
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1.73%
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-0.66%
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conferences earnings
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1.84%
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Rhea-AI Sentiment
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0.46%
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conferences
Onto Innovation Inc.

NYSE:ONTO

ONTO Rankings

ONTO Stock Data

10.25B
48.73M
0.72%
101.4%
2.56%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
United States of America
WILMINGTON

About ONTO

onto innovation is a leader in process control, combining global scale with an expanded portfolio of leading-edge technologies that include: un-patterned wafer quality; 3d metrology spanning chip features from nanometer scale transistors to large die interconnects; macro defect inspection of wafers and packages; metal interconnect composition; factory analytics; and lithography for advanced semiconductor packaging. our breadth of offerings across the entire semiconductor value chain helps our customers solve their most difficult yield, device performance, quality, and reliability issues. onto innovation strives to optimize customers’ critical path of progress by making them smarter, faster and more efficient. headquartered in wilmington, massachusetts, onto innovation supports customers with a worldwide sales and service organization. we are traded on the new york stock exchange under the symbol onto.