Onto Innovation Inc - ONTO STOCK NEWS

Onto Innovation reported a record quarterly revenue of $226 million, reflecting a 45% year-over-year growth. The company achieved a full-year capital equipment revenue of $634 million, up 49% year-over-year. The quarterly gross profit margin improved to 55%, and diluted EPS rose 135% year-over-year to $0.94. Net income for 2021 surged 350% to $142.3 million. Management forecasts $226 million to $240 million in revenue for Q1 2022, assuming supply chain issues remain manageable.

Onto Innovation Inc. (NYSE: ONTO) is set to release its 2021 fourth quarter and full-year financial results on February 8, 2022, after market closure. The conference call will include CEO Michael P. Plisinski and CFO Steven R. Roth, starting at 4:30 p.m. ET. Interested participants can join via phone by dialing (888) 220-8451 (or +1 (646) 828-8193 for international calls) and using conference ID 8215502. A live webcast will also be available on the company’s website. A replay of the call will be accessible from 7:30 p.m. ET on February 8 until 7:30 p.m. ET on February 15.

Onto Innovation Inc. (NYSE: ONTO) announced an impressive order backlog totaling $500 million, which includes over $100 million in orders for its lithography and inspection products aimed at the heterogeneous packaging sector. The company anticipates that this segment will experience an 11% CAGR through 2025, potentially reaching $13 billion in revenue. Key products include the JetStep® X500 lithography system and Dragonfly® G3 inspection system, both integral to advancing semiconductor packaging technologies.

Onto Innovation Inc. (NYSE: ONTO) announced its participation in the 24th Annual Needham Growth Conference, scheduled virtually from January 10-14, 2022. CEO Michael Plisinski and CFO Steven Roth will present on January 12, 2022, at 11:30 a.m. ET, with the webcast available on the investor relations page. One-on-one meetings with management will occur on January 12 and 13. Onto Innovation specializes in process control technologies for the semiconductor industry, aiding customers in improving yield and device performance. More information can be found on their website.

Onto Innovation (NYSE: ONTO) has secured $85 million in orders from a 3D NAND manufacturer for its advanced metrology suite, with delivery slated for 2022 and the first half of 2023. The order includes systems like the Atlas V and Iris metrology systems, enhancing metrology capabilities for complex 3D NAND devices. The AI-powered AI Diffract software integrates data streams, boosting customer process development. This innovative platform allows flexibility and cost savings for customers, promoting a cost-effective control strategy.

Onto Innovation Inc. has secured $85 million in orders from a 3D NAND manufacturer for its advanced integrated metrology systems, with deliveries slated from 2022 into the first half of 2023. Key products include the Atlas V, Iris, IMPULSE, and MetaPULSE. These systems enhance efficiency in semiconductor manufacturing, focusing on 3D device metrology and enabling a cost-effective upgradeable infrastructure.

Onto Innovation Inc. (NYSE: ONTO) will participate in the 10th Annual December CEO Summit on December 8, 2021, at the St. Regis hotel in San Francisco, coinciding with SEMICON West 2021. The event features a round-robin format with representatives from 11 companies. Attendance is by invitation only, restricted to accredited investors and analysts, with registration closing on November 29, 2021. Onto Innovation, a leader in semiconductor process control, offers a range of technologies to enhance yield, performance, and quality for its customers.

Onto Innovation reported a record quarterly revenue of $200.6 million for Q3 2021, marking a remarkable 59% year-over-year growth compared to Q3 2020. The company's gross margin improved to 55%, with operating margins also on the rise at 21% GAAP and 29% non-GAAP. Cash flow from operations reached $126.3 million, representing 22% of revenue. Positive momentum is expected to continue into Q4 2021, with projected revenues between $210 million and $220 million. The backlog is noted to be more than twice that of the previous year, indicating strong demand going into 2022.