Onto Innovation Inc Stock Price, News & Analysis

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.

Onto Innovation Inc. (NYSE: ONTO) will announce its third quarter financial results for 2021 after the market closes on November 4, 2021. Following the release, a conference call hosted by CEO Michael P. Plisinski and CFO Steven R. Roth will take place at 4:30 p.m. ET. Participants can join via phone or through a live webcast on the company’s website. A replay of the call will be available from 7:30 p.m. ET on November 4 until 7:30 p.m. ET on November 11. For more information, visit www.ontoinnovation.com.

Onto Innovation has appointed Karen Rogge to its board of directors. With extensive experience in finance and operations, Rogge has held notable positions, including interim CFO at Applied Micro Circuits and CFO at Extreme Networks. Her history includes leadership roles at Hewlett Packard and a successful tenure at Kemet Corporation, contributing to its $1.8 billion acquisition. The board anticipates her strategic insights will enhance Onto's market position as the company aims for growth in the semiconductor industry.

Onto Innovation Inc. (NYSE: ONTO) reported a 50% growth in unit volumes of its Dragonfly inspection system in H1 2021, with expectations of a 70% compound annual growth rate (CAGR) from 2018 to 2021. The company’s Dragonfly G3 platform has attracted tier 1 customers, enhancing sensitivity and throughput. This innovation is pivotal for the semiconductor industry, particularly in 5G and AI applications. Onto Innovation aims to solve complex challenges in process control and yield improvement, further solidifying its market presence.

Onto Innovation (NYSE: ONTO) announced CEO Michael Plisinski and Senior Director Michael Sheaffer will attend the Jefferies Virtual Semiconductor Summit from August 31 to September 1, 2021. They are scheduled for one-on-one meetings on September 1, from 8:00 a.m. to 3:30 p.m. Central Time. Onto Innovation is recognized for its expertise in process control technologies, including wafer quality and defect inspection, helping customers enhance yield and device performance across the semiconductor value chain.

Onto Innovation announced its Q2 2021 financial results, reporting revenue of $193 million, a 43% increase year-over-year and a 14% sequential growth. Gross margin improved to 55%. Key drivers included a 45% rise in specialty device revenue and substantial demand for inspection systems. Noteworthy is the $76 million year-to-date cash flow from operations. The company anticipates Q3 revenue between $190 million and $200 million, with net income per diluted share expected to range from $0.62 to $0.76.

Onto Innovation Inc. (NYSE: ONTO) announced its participation in two upcoming investor conferences. The B. Riley Securities Live Summer Summit is scheduled for August 18, 2021, from 7 a.m. to 11:35 a.m. PT in Santa Monica, California. Additionally, the Second Annual Needham Virtual SemiCap and EDA Conference will occur on August 24, 2021, offering one-on-one meetings throughout the day. Onto Innovation specializes in advanced semiconductor technologies, focusing on process control and yield optimization for customers globally.