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) has received the Novel Technology Collaboration Award from TSMC, recognizing their effective partnership in optical metrology and inspection technologies. The award ceremony took place on March 16, 2023. CEO Mike Plisinski lauded this collaboration for addressing TSMC's high-value process challenges. Together, they developed unique solutions for advanced logic applications and packaging using the Atlas and Dragonfly platforms. Onto aims to strengthen its relationship with TSMC moving forward, supporting their product roadmap for advanced semiconductor manufacturing.
Onto Innovation reported record annual revenue of $1.005 billion, marking a 27% year-over-year growth. In Q4 2022, revenue reached $253 million, up 12% year-over-year, with a GAAP net income of $66 million. The company achieved a GAAP diluted EPS of $1.34 in Q4, a 43% increase from last year. Full-year gross margin stood at 54%, with a GAAP operating margin of 24%. Onto Innovation is optimistic about first-quarter revenue guidance between $200 million and $206 million.
Onto Innovation Inc. (NYSE: ONTO) announced the appointment of Stephen D. Kelley to its board of directors. Kelley brings over 30 years of experience in the semiconductor industry, having held significant roles at Advanced Energy Industries, Amkor Technology, Texas Instruments, Philips Semiconductors, and Cree. His expertise covers the entire semiconductor value chain, from manufacturing to advanced packaging. The board anticipates that Kelley's extensive background will provide valuable insights into Onto Innovation's strategy and customer relations.
Onto Innovation Inc. (NYSE: ONTO) will announce its 2022 Q4 and full-year financial results on February 9, 2023, after market close. A conference call will follow at 4:30 p.m. ET, hosted by CEO Michael P. Plisinski and CFO Mark Slicer. To participate, dial (888) 394-8218 or +1 (646) 828-8193 with conference ID 8636569. A live webcast will also be available on the company's website. Onto Innovation specializes in process control technologies in the semiconductor industry.
Onto Innovation Inc. (NYSE: ONTO) announced participation in the 25th Annual Needham Growth Conference at Lotte New York Palace Hotel on January 10-11, 2023. CEO Michael Plisinski and CFO Mark Slicer will join an investor fireside chat on January 11 at 12:45 p.m. ET, hosted by Needham analyst Quinn Bolton. The event will be available via live webcast, with presentation materials accessible for a year on Onto’s investor relations page. One-on-one meetings with management can be scheduled during the conference on January 11.
Onto Innovation Inc. (NYSE: ONTO) will participate in Morgan Stanley's Technology, Media & Telecom Conference on November 16, 2022, in Barcelona. CEO Michael Plisinski and CFO Mark Slicer will be present, offering one-on-one meetings throughout the day. The company focuses on advanced semiconductor technologies, including wafer quality and metrology, aimed at enhancing device performance and reliability. With a global presence and a broad technology portfolio, Onto Innovation is committed to optimizing customer efficiency and progress in the semiconductor sector.
Onto Innovation announced its third-quarter 2022 financial results, achieving a 27% revenue growth to $254 million and a 43% increase in net income, totaling $52 million. The gross profit margin improved to 55%, and GAAP diluted earnings per share rose 44% to $1.05. Notable growth was reported from compound semiconductor customers and advanced nodes, with a significant focus on electrification and next-generation technology. The company expects fourth-quarter revenue between $244 million and $256 million.
Onto Innovation Inc. (NYSE: ONTO) will announce its Q3 2022 financial results on October 27, 2022, after market close. The company will host a conference call at 4:30 p.m. ET to discuss these results, led by CEO Michael P. Plisinski and CFO Mark Slicer. Participation is available via phone or through a live webcast on the company’s website. Onto Innovation specializes in advanced semiconductor technologies, offering solutions in process control, defect inspection, and factory analytics, aimed at optimizing performance and reliability.
Onto Innovation has inaugurated a new training, demonstration, and solutions development center in Gyeonggi-do Province, South Korea, on August 24, 2022. This facility aims to support customers across Asia with advanced inspection, metrology, and lithography solutions. A second center will open in Hsinchu, Taiwan, later this year, enhancing collaboration and speeding up the qualification of semiconductor technologies. The centers will facilitate training and the development of tailored solutions, thereby addressing customer-specific manufacturing challenges.
Onto Innovation announced participation in upcoming investor conferences, including Needham’s Annual Virtual Semiconductor & SemiCap 1x1 Conference on August 24, 2022 and Jefferies’ Semiconductors, IT Hardware & Communications Infrastructure Summit on August 29, 2022. CEO Michael Plisinski and CFO Mark Slicer will represent the company, engaging in one-on-one meetings with investors.
Onto Innovation, headquartered in Wilmington, Massachusetts, specializes in process control and offers advanced technologies for the semiconductor industry, addressing critical yield and performance challenges.