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 (NYSE: ONTO) will exhibit at SEMICON West from July 12-14, 2022, at Booth 629 in the South Hall of Moscone Center. The management team, including CEO Mike Plisinski and CFO Mark Slicer, will hold customer and investor meetings during the event. Onto Innovation focuses on solving complex manufacturing challenges with advanced technology solutions, including optics, measurement, and analytics, to enhance chip manufacturing quality and efficiency. The company aims to support customers across the semiconductor value chain.
Onto Innovation has shipped its first Dragonfly G3 system with the new EB40 module to a leading semiconductor manufacturer. The EB40 enhances all-surface wafer inspection, addressing yield loss from defects. This new tool boasts 30% greater sensitivity and doubles throughput compared to previous systems. Demand for early detection of yield issues is increasing, especially for advanced packages. The Dragonfly G3 and EB40 combination is set to expand Onto's market within advanced logic and memory segments. Volume purchase agreements are aligned with the company’s 2022 outlook.
Onto Innovation Inc. (NYSE: ONTO) announces participation in three upcoming investor conferences. The management team, including CEO Michael Plisinski and CFO Mark Slicer, will attend B. Riley's Annual Institutional Investor Conference on May 25, 2022, in Beverly Hills, California. They will also participate in Cowen's Technology, Media & Telecom Conference on June 1, 2022, in New York City, and Stifel’s Cross Sector Insight Conference on June 9, 2022, in Boston, Massachusetts, where a fireside chat will be available via live audio webcast.
Onto Innovation Inc. (NYSE: ONTO) announces the appointment of Mark Slicer as the new chief financial officer, succeeding Steve Roth, who retires after 26 years. Slicer brings nearly 29 years of finance experience from companies like Boston Scientific, where he managed significant financial operations. CEO Mike Plisinski highlights Slicer's expertise in financial performance and M&A integration as vital for Onto's growth. Roth will remain as an advisor until year-end. The company continues to focus on core semiconductor services and seeks to enhance value for shareholders.
Onto Innovation reported a record revenue of $241 million for Q1 2022, reflecting a 43% year-over-year growth. Net income reached $53 million, marking a 121% increase compared to Q1 2021. The company achieved a gross profit margin of 54% and improved operating margins to 24% GAAP and 31% non-GAAP. Advanced Nodes revenue was $100 million, while Specialty revenue also hit $100 million. Despite strong demand, Onto expects ongoing supply chain challenges throughout the year.
Onto Innovation Inc. (NYSE: ONTO) will report its Q1 2022 financial results on May 3, 2022, after market close. A conference call hosted by CEO Michael P. Plisinski and CFO Steven R. Roth will follow at 4:30 p.m. ET. Participants can join by calling (888) 204-4368, with a replay available until May 10, 2022. Onto Innovation specializes in process control with advanced technologies in semiconductor manufacturing, focusing on yield and device performance. More details can be found on their website.
Onto Innovation Inc. (NYSE: ONTO) has appointed May Su to its board of directors. With over 35 years in the semiconductor capital equipment industry, Ms. Su brings extensive experience from companies like Lam Research and KLA. Her previous roles include vice president of strategic marketing at Brooks Automation and CEO of Kateeva. Her international perspective and strong business development track record are expected to aid Onto Innovation's growth strategy. The company anticipates a strong growth outlook as it continues to supply process control solutions to the semiconductor industry.
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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.