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. (ONTO) is a leading name in the field of process control, known for its broad portfolio of advanced technologies. The company’s offerings span un-patterned wafer quality, 3D metrology covering 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. These solutions help customers address complex yield, device performance, quality, and reliability issues across the semiconductor value chain.
Headquartered in Wilmington, Massachusetts, Onto Innovation boasts a global sales and service organization, supporting customers worldwide. Traded on the New York Stock Exchange under the symbol ONTO, the company is engaged in designing, developing, manufacturing, and supporting high-performance control metrology, defect inspection, lithography, and data analysis systems. These are crucial for microelectronics device manufacturers, ensuring smarter, faster, and more efficient operations.
The company operates predominantly in the United States, Southeast Asia, China, Japan, and Europe, with Taiwan and South Korea being major sources of revenue. Onto Innovation's commitment to innovation enables it to stay at the forefront of the semiconductor industry, continuously optimizing the critical path of progress for its customers.
Recent achievements include advancements in 3D metrology and significant improvements in defect inspection technologies. The company is currently focused on expanding its technological capabilities and strengthening its market position through strategic partnerships and cutting-edge research and development projects.
Onto Innovation Inc. (NYSE: ONTO) announced an upcoming analyst event scheduled for June 1, 2023, at the New York Stock Exchange. The event is designed for the professional investment community, featuring presentations by key executives including CEO Mike Plisinski, CFO Mark Slicer, and CMO Mike Rosa. Attendees will engage in discussions on strategies for growth and technological innovations from 10:00 a.m. to 12:00 p.m. ET, followed by a luncheon and technology exhibits from 12:00 p.m. to 1:00 p.m. ET. The focus will be on solutions in metrology, inspection, and lithography. Those interested can RSVP online, and a live webcast will also be available on the company's website, with replays accessible for one year.
Onto Innovation Inc. (NYSE: ONTO) will announce its 2023 first quarter financial results after market close on May 4, 2023. A conference call will be held at 4:30 p.m. (ET), featuring CEO Michael P. Plisinski and CFO Mark Slicer. Participants can dial in or listen via a live webcast on the company’s website. Onto Innovation excels in process control and advanced technologies for the semiconductor industry, offering solutions in wafer quality, metrology, and defect inspection. The company supports a global customer base from its U.S. headquarters, aiming to enhance efficiency and performance across the semiconductor value chain.
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.
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