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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) 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.
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
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.
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