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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 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.
Onto Innovation (NYSE: ONTO) has secured $85 million in orders from a 3D NAND manufacturer for its advanced metrology suite, with delivery slated for 2022 and the first half of 2023. The order includes systems like the Atlas V and Iris metrology systems, enhancing metrology capabilities for complex 3D NAND devices. The AI-powered AI Diffract software integrates data streams, boosting customer process development. This innovative platform allows flexibility and cost savings for customers, promoting a cost-effective control strategy.
Onto Innovation Inc. has secured
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.
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