The price trend for Onto Innovation (ONTO) has been bearish lately and the stock has lost 10.9% over the past week. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support.While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street anal ...

FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Commission File No. 001-39110 ONTO INNOVATION INC. (Exact name of registrant as specified in its charter) (State or other jurisdictio ...

Onto Innovation Inc. (NYSE:ONTO) Q3 2023 Earnings Conference Call November 9, 2023 4:30 PM ET Company Participants Mike Sheaffer - Senior Director Investor Relations, Corporate Communications and Market Research Michael Plisinski - Chief Executive Officer Mark Slicer - Chief Financial Officer Conference Call Participants Craig Ellis - B. Riley Securities Brian Chin - Stifel Financial Charles Shi - Needham & Company Vedvati Shrotre - Jefferies David Duley - Steelhead Securities Mark Miller - Benchmark Compan ...

Onto Innovation Inc. (NYSE:ONTO) Q2 2023 Results Earnings Conference Call August 10, 2023 2:30 AM ET Company Participants Mike Sheaffer - Senior Director Investor Relations, Corporate Communications and Market Research Michael Plisinski - Chief Executive Officer Mark Slicer - Chief Financial Officer Conference Call Participants Charles Shi - Needham & Company Craig Ellis - B. Riley & Co. Brian Chin - Stifel Financial David Duley - Steelhead Securities Vedvati Shrotre - Jefferies LLC Mark Miller - Benchmark ...

Thanks Mike and good afternoon everyone. As Mike highlighted, we closed the first quarter with revenue of $199 million, down 17% over the same period last year and just below the midpoint of our first quarter guidance range, while achieving an EPS of $0.92, which is $0.04 above the midpoint of our EPS guidance range of $0.80 to $0.95. The impact of the memory – of the memory market being the biggest driver of this revenue decline after coming off our record setting fourth quarter and year. Quinn Bolton Yes. ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-39110 ONTO INNOVATION INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of inco ...

Financial Data and Key Metrics Changes - The company achieved a significant milestone by surpassing $1 billion in revenue for the year, with a revenue growth of 32%, well above the market estimate of 9% for wafer fab equipment in 2022 [4][11][29] - Fourth quarter revenue was reported at $253 million, up 12% year-over-year, and $3 million above the midpoint of guidance [29][52] - Operating income for the full year reached $302 million, with net income of $275 million, marking a 43% increase in earnings [11][23] - Gross margins for the fourth quarter were 54%, consistent with previous guidance, despite inflationary pressures on raw materials and labor [30][52] Business Line Data and Key Metrics Changes - Revenue from specialty devices and advanced packaging grew 15% year-over-year, achieving $125.4 million, representing 49% of total revenue [51] - Advanced nodes revenue was $85.3 million, growing 16% year-over-year, accounting for 34% of total revenue [51] - Software and services revenue slightly declined by 1% year-over-year to $42.6 million, representing 17% of total revenue [51] Market Data and Key Metrics Changes - The company expects a decline in specialty and advanced packaging by mid to upper teens in Q1 2023, with advanced nodes revenue anticipated to drop by approximately 30% due to reduced memory spending and restrictions in China [16][56] - The overall wafer fab equipment spending estimates are down 20% for 2023, with some analysts forecasting a 30% decline when excluding front-end and lithography spending [35][56] Company Strategy and Development Direction - The company plans to reduce annual spending by $25 million to $30 million, focusing on operational efficiencies and strategic investments in R&D [15][56] - The company aims to optimize inventory levels, targeting a return to the mid $200 million range in 2023 [53] - The long-term outlook for chip growth remains strong, with estimates suggesting a market size of $1 trillion by 2030 [57] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to outperform despite a weakening environment, citing a backlog that supports revenue doubling in lithography and growth in power and compound semiconductor customers [17][18] - The company anticipates a slow start to 2023 but expects improvements in margins and operational efficiencies as the year progresses [15][56] - Management noted that while factory expansions are slowing, customer engagement remains strong for developing new technologies [10] Other Important Information - The company repurchased over 1 million shares year-to-date, returning $65.2 million to shareholders under a $100 million authorization [14] - Cash and short-term investments totaled $548 million, with operating cash flow of $137 million for the year, down from 2021 levels due to increased inventory management [13] Q&A Session Summary Question: What is the expected revenue decline for 2023? - Management indicated a revenue decline of 18% to 22% year-over-year, with expectations of stabilization in Q2 [60][75] Question: How are cost savings being achieved? - Cost savings are expected to be approximately $16 million in operating expenses and $11 million in cost of goods sold, with a focus on operational efficiencies [41][62] Question: What is the outlook for memory spending? - Management suggested that memory spending may resume at the earliest in late 2023 or into 2024, primarily in R&D rather than production [104] Question: How does the company view the compound semiconductor market? - The company sees significant growth potential in the compound semiconductor market, with expectations of double-digit growth rates in the coming years [90][123] Question: What is the company's capital allocation strategy? - The company is open to share buybacks and M&A opportunities, maintaining a healthy balance sheet while seeking growth avenues [120]

Onto Innovation Inc. (NYSE:ONTO) Q3 2022 Earnings Conference Call October 27, 2022 4:30 PM ET Company Participants Michael Sheaffer - Senior Director Investor Relations, Corporate Communications & Market Research Mike Plisinski - Chief Executive Officer Mark Slicer - Chief Financial Officer Conference Call Participants Craig Ellis - B. Riley Securities Mark Miller - The Benchmark Company Hans Chung - D.A. Davidson Trevor Janoski - Needham Operator Good day and welcome to the Onto Innovation Third Quarter Ea ...

| --- | --- | --- | --- | --- | |-------|-------|-------|-----------------------|-------| | | | | | | | | | | | | | | | | | | | | | | Onto Innovation | | | | | | Investor Presentation | | | | | | AUGUST 2022 | | Safe Harbor • The information presented herein contains forward-looking statements that relate to anticipated future operating results and performance. These statements are only predictions based on management's current expectations and assumptions, including market size and forecasted growth, Total ...

Onto Innovation Inc. (NYSE:ONTO) Q2 2022 Results Earnings Conference Call August 10, 2022 4:30 PM ET Company Participants Michael Sheaffer - Senior Director Investor Relations, Corporate Communications and Market Research Michael Plisinski - Chief Executive Officer Mark Slicer - Chief Financial Officer Conference Call Participants Quinn Bolton - Needham & Company Craig Ellis - B. Riley & Co. Brian Chin - Stifel, Nicolaus & Company Hans Chung - D.A. Davidson David Duley - Steelhead Securities Mark Miller - T ...