ONTO INNOVATION INC

For the period ended Jun 29, 2024. Filed Aug 8, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 29, 2024 · Filed Aug 8, 2024

ONTO$194.04+12.0%Stored close · as of Nov 9, 2026

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Contents

Item 1. Financial Statements

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share data)

	Three Months Ended		Six Months Ended
	June 29,	July 1,	June 29,	July 1,
	2024	2023	2024	2023
Revenue	$242,327	$190,662	$471,172	$389,827
Cost of revenue	114,091	90,201	224,651	184,391
Gross profit	128,236	100,461	246,521	205,436
Operating expenses:
Research and development	27,044	27,043	53,599	54,285
Sales and marketing	18,976	16,024	37,295	31,661
General and administrative	20,271	18,762	37,833	37,999
Amortization	13,112	13,825	26,224	27,649
Total operating expenses	79,403	75,654	154,951	151,594
Operating income	48,833	24,807	91,570	53,842
Interest income, net	8,496	4,758	15,857	8,206
Other (expense) income, net	(60)	(1,710)	734	(1,991)
Income before provision for income taxes	57,269	27,855	108,161	60,057
Provision for income taxes	4,320	1,959	8,359	5,093
Net income	$52,949	$25,896	$99,802	$54,964
Earnings per share:
Basic	$1.07	$0.53	$2.02	$1.12
Diluted	$1.07	$0.53	$2.01	$1.12
Weighted average number of shares outstanding:
Basic	49,342	48,976	49,286	48,865
Diluted	49,674	49,274	49,656	49,175

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.