Onto Innovation reports Q4 EPS $1.06, consensus $1.01

Reports Q4 revenue $218.856M, consensus $209.06M. Michael Plisinski, chief executive officer of Onto Innovation, commented, “Onto Innovation finished the year strongly, as we supported a surge in demand for Dragonfly systems as well as delivered several metrology systems for potential new applications in the AI packaging space. This underscores our strategy to support the entire value chain with a synergistic portfolio of process control solutions.” Plisinski continued, “In addition to packaging, revenue for our portfolio of solutions for power semiconductor customers expanded by 40% as compared to the prior year. Though our advanced nodes business saw decline matching reduced spending from our customers, we expanded our value to customers by qualifying and delivering several films and integrated metrology systems for our advanced nodes customers. As spending returns and we continue to focus on being a stronger supplier to our customers, we are optimistic that we will see additional growth. As we look ahead to 2024, we will continue to focus our resources and strengths on customer products and applications that are rapidly growing to help them develop and ramp some of the most complex manufacturing processes in the world.”