Onto Innovation Full Year 2024 Earnings: EPS Misses Expectations

Onto Innovation (NYSE:ONTO) Full Year 2024 Results

Key Financial Results

• Revenue: US$987.3m (up 21% from FY 2023).
• Net income: US$201.7m (up 67% from FY 2023).
• Profit margin: 20% (up from 15% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$4.09 (up from US$2.47 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Onto Innovation EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.0%.

The primary driver behind last 12 months revenue was the Taiwan segment contributing a total revenue of US$307.5m (31% of total revenue). The largest operating expense was Research & Development (R&D) costs, amounting to US$116.8m (36% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$14.6m. Explore how ONTO's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are down 13% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Onto Innovation's balance sheet and an in-depth analysis of the company's financial position.

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