Stock Track | Onto Innovation Plunges 5.6% After-Hours Despite Record Q4 Revenue and Solid Growth

Stock Track

Feb 07, 2025

Onto Innovation Inc. (NYSE: ONTO) saw its stock plunge 5.6% in after-hours trading on Thursday, February 6, 2025, despite reporting record quarterly revenue and solid growth for the fourth quarter and full year 2024.

The semiconductor equipment company posted Q4 2024 revenue of $264 million, a new record and representing a 21% increase from the same period in 2023. For the full year 2024, revenue grew 21% to $987 million.

Onto Innovation's performance was driven by strong demand in advanced nodes, AI packaging and autonomous driving segments. Notable highlights include:

Q4 GAAP net income of $48.8 million, or $0.98 per diluted share
Q4 non-GAAP net income of $74.8 million, or $1.51 per diluted share
Full year 2024 GAAP net income of $201.7 million, up 65% year-over-year
Full year 2024 non-GAAP net income of $265 million, up 43% year-over-year
AI packaging revenue grew 180% in 2024 compared to 2023

Despite the solid financial performance, the market reacted negatively to the results, sending Onto Innovation's shares down in extended trading. The company did not provide a specific reason for the stock plunge in its release.

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(NYSE: ONTO) saw its stock plunge 5.6% in after-hours trading on Thursday, February 6, 2025, despite reporting record quarterly revenue and solid growth for the fourth quarter and full year 2024.</p>\n\n<p>The semiconductor equipment company posted Q4 2024 revenue of $264 million, a new record and representing a 21% increase from the same period in 2023. For the full year 2024, revenue grew 21% to $987 million.</p>\n\n<p>Onto Innovation's performance was driven by strong demand in advanced nodes, AI packaging and autonomous driving segments. 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The company did not provide a specific reason for the stock plunge in its release.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Onto Innovation Plunges 5.6% After-Hours Despite Record Q4 Revenue and Solid Growth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Onto Innovation Plunges 5.6% After-Hours Despite Record Q4 Revenue and Solid Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-02-07 05:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Onto Innovation Inc. (NYSE: ONTO) saw its stock plunge 5.6% in after-hours trading on Thursday, February 6, 2025, despite reporting record quarterly revenue and solid growth for the fourth quarter and full year 2024.</p>\n\n<p>The semiconductor equipment company posted Q4 2024 revenue of $264 million, a new record and representing a 21% increase from the same period in 2023. For the full year 2024, revenue grew 21% to $987 million.</p>\n\n<p>Onto Innovation's performance was driven by strong demand in advanced nodes, AI packaging and autonomous driving segments. 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The company did not provide a specific reason for the stock plunge in its release.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ONTO","symbol_name":"Onto Innovation Inc.","start_time":0,"source_url":"","article_id":"1183719686","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1183719686","pubTimestamp":1738878518,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Onto Innovation Inc.  saw its stock plunge 5.6% in after-hours trading on Thursday, February 6, 2025, despite reporting record quarterly revenue and solid growth for the fourth quarter and full year 2024.The semiconductor equipment company posted Q4 2024 revenue of $264 million, a new record and representing a 21% increase from the same period in 2023. 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Notable highlights include:\n\nQ4 GAAP net income of $48.8 million, or $0.98 per diluted share\nQ4 non-GAAP net income of $74.8 million, or $1.51 per diluted share\nFull year 2024 GAAP net income of $201.7 million, up 65% year-over-year\nFull year 2024 non-GAAP net income of $265 million, up 43% year-over-year\nAI packaging revenue grew 180% in 2024 compared to 2023\n\nDespite the solid financial performance, the market reacted negatively to the results, sending Onto Innovation's shares down in extended trading. The company did not provide a specific reason for the stock plunge in its release.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}