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 Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 30%.

In the last 12 months, the only revenue segment was Semiconductor Equipment and Services contributing US$987.3m. 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$409.0k. Explore how ONTO's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are down 8.7% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Onto Innovation's balance sheet health.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.