ONTO Q1 2025 Earnings
Reported May 8, 2025 at 4:06 PM ET · SEC Source
Q1 25 EPS
$1.51
BEAT +2.90%
Est. $1.47
Q1 25 Revenue
$266.6M
BEAT +0.15%
Est. $266.2M
vs S&P Since Q1 25
+124.8%
BEATING MARKET
ONTO +152.5% vs S&P +27.7%
Market Reaction
Did ONTO Beat Earnings? Q1 2025 Results
Onto Innovation kicked off 2025 with a record first quarter, delivering earnings per share of $1.51 against a consensus estimate of $1.47, a 2.90% beat, while revenue of $266.61 million edged past expectations by 0.15% and grew 16.5% year over year. … Read more Onto Innovation kicked off 2025 with a record first quarter, delivering earnings per share of $1.51 against a consensus estimate of $1.47, a 2.90% beat, while revenue of $266.61 million edged past expectations by 0.15% and grew 16.5% year over year. The headline driver behind the strong result was a doubling of advanced nodes revenue on a sequential basis, fueled by broad-based strength across leading-edge DRAM, NAND, and gate-all-around devices, a mix shift that also helped push GAAP gross margin to 54%, up from 50% in the prior quarter. Operational discipline was equally evident, with record cash from operations of $92.00 million representing 35% of revenue and non-GAAP operating margin expanding to 29% from 25% a year ago. Analysts holding buy ratings had pointed to roughly $205.00 price targets heading into the print, and the results largely validated that constructive stance. Looking ahead, the company guided Q2 revenue to $240.00 million to $260.00 million, with non-GAAP diluted EPS of $1.21 to $1.35, as product roadmaps remain aligned with technology transitions expected in late 2025 and early 2026.
Key Takeaways
- • Advanced nodes revenue doubled quarter-over-quarter with growth across leading-edge DRAM, NAND, and gate-all-around devices
- • Iris film metrology revenue increased over 25% quarter-over-quarter driven by new customer wins
- • Record cash from operations of $92 million, or 35% of revenue
- • Seventh consecutive quarter of revenue growth
- • GAAP gross margin expanded to 54% from 50% in Q4 2024
ONTO YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
“We are pleased to report another record quarter for Onto Innovation, underscoring our strong market alignment and operational improvements, which resulted in record cash generation of 35% of revenue. The robust demand in advanced nodes is effectively demonstrating the strength of our optical metrology portfolio, while the packaging market is growing and evolving to require the need for more advanced 2D and 3D inspection and metrology solutions. Our product roadmaps are well aligned with these technology transitions expected late this year and early 2026.”
— Michael Plisinski, Q1 2025 Earnings Press Release
ONTO Earnings Trends
ONTO vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ONTO EPS Trend
Earnings per share: estimate vs actual
ONTO Revenue Trend
Quarterly revenue: estimate vs actual
ONTO Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 BEAT FY | $1.26 | $1.26 | +0.00% | $266.9M | -0.07% |
| FY Full Year | $4.94 | $4.94 | -0.03% | $1.01B | -0.02% |
| Q3 25 BEAT | $0.90 | $0.92 | +2.51% | $218.2M | -1.06% |
| Q2 25 MISS | $1.28 | $1.25 | -2.15% | $253.6M | +1.14% |
| Q1 25 BEAT | $1.47 | $1.51 | +2.90% | $266.6M | +0.15% |