Recap: Onto Innovation Q2 Earnings - Onto Innovation (NYSE:ONTO)

Onto Innovation ONTO reported its Q2 earnings results on Tuesday, August 9, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Onto Innovation beat estimated earnings by 0.79%, reporting an EPS of $1.28 versus an estimate of $1.27.

Revenue was up $62.92 million from the same period last year.

Last quarter the company beat on EPS by $0.14 which was followed by a 6.85% increase in the share price the next day.

Here's a look at Onto Innovation's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	1.17	1.11	0.92	0.80
EPS Actual	1.31	1.23	0.98	0.92
Revenue Estimate	232.00M	215.20M	195.34M	177.72M
Revenue Actual	241.35M	225.64M	200.59M	193.39M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Onto Innovation management provided guidance for Q3 2022, expecting earnings between $1.21 and $1.42 per share.

To track all earnings releases for Onto Innovation visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.