Filing Flows › Onto Innovation (ONTO) › Q4 2024
Onto Innovation (ONTO) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 25, 2025
Onto Innovation (ONTO) reported revenue of $264M for the fourth quarter 2024 (Q4 2024), +21% from a year earlier and +5% from the quarter before. Operating margin was 16.1%, net earnings $48.8M (18.5% of revenue).
Onto Innovation, Q4 2024: revenue $264M (+21% year over year), operating margin 16.1%, net earnings $48.8M, operating cash flow $56.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $264M | +5% | +21% |
| Gross profit | $132M | -3% | +23% |
| Operating profit | $42.5M | -20% | +50% |
| Net earnings | $48.8M | -8% | +61% |
| Operating cash flow | $56.0M | -17% | -9% |
| Free cash flow | $51.4M | -13% | -13% |
What changed
Revenue was $263.9M in Q4 2024, up 21% year over year and up 5% from the previous quarter. Systems and Software Revenue was the largest line at 86% of revenue.
Gross margin was 50.2%, up 0.8 points from a year earlier. Operating profit was $42.5M, a 16.1% margin (up 3.2 points year over year). Of the extra revenue versus a year earlier, 32% reached operating profit, above the 13% margin then. Operating expenses grew 13% against revenue growth of 21%. The fastest-growing cost line was Research & development (+33%). Net earnings were $48.8M, up 61% year over year. The effective tax rate was 4.8%.
Operating cash flow was $56.0M (down 9% year over year), 115% of net earnings. Non-cash charges added back $12.2M of depreciation and amortization and $6.8M of share-based compensation. Working capital and other items used $11.7M. Capital expenditures of $4.6M left free cash flow of $51.4M.
Questions
What was Onto Innovation's revenue in the fourth quarter 2024?
Onto Innovation (ONTO) reported revenue of $264M for the fourth quarter 2024 (Q4 2024), +21% from a year earlier and +5% from the quarter before.
Was Onto Innovation profitable in the fourth quarter 2024?
Operating profit was $42.5M (16.1% of revenue) and net earnings $48.8M.
Source: Onto Innovation 10-K on SEC EDGAR.